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Reversal

TATA MOTORS DVR - Long term Bullish1. Bull Flag Pattern formed... 2. Long-term Bullish trend 3. When it breaches the resistance will go upward direction... waiting for the market correction. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
TLong
by ravi15684
Buying Climax: What, Why and HowBuying Climax: is a situation on the chart that represents ‘exhaustion’. This is the sharpest upward price surge where the last set of buyers enter the stock, thinking that the stock is going to the moon and never look back. This also reflects ‘Greed’ entering in to the stock. Investors who bought at the lower prices, during accumulation, take it as an opportunity to exit from the stock. Therefore, it represents those pre-conditions that lead to price correction. The climax is associated with very wide range up bars/candles with exceptional volumes, followed by supply in most cases. I will take up the case of Dr. Reddy with no particular reason but as a good example that just came in front of me and I thought it will be a good idea to share with the trading community what a climactic action looks like. Dr. Reddy had been in a downtrend between Oct2015 to Aug2017. It then consolidated for more than 2years before it decisively broke out of Rs2800 supply zone in Jan-Feb2020. It retested the supply zone in Mar2020 market correction and held it as a new support. Thereafter we can observe three major breakouts seen on this weekly chart, which would help us in understanding a buying climax in a better way. At every breakout you need to observe the range of the breakout candle and the volume involved in the breakout. A good breakout needs a wider candle with a strong closing and good volume. Let us see what happened. Breakout 1 Range of the candle – 600 pts or around 18% This seems an average type of range compared to the pre-breakout candles. So nothing alarming here. Volume – Slightly higher than the average volumes. Breakout 2 Range of the candle – 600 pts or around 15% It’s also an average type of range Volume – Is very high, more than any candle in this uptrend since 2020 Breakout 3 Range of the candle – 1160 pts or around 27% This is exceptionally wide range Volume – Exceptionally high (More than 36mn). Not seen anywhere on the chart. This is buying climax. You can see that, on the very next week, there was extremely high volume on the downside. This further validates that seller have entered the market and the upside could be limited. We can draw a resistance line from this Sep2020 highs. Price corrected 25% from this resistance in the next 5-6months. Also observe the Breakout4 (Jun2021) of the resistance (vertical dotted line) Candle Range – narrow Candle volume – very low compared to previous breakouts. This is a weak breakout which could not sustain and is followed by a big supply candle. Further indication that the stock has lost steam. I hope this idea was helpful. Do like and comment for more such educational posts in the coming days.
NSE:DRREDDYEducation
by Bravetotrade
Nifty Spot Weekly Outlook 16th May to 20th May Falcon Analytics Outlook Nifty 50 for the week ( May 16 – May20 ) Technically on the daily charts we see major support on the downside for Nifty50 index lies at 15560 levels, whereas major resistance on the upside is capped around 16387 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15304/15049 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16642/16898 . Currently Nifty50 index is trading Below 200 day EMA @ 16819 suggests long term trend is Bearish . Falcon Analytics predicts range for the week is seen from 15049 on downside and 16642 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 16898 RESISTANCE 3: 16642 RESISTANCE 2: 16387 RESISTANCE 1: 16229 WEEKLY PIVOT LEVELS: 15973 SUPPORT 1: 15718 SUPPORT 2: 15560 SUPPORT 3: 15304 SUPPORT 4: 15049 All above views for education purpose only. Regards, MD .
NSE:NIFTYShort
by miraldesai
2
Nifty PRZ trade plan.Nifty formed a base on 9.5.2022 and has re-tested that base thrice. It gave a good bullish move after that and is trading around previous day high. The overall sentiment and trend of the market is still bearish. Also Nifty has formed a BEARISH DEEP CRAB formation and the PRZ level comes around 16450 . One can take a bearish trade once Nifty touches 16450 with a SL of 16485 on a 15 mins closing basis. The reason for the SL is that 16478 is the SL for the harmonic pattern and 16484 is the high of 6.5.2022. One can keep the the following targets according to Fibonacci :- T1 - 16404 T2 - 16375 T3 - 16352
NSE:NIFTYShort
by pareshdevnani
ORIENT GREEN POWER CO LTD --- DOUBLE BOTTOM ORIENT GREEN POWER CO LTD- DAILY CHART 1. Trendline breakout seen on daily chart recently 2. Triangle pattern breakout also can seen on chart 3. Double bottom formation seen, where both double bottom candles are hammer candle, 4. After hammer candle last closing candle is bullish green which confirm double bottom and trend reversal to bullish 5. wave trend also seen double bottom formation on oversold line 6. Double Bottom form at 200 SMA support line that is also bullish indication of trend reversal RISK FACTOR. * Currently % price band ( 5% circuit limit in NSE/BSE) in such case stock can go either one way parabolic form . stop loss should be strictly placed .. profit booking trailing stop loss method more useful. BUY ORIENT GREEN POWER CO LTD @ 11.65 TARGET 15-18 stop loss 8 @@ THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk HAPPY TRADING. !!
NSE:GREENPOWERLong
by champtrade111
Expecting Good ReversalNSE:CARTRADE High probablity setup in CarTrade. Stock is in Good Uptrend and tring to break the Resistance. The Drastic fall Since the IPO might reverse from here Reason of the Very disappointing performance of the company was truly its Weak Fundamentals. As the Company has improved over its Fundamentals I expect a good growth into it. This is what I think is Attracting Investors into it. if the Stocks Closes above 660 then I expect it to Further move towards 700-760 NOTE - THE ABOVE IDEA IS MY PERSONAL VIEW PLEASE MAKE YOUR OWN RESEARCH TOO. Happy Investing....!!!
NSE:CARTRADELong
by Arshad_Khatib
LALPATHLABWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:LALPATHLAB1!Long
by Rvkachhadiya
Long Term Debt free FMCG Stock This stock was in downtrend after July 2021 because FII & DII are selling there stake also profit booking as stock has given good return more then 100% in a 1 year. Bajaj Consumer is a very Old company. It is Debt Free. It is one of the best stock in FMCG sector. Right Now stock trading between 175-180. In march 2022 ending & April 2022 first week during this period the volume has been increase so may be new buyers are buying this stock. So There is good chances that within few months this stock can give 20-25% in short term, while in long term this can give return of more then 30-40%. On daily time frame the stock in trading above 50 EMA, in short term this stock will trade above 200 EMA so there is good chances that this stock can give a good return. Target Price is mention in chart. This is just for educational purpose. Happy Trading :)
NSE:BAJAJCONLong
by snehalpatel1