Some Interesting patterns and sentiments developing in the oversold stock of CANFIN homes.
What 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.
Only 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.
Only 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...
1. 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...
Morning 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...
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...
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 ONGC has hit the first fibonacci level and is expected to retrace from the point since a bearish candle has formed.
HEROMOTOCO 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.
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
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 !
The stock seems to be readying for a reversal . Investors watch the 1825 levels !
The 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...
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
The stock has made classical double top pattern and broke the neckline. This simple pattern does not require any explanation however in case of doubt or your experience with it you can write in comments.
COINBASE:BTCUSD Weekly chart is primed for bullish reversal. Dragonfly Doji candlestick is a very bullish reversal indicator. MACD is about to bounce (it tends to never cross down with BTC). Stochastic RSI is setting up for an upwards crossover.
The bullish three drives pattern offers a potential reversal point for a bearish market after forming three consecutive bottoms. The symmetry is very important for this pattern and its clearly visible in this case. Although the stock has already reacted from the third bottom but yesterday news based pull back could be used to enter the stock. Entry : 69.75 Stop...