NSE:CUMMINSIND Formed in 1962, the largest entity of Cummins in India, Cummins India Limited is the country's leading manufacturer of diesel and natural gas engines.
Cummins India formed morning star candlestick pattern and gave closing above it.
Entry : 1755.35
Target : 1821.40
SL : 1670
RR : 0.77
Reliance Industries Ltd is trading in a price range of 2200 - 2800 since Sep 2021.
In between this a strong support and resistance formed where 2200 act as a support and 2800 as a resistance.
Last week a bullish candlestick pattern formed in Reliance called Classic Morning Star at support level.
Here are the characteristics of a classic Morning Star...
Chart patterns looks interesting from both bull and bearish point of view
REASONS
BEARISH VIEW
1. 3 Black crows (perfect closing) with rise in volumes ( www.tradingview.com)
2. February monthly candle looks like BREAKDOWN candle with low tested the next month
3. Weekly H&S pattern in progress
4. Bullish flag Breakout candle (october 2022 candle)...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
The analysis is done on Monthly TF hence price may take few weeks to Few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
NSE:DMART is a very good fundamental company with strong management.
on daily time frame after a sharp fall, Smart has made 2 reversal patterns one is bull slush and second is morning star respectively.
one can bought this stock for short term target of 4218 and mid term target of 4602
DISCLOSURE : I have this company in my portfolio
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
This is 1D timeframe.
Infosys have formed a inverse head and shoulder pattern with a morning star at bottom in head.
Last three days, 2 good bullish candles, but the volume is average so I need more confirmation to initate the trade.
Will wait to get a closing above 20th July candle with volume support.
Then I can target the 1660-1670 zone.
I can keep stoploss...
Shiba is trading at ideal support zone at the starting point of wave cycle, but to confirm low/support in place and bullish reversal,
we need to see a recovery at least back to 0.00001435 area and more strong above 0.00000200 area. (One can go long after these confirmations) on the way down 0.00000450 levels are major support to watchout for.
As per Elliott wave...
Asian Paints is in downtrend and it has formed a Morning Star pattern.
Volume is also good.
Trend reversal may start from here.
Presently it is at a very crucial support as indicated in the chart.
Trade Carefully!!
Tega industries had listed at around 761/- ( 68% premium to its IPO price of ₹453 per share.)
Its now at 447 (almost 1% less than IPO price).
Chart shows Morning star pattern with a substantial high volume as indicated in the chart.
Looks set to go up in near term.
Trade Carefully !!
