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Rain - Monsoon BonanzaMonsoon is in flow and the scrip has also taken strong bullish ride breaking 52-week crucial resistance after block deal economictimes.indiatimes.com Although, corrections may happen due to profit booking by shorters and swing traders, The scrip can go long towards price target (mentioned in chart) as strong bullish trend can be noticed for now Not complete formation of Cup and handle pattern but atleast, reversing bottom can be seen as it is missing the handle currently :) Traders/investors can see to start trade post confirmation, after scrip crosses 134-136 price range with more bullish engulf or continuous white candlesticks Support or SL = Breakout (resistance 52-week high) or even lower, depending upon the risk appetite (Ignore the 123-resistance seen at top-right)
NSE:RAIN
by amankavi
1
We have an immediate support at 12130 levelsThe index bounced back today after correcting during the week. As mentioned that the narrow range candles have created value area which will act as resistance in the coming weeks. The weekly candlestick pattern is not very encouraging for bulls. We have an immediate support at 12130 levels, Nifty is expected to hold on to this to maintain the gains. Above this level Nifty is safe and can move up to 12340, 12410 & 12450. Nifty may face major hurdle at 12340 levels. As the budget sessions gets closer we may expect a surge in volatility and wild swings.
NSE:NIFTY
by BharatJhunjhunwala
Piercing Line Candlestick Pattern in Nifty at Support Zone.Hello Everyone, today i have brought Nifty Analysis. Nifty has formed Piercing Line Candlestick Pattern, this is called a bullish reversal pattern. Nifty has taken U turn after making low at 23842.75 and given successfully closing at 24213.30 above 24000 psychological level. I feel we can see some bullish move in nifty behalf of this candlestick pattern. If i talk about Open Interest:- Call options OI:- 2,789,700 & Put Options OI:-3,958,100 Total PCR comes:- 1.42 It is shows mildly bullish atleast we can expect Nifty above 24000 for some days, or till expiry. Okay now let me tell you all about Piercing line candlestick pattern:- What Is a Piercing Pattern? A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day 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 day where the second day begins trading, opening near the low and closing near the high. The close should also be a candlestick that covers at least half of the upward length of the previous day's red candlestick body. Key Takeaways The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend. This candle pattern typically only forecasts about five days out. Three characteristics of this pattern include a downward trend before the pattern, a gap after the first day, and a strong reversal as the second candle in the pattern. How a Piercing Pattern Works A piercing pattern features two days where the first is decidedly influenced by sellers and where the second day responds by enthusiastic buyers. This is potentially an indication that the supply of shares that market participants want to sell has been depleted somewhat, and the price has been driven down to a level where demand for buying shares has increased and been shown to be evident. This dynamic seems to be a somewhat reliable indicator of a short-term upward forecast. Piercing Pattern Formation The pattern is preceded by a downward trend in price. (This may be only a short downtrend, but if the candles appear after an upward trend in price it is not an important reversal indicator). The price gaps lower to begin the second day. (This pattern is mostly found in stocks because of their ability to have overnight gaps unlike currencies or other 24-hour trading assets. This pattern may occur in any asset class on a weekly chart, however). The second candle must close above the midpoint of the first candle. (This signifies that buyers overwhelmed sellers on this day.) The first candlestick is usually dark colored or red, signifying a down day, and the second is green or lighter colored, signifying a day that closes higher than it opened. When a trader is watching for a bullish reversal, any red candlestick followed by a white candlestick could be an alert, but the piercing pattern is a special indication because the reversal is likely unexpected for most market participants. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:NIFTYLong
by TraderRahulPal
1
Bullish Harami candlestick Pattern Seen near support zoneHello Everyone, i hope you all will be doing good in your trading and your life as well. I have brought a stock which has taken support near to important support zone and has formed bullish Harami (Pregnant Lady) candlestick pattern. Nifty is highly bullish so all the stocks giving participation in the rally, BPCL just have started. Behalf of this Harami candlestick pattern stock can react and take support in this zone and price can move upward from here. All the Targets, entry levels and the Stop loss has already mention on chart above. Please go through to know that. First let's discuss about this Bulish Harami Candlestick Pattern. Bullish Harami candlestick pattern is a price chart pattern that signals trend reversals in an ongoing bear market. Bullish Harami candlestick pattern is a two candlestick pattern in which there is a long bearish candlestick and small bullish candlestick pattern. About Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products. Presence Across Value Chain Retail (Petroleum) - The company owns 82 retail depots and operates ~20,000 retail outlets across India. Presently, it has a market share of ~26% in the domestic petroleum market. LPG - The company owns and operates 54 LPG bottling plants and serves over 6,200 distributors of LPG in India. It has a base of ~9 crore customers with a market share of 27%. Industrial/ Commercial - The company serves 8,000+ customers and provides them with a reliable supply