THERE IS BEARISH ENGLUFING IN THE CLOSING CANDLE. BUT SIZE IS BIG BUT IF THE FOLLOW UP IS COMING TOMORROW THEN BUY AFTER THE RECTANGLE BCUZ ITS A RESISTANCE ZONE. AND IF ITS GIVES UPWARD BREAKOUT THEN BULLISH AS ALWAYS.
DOW THEORY IS CLEARLY VISIBLE IN THIS STOCK. WELL ENTRY COMES IN AFTER THE HORIZONTAL LINE BREAKOUT BUT ITS GOES FOR SWING. BUT IF TOMORROW YOU THE PENANT PATTERN IS BREAKING UPWARD THEN YOU CAN GO FOR 1:1 OR YOU CAN TRAIL IT TOO. BCUZ BULLISH MOVE IS STILL LEFT.
I AM BULLISH FOR BHARATI AIRTEL. BCUZ IF YOU SEE IN 1DAY TIME FRAME THERE BREAKOUT . AND IT'S SUSTAINING TOO EVEN AFTER THE TODAY'S NEWS.
IF YOU SEE TOMORROW TRIANGLE IS BREAKING UPWARD THEN WE CAN BUY FOR 1:1 FOR INTRADAY.
PLEASE BUY AFTER 9:30.
THERE IS TRIANGLE PATTERN IS FORMATION. I AM BASICALLY BULLISH IN THIS STOCK INTRADAY. IF YOU NOTICE IN CHART THEN THERE IS HAMMER IN SECOND LAST CANDLE.
IF YOU WANT BUY THEN BUY ABOVE 4268.80 LEVEL.
ITS AN ANALYSIS ONLY.
IT MAY CAN BECOME AN HIGH CONVENTIONAL TRADE. RIGHT NOW IT IS MAKING A TRIANGLE PATTERN. BUT IF WE SEE THERE IS AN BEARLISH CANDLE WHICH LEADS TO AN BEARISH ENGULFING BUT THE SIZE OF CANDLE IS TOO BIG WHICH KILLS ALL THE ENTRY & CORRECTION TOO. WE CAN SEE A PULL BACK IN THIS SETUP IF TRIANGLE BREAKS UPWARDS.
ANY PROBLEMS YOU ARE FACING RELATED TOO BROKER FOR...
THERE IS AN BREAK OUT OF TRENDLINE AT 384.30. IF TOWORROW BPCL DIDNT WITNESSES ANY GAPDOWN AND GAPUP. WE CAN TAKE ENTRY OF 1:1 TARGET FOR INTRADAY. BUT ONLY PLACE YOUR ORDER AFTER 9:30. IF YOU WANT.
BAJAJ FINSV TOOK SUPPORT AT 38% AND GIVES THREE BULLISH CANDLES BUT IT MAKES BEARLISH ENGLUFING AT THE END. IF TRIANGLE BREAKS DOWNWARDS WE CAN HAVE
SHORT POSITION. ONLY FOR 1:1 TARGET
SO THERE IS THE HIGH CONVECTION TRADE FOR U GUYS. DOW THEORY LEADING THIS PATTERN. FOR SAFE TRADERS ( YOU CAN ENTER AFTER HORIZONTAL LINE BREAKS)
FOR RISKY TRADERS ( YOU GUYS AND ENTRE AFTER THE TRIANGLE BREAKS UPWARDS)
IT'S FOR EDUCATIONAL PURPOSE. TAKE TRADE ON YOUR RISK.
