LAURUS LABS FORMED A MORNING STAR CANDLESTICK PATTERN
LAURUS LABS FORMED A MORNING STAR CANDLESTICK PATTERN
Bullish view as morning star pattern appeared, daily rsi pointing upwards,slight increase in volumes with previous candle.
A morning star candle was shown on reliance daily chart. can look to go long if crosses 2040. if you want 100% confirmation buy at the close of tomorrows candle should be above 2040.
TATA MOTORS formed a MORNING STAR PATTERN
COALINDIA has formed a Morning star pattern near its all-time low price levels. The volume is also expanded for the day, which is implying a bullish move from current levels. However, it might test the low of the previous major swing which is at around 120 levels. If it breaks that level, a good up move is implied. Else, it will be continuing its downward journey....
Coromandel Stuck in a 14% Range. It has come back to re-test it's support and 2 possible reversal candles(Morning Star) are seen at support. If an Close above these candles High/Body is seen then a good Upmove can be expected with a good Risk/Reward Ratio.
Morning star is a bullish chart pattern. It's formed at the end of a downtrend. A doji is formed after a clear down trend, followed by a green candle which confirms the beginning of an uptrend. Other points to consider: 1) Touched the low of the channel. 2) RSI is oversold. Target: 900 SL: 825
After a clear down trend, a Doji has formed which is followed by a green candle. All this right at a major support level (yellow line). One can go long with a target of 1400 & SL just below the green candle on a closing basis.
Morning star pattern might take place.The stock is making higher highs & lower lows with a rising trend channel also with increase in volume.Go long with a target of 21 & Stoploss when the candle closes below the trend line.
Can go long above the candles high
Ascending triangle formation in weekly chart.A kind of morning star formation with good volumes.Better to enter after the breakout.
Morning star pattern on daily chart at major support area with Rsi above 40 & cutting upwards.Targets on the chart which i feel as some resistance levels.
Probably Going upwards soon... May be it's Morning Star Pattern which indicates Upward Trend and Share will go up soon... Target : 225-230 (1-1.5months), Don't take trend based on this... Just for information and I'm not expert just learning and try to improve myself
A morning star candlestick pattern is formed today which indicates a trend reversal. The same happened before as you can see in the round marking sections. Opportunity for a swing trade. Buy at 123.85 or you can wait for confirmations. Please verify it with your technical analysis also.