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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
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
BankNifty has formed a bearish candlestick on daily timeframeGood Morning Traders. Yes you heard it right, Banknifty has formed a bearish candlestick pattern on daily time frame. But i am doing this analysis now in 30 mints. Because this is Intraday purpose analysis. Anyways let's talk what had happened yesterday..and what is going to happen today?? Yesterday again we have seen Banknifty maintained higher highs and higher lows formation for yet another session, though the index lost the gains from the day's high to close flat and formed a bearish candlestick pattern on the daily time frame. Bank Nifty again tried to get back above 44500, but failed to sustain the same. It has given closing at 44495.25 . It was proper consolidation day yesterday. We might can see more consolidation between 44000-45000. As of now 44500 looks strong support zone for near term, if today again banknifty able to hold this level then we might can see Banknifty towards 44750+..Let's see what is going to happen. We will act according to price action. Important levels for Banknifty:- Support zone 44500-44300 Resistance zone 44650-44750 Buy Above 44583, if levels sustains at least for 30 Mints. Targets we can see in upside 44721/44952+ Keep stop loss at 44442 Sale below 44300, if levels sustains at least for 30 Mints. Targets we can see in downside 44153/43941 keep stop loss at 44442 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. 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:BANKNIFTY
by TraderRahulPal
{Educational} ... Fight in INFY.......! Hello Everyone ... I m going to share one of my observation , may it will help all of you for understanding one of the way in which price flows ........... Stomach Pattern Definition and Action. 1) Above Stomach Pattern •What is Above Stomach Pattern ? The above stomach pattern is a two candlestick pattern which evolves over a period of two sessions. It requires a existing downtrend and usually appears at the bottom of a downtrend. • Psychology Behind Above Stomach Pattern. The first day of the pattern, bears are still in control as we have a confirmed downtrend. Second day, price opens higher above the mid of point of previous filled candle and also closes above the mid point .This clearly indicates that sentiments have changed completely and further buying will happen in coming sessions. • How to Trade Below Stomach Pattern ? - Decision : In case of Above stomach pattern,traders should start looking for buying opportunities, buy price should be around the close price of hollow candle after the filled candle. - Stop loss : What if the market reverse its direction after printing the above stomach pattern? The lowest low of the two candles making above stomach pattern will act as stop-loss in case that happen. 2) Below Stomach Pattern • What Below Stomach Pattern ? The below stomach pattern is a two candlestick pattern which evolves over a period of two sessions. It requires a existing uptrend and usually appears at the top of a uptrend. • Psychology Behind Below Stomach Pattern The first day of the pattern, bulls are still in control as we have a confirmed uptrend. Second day, price opens lower, below the mid of point of previous hollow candle and also closes below the midpoint .This clearly indicates that sentiments have changed completely and further selling will happen in coming sessions. • How to Trade Below Stomach Pattern. - Decision : In case of Below stomach pattern,traders should start looking for selling opportunities, sell price should be around the close price of filled candle after the hollow candle. - Stop loss : What if the market reverse its direction after printing the below stomach pattern? The highest high of the two candles making below stomach pattern will act as stop-loss in case that happen. • Main Points to Consider • If it appears at support/resistance , it will make for high probability setup. • Pattern with large body works better compared to the pattern with short bodies.
NSE:INFY
by Pravins333
Tata Motors - Hammer CandlestickWe have seen rounding bottom breakout in Tata Motors and then pullback and test the resistance line. The resistance line now become support line (Change of Polarity). On weekly basis we found Hammer Candlestick and if go on daily basis its Bullish Piercing. Both candlestick are good enough to indicate that price will rise from the given support level. Buy above 310 Stop Loss 273 below Target 1 355 (Shooting Star high will act as resistance) Target 2 375 (Previous Resistance) Target 3 400 (Resistance and Round Number) Final Target 480
NSE:TATAMOTORSLong
by Arvind_Share_Academy
1
RUNE/USDT time to short?RUNE/USDT has formed bearish flag pattern + It also broke support of (≈)3.274. BTC also looks bearish now, so it might be time to short RUNE/USDT after it successfully breaks support with conformations(Bearish candlestick patterns). BTC has broken its support and formed bearish engulfing candlestick pattern in daily chart(still the candle hasn't closed, so wait for it to close in 9 hours and 19 minutes), so it might break its support of (approx)29700. RUNE/USDT short entry--------> Entry price - current price (around 3.180) or upon retest (if it retests) (around 3 or 3.2) Stop loss - 3.4 Target price - 1.521, 1.300, 1.000 price might consolidate(or retest or take pullback) before crashing (Don't open any position on wick) (Don't take trades based on this idea, even I don't trade according to my idea) (Do your own analysis) (NOT A financial advice) (High chances of loss if you follow my idea)
Short
by Aayush_Ganjawala
Positional or Longterm Opportunity in Dr Reddys LabsGo Long above 4703.4 for Targets of 4944.8, 5186.2, and 5427.6 with SL 4462 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.318 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.318 Fibonacci level. 3. In addition to this the stock gave Trendline breakout. 4. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low to the recent swing high then we see stock took support from 0.618 Fibonacci level and a bullish candlestick pattern Bullish Hammer is formed around 0.618 Fibonacci level.
