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Candlestick Patterns That may help you earn profits :)These two candlesticks are the accurate candlesticks that I had found in candlestick patterns. doji is also a accurate and commonly used candlestick pattern.The momentum gainer/momentum loser candlestick is created by me.Because I found it mostly accurate. You can use this if you want. I had tested it 76 times and found it 86.73% accurate.The NSE stocks on which this candlestick was mostly accurate were(nestle,ultratech cement,glenmark pharma,shree digvijay cement and shanti gears). I keep on searching new candlesticks like this.I had researched total of 6 candlestick patterns(That I created)but this was the most accurate so I posted it for you guys:) I selected other two categories in this idea is random ignore it.
NSE:NIFTY
by Aniketyourtechnicalanalyser
16
Candlestick & Indicators TradingSwing Trade - Increase in the RSI Strength Morning Star at the key support Buy above black line SL Red Line Target Green Line There are people who likes to trade based on breakout or chart patterns only. But not all trades can be captured based on chart patterns and breakout trades are usually good for Intraday / BTST. Indicators and candlestick patterns can help to capture trade very early and can be very good for Swing or Positional Trades.
NSE:FEDERALBNKLong
by Vinay227
1
Nifty: Bullish Harami Candlestick pattern observed near SupportNifty In morning post, the importance of 20 day EMA at 15677 and 61.8% retracement around 15628 was discussed and so was the level of 15735 Nifty respected all the levels very well ( 20 day EMA on closing basis, 61.8% retracement on intraday low basis and 15738 was the high for the day)😊 - Today's closing also reflects a Bullish Harami candlestick pattern which opens up doors for some upside move (initial targets on Nifty 15804 / 15840 and further upside if closing is above 15865) ___________________________________________________________________________________________ Our strategy update Had suggested to consider selling 15 July expiry 15700 Put option when it was trading around 120. Closing price 100 Profit of 20 points so far per lot (this profit is despite Nifty being 111 points lower from levels when the trade was initiated) This is where trading strategies come in handy. It may not give exorbitant profits per trade but it surely helps in better risk management and thereby increase your probability of more winning trades. ____________________________________________________________________________________________ Like & Follow for more such ideas But don't just follow me blindly Learn to identify such opportunities independently _____________________________________________________________________________________________ Best wishes Vaibhav Deshpande
NSE:NIFTY
by indiamarketoutlook
2
Candlestick Patterns Strategy for INTRA-DAY trading.Step #1 How to Identify the ORB Nr4 The ORB pattern is defined as a trade taken at a fixed value of the opening range. The Opening range Breakout trade is more effective if taken after an inside day that has its daily range smaller than the previous 3 days, which is where the Nr4 stands for. You have three candles followed by another candle with a daily range narrower than the previous three days. Step #2: Identify the best candlestick patterns and mark the high and the low of the 4th candle When you search for the ORB Nr4 candlestick chart pattern keep in mind two things: The Daily range of the 4th candle needs to be narrow and smaller than the previous 3 candles. The 4th candle price range also needs to be inside the candle number 3. Step #3: Switch to intraday TF and Buy if we break the high, Sell if we break the low of the Nr4 candle. Step #4: Place SL below NR4 day low, Take profit using a trailing SL or 1:1
NSE:LICHSGFIN
by Fibonacci_Club
1
The candlestickUnderstand the buying and selling pressure: You see, every candlestick that is formed tells you a story about the battle between the bulls and the bears-who dominated the battle, who won at the end, who is weakening etc. All that is reflected in any candlestick you see. The length of the body of the candlestick as well as the shadow (or wick) tells you a story about the buying and selling pressure. Look at the first green candlestick on the left chart, it’s a bullish candlestick right? Yes. But you can see that it has a very short body and very long wick (tail). It tells you the sellers (bears) were dominant. If this candlestick was to form after hitting a resistance level, it will be considered a bearish signal even though it’s a bullish candlestick. Now, you can apply the same sort of logic to all the other candlesticks above and read the story each one is telling you. ⦁ If the upper wick is very long, it simple tells you that there’s a lot of selling pressure. It means price opened and got pushed higher by the buyers but then at the highest price, sellers got in and drove it back down. ⦁ If the lower wick is long, it tells you that there’s a lot of buying pressure. Sellers drove the price down but buyers got in and drove the price back up. ⦁ If the lower wick is short, it tells your there’s very minimal buying pressure. ⦁ If the upper wick is short, it tells you that there’s very minimal selling pressure. What about the length of the body of candlesticks? ⦁ The longer the body of the candle indicates very strong buying or selling pressure. ⦁ A short body of a candlestick indicates little price movement and therefore less buying or selling pressure. ⦁ Sometimes the candles will have no upper or lower shadows but with very long bodies. These are interpreted the same way as standard candlesticks but are an even stronger indication of bullish or negative market sentiment. ⦁ In the case of bullish candle, prices never decline below the open. In the case of bearish candle, price never trade above the open. See below: ⦁ Next WL – 2 …what if you combine more than one candlesticks? What does it show you?