of industrial and commercial petroleum products. Aviation - The company has 56 aviation service stations across airports in India and has a 21% market share in ATF (Aviation Turbine Fuel) in the domestic market. Lubricants - The company sells more than 400 grades of lubricant products through its own brand MAK Lubricants. It has a market share of ~25% through a base of over 18,000 customers. Gas - The company has a customer base of 55+ major LNG customers. The company undertakes this business through its wholly owned subsidiary Bharat Gas Resources Ltd which has business interest in 50 GAs (geographical areas). Market Cap ₹ 1,46,685 Cr. Current Price ₹ 338 High / Low ₹ 367 / 166 Stock P/E 7.53 Book Value ₹ 174 Dividend Yield 6.21 % ROCE 32.1 % ROE 41.9 % Face Value ₹ 10.0 Industry PE 10.4 Debt ₹ 54,599 Cr. EPS ₹ 43.9 Promoter holding 53.0 % Intrinsic Value ₹ 352 Pledged percentage 0.00 % EVEBITDA 5.25 Change in Prom Hold 0.00 % Profit Var 5Yrs 28.2 % Sales growth 5Years 8.48 % Return over 5years 7.77 % Debt to equity 0.72 Net profit ₹ 19,056 Cr. ROE 5Yr 23.0 % Profit growth -2.86 % Earnings yield 15.5 % PEG Ratio 0.27 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BPCLLong
by TraderRahulPal
4
Deep Dive: Gravestone Doji Candlestick PatternA lot of traders I have come across relied on a particular pattern for analysis: Gravestone Doji Candlestick Pattern. Meaning Gravestone Doji is a type of Doji pattern that arises when a security’s opening price, low price, and closing price are very similar. This candlestick pattern can be witnessed at the top of the chart when the security prices are at a very high point and then after which you can expect a fall in prices. Gravestone Doji is formed when the opening price of a security is almost similar to the closing price. It looks like the letter “T” that is turned upside down in which the body lies below the candlestick chart and the long shadow-like line lies above it. The same opening and closing prices indicate that there are many buyers for particular security in the market which leads to a rise in demand and hence prices are rising. The shadow line above the body indicates that security prices have reached their resistance level after which there will be a direct fall. This fall in price will lead to high selling in the day and hence the upward trend will be corrected. Now that you have understood the meaning, let’s understand Gravestone Doji’s usage. Usage of Gravestone Doji A pattern that has Gravestone in it has to be bearish, right? It is. Gravestone Doji is a bearish indicator that arises after an upward trend in security prices. The indicator is used as a sell signal. The final decision should be taken after analyzing other technical indicators such as moving average convergence divergence (MACD), Fibonacci levels, and relative strength index (RSI). Along with these indicators, you should also consider the volumes traded in the day. So far, we have spoken about the basics of Gravestone Doji. Let’s deep dive into the examples. Example of Gravestone Doji Across Trends 1. Usage in Upward Trend When the Gravestone Doji is formed after an upward trend in security prices, you can expect that prices are more likely to fall in the future. In this case, you should buy the security when the first candlestick closes just beneath the low point of the Gravestone Doji. The main idea is to sell the security in the short run just within a day. You can set a stop loss beyond the high level of the candlestick pattern. The decision should be taken after analyzing the RSI indicator to check if the security is in an overly bought situation. For example, if the RSI is 80, then it will indicate that security is over-purchased. This means that your decision is correct to sell the security because the signal of RSI aligns with the Gravestone Doji pattern. 2. Usage in Downward Trend When the Gravestone Doji is formed after a downward trend in security prices, then it does not guarantee that prices will rise. Rather than this, the prices will continue to fall further and therefore you should sell the security. In this case, you can sell the security when the first candlestick closes below the Gravestone Doji. You can set a stop loss just above the high level of the candlestick pattern. Drawbacks of Using Gravestone Doji Gravestone Doji helps you analyze past patterns in security prices on which you can predict the future but it certainly has some drawbacks which are as follows. 1. Indicate a Wrong Trend This indicator tells you that once the prices rise to a point, they will show the reverse trend and start falling but that does not happen in every situation. So, you have to wait for the next candlestick pattern and analyze some other indicators to take the best position. 2. Not Ideal for Bearish Trend Gravestone Doji only tells you about the upcoming bearish trend when the prices are rising today. It does not show the correct signal when the prices are already falling. Therefore, you should not expect that the reverse trend will happen when there is already a bearish trend. 3. Not Dependable in Some Conditions You cannot depend on this indicator in some situations like low trading volume where you cannot see a relevant pattern in security prices. Also, the pattern may vary in different markets and the time at which you are studying the security prices. 4. Not Good for Long-Term Gravestone Doji is best for short-term market positions and not for the long-term because high fluctuations are more likely to happen in the short run. Therefore, it is ideal only for day traders and not for value investors. Conclusion Gravestone Doji is a technical indicator that tells you more about a bearish trend in the future when the security prices are going up. It looks like a flipped “T” shape where the closing, opening, and low prices are almost similar. Typically used as a Sell signal, you can add indicators such as MACD on top to ensure that you’re not fooled by randomness.
