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Morning Star

RESISTANCE CAN BECOME SUPPORT TOO !It is old theory of support and resistance that support can become resistance and vice versa. So if we apply that theory here on ACC , it can be a good entry as stock is near the resistance line. All we need to do is look for a bullish reversal candlestick pattern. Some of bullish reversal candlestick patterns are Morning star, Bullish engulfing , Hammer , Bullish Harami etc. These type of entries are best because it provides us good Risk to Reward. Target can be around 2428 levels , Which is good for swing ( 9%+) Pls note that this is not stock buying advice, this is just my analysis on this stock, please consider taking help from your financial advisor before making any purchase. Feel free to share your views.
NSE:ACCLong
by headymuk
IGL RESPECTING ITS MAJOR SUPPORT LINE !IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade in this stock. Also note that this analysis was done by me only for educational purpose , feel free to share your views.
NSE:IGLLong
by headymuk
6
TOP/BOTTOM REVERSAL CANDLE PATTERNSHi Its been a while since my last post. In this post I have represented selective candlestick reversal patterns. In a candlestick, "body" represents the distance between candle OPEN and CLOSING price. Whereas "wicks" represent the entire range of the candle from TOP to the BOTTOM. In most of these patterns only bodies are important. There are no conditions for wicks unless specifically mentioned like in abandoned baby star and (first two candles of) shooting star pattern. In an abandoned baby star pattern the wicks of the second day should not overlap with the wicks of first and third day. But there can be wick overlapping in morning and evening stars where the condition is for bodies only. Similarly in shooting star, the second day should not overlap with the first day (not even wicks) whereas the third day may have some overlapping. One should always try these patterns with some sort of confirmation in the form of volume or overbought/oversold scenarios etc. While taking a trade based on these patterns one should follow money management and trade management principles. I hope this post will update your knowledge in one way or the other. Do not forget to like and comment (for any doubts) to encourage writing on trading view. Regards JJSingh
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NSE:NIFTYEducation
by Bravetotrade
41
Banknifty - Morning Star Pattern 10 AugWhat Does Morning Star Mean? A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. Traders watch for the formation of a morning star and then seek confirmation that a reversal is indeed occurring using additional indicators. The opposite pattern to a morning star is the evening star, which signals a reversal of an uptrend into a downtrend. Can we expect a bullish move .. please put your thoughts into comment.
NSE:BANKNIFTY
by kiranrshinde
4
Multibagger Strike. (Bank Nifty)Time frame: 75 min. 1) RSI divergence. 2) Inside candle. 3) Morning star pattern. 3) Making higher lows. ( in 15 min TF) How to trade: Spot chart- On 29th July if price gives a closing above 34,580 in 5 min candle. Buy *35000 CE of 5th August expiry.* (Current price 224.) SL: 50-60 points ( or < 34520) Target: 35200 Good for Swing trade as well as intraday. Don't hold the position after monday. Position size should be such that even if you SL is hit. You should only lose 2% of your entire capital. One should go with futures if not comfortable with options.
NSE:BANKNIFTYLong
by bhagat109
Concor BuyIn this current market, Concor seems to be the goos trade in the coming days. Fib retracement 50% support playing good Support for the stock DOJI formation at the bottom can be a reversal signal. Don't be in hurry to trade SL can be 652 on closing Basis Targets can be 700 and 730 for swing. Buy Aug month contract for a good move. Just like Wipro, good returns are expected from the stock Grandfather, Father, and son strategy. If you have not seen This strategy watch my Wipro IDEA shared on Tradin View Results can furious. Buy on dip here on the stock.
NSE:CONCOR
by Pro_Trader_GRV
4
WATCH THIS BOUNCE BACK !Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment. Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support line only then make a long call. Target will be near the resistance line , i will advise you all to book profit before the stock touches the resistance line as it can reverse before too. Only for education , feel free to share your views/feedback.
NSE:COCHINSHIPLong
by headymuk
5
ABFRL Symmetric Triangle BreakoutABFRL ready for a short term positional trade for target price 241. Confirmations: Morning star candlestick pattern : Its a bullish trend reversal pattern having very good result when occurs in a down move or a down trend. Breakout : Symmetric triangle pattern breakout with a Large bullish candle. Volume : Volume at breakout candle is above the volume moving average of length 20. Its almost more than twice volume MA. MACD : MACD crossing above zero is considered bullish. MACD histogram showing positive strength. Histogram bars are increasing. RSI : RSI is above 60. Its a good sign for a bullish trend with a good strength. Here I have considered target from resistance line near 241. Disclaimer : I am not sebi registered. This is for educational purpose. Take your decisions with your own analysis. I am not responsible for any profit or loss.
NSE:ABFRLLong
by AmeyKajarekar