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Islandreversal

BankNifty-Twist & Turn-Will it die on Euphoria? Island ReversalDisclaimer: This is not an Investment Advice. Trading leveraged products carries a high degree of risk and you could lose more than your initial deposit. "Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." -John Templeton What Is an Island Reversal? An island reversal is a price pattern indicating grouping of days on either side by gaps in the price action. This price pattern occurs when two different gaps isolate a cluster of trading days. Pattern usually indicates reversal in trend - which can be short term or long term. Check the charts 7th Sep 2022 Gap down opening as shown in circle shape & 8th Sep 2022 - Possible Gap up opening in next trading session Check the Snapshot / Image - Island Reversal Pattern Try to relate with the current chart of BankNifty. Check yourself where are you in the chart & what could you expect if something similar has to repeat. Thanks for reading
NSE:BANKNIFTYEducation
by WaveTalks
9
IOLCP - A New Approach✔️First of all, This is my first Island analysis.So I know there are so many mistakes.Anyone who knows about it can comment below.Anyway, I am trying to do better. And, u guys can see it's not completed yet(Island).So we want to wait. #copied 👇👇 In order to confirm the Island candle pattern, you should discover three symptoms on the chart: 1.The stock gaps in a bearish or bullish direction. 2.After at least the close of one candle, the stock gaps back in the opposite direction. 3.None of the candles from the island overlaps with the candles from the general price action, including the body or the candle wick. We can discuss more about it,if it move as we expected🤍 Thank you
NSE:IOLCPLong
by ANKITHSHAJU
2
Tata Motors: Island formationTata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively and of similar magnitudes on a closing basis (38 & 36 points respectively) - thereby forming an island of trade of more than 1 year Scenario 1 The stock goes up... sees price rejection and falls down Scenario 2 Stock gets sold in to and falls deeper Strategy 1 Buy at current levels for target of 405-415 If the stock sees price rejection around the 416-422 zone then sell for downside target of 344-348 and probably even 322 Strategy 2 The stock goes below 374 and is unable to recover above 384 then sell with minor stop of 384 for target of 344-348 - wait for a bounce back. if we see price rejection again in the zone of 362-380, then sell for deeper targets Take care & safe trading...!!!
NSE:TATAMOTORSShort
by indiamarketoutlook