Reversalpattern
Bearish BAT pattern In Karnataka bank Karnataka bank CHART HAS COMPLETED ITS Bearish BAT pattern NOW TIME FOR REVERSAL.
I am not expert in this kind of chart ,this is my first attempt may be expert can guide/comment.
Your comments and Guidance welcome
IndiaBullRealEstate forms inverted hammer in down trend.IndiaBullRealEstate forms inverted hammer in down trend.
Which is a reversal pattern.
Risk reward ratio is best from this level.
LONG in MINDTREE on NSE (INDIA)This is weekly chart of MINDTREE (CMP @ 834.60) on NSE (INDIA) which looks good for a long trade based on following observations on the chart:
1. A horizontal line drawn on the chart has acted as resistance during April 2015 to Jan 2018 till price broke out of it on 19th Feb 2018 (marked by arrows). Now, the resistance line has turned into support as indicated on the chart. Price after deep correction has once again tested this support and showing reversal. This support line also coincides with key retracement level of 50% on Fibo as shown on the chart.
2. Stochastic RSI indicates bullish crossover in oversold zone.
Therefore, it looks a good long trade with stop below the current candle on weekly chart with immediate target of 935 (resistance above).
Happy Trading....
LONG in KOTAKBANK on NSE (INDIA)This is daily chart of KOTAKBANK (CMP : 1132.15) on NSE (INDIA). In my opinion, it's a good opportunity for a long trade. Opinion is based on following observations on the chart:
1. Support zone has been marked on the chart which is indicated by multiple supports/resistances using arrows.
2. Trendline drawn on the chart has been tested several times (marked by arrows)
3. Bullish kicker has been formed on 2nd Nov 2018 after testing support accompanied with substantial rise in volume which is a strong reversal sign.
4. RSI has taken several supports at 40 and this time also, it shows reversal from 40 accompanied with bullish kicker as mentioned in preceding point no. 3.
In view of above, it could be a long trade with Stop @ 1198 (below swing low) and immediate target could be 1180 (forthcoming resistance)
Happy trading....Your view points are valuable in cross learning.....
Tinplate : Inverted Head & Shoulders : 24% Up Side PotentialBuy Entry 200 - 205
Stop loss 168
Minimum Price Target 248
Risk to Reward 1 : 1.50
24% Up Side potential.
The Recent move is supported by Higher Volumes. (Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.)
Arvind - Ready to be the starARVIND should buy above 396
Reasons for Buying
1. Stochastic oscillator
2. RSI oscillator
3. Morning Star Formation
den network looks bullish in medium term to long termIn weekly, double bottom formed then breakout happened above neckline, also round bottom formation is in progress,
also candles are pushing the upper BB upward and BB is expanding
with a sl - 93, 1st tgt - 132, 2nd tgt - 168, long term tgt - 229
realty sector looks bullish for long termin monthly, round bottom pattern forming here, neckline comes around 600-610 level, after successful breakout 1000 is the pattern tgt.
so 1st tgt - 600, 2nd tgt - 1000, long term tgt - 1800.
so whole sector can be a 4/5 baggar in the next 8-10 years.
godawari power looks bullish in medium to long termin monthly, round bottom pattern formed and breakout happened with high volume,
with sl - 135, pattern tgt - 288, long term tgt - 370
Harmonic Patterns: Trade ExecutionNotes on the chart.
I ll try to put some examples..depends on response.
Do hit Like and comment.
Trade Safe, Be healthy.
Enjoy the weekend.
Regards
Bravetotrade
