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Morningstarpattern

MUTHOOTFIN - Double Bottom, Morning Star, 200EMA support The analysis is done on daily TF hence price may take few days to few weeks 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 markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:MUTHOOTFINLong
by TradewithAditya
IGL Bouncing off at Multiple SupportsIGL is bouncing off again from its medium term support, same as it did a month and a half ago. The stock bounced off this support the last time, went to the resistance at 580 and came back to its support. The stock's price action today is indicative of a bounce again at this trend line and 200DMA support. The candle formation is also of 'morning star' type with gap up today and volume support. We are bullish on this stock and can see the price going back to 580 resistance zone.
NSE:IGLLong
by vipulmehta817
2
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
How to get 25% and more in INDIGO with Simple price action INDIGO - Swing trade key points Weekly resistance at 1800 to 1900 levels Weekly support zones at 700 to 800 levels Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is possible for 25% to the levels of 2200 Day time frame suggests an ascending pattern with good dip buying at supportive trendline as shown in the video Day time frame also makes higher lows for that purpose We will attack this higher leg and will try to extract the maximum out of the stock Risk to reward is favorable from this point and quite logical as per price action Risk is 4% ( 1650 would trigger an exit ) Rewards can be 8% that is a 1:2 RR ratio ( 1850 levels ) - As target number 1 Reward numbers 2 and 3 can be our fib extension levels on a weekly basis and trendline that would be booking profits around 2200 to 2300 levels Have a nice trading day Respect the STOPLOSS and accept what the market gives you Don't hesitate to book your losers and let the winners run until you get a better Risk to reward bet Thank you and your generous comment will only make this post beautiful :)
NSE:INDIGOLong
by Averoy_Apoorv_Analysis
12