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DLF Forming Bullish Candlesticks Pattern The price action is been trading between trendlines and forming bullish candlesticks pattern at the bottom of trendline or resistance line. For past three days, it is been falling and formed a Three black crows bullish pattern. Now, it can move up tomorrow as shown in the chart to confirm the pattern as it is also previously done. Buying pressure at resistance trendline is high enough to take prices up. In case it fails to do it then I expect there is higher selling pressure than buying of it at current levels. Lets look forward to tomorrow to unfold this mistry, any opinions are welcome. Regards
BSE:DLFLong
by NeeteshJain
6
DIVIS LABS - PINBAR CANDLESTICK STRATEGYThe pinbar candlesticks indicates rejection of prices on high levels and also indicates selling pressure at resistance levels. In the above chart, 1380 -1350 acting as resistance zone where we can see rejection of prices due to high selling pressure. The prices may go down to the previous 52 Week high levels to regain buyers in the momentum and also confirmed it as a new support levels. It is also worth to note that the previous high levels where our target is placed is at 61.8 retracement levels that also indicates the importance of the said levels.
NSE:DIVISLABShort
by NeeteshJain
Candlestick Patterns to become a Successful TraderCandlestick patterns, which are technical trading tools, have been used for centuries to predict price direction. There are various candlestick patterns used to determine price direction and momentum, including three line strike, two black gapping, three black crows, evening star, and abandoned baby. However, it’s worth noting that many signals emitted by these candlestick patterns might not work reliably in the modern electronic environment. It's the BASICS... sometimes as traders its best to stick to the basics , your trade run better when you go with the trend o the market. Bull market buys, Bear market sells.... You will see a huge difference in your results when this is done. Scalping is great but overall trend is key. The saying is set true "TREND IS YOUR FRIEND"
BSE:IDEA
by DalalStreetTrader
2
Dollar Index - candlestick analysisTVC:DXY Dollar Index candlestick analysis : 1) overwhelming weakness in dollar as equity markets rallied 2) First signs of some buying emerge, some range expansion on upside 3) but all of buying quickly gets absorbed, by strong bearish engulfing candles, immediately after each attempt by buyers to drive prices up 4) clear range expansion also visible on downside as sellers again drive prices lower with momentum 5) this is a first proper sign of accumulation, long tail candles, range of candles on downside is getting narrow, and range expansion happening on upside, sellers are loosing momentum 6) mid point of previous wide range candle is where supply starts coming in, but range of bearish candles getting formed now is lower than candles that formed previously in the same zone at 4 7) as price reaches the same level of accumulation zone at 5, we again get long tail candles, further absorption of supply 8) widest range candle we have seen on upside in the entire base region, clear demand emerging now as buyers gain strength over sellers 9) each time a bearish candle forms, it gets countered by a bullish engulfing candle right on the very next week, some tails forming in the lower region. this is clear accumulation at higher levels now, in start contrast to price action at region 2 and 3 10) Dollar is now in a HH-Hl structure, supply is getting absorbed, and we will most likely get a breakout on the upside 11) this can lead to short term correction in equity indices
TVC:DXYLong
by aarki_gg
Action/Reaction Multiple Support/Candlestick Matching Low/RSICurrently price is at multiple support. Action/Reaction set is also suggesting a reversal at this level. RSI is coming out of Oversold Zone. It has formed a reversal Matching low candlestick yesterday. All these are suggesting to buy the stock at current level and expect minimum target of 280. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
NSE:COALINDIALong
by praveen.bhatiya
2