1. Nice Pinbar formed at S/R zone. 2. 50.0% Fibonacci Retracement confirmed that is superb S/R zone with pin bar. 3. EMA 150 & 200 acts as resistance for that pin bar. 4. Note down entry point very well and TP & SL clearly mentioned in the chart window.
1. Pinbar formed at S/R level 2. Fibonacci Retracement 61.8% confirms that S/R level. 3. Trendline is in perfect position for the pinbar which acts as trendline. 4. Stop Loss and Take Profit levels are perfectly mentioned in the chart window. 5. Once Take profit level reached, try to sell half of your stocks position there and move your stop loss to breakeven and...
1. Pin bar formed ant the round number. 2. The round number location is at support and resistance zone. 3. Fibonacci retracement occured at 61% and 50% level. 4. Overall Trend is down. 5. Take Profit and Stop Loss region correcctly mentioned on chart window.
LT has given a breakout from rising wedge pattern. However, today's candle is an inverted hammer which might be a sign of reversal and hence, it is a wait and watch scenario. One can enter if there is a retest and continuation of uptrend from 2250-2300 levels
The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price. This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value. Again, bullish confirmation...
The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price. This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value. Again, bullish...
The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price. This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value. Again, bullish confirmation...
As we see, downtrend is stopped by inverted hammer with good volumes followed by a green confirmation candle. We can long this for a short term profit of around 8-10%. We can keep ~2150 as stop loss point.
Inverted Hammer is form near resistance in SOLARINDS. if on daily timeframe red candle is form in next trading session then this stock will be more bearish in upcoming days. if it will break the resistance zone and sustain above then only thinking for buying this stock for swing trading. as of now looking bearing.
NSE: ALKEM is closing with an inverted hammer candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 11% gain...
Buy 2456.05 sl 2334.55. Buy 2456.05 sl 2334.55 note .. it is my predication , market can happened any thing
Look at the bank nifty chart at resistance and see the price action at the pivot level. I have written on chart the details of the move
Every thing is written on the chart you can read from there thanks for more such information follow my account .
nifty on weekly chart showing falling trend line from highs beautifully a inverted hammer with red candle formation, with exactly respecting trend line nifty making lower highs and lower lows sign of down trend (HL and LL) after breakdown of level 17600 big fall in intraday can be expect here potentially down side targets will be 16790 then 15880
As per the 2 Hour Chart of ADANIPORTS, we have witnessed the formations of an inverted hammer, and a bullish harami followed by a confirmation candle on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the...
Infosys on daily chart is at support and formed bullish inverted hammer. Good long setup.
As per the 2 Hour Chart of CENTURYTEX , we have witnessed the Formations of “Bullish Harami” as well as “Inverted Hammer” on the downside. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 866.80, 877.15, and 892.35. Whereas,...
Hindustan Unilever is showing signs of bearishness Reasons/Traits : • Daily Trend far away from 20 EMA • Uptrend is in pause mode • Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down) • Since 17 sessions stock did not retrace • Volume is decreasing • RSI and MACD in overbought zone • For a healthy uptrend retracement need...