NSE:DRREDDYLong
by Nimish_Ghagare
Positional or Longterm Opportunity in CeatGo Long above 1161.1 for Targets of 1262.2, 1363.3, 1464.4, and 1565.5 with SL 1060 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level. 3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up. 4. On a Daily timeframe if we draw the Fibonacci retracement tool from recent swing low to recent swing high then we see stock took support from 0.618 Fibonacci level & a bullish candlestick pattern Bullish Inverted Hammer is formed around 0.618 Fibonacci level. 5. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
NSE:CEATLTDLong
by Nimish_Ghagare
Positional or Longterm Opportunity in GodrejCPGo Long above 926.1 for Targets of 981, 1035.9, and 1090.8 with SL 871.2 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level. 3. In addition to this the stock gave Trendline breakout. 4. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low to the recent swing high then we see stock took support from 0.618 Fibonacci level and a bullish candlestick pattern Bullish Hammer is formed around 0.618 Fibonacci level.
NSE:GODREJCPLong
by Nimish_Ghagare
Morning Doji Star in TCS.After the result date TCS has fallen with a gap down, since a downtrending market is in place. With a long bearish candlestick, which is followed by a Doji Star shows an indecision and gives a sign of possible trend reversal. Just like the regular Morning Star, confirmation on the third day fully supports the reversal of trend. This type of Morning Star can represent a significant reversal. Therefore it can be considered as more significant than the regular Morning Star pattern. Aggressive traders take entry above the current bullish candle and many traders enter the trade above the bearish candle of this candlestick pattern with a stoploss below the doji candle formed. My suggestion of entry is to wait for the price to give a closing above 10 EMA and RSI value above 40.
NSE:TCSLong
by anuragsahu614
Swing Opportunity in M&M FinanceGo Long above 154.6 for Targets of 160.45, 166.3, and 172.15 with SL 148.75 Reasons to go Long : 1. If we draw Fibonacci Retracement from swing low (Point A) to swing high (Point B) on a 1-day chart we see the stock took support around 0.5 Fibonacci level and moved up. 2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern (Bullish Harami) and another bullish candlestick pattern (Bullish Engulfing) around 0.5 Fibonacci level. 3. Also we can see that the stock is forming double bottom (W pattern) which is a bullish chart pattern. 4. In addition to this there is a strong demand zone (marked with a purple color ) around 0.5 Fibonacci level from which the stock is moving up. 5. Also there is a high possibility that the stock will give a trendline breakout.
NSE:M&MFINLong
by Nimish_Ghagare
4
How to trade Dragonfly Candlestick ?Hello Everyone, I have tried my best to explain, How to trade Dragonfly Candlestick pattern ? Here, most imp point to consider is the Confirmation Candle ... why? 1. Market opened Gap down and was in the down trend, which broke the major Support level of 35000. 2. Now, this broken Support level would act as Resistance Level when market tries to reverse taking support of Trend Line . 3. At the same time, there was a formation of Dragonfly Candlestick indicating a Bullish move, so we should not immediately enter into trade as soon as formation of Dragonfly or Bullish Candle ...Why ? a. We have an immediate Resistance Level of 35000. b. If we enter as soon after completion of Bullish candle (Dragonfly), then our Stop Loss would be too big ... which is not good. c. Also, the Bullish movement is not confirmed yet, so we should wait for confirmation candle. 4. Here, we see Confirmation candle breaking the immediate Resistance level and closing at the 35000 level. 5. Now, if we take trade after Closing of confirmation candle then Most Imp is Stop becomes very small compared to previous entry and we can see our target is achieved. I hope you all like my teaching. Please do share your thoughts/queries into comment section. Please give a like, it motivates me to do more and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
Ultracement - Triangle Breakout - LongHi Guys, Welcome to Thenali Views, Technical Analysis of Ultratech Cements Trading Checklist: Script Name: ULTRACEMENT Trend : Uptrend EMA: Bullish ATR Volatility: Down Time Frame Analysis: Daily Candlestick Pattern: Whether any Trend Reversal Pattern? NO Candlestick Pattern was support with good volume? Not Applicable Chart Pattern: Triangle Breakout Happened with good volume? – Yes Before Breakout Buildup (Consolidation) was happened? Resistance Retest Happened? No Support: 6703 Resistance: 6969 Buy Price: 6840 SL: 6506.40 (Daily Closing Basis) Target: 7507.20 Risk: 333.60 Reward: 667.20 Ratio: 1:2 Whether Trade is Favorable or Not? Favorable Regards Thenali Views Disclaimer: Kindly do your own analysis before executing the trade.
