Morning Star
Bajaj Finance forms Inverted Head & Shoulder PatternBajaj Finance forms Inverted Head & Shoulder Pattern formed . With last 4 candle having Morning Star .
Do Trade as per suitability and breakout.
NOT A MORNING STAR SIGNALpeople often mistakenly see this signal as the morning star signal and book losses. this signal does not fulfill a very necessary condition of the morning star signal, ie., the third day candlestick does not penetrate at least half of the first day black candle which is of utmost importance!
Long - Weekly Morning Star On Weekly SupportLong - Weekly Morning Star On Weekly Support Avanti Feed
15 minutes breakout on major trend line in Bajaj Finance.15 minutes breakout on major trend line in Bajaj Finance + morning star formation in Daily Candles + 38.2 level support in Fibonacci on Daily candles.
A morning star with huge volume.Buy above the candle highExpecting some retracement downside.Go long after some retracement or buy above the last candle's high if it breaks immediately with a proper stoploss and target as mentioned above.
RAILTEL BULLISH on DailyRAILTEL seeing good support at listing day opening price range.
it has traded with good volume and closed above 20DMA.
it formed Morning star pattern at support.
ADX cross over on daily chart.
Bullish Engulfing seen on weekly chart.
Lecture-2 Candestick patternThis is the second lecture of the series "basics of the stock market". In this class, we will discuss few candlestick patterns and will try to identify those in the chart.
HeroMotocorp longDouble Bottom with Morning Star pattern formed on daily timeframe
If if closes above today's high tomorrow then double bottom targets may be seen.
Cup and Handle BO Happiest MindsCup and Handle Structure BO with morning star Enjoy the multibagger returns if sustains BO
ADANI POWER Morning Star FormationADANI Power closed at an upper circuit way before the market closed at 15th March. Looking at the RSI and Pattern formation, the levels of 85 are not far. SL 78.50
Procter & Gamble - 2Hr Double BottomA Bullish Divergence
A Morning Star / Bullish Abandoned Baby candlestick.
A Double Bottom
Long on BRITANNIADouble confirmation
1. Last week it has taken support by forming a Doji candle
2. This week it has confirmed last week support by forming a morning star candle pattern in the weekly time frame
This is only for educational purposes and not a suggestion for investing. Do your own research before investing.
MORNING STAR FORMATION IN TCSA morning star is a bullish three candle pattern that is formed at the bottom of a down move. The first candle in the morning star formation is a big bearish candle that clearly defines the down move. The second candle is a small candle, which is ideally a Doji candle. The third candle is a large bullish candle, which closes near the top of the day.
Clearly, Morning star is formed in TCS today. It's ready to move upside.
INDIGOPAINTS taking support at 2500it has formed at Morningstar pattern on daily charts and taking support at 2500 level. if it continuous it can rally upto 2700-2800 level in very soon time. but to make it has to sustain above 2560 level on lower time at least one candle.(15 min/1 hr).
Daily trend shows lower lows and lower highs.
Sunpharma - Positional View , Long Term investment ( 40 % gain )Fundamentals :
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- The whistle blower case got settled down
- Stock was on 3 years consolidation
- Now it's on the same resistance level of 654 after 2018
- Chances are very high for Break Out
Technicals :
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- Rounding bottom formation in the weekly chart
- Bullish candlestick pattern ( Morning Star ).
- if it crossed the resistance level of 655. Then by the end of 2021, it may hit the target of 940
- RSI > 60
- Bollinger Band challenged
- MACD +ve cross over
- above 50 EMA
- ADX strength is Bullish
A perfect setup for swing trade.1) Taking support @ 200 EMA
2) Morning star doji after a down trend .
3) Bounced from horizontal support from which it broke out earlier on 7 DEC.
4) @ the lower end of the new channel it has formed.
5) RSI at oversold region
Target - 2445 (9%)
SL- Low of the doji
SUNPHARMA LONGSerious downtrend occurred.
Then a Morning star pattern formed even when the whole market rallied down by a lot.
Not very good RR Ratio.
For Educational Purpose Only
Endurance Tech Head and shoulder breakoutEndurance Tech Head and shoulder breakout on a weekly chart, Long Rally to Come Up
Can Take LONG Entry at CMP 1350-1370 in half of your quantity.
Then can add remaining quantity if the stock corrects to 1208-1250 levels, or you can add more if the rally continues.
It has also formed a morning star on a daily chart ,Expecting a good rally now!
It's a clear Head and shoulder breakout on a weekly chart, Ideally it should achieve a target of 1833 in SIX months.
USDCHF : LOOKING FOR GREAT LONG!USDCHF is looking for great long, Has the potential to make a move to the upside, Setup looks clear. It will make the move to the top at least & has the decent amount of RR in this trade.
Morning star pattern in a down trend.Go longA morning star pattern in a downtrend followed by rsi exaggerated bullish divergence suggests some upside move.Go long with the above mentioned target and stoploss.
