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Piercingpattern

Nifty Analysis - Piercing pattern and Gap Analysis (Learning)Pattern formation - Piercing Divergence are positive. 1:1 target is 15786.15. Nifty high was At 15793.95 and closed at 15764. On the charts there are following gaps:- 1. 15927.45 - 16191.45 2. 16324.70 - 16481.80 3. 16487.25 - 16563.65 4. 17414.70 - 17463.10 So on the basis of these gaps and if this bullish pattern continues we may see first target of 16200. Target 2 is 16500 Target 3 16550 Target 4 17450 These are all possible targets we may see.
NSE:NIFTYLong
by sarangmv
WaveTalks-HDFC- The Connecting Moves (Wave Analysis)Short Video Outlook on HDFC ------------------------- 22nd Jan 2022 ------------------------- ------------------------------------------------------------------------------------------------------------------------------- 4th July 2021 - HDFC - WaveTalks -Pattern /Patience & Penultimate Correction which was Wave 4 Triangle. ------------------------------------------------------------------------------------------------------------------------------ ---------------------- Expectation ---------------------- Wave 5 Expected Post Penultimate Wave - Targets achieved 2650 / above 2777 - 2900+ ---------------------- Outcome ---------------------- Achieved - Wave 5 Topped at 3021 Highs in Nov 2021 ---------------------------------------------------------------------------------------- 9th Nov 2021 - HDFC -Wave 5 - What it could be unfolding ? --------------------------------------------------------------------------------------- ----------------------- Expectation ----------------------- Some kind of Topping Out Pattern Ending Wave 5 & The Impulsive Sequence Starting from 1473 Lows in March 2020 ----------------------- Outcome ----------------------- Topping Out Pattern in Wave 5 Unfolded as Ending Diagonal & Topped at 3021 Highs in Nov 2021 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------- What Next ? ----------------------- Ongoing Corrections unfolding. 2540 could be a possible short term support as it unfolds Piercing Candlestick Pattern - Reversal Pattern Rising Trendline Supports Few days of possible upside moves can be expected next as India has Budget 2022 & Break below 2541 can make stock slip & retest 2380-2400 support zone. Getting upside bounce from 2541 -partial targets to be booked at 2650 & 2750 Thanks & Have A Lovely Weekend
HLong
by WaveTalks
20
WaveTalks- Nifty: Piercing Candlestick PatternWhat Is a Piercing Pattern? ----------------------------------------------- A piercing pattern is a two candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. This candlestick pattern is applicable in any time frame but produces better results on a higher timeframe. The pattern includes the first session opening near the high and closing near the low with an average or larger-sized trading range. It also includes a gap down after the first session where the second session begins trading, opening near the low and closing near the high. -------------------------------------------- Important Pattern Criteria -------------------------------------------- The 2nd session close should cover at least half or 50% of the 1st session candlestick. Getting 50% & above closing into the 1st session indicates- bulls have taken control of the session. ----------------------- Stop Loss ----------------------- Stops should be maintained below low of the candlestick in 2nd session. In current situation – 17587 -------------------------------- Critical Zone -------------------------------- 17590-17600 was discussed in last video idea published as running comment. If critical zone holds then Index has fair chances for a new all-time high once again. ----------------------- Target ----------------------- Target 1- 17700 & Strictly Holding Above 17700- We can expect 17790+ for another new ATH (All-Time High) as Target 2. ---------------------------------------------------------------------------------------------------- Last Video Idea Published on 16th Sep2021- WaveTalks: Nifty- On Cloud Seven ----------------------------------------------------------------------------------------------------
NSE:NIFTY
by WaveTalks
23
WaveTalks - Nifty -The Piercing Pattern at 16180This short video will discuss my reasons for having bullish bias towards stock indices. False breakdown below 16180 Piercing Candlestick pattern close to 16180's - Two times Heavy weight -HDFC yet to finish final target @ 2900+ Let me know your comments. Thanks for watching the video. -------------------------------------- Last Idea on HDFC -------------------------------------- -------------------------------------- Last Video Idea on Nifty ---------------------------------------
NSE:NIFTYEducation
by WaveTalks
9
MCX Gold - Bullish Gartley + Piercing Pattern Candlestick-47550(Last - 49177 / 21:05 Hrs / 4th Dec2020) Bullish Gartley + Piercing candlestick pattern (Bullish Candlestick) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550 The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend. Three characteristics of this pattern include 1. Downward trend before the pattern, 2. Gap down after the first day, and 3. Strong reversal as the second candle in the pattern. Should cross 50% of previous downside candle -------------------------------------------------------------------------------------------------------------------------- Thanks
MCX:GOLD1!Education
by WaveTalks
4