NSE:LXCHEM is a good company from the chemical sector. on daily time frame stock is making rounding pattern. and taking strong support from the 404 level. and, it has made morning star at the bottom of the trend. one can buy this stock for a short-term target of 563.
The analysis is done on weekly 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...
Only for Educational purpose. This stock TCS is right now in good area where buying could be initiated, we have noticed that the price is right now at lower point of parallel channel in daily time frame, where demand zone is also co-incidentally matches and 200DEMA is also at same level of that area zone, but its not confirmed yet to go long, if any type of...
1. Morning Star Pattern 2. Latest candle (26th oct21) closed above 0.5 fibo and 20ema 3. RSI above 50
Indusind bank is behaving no different than the other performers in banking. There is a morning star formation at the retest levels of the breakout that happened a few days ago. I categorize this candlestick as a buy setup and this can give 10% in the coming days. SL should be at 1087 with a target of 1240-1250. This is a good RR setup of 3.5 Kindly note that...
After Bonus issue share last week & Evergrande crisis correction, strong bullish candle formed with aMorning star pattern after bounce from support. Can reach 915- 1065(ATH) in a few sessions. Moving in a strong upward channel.
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...
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...
Lets look at the candlestick pattern that i have marked on the chart, its a morning star. a perfect setup for reversal. can go long as it has given a breakout today closing above the resistance. targets and stoploss are both marked in the chart.
NSE:PIIND PIIND - Rebound from support and Morning star Expecting a target of 3500+ in few days.
What 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...
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....
In 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...
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...
may be aftr support 29 to 30k bitcoin will go high......if it forms MORNING STAR ON 4 HOURS TIME FRAME And MACD confirmation.....buy BTC ....FOR HOLD BUY HUGE
A small retracement from overbought region stopped by a morning star pattern at a good zone (Low of the hammer wick previously) Also RSI bullish divergence could be possible for more upside move. A random target with a stoploss offers very fine risk reward ratio. Can go long after the breakout of the previous candle high.
BURGER KING SHARE >> MORNING STAR PATTERN >> AFTER DOWNTREND
A morning star pattern in a downtrend with increase in the volume indicates possible upmove in the price.Can go long with the above mentioned levels as target and stoploss.