Reversalpattern
MARINE ELECTRICAL TREND REVERSALThis stock is technically too weak almost near its all time low. The stock marine electrical is putting no more lower lows from a harmonic bullish bat pattern which is sign of trend reversal . Other confirmations can be a trend line breakout and higher highs higher lows formation
If anyones looking for a high rewarding low risk stock but rate of sucess is too low then this is the one to watch out for.
Expecting targets of 50% with a risk (stop loss) of 5%-6% RR of 1:10
Great setup for me to be truthfull . Ready to risk 5% for big targets
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TOP/BOTTOM REVERSAL CANDLE PATTERNSHi
Its been a while since my last post. In this post I have represented selective candlestick reversal patterns.
In a candlestick, "body" represents the distance between candle OPEN and CLOSING price. Whereas "wicks" represent the entire range of the candle from TOP to the BOTTOM.
In most of these patterns only bodies are important. There are no conditions for wicks unless specifically mentioned like in abandoned baby star and (first two candles of) shooting star pattern. In an abandoned baby star pattern the wicks of the second day should not overlap with the wicks of first and third day. But there can be wick overlapping in morning and evening stars where the condition is for bodies only.
Similarly in shooting star, the second day should not overlap with the first day (not even wicks) whereas the third day may have some overlapping.
One should always try these patterns with some sort of confirmation in the form of volume or overbought/oversold scenarios etc. While taking a trade based on these patterns one should follow money management and trade management principles.
I hope this post will update your knowledge in one way or the other.
Do not forget to like and comment (for any doubts) to encourage writing on trading view.
Regards
JJSingh
TATA MOTORS LONG INTRADAY/SWING TRADETata motors has shown some very nice bullish reversal signs from 290 support zone which has proved to form support for the stock in the past several months
1. W double bottom formation with attempt to break W neckline.
2. previous day bullish hammer followed by strong bullish candle follow up with decent volume
3. break of downtrend trend line
4. Strong bullish divergence on RSI
Trade setup
Can buy above 309 with stop loss below W double bottom neckline (around 300) for intraday/swing basis
Target 1 = 325
Target 2 = 350
Stock can even move beyond 350 to new all time highs if kept for a longer time.
Thank you for reading.
Note: this is not financial advice. This is for educational purposes only
APLAPOLLO : Reversal possible APLAPOLLO : Reversal possible
- Filtered from Strategy#2
- Volume increasing during downside
- Demand zone can start any time
- small risky, but reward would be good.
- only for Risky traders
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
TCI : Reversal possibleTCI
- Filtered from Strategy#2
- Reversal possible now
- Follow Strict SL on Closing basis.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Candle Pattern Formation In BHEL , Possible Reversal !The daily candy chart of BHEL shows a Bullish Harami candle formation near a support / demand zone . The yellow highlighted box has three candles , the small green candle or the child candle after the first red candle is the bullish harami candle. There has to be a continuous downtrend in the stock and then a small green candle within the previous red candle, makes the sellers nervous and then we may see a reversal and up move after the bullish harami candle. The buyers come back into action once they see a bullish harami post a downtrend. The bullish haram in BHEL has formed near a crucial support or demand zone , this gives a double confirmation of a possible up move and we see on today's daily chart that price has moved up confirming the reversal !
Negative divergence and then positive reversal complete.A bearish(Negative) divergence occurs when the price makes a higher high and RSI makes a lower high.
A Positive Reversal occurs When the price makes a higher low while RSI makes a lower low. Price proceeds to rise. Positive Reversals only occur in Bullish Trends. Positive reversal trendlines are drawn on lows.
Reversal Pattern - Three inside UpThe three inside up pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the
prior candle, and then another up candle that closes above the close of the second candle.
These patterns are short-term in nature, and may not always result in a significant or even minor trend change.
Consider using these patterns within the context of an overall trend. For example, use the three inside up during a pullback in an overall uptrend.
REASON -
The downtrend continues on the first candle with a large sell-off posting new lows. This discourages buyers, while sellers grow confident.
The second candle opens within the prior candle's trading range. Rather than following through to the downside, it closes higher than the prior close and the current open. This price action raises a red flag, which some short-term short sellers may use an opportunity to exit.
The third candle completes a bullish reversal, trapping remaining short-sellers and attracting those who are interested in establishing a long position.
BANKNIFTY LOOKING WEAK Try to short (downtrend & correction not yet done in the weekly chart)
1.Global crisis
2.Market sentiments
3.Data analysis
4.The gap can act as a resistance
5.supply zone
6.possible reversal zone
7.Banking sector looking weak(like high weightage stock like HDFC bank, ICICI bank.....
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss