PFC looks bullish in medium tem to long termcmp - 82.40, in monthly it is has bounced from horizontal support zone. final support at 50. In weekly regular bullish divergence and morning star pattern formed.
1st tgt - 114, 2nd tgt - 160
Morning Star
Arvind - Ready to be the starARVIND should buy above 396
Reasons for Buying
1. Stochastic oscillator
2. RSI oscillator
3. Morning Star Formation
Nifty Metal – Temporary Bottom in place ?After a long downtrend from 4300 levels, looks like Nifty Metal index NSE:CNXMETAL has managed to get some support at least temporarily at 3320 levels.
It will be interesting to see what happens at the trendline resistance which is currently around 3700 levels.
I can see a Double Bottom here with positive divergence and also a Morning Star formation.
Good opportunity to go long on metal stocks like Tata Steel, Hindustan Zinc which are showing a similar pattern, with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
IDBI going to the new heights!IDBI going to the new heights!
Go Long on IDBI Bank on monday.
Reasons for Long
1. Stocastic - Oversold
2. RSI - Oversold
3. Morning Star Formation ( Great success rate)
4. Bounced from the trend line
Any opening above
IDBI going to the new heights!IDBI going to the new heights!
Go Long on IDBI Bank on monday.
Reasons for Long
1. Stocastic - Oversold
2. RSI - Oversold
3. Morning Star Formation ( Great success rate)
4. Bounced from the trend line
Any opening above 54 can lead to 60 within 2 weeks time frame.
j&k bank looks bullish in medium termin weekly, price at horizontal channel support,
morning star candlestick pattern formed at the support zone.
with sl - 54, tgt1 - 72, tgt2 - 90
hindalco looks bullish in short termIn daily, price bounced from channel support, morning star pattern formed at the support,
sl - 230, tgt - 280
#ICICIBANK - Reversal CandidateICICIBANK has taken support near 264 which is its earlier resistance area and has formed morning star pattern. It needs to close above 272 for confirmation for trend reversal. It it sustains above 272, then 300 looks possible. Below 264, pattern failure.
#TATAELXSI - Morningstar pattern formation near imp supportTATAELXSI has morning star pattern near important support level.
#AJANTPHARM - Short-term trend reversalAJANTPHARM has formed morningstar pattern on 23rd August and has consolidated between 1180-1240 zone. Yesterday it showed breakout from that range and its a good bet for short-term upside.
#IDEA - Taken support near 77 and morning star pattern IDEA has taken support near 77 and has formed morning star pattern on daily chart.
Bharti Airtel -Morning Star-Talents/Patterns can't be hidden@398Morning Star –Talents / Patterns cannot be hidden@ 398-408
Fold your hands & say thank you to Morning Star- They will feel nice.
Talents/ Patterns cannot be hidden for long, they are like bubble or soda pop in the fizzy water.
Megha Mishra, A talented kid for the music industry is all set with her mind blowing song "Who am I" for an upcoming movie- Secret Superstar.
As talents, patterns also can’t be hidden – you feel it & It will explode. As I, felt when pattern was about to rise like the bubble in the half way session for 11th Sep2017.
What is a 'Morning Star'
A morning star is a bullish candlestick pattern that consists of three candles. The first bar is a large/small red candlestick located in a defined downtrend shown by downside arrow, the second bar is a small-bodied candle (either red or green) that closes below the first red bar, and the last bar is a large green candle that opens above the middle candle and closes near the centre of the first bar's body or above high of the 1st red candle. In later case, it suggest that bulls control the situation for that moment.
In the chart, the Morning star pattern or Meghna Mishra Talent was shown using an oval shape.
We have a channel in which price is moving & we expect price to touch 408-411 zone where 408 is the rejection zone level & 411 is the upper edge of the channel. Likely we see price testing the zone as suggested above & if you feel, it is getting resistance, don’t forget to sell for targets 398-395-390 later this week but not on emotional grounds only if you get bearish confirmation on top end/close to the channel top.
Key levels downside - 398.50
Previous Analysis - Falling from 438 to 395 - Game of Patience
nmdc looks bullish in medium term.in weekly time frame, morning star is formed at the horizontal support zone which coincides with .618 retracement of prior downtrend.
Also in daily time frame there is a breakout from downtrend channel with good volume, It seems trend reversal is done here and price should move from now on.
here sl should be - 102 (below morning star low), 1st tgt - 131 (immediate resistance) 2nd tgt - 150 (previous swing high).
tata power looks bullish over medium termprice is moving in an uptrend channel in weekly time frame.
Recently morning star candlestick formed at the channel support, and price is reversing , so 1st tgt - previous swing high - 90.5, and sl - below the channel support - around 76.7 .
Morning Star formation on Century Tex - LONGMorning Star candlestick formation on Weekly chart of Century Tex, which is giving bullish trend for short term.
It's a short term recommendation.
Trade:
Buy Above = 813
Target 1 = 906
Target 2 = 978
Stop Loss = 747
Reward Points = 165
Risk Points = 66
" Happy Trading "
