BPCL was in a very clear uptrend from 22nd December... after that yesterday it formed a green candle with small wicks, today it opened gap up but could not retain the price and closed deep into yesterday's body.
The encircled pattern is called Dark Cloud Cover.
As the name suggests, a downtrend is expected after the appearance of this pattern.
You can keep a...
CRISIL | Channel support / Swing again, looks good for 16%
RSI divergence in smaller time frames - attached in comment section
CMP : 1898
SL : 1850
Target : 2200
Almost 1:7+ risk reward setup
(P.S : This stock has poor volume, hence be cautious about slippage and violant moves)
The upper and lower trend lines on the 30 min chart are narrowing for BankNifty.
Last week we saw that the range was very tight for the market and it proved to be a good consolidation period for the market, after the post-COVID volatility. The price right now is at the lower end of the trend, and may see a move towards 23,000 again. This has proved to be a very...
This analysis is only for educational purposes, Invest at your own risk!
ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
The volume suggests that the rise in price is coming to an end and a downfall is near.
Hence getting into a short position at around 230-220 INR will prove to be profitable.
Traders should place their stop losses...