NSE:NIFTY
by Dhan
GSFC- Magical Turn below 122 & Evening Star Candlestick Pattern!From previous update- "knocked 118.80 what next?" - Any move above 122 on a sustained basis can be looked as wave-iii or warning bell- warning bell rings just below 122. Wow!- It turns just below 122 from recent high@121.50 What Next? In current scenario you have Evening Star Candlestick Pattern- 3 candlestick pattern- which indicates a bearish or sell setup & could be an early sign of reversal & likely a dip below the previous high of 107 could be expected. What is an Evening Star Candlestick Pattern? An evening star is a bearish candlestick pattern consisting of three candles that have demonstrated the following characteristics: the first bar is a large white candlestick located within an uptrend; the middle bar is a small-bodied candle, red or white, that closes above the first white bar; and, the last bar is a large red candle that opens below the middle candle and closes near the center of the first bar's body. This pattern is used by traders as an early indication the uptrend is about to reverse. Knocked 118.80- What Next? GSFC- Rocket Move Started from 107 GSFC 2016 Diary- How we moved in year 2016
NSE:GSFCShort
by WaveTalks
4
ITC will start going downwards soonTECHNICAL INDICATORS - DOUBLE TOP PATTERN : Recently NSE:ITC has formed a double top pattern indicating strong bearish potential for the stock Double top is formed when 2 consecutive peaks are formed with a dip or low between them HANGING MAN CANDLESTICK : The stock has also formed a hanging man candlestick which denotes reversal of upward trend to downward trend Hanging man is formed when a candlestick has long lower shadow and small upper body at the top STRONG SUPPORT-RESISTANCE ZONE : The stock has also taken reversal from a very strong support-resistance zone twice in the last 1 month indicating very stong momentum for the stock to go downwards PROFIT TARGET : 411 STOP LOSS : 435
NSE:ITCShort
by peace_lover
2
NIFTY : Very bearish due to forming Bearish Divergence pattern BEARISH DIVERGENCE - Market has formed a higher high on the chart whereas rsi has formed a lower high which indicates a bearish divergence pattern. This indicates upcoming market fall Bearish Divergence forms when market forms higher high & rsi forms lower high BEARISH MACD - The macd line recently crossed below the signal line inside the macd indicator forming bearish macd crossover. Market is likely to fall in the upcoming days due to this bearish signal MACD indicator is the combination of 2 lines - macd line is the difference between 26-period & 12-peroid EMA & signal line is the 9-period EMA of macd line INVERTED HAMMER CANDLESTICK - On daily timeframe NSE:NIFTY has formed a bearish candlestick pattern called "Inverted Hammer". it indicates reversal of the ongoing trend and beginning of the opposite trend ie bearish trend here. Inverted Hammer candlestick is formed when a candlestick has long upper shadow & smaller body at the bottom PROFIT TARGET - target is 23194.25 STOP LOSS - 24908.05
NSE:NIFTYShort
by peace_lover
GOLD FUTURE - BULLISH PRICE ACTIONBullish price action refers to a series of price movements and candlestick patterns in a financial market that indicate an upward or bullish trend is likely to continue or emerge. Here are some common signs of bullish price action: 1. Higher Highs : In an uptrend, each successive high should be higher than the previous one, demonstrating an upward momentum in prices. 2. Higher Lows : Similarly, each low in an uptrend should be higher than the preceding low, indicating that buyers are willing to step in at higher price levels. 3. Bullish Candlestick Patterns : Look for bullish candlestick patterns like bullish engulfing patterns, hammer, morning star, or doji reversals, which can suggest a potential shift in momentum to the upside. 4. Support and Resistance : When price breaks above a significant resistance level or a moving average, it can be a strong bullish signal. 5. Volume Increase : Increasing trading volume as prices rise is often a confirmation of a bullish trend. 6. Trendlines : Drawing an upward-sloping trendline connecting the lows can help visualize the bullish trend.