NSE:BANKNIFTY
by SriTrader5121
Price Action Analysis with Candlesticks(Part-1) Price is the cumulative result of all market information. Hence, technical analysts use price charts and chart patterns in their market study. candlesticks have become the most popular chart type for price action analysis. we have 3 methods to identify price action with candlesticks. 1.One Price Bar (Pin Bar) 2.Two Price Bars (Inside and Outside Bar) 3. Three Price Bars (MS and ES) In this post we discussed about One Price Bar only. we can post Remaining 2 concepts later.
NSE:BANKNIFTY
by SriTrader5121
2
WaveTalks- Nifty: Piercing Candlestick PatternWhat Is a Piercing Pattern? ----------------------------------------------- A piercing pattern is a two candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. This candlestick pattern is applicable in any time frame but produces better results on a higher timeframe. The pattern includes the first session opening near the high and closing near the low with an average or larger-sized trading range. It also includes a gap down after the first session where the second session begins trading, opening near the low and closing near the high. -------------------------------------------- Important Pattern Criteria -------------------------------------------- The 2nd session close should cover at least half or 50% of the 1st session candlestick. Getting 50% & above closing into the 1st session indicates- bulls have taken control of the session. ----------------------- Stop Loss ----------------------- Stops should be maintained below low of the candlestick in 2nd session. In current situation – 17587 -------------------------------- Critical Zone -------------------------------- 17590-17600 was discussed in last video idea published as running comment. If critical zone holds then Index has fair chances for a new all-time high once again. ----------------------- Target ----------------------- Target 1- 17700 & Strictly Holding Above 17700- We can expect 17790+ for another new ATH (All-Time High) as Target 2. ---------------------------------------------------------------------------------------------------- Last Video Idea Published on 16th Sep2021- WaveTalks: Nifty- On Cloud Seven ----------------------------------------------------------------------------------------------------
NSE:NIFTY
by WaveTalks
23
Educational 16: Bullish Candlesticks It is been observed that there are some candlesticks pattern which describes the sentiment and movement of buyers and sellers in the market. It is observed that when a Green Bullish Candle with no to little wick in bottom found after a downtrend indicates a buyers come back with full dominance over price action as there will be no lower wick which means no selling pressure and just buyers dominance. This signals a buying opportunity in the market. Kindly follow the below basic criteria to get good results, A Green Bullish Candlestick with no lower wick shall come 1. After a Downtrend 2. After a Doji or Exhaustion Candle to downside 3. After Red candle 4. At major Support and Resistance Kindly share your opinion or example in the below comments in order to confirm the strength of the candlesticks Regards, Neetesh Jain
BSE:NMDC
by NeeteshJain
11
Apollotyre | Sandwich Candlestick Pattern spotted 🎯 EDUCATIONAL POST ⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕ --Buy above =244.20 or CMP --Target = 293 --Stop-loss = 225 --R:R =2.65 --Expected Profit = (20% ) --Expected Holding = 1 Months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕ 1) stock has formed sandwich candlestick pattern 2) Volume is very high 3) stock has just crossed 200 ema 4) Target is based on resistance zone at all time high 5) there is a trendline support as well Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:APOLLOTYRE
by ReviveTraders
6
Nifty: Bullish Harami Candlestick pattern Nifty CMP 13438 - On charts we observe a Bullish Harami candlestick pattern - On previous 2 occasion Nifty pulled back to at least previous highs - Will we be 3rd time lucky??? - Pattern gets invalidated if Nifty closes below 13131 Data analysis reveal Retail participants were mostly Put buyers yesterday... Market seldom obliges herd mentality of Retail traders. So be cautious... One may consider selling Nifty 13300 Put option CMP 35 For a detailed F&O data analysis report you can message me your email address in comment section below or in Private message... Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYLong
by indiamarketoutlook
12