SHORT IDBI, Bearish Pinbar formed signaling a reversalShort NSE:IDBI around 78-79 with a stop loss of 82-83 for first target of 70-71
Bearish Pinbar formed finally after a great rally..suggesting a reversal
Pin Bar
Long YESBANK : due to bullish pinbar at 307Long NSE:YESBANK futures at 313.80 .
my stoploss is 305.. and target 323.80+
.... will trail if it moves in my favor tomorrow.
lets see if history repeates itself or not ;)
Long SUNPHARMA : a bullish pinbar at dynamic support of 50 DEMANSE:SUNPHARMA one can go long in sunpharma as it has printed a Bullish pinbar at dynamic support of 50 DEMA. i will try try to go long around 570 for target of 590 and stoploss 560.
Short Infy :bearish pinbar at trendline of highNSE:INFY has printed a bearish pin bar looks like it will move downward . so i will go short tomorrow .
Pinbar at near term support of YESBANKNSE:YESBANK has broken support of 325-330 and today a pin bar formed at its support which converted it to resistance , so i will short yesbank tomorrow if it fails to trade above 320. my target is 305-300. So what are your view?
Engineers India - Pinbar formation. Engineers India - Pinbar formation.
But pinbar is a red candle and Pinbar is at S/R zone.
Just keep it on watchlist.
GRASIM - PIN BAR CANDLESTICK (POSITIONAL TRADE)It is been observed on Weekly chart that the price action forms a bearish pin-bar candlestick pattern indicating rejection of higher price action and seller dominance over price action. Now, it shall further move down to next support levels.
Target 1: 800
Target 2: 750
Stoploss: 880
TATA POWER - BEARISH PIN BAR CANDLESTICKSIt is been observed on daily chart that the price action forms a Bearish Pin Bar Candlestick formation indicating Buyers exhaution and Sellers taking over the price action. It shall further put the price action down to previous support levels at around 74.
Target: 74
Stoploss: 79
Kotak Bank forming Bearish PIN-BAR Pattern On hourly chart, it is been observed that the price action forms bearish Pin-Bar pattern that indicates rejection of higher prices and weakness. It also states that there is high selling pressure from sellers that shall take the price down. It is also important to note that there is a GAP on hourly chart that shall be filled during the weakness. Therefore, it will beneficial to initiate fresh shorts and covering long positions.
Target 1: 793
Stoploss: 823
Duration: 2-4 days
Divis Lab - Showing Weakness - After Formation of PINBAR CandlesIt is been observed that the selling pressure is high due to which buyers are having hard time to pick up the prices. Previously the bearishness was confirmed by the formation of PINBAR Candlesticks pattern that indicates weakness and rejection of higher prices. Therefore it is a good time to short at current levels for target 1240 Stoploss 1351
DIVIS LABS - PINBAR CANDLESTICK STRATEGYThe pinbar candlesticks indicates rejection of prices on high levels and also indicates selling pressure at resistance levels. In the above chart, 1380 -1350 acting as resistance zone where we can see rejection of prices due to high selling pressure. The prices may go down to the previous 52 Week high levels to regain buyers in the momentum and also confirmed it as a new support levels.
It is also worth to note that the previous high levels where our target is placed is at 61.8 retracement levels that also indicates the importance of the said levels.
NTPC Confirmed Bearish Pin-Bar CandlesticksThe Pin Bar Candlesticks formation indicates change in trend. If it is found near important resistance level then it signals selling pressure and rejection of prices on high level as indicated the above chart.
Therefore, it is an important formation to measure market sentiments and as per above chart it indicates high selling pressure or profit taking signals short.
Target: 154
Stoploss: 160
