Marico | Resistance Breakout & Retest The same level 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy above =402.10 or CMP
--Target = 499.30
--Stop-loss = 379
--Lot Size = 2000
--R:R = 4.3
--Expected Profit = 1,94,000₹ per lot (24 % )
--Expected Holding = 2-3 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Stock broke the strong resistance
2) retracement is also done
3) Target is based on fib. trend
4) volume is also more than enough in breakout
5) No chance of fake Breakout .as it a weekly chart
6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
Search in ideas for "CANDLESTICK"
HDFC bank | Trendline Breakdown 🎯⭕ Swing Trading opportunity ! 4hr Chart Alert !!!⭕
--short below =1429 or CMP
--Target = 1397 | 1358
--Stop-loss = 1465
--R:R =1.49
--Expected Profit = (5% )
--Expected Holding = 15 days only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) hdfc bank has given the breakdown of trendline & support & 50ems as well
2) doji candlestick pattern & big bearish candle running
3) volumes is also decent
4) rsi divergence strategy applied
Guys check out the related ideas as well, it will work really well GUARANTEED !
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JSWsteel | Tredine Break with bullish candle || 30 min NSE:JSWSTEEL
Swing Trading opportunity ! 30min Chart Alert !!!
--Buy above =364
--Target = 373
--Stop-loss = 360
--Lot Size = 2700
--R:R = 2.22
--Expected Profit = 24,000 ₹ per lot (2.47 % )
Technical Reasons to trade :- 🧢
1) jswsteel break the trendline with volume
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Uptrend Is continuing and Trendline break
4) All the possible support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will worked really well !
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#LETSTALKABOUTMARKETS - Tech MahindraTech Mahindra seems exhausted now and is not participating in the Amazing IT rally that we have seen. It can be considered the weak link in the It index even though it has given a wonderful return. Technically TechM has closed with a graveyard candlestick which indicates a reversal in the uptrend. One can enter into a short position around 870-875 with a strict SL of 910 and for a target of 800. It also has a negative RSI divergence as marked in the charts.
Do like and comment your views. This is my personal opinion and purely for educational purposes.
Coal India Open a Swing trade possibility.A morning star candlestick pattern is formed today which indicates a trend reversal. The same happened before as you can see in the round marking sections. Opportunity for a swing trade.
Buy at 123.85 or you can wait for confirmations.
Please verify it with your technical analysis also.
A swing trade with a 1:1 risk to reward ratioTrend breakout in AMBUJACEM BUY: 217.45, SL: 205, TARGET: 230
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We can see a bullish candlestick Pattern i.e piercing line pattern at the swing low also a clear breakout of trend line with a bullish candle.
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Here we can get 1:1 risk reward ratio which is a good opportunity.
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Disclaimer: Do your own analysis or consult with your financial advisor before taking any action.
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-Mohit Rajani
Bajaj Finserve Trend, Trade Setup & Candlestick Analysis !!TREND ANALYSIS & TRADE SETUP !
WAVE COUNTING !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-8 Times
EICHER MOTOR SHORT TERM VIEW This is my first view on Eicher motor. After learning from the last 1 year.
In Eicher motor one can go for short for 1 to 2 weeks.
It shows the divergence on the daily candlestick pattern.
target 1:- 18500-18400
target 2:- 17500-17300
target 3:- 16500-16300
correct me if I am wrong.
Any suggestion most welcome
thank you !!!
DCB Bank BullishWeekly Supertrend in the green = Long Term Trend Up
Daily William%R bouncing from oversold zone = Short Term Pullback Over
Stock taking support at Trendline and near 50% Fibonacci Level = Demand Zone
Bullish Engulfing Candlestick Pattern = Strong reversal sign
Buy with a stop at Rs.189.50 for a target of Rs.213 and above
Reliance Industries downfall is about to startReliance Industries which in the past 3-4 days has increase by 3-4 % continuously due to its excellent quarterly results. But the security is overbought in the market. Stock price has crossed the upper risk band, volume oscillator is decreasing and RSI has gone in the overbought zone. Last but not the least stock has given a doji candlestick on last trading day. So traders you can short RIL today around 1240 keep stoploss at 1260 and target at 1210
BANK NIFTY_TREND ANALYSISAs on 18/09/18, Bank Nifty is in downtrend as per candlestick pattern and also moving averages. Crucial Resistance level is 26644.36 and crucial support is 26363.54. If it breaks 26390 then sell bank nifty for target 26302/26131/26041 with stoploss 26500. Also, Bank Nifty is forming bearish engulfing in monthly time frame.
Escorts Weekly ChartNSE:ESCORTS
As We can see Escorts had a Top around 750-770 levels where it formed a Bearish Engulfing Pattern(Marked Area).
Now at the same Area It made a Reversal Candlestick Pattern called Shooting Star(Marked Area) with Volumes above Average.
That Pattern is also called "Falling of the Roof(Steve Nison)" which touches targets in fast momentum.
Risk:Reward looks favorable.
So Entry Should be taken below Shooting Star Candle's Low with a close above it as Stoploss and Recent Low as Target.
See chart for better understanding.
Sell Below 720-718 Area With SL of 790 (Closing Basis) and Target of 610-630 Area
Nifty50 -15mins -Spinning top
Spinning Top Candlesticks
A spinning top occurring at the peak of an uptrend can signify that the bullish is losing track and the trend is about to reverse. However, when a spinning top is at the base of a downtrend, it is a sign that the bearish is losing control, and the bullish may take control
nifty future intraday given breakdown below 16700nifty future in 15 min chart had multiple resistance near 16750--800
highest OI was at 16700
Bulls struggled nearly 3 hrs to sustain abv 16700 and than given up...
Given move of nearly 200++ points on down side...
Reading the cadlestick pattern will give u good LRHR TRADES for intraday..
keep learning candlesticks and chart pattern...
Regularly posting few pattern charts for educationl purpose...
Titan... pin bar & double top intradayTitan pin bar and double top intraday given a free fall from 2380 to 2325
During the intraday if one develops the habit of reading candlesticks and patterns
than the dependency on indicator will reduce and more clear picture of movement can be seen
without confusion
loading of many indicators makes difficult to take action..
keep your chart clean and neat... load only needed information which makes you comfertable while trading..
views are just for EDUCATIONAL...