MCX:GOLD1!Long
by CA_Anand_Navander
AXIS BANK: Three Black CrowsStock has witnessed selling pressure from the previous swing resistance on the daily chart and formed a Bearish reversal candlestick pattern which is know as Three Black Crows. Prices have also broken the rising trend line established from Jun'22 low of INR 618.25 which suggest that prices may face more weakness in the coming days.Hence any retracement from the current level should be taken as selling opportunity for the downside objective of 700 zone which is fibonacci 61.8% retracement level of the previous rally. In the Three Black Crows Candlestick Pattern, all the three candles have bearish close consecutively. Each candle opens and closes progressively lower than the first. Each candlestick should have big real bodies and very small or no shadow. Trading strategy: Sell on rise near 760-770 keeping SL of 794 and look for the target of 720/694
NSE:AXISBANKShort
by TradingSutra
Why I choose Heikin Ashi Over Regular candlestick Part 2 1. The first interpretation is the color of Heikin Ashi candle. If the candle is showing Red color then it means that bears are taking control. As told earlier Heikin Ashi is Averaged candlestick if Heikin Ashi candle showing Red candle means it’s clearly indicating Selling Pressure. Same in case of Green Heikin Ashi candle its showing Bulls are in control and indicating Buying Pressure. 2. Second interpretation is about Wick/Shadow/Tail. If the candle is red and does not have UPPER wick then it's indicating huge Selling Pressure. Same is for Green Heikin Ashi candle if candle does not have a wick on LOWER side then it's indicating huge Buying Pressure. And if there is wick on both sides its indicating confusion between Bulls and Bears and we have to wait for completion of Next candle. 3. Third and most important interpretation in my view is Heikin Ashi candlestick pattern. Heikin Ashi only has two candlestick patterns first is DOJI and second one is Spinning Tops/Spinning Bottoms. If Doji or Spinning top or both appears at top one should be cautious it may be indicating Trend Reversal it may be short or long. Same in case of Doji or Spinning Bottom or both at the low indicating Trend Reversal. Now one of the most important question arises does Heikin Ashi supports Trend Lines, Indicators, Breakouts. The Answer is Yes it supports all things Trendlines, Indicators, Breakouts. One of the most interesting thing about Heikin Ashi is that as the closing price is average price and maximum indicators value calculated using closing price as a result, the chances of giving false Signal reduced. That’s it for this article I hope you will get some idea Heikin Ashi from this article. Note - > I forgot to mention one important thing next Heikin Ashi candle is always starting from the middle of the previous candle. One thing you should always keep in mind you have to Flexible while reading or analyzing chart and applying your studies. Thank You Note - This article is only for study purpose. The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
NSE:ICICIBANK
by CPR_Trader
4
Hindustan Aeronautics Ltd. (HAL) based on chart + candlestickA comprehensive breakdown of Hindustan Aeronautics Ltd. (HAL) based on chart + candlestick + technical + fundamental + industry-level analysis. - Hindustan Aeronautics Ltd. (HAL) Stock Analysis 1- Candlestick Pattern Analysis (Weekly Chart) Current Price: 4,383.6 Recent candles are showing long wicks with narrow bodies - sign of indecision between bulls and bears. Last 4- 5 weeks - mostly lower highs and lower lows = short-term bearish bias. No strong reversal candle yet (like hammer/bullish engulfing) - trend continuation possible unless support holds. 2- Chart Pattern Analysis The stock is moving inside a falling channel (descending channel) from the peak of - 5,200. This may develop into a Bullish Falling Wedge (pattern in progress). If breakout above 4,550- 4,600 zone happens - strong rally possible. If breakdown below 4,200 - risk of correction towards 3,800. 3- Swing Analysis Swing High: 5,250 Swing Low: 3,400 (recent bottom in 2024) Current swing = pullback after rejection near 4,800- 4,900 zone. Risk-reward is favorable for long-term investors around support zones (4,200- 4,000). 