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...
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 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,...
The USDINR currency pair charts weekly charts showing an inverted hammer formation at previous resistance zone close by trendline channel top shows the presence of bears and could be potential reversal signal that could possibly mean it is less likely for the currency pair to move to 76 levels and beyond. The dollar index may be facing resistance before 94.7. ...
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...
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Inverted Hammer is a Bullish Pattern that indicates a reversal. This indicates that the price is falling for many days It is time to change its direction to go up.
This pattern is formed on a daily time frame with a high volume which indicates Momentum.
As price is on 200 days EMA which acts as a support. There is a high Probability of Stock going up.
Risk...
Nifty started a new bullish trend during the first day of february which stopped at near 15450 levels
and since then nifty has been following a falling channel pattern and has corrected almost 8%.
Formation of an inverted hammer that too near the breakout point shows significant selling pressure
i believe, if we break the low of this hammer which is 14420...
What market doesn't like is high volume and it hates when it is immediately followed a clear sign of distribution. Its definite that smart money has taken advantage of the parabolic markup and they have started to sell at their favorite auction price. They trap the gullible retail trader at the top and drive the price down to the potential stop loss of the...
