Priceactiontrading
hdfcAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
Rising wedge pattern reversal in ZEEL.ZEEL
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Rising wedge Pattern .
📊 It can give movement upto the Reversal target of above 290+.
📊There have chances of Breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong Upside rally upto above 350+.
📊 Can Go Short in this stock by placing stop loss below 260 or last swing Low.
Symmetrical triangle pattern reversal in AUBANK.AUBANK
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Reversal of symmetrical Triangle Pattern .
📈It can give movement upto the Reversal target of 665+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 885+.
📈 Can Go Short in this stock by placing stop loss below 665 or last swing low.
📈 After breakout this can give risk:reward up to 1:3+.
Falling wedge pattern reversal in HEROMOTOCO.On 1h Time Frame Stock Showing Reversal Of Falling wedge Pattern It can give movement upto reversal target of 2640+. There have chances of breakout of resistance level too after breakout of resistance level this stock can gives strong upside rally upto 2900+.
Bullish and Bearish Harami candles concept Educational Post
Bullish Harami
Bullish Harami is candle stick pattern which shows counter attack by bull on bear entering the support zone.
Significance of candle stick pattern is at support level of charts.
Bullish(Green) candle should gap up from close of bearish(Red) candle and close should be above the median of bearish(red) candle with volume.
Bearish Harami
Bearish Harami is candle stick pattern which shows counter attack by Bear on bulls entering the resistance zone.
Significance of candle stick pattern is at resistance level of charts.
Bearish(red) candle should gap down from close of bullish(green) candle and close should be below the median of bull(green) candle with volume.
If you like the post,Please follow,like and share it.
Happy Trading!!!
READY TO RALLY AGAIN ?This is Daily timeframe.
BEL have retraced and now consolidating for last 4 days in a range, it rejected to go for lower levels last day.
MFI is at 21.77 level. There is a chance that is gives a bounce and continue it's rally.
From botttom to top, it is currently at 0.38 fibonacci level.
Keeping SL just above 0.61 fibo level.
Psychology behind trade and SL :
After breakout we have witnessed good rally in BEL.
A step by step process in upmove as you can see the price action(highlighted with yellow line).
And now a retracement. It have started to sustain in a zone now, near 0.38 fibo level, drawing from the bottom where the rally began.
Show rejection yesterday to go down. It may consolidate here for a while in coming days, if eventually it comes near the 0.61 fibo level, I am planning to exit as it will then show weakness in this trend and may go down afterwards. So SL near 0.61 level.
Bullish view psychology - The upward momentum was with accumulation with steps, still it was in short span of time. Big players drived it, entered with step by step accumulating. Look at the Money Flow Index, it was above 60 level and have been sometimes to 90+ levels in the rally.
It's justifies a short term bullish view.
This is my own analysis and is for information purpose only.