Tatamotors may show a change in trend.The stock is on crucial support may show reversal, wait for any kind of pattern before entering any trade.
Reversal
Victor Sperandeo 2B Reversal Price formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. We can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
What a Reversal :-)Perfect Long from 4th July 2018 (1. No Retracement)
Perfect Reversal (Last Retracement) seen at 10:30 am today. (2. Single Level Retracement)
Perfect Normal Sequence of color fading seen @ this last Retracment (3. Multiple Level Retracement)
See how good it looks in 5 min time frame.
Thankyou "Retracement and Reversal" for not predicting the outcome of meeting today.
RBL Bank - Perfect Up Trend today" Retracement and Reversal " showing perfect UP trend with " 1. No Retracement ".
One clear "Retracement" seen with " 2. Single Level Retracement " and then again up up up.
IDBI going to the new heights!IDBI going to the new heights!
Go Long on IDBI Bank on monday.
Reasons for Long
1. Stocastic - Oversold
2. RSI - Oversold
3. Morning Star Formation ( Great success rate)
4. Bounced from the trend line
Any opening above
Problem with RSI1. No Entry - Exit Pair
As clearly seen, RSI shows 3 OverSold or Long Entry Regions but do not show even 1 OverBought - Long Exit Regions.
Price falls after each Long Entry Regions 1 and 2. False Buy Regions.
Most of the traders have no clue on when to sell, if they buy at Entry Regions.
2. Remains in OverSold or Long Entry Regions for so long and Price is falling continuously.
As seen, entered into OverSold region @ Low of 2835 and finally came out of the region @ Low of 2808
Again, Most of the traders have no clue on when to sell, if they buy at this entry regions.
Either most of the traders will loose on profits, if at all they make or will make losses, as price is seen to be falling and no clear indication of Exit.
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Retracement and Reversal indicator
1. shows Red @ 2900 levels, RSI was not in OverBought Region.
2. does not show Green at Entry Point 1 and maintains Red. No false Buy Signals.
3. shows that this Entry Point 1 and Entry Point 2 are infact Retracements in a down trend as shown by "2. Single Level Retracement" - Gray regions.
For more about Retracement and Reversal Indicator check out details at
"Retracement and Reversal" indicator never predicts.
Bullish Divergence, Morning Star Some Interesting patterns and sentiments developing in the oversold stock of CANFIN homes.
BankNifty Goes ZoomWhat a performance by "Retracement and Reversal"!!! Crystal Clear.
Buy on around 1:15 pm @ 26500 and Zoommmmmm
Here it is how it performed in 3 min Timeframe.
"Retracement and Reversal" Never Predicts.
Granules India retracing or preparing for a reversalOnly known to future*, if this Retracement continues further its way down and gets converted to Reversal - Down Trend.
Ideally Retracements are "No New Trade Zone".
Traders who entered a LONG Position at 79 Levels would have exited at 89 Levels yesterday morning as suggested by 4th Grade Green.
*Retracement and Reversal never Predicts.
UPL Retracing UP in a Down TrendOnly known to future*, if this Retracement continues further its way up and gets converted to Reversal - Up Trend.
Wait and Watch.
*Retracement and Reversal never Predicts.
Reliance Retracing Down in an Up Trend.Only known to future*, if this Retracement continues further its way down and gets converted to Reversal - Down Trend.
Already showing lightest of GREEN in "3. Multiple Level Retracement" from 15th June - 1 pm.
*Retracement and Reversal never Predicts.
Tata Motor Retracing Up in a Down TrendOnly known to future*, if this Retracement continues further its way up and gets converted to Reversal - Up Trend.
Already showing Pink in "3. Multiple Level Retracement" from 7th June.
Ideally Retracements are "No Trade Zone".
High Risk Traders take at least some LONG positions on Pink to gain maximum from bottom. Already Green in 2H timeframe at 290 Levels.
Retracement and Reversal never Predicts.
Bajaj Fin Serv - Retracement and Reversal1. No Retracement: Buy on Green. Sell on Red.
2. Single Level Retracement: Buy on Green. Sell on Red.
are Retracement of an UpTrend and are Retracement of a DownTrend.
is Reversal from DownTrend to UpTrend and is Reversal from UpTrend to DownTrend.
3. Multiple Level Retracement: Buy on Green. Sell on Red.
For High risk Traders:
In an UpTrend Light Green is an Early Sell.
In a DownTrend Light Green is an Early Buy.
Retracement and Reversal Visual Indicator "Never Predicts". It indicates the following:
1. "Is Rising" (Greens)
2. "Is Falling" (Reds)
3. "Is Retracing in an UpTrend or DownTrend" (Grays)
4. "Is Reversing after a UpTrend or DownTrend" (Green-Gray-Red or Red-Gray-Green)
See more details at
Broadening Wedge/ Morning Star Good RR TradeMorning star candlestick reversal pattern at the lower line of Broadening wedge is giving earlier sign of reversal of this down trending stock. RSI also coming back from the extreme oversold zone telling the buy, moreover the trade is available at small risk of one bar stop loss so one try his luck as under
Entry 276
SL 262
Target 311
RR Ratio 2.50
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Bottom Fishing : Risking small amount in direction of market. Price has already made 3 down drives, now coming out of RSI oversold zone, Engulfing bar at double bottom zone today. It may not be a high probable trade but still worth risking small amount. One can expect at least thrice the reward of risk being taken. Stop Loss some ticks below the recent low on closing basis.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
BHEL-11 YEAR OLD BEAR TO TAKE ITS LAST BREATH SOON!Chart can tell you secrets but only in its language. Its up to you to understand it.
Its simple and is one for long term investors.
Everything is on the chart!
Consult your advisor before making decisions.
ONGC HITS FIRST FIBONACCI LEVELONGC
ONGC has hit the first fibonacci level and is expected to retrace from the point since a bearish candle has formed.
BEARISH REVERSAL IN HEROMOTOCORPHEROMOTOCO
Bearish engulfing pattern has been spotted at the top of a rally in heromotoco. Also, there is an immediate resistance at the same level.Both RSI and stochastic have given bearish crossovers. Stochastic lies in the overbought zone.
HDIL - Bullish Reversal In Play It has been observed that the price action firstly breaking above the downward channel and now initiating to form a higher high and higher low sequence indicating a reversal in the price action.
As per my analysis, price action shall further move up to the below targets.
T1- 45
T2- 47
SL- 40
Thanks
time to go long in ASIAN PAINTS !stock trading near weekly support and after a descent fall given some scope of rise in the last some hours of trading today !
with a stop loss @ 1090 095 range and keeping targets of 1147 , & 1170 , better stay long in the stock with a fair chance of
REVERSAL !
HDFC Bank - Caveat Emptor (Buyer beware) !!The stock seems to be readying for a reversal . Investors watch the 1825 levels !
Inverted Head and Shoulder ReversalThe stock was in downtrend and making lower low since last 2 years. It is showing sign of reversal now and formed classical inverted Head and Shoulder pattern. It has broken the neckline significantly and also short term trend line. One can conclude that that it wants to go up now. Recent budget reaction provides an opportunity to accumulate the stock for investment. Short term traders can also trade the pattern on seeing some strength. RSI came out of oversold zone and currently at 50 is also confirming the decision.
On way to test resistance USDINR should test Rs 64.50 and 65 levels in coming few days which will act as major resistance zones.
Once cleared , a fresh view can be taken !
RAJIVKHATLAWALA