4- Key Levels Immediate Support: 4,200 - 4,000 - 3,800 Immediate Resistance: 4,550 - 4,900 - 5,250 Perfect Entry for Long (Investors): Between 4,000- 4,200 with stop loss below 3,800. Perfect Entry for Short (Traders): Near 4,500- 4,600 zone with target 4,200. 5- Industry Analysis (Defence & Aerospace Sector) India’s Defence sector is getting strong govt. support (Atmanirbhar Bharat, Defence production push). HAL is a PSU monopoly in aerospace & defence manufacturing (fighter jets, helicopters, engines). Order Book: Robust pipeline with 80,000+ crore confirmed + new export opportunities. Primary Market: Defence PSUs (HAL, BEL, BDL, Mazagon Dock) have outperformed broader market since 2020. Secondary Market: HAL is relatively less volatile compared to private defence companies, due to stable govt. contracts. 6- Peer Comparison (Fundamentals) Company P/E Ratio ROE Order Book Debt-Equity EPS Growth HAL - 33x 28% 80,000+ Cr 0.01 (Debt-Free) Strong BEL - 41x 23% 75,000+ Cr 0.05 Good BDL - 48x 19% 20,000+ Cr 0.03 Moderate Mazagon Dock - 32x 26% 65,000+ Cr 0.02 High 👉 HAL has- Stronger ROE than peers Debt-Free balance sheet Slightly lower P/E than BEL & BDL - fair valuation 7- Learnings for Students (Investment Perspective) - Chart patterns matter: HAL is showing a falling wedge, which is often bullish if breakout happens. - Fundamentals matter: A stock with strong order book, high ROE, and debt-free status is usually safer. -Valuation check: P/E ratio must be compared with industry average before investing. - Patience needed: Weekly charts show long-term view. Don’t panic on short-term volatility. - Sectoral push: Govt. policy & industry growth can override short-term technical weakness. Summary: HAL is currently in a consolidation/correction phase, testing strong support near 4,200. Investors: Good zone to accumulate in dips for long-term (target 5,500+ if breakout sustains). Traders: Short-term bearish bias until weekly close above 4,550. 👉Disclaimer- This analysis is for educational purposes only. Not a SEBI-registered advisory. Please do your own research or consult a financial advisor before investing. #HAL #StockMarketIndia #DefenceStocks #Investing #SwingTrading #PSUStocks #StockMarketEducation #ChartAnalysis #ValueInvesting #AtmanirbharBharat
NSE:HALLong
by Global_Growth_Mentor
JSB - Trend changing ?JSB - CURRENT PRICE : RM0.485 After finished its downtrend phase, the stock moves in sideways for 3 months (from OCTOBER 2024 until JANUARY 2025). Recently the share price starts to climbing up indicating some bullish scenario. However after a bad news related to the company published, the stock made a falling window (GAP DOWN) on 23 JANUARY 2025. Last Friday the stock managed to recover from the recent sell off and closed as a BULLISH PIERCING LINE. This shows that there is still buying interest in this stock. Based on JAPANESE CANDLESTICK CHARTING TECHNIQUES, falling window may acts as strong resistance level. In this case, RM0.500 may considered as a critical resistance level for this stock. As such, a breakout above RM0.500 , technically will trigger a buy signal at RM0.505 for CANDLESTICK traders. In conclusion, it is a pending breakout stock. ENTRY PRICE : RM0.505 TARGET : RM0.550 , RM0.595 STOP LOSS : RM0.465 (the low of BULLISH PIERCING LINE)
MYX:JSBLong
by IMRAN_96
Tata Motors Swing Idea (Long)Tata motors has been consolidating in range for last two weeks. Expecting a breakout next week due t following technical reason: 1) Swing Low range are shifting upward 2) Inside bar candlestick pattern on weekly 3)Trading above 20 & 50 EMA On HOURLY chart 4) Break away gaps are pending to be covered 5) Bullish Spinning bottom candlestick on weekly chart (Note: I am neither responsible for anyone's profit or loss nor I am a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:TATAMOTORSLong
by GauravPrasad_GP
Larsen & Turbo Sept Monthly Expiry Expecting some momentum due to September month expiry closing in larsen & tourbo due to following reason 1) Long wicks currently indicating sellers are in control 2) Shooting star candlestick 3) Inside bar Candlestick pattern (Whichever side it breaks this will be directional) 4) Since monthly expiry expecting some momentum (Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:LTShort
by GauravPrasad_GP