NSE:ULTRACEMCOLong
by Caapinves
A Perfect example of "Bearish Engulfing" (Dixon)Dixon has seen a massive uptrend and also in the upper band of RSi (80) and also formed bearish engulfing, so in short term, we can see a good correction. What is bearish engulfing? - A is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
NSE:DIXONShort
by pradumnasaraf
2
Nifty: Will Nifty hit 11000 or not??? Hanging Man Nifty Closing Price 10799 Observation - Nifty trading above the red trend line for 2nd day in a row - However a Hanging Man Candlestick pattern is observed Let us look at F&O data to analyse it further FIIs net sold 4811 contracts worth Rs 409.43 Cr. Futures data • Retail participants added 16.22K Long contracts & added 2.77K Short contracts • FIIs squared off 4.81K Long contracts & squared off 4 Short contracts • Pro traders added 1.61K Long contracts & also added 8.31K Short Contracts Call option • Retail traders added 29.21K Call Longs & added 15.17K Call shorts • FIIs added 6.2K Call Longs & added 3.31K Call short • Pro traders squared off 18.9K Call Longs & squared off 1.97K Call shorts Put option • Retail traders added 1.17 Lakhs Put Long & added 76.3K Put shorts • FIIs added 12.85K Put Long & added 12.90K Put shorts • Pro traders added 20.91K Put Long & added 60.73K Put Short contracts Retail participants were seen actively buying in Nifty Futures today as well as were active in Put Options FIIs took the opportunity to book profits. Proprietary traders although have a Net Index short position but they do have hedged their position by selling Puts. PCR is @ 1.43 (Close to levels from where risk to stay long tends to rise) - tomorrow could a crucial day of trade SGX Nifty is 80 points positive as I write, however given the Candlestick pattern, Chart set up, PCR level I would be skeptical. - If Nifty comes below the red trend line again Risk::Reward ratio to stay long would not be favorable - in that case initial Target for the set up could be 10550 levels Take care & safe trading...!!! Discliamer: - The view expressed here is my personal view - 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 - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
3
Banknifty Short Term Consolidation(2-3 Sessions)In 4 Hour CandleStick Chart , banknifty tested resistance of 26700 and pulled back. In 1 Day CandleStick Chart , Banknifty formed Shooting star + Doji Pattern. This can lead to mild Consolidation for some session. On Monday(11-06-2018) if Banknifty trades negative for 1-2 hours , then Short with target placed around near term support 26075. If Trades Positive then don't take Short trade , before initiating long wait of 26700 Breakout for 27100 Target.
NSE:BANKNIFTYShort
by subbulearnings
Bharti Airtel -Morning Star-Talents/Patterns can't be hidden@398Morning Star –Talents / Patterns cannot be hidden@ 398-408 Fold your hands & say thank you to Morning Star- They will feel nice. Talents/ Patterns cannot be hidden for long, they are like bubble or soda pop in the fizzy water. Megha Mishra, A talented kid for the music industry is all set with her mind blowing song "Who am I" for an upcoming movie- Secret Superstar. As talents, patterns also can’t be hidden – you feel it & It will explode. As I, felt when pattern was about to rise like the bubble in the half way session for 11th Sep2017. What is a 'Morning Star' A morning star is a bullish candlestick pattern that consists of three candles. The first bar is a large/small red candlestick located in a defined downtrend shown by downside arrow, the second bar is a small-bodied candle (either red or green) that closes below the first red bar, and the last bar is a large green candle that opens above the middle candle and closes near the centre of the first bar's body or above high of the 1st red candle. In later case, it suggest that bulls control the situation for that moment. In the chart, the Morning star pattern or Meghna Mishra Talent was shown using an oval shape. We have a channel in which price is moving & we expect price to touch 408-411 zone where 408 is the rejection zone level & 411 is the upper edge of the channel. Likely we see price testing the zone as suggested above & if you feel, it is getting resistance, don’t forget to sell for targets 398-395-390 later this week but not on emotional grounds only if you get bearish confirmation on top end/close to the channel top. Key levels downside - 398.50 Previous Analysis - Falling from 438 to 395 - Game of Patience
NSE:BHARTIARTLLong
by WaveTalks
12
Nifty candlestick data Hi Guys , Need some help on candlestick data . After the market closes at 3.30, there is a final candlestick data added (As per my understanding as the market closes , the execution engine still has few trades to execute , so it reports that data after the 3.30 pm tick). I wan't to know how much significance you give to this data ? On daily chart it adds a quite significance sometime to nature of candelstick especially if there is breakout or breakdown etc. Refer to 15 min nifty today's chart above , Somehow tradingview doesn't show that data on 15 min chart , but the daily chart data has that value incorporated .
NSE:NIFTY
by neneram
1