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Piercingpattern

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