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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
Reliance - Price action channel + Candlestick + RSIKey Observations from the Chart Channel Structure - Both resistance and support lines have been tested multiple times with precise reactions The most recent price action shows a strong rejection at the lower channel boundary Candlestick Formation- This month printed a textbook strong lower wick rejection candle: Long lower wick indicates buyers aggressively stepping in at support RSI Confluence- The RSI tells a compelling complementary story: Recently retested COVID-era levels (historic oversold territory) Has since established higher highs and higher lows (bullish structure) Shows positive divergence with price (RSI making HHs while price tests support)
NSE:RELIANCELong
by Averoy_Apoorv_Analysis
4
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 That Work: Myth vs. RealityCandlestick patterns have long been a favorite among technical traders. From engulfing candles to dojis and hammers, these formations aim to predict market direction based on price action. But with so many patterns and interpretations floating around, it’s important to ask: which candlestick patterns truly work—and which are overhyped? The Promise of Candlestick Patterns Candlestick patterns are used to spot potential reversals, continuations, and indecision in the market. Traders often rely on them for entry and exit points, assuming that price behaves in recognizable, repeatable ways. Popular patterns include: Bullish Engulfing : Signals a potential upward reversal. Bearish Engulfing : Suggests a possible trend shift downward. Hammer & Hanging Man : Appear at the end of trends and hint at reversals. Doji : Represents indecision; can signal a turning point when confirmed by other factors. The Reality Check While some patterns can be reliable in specific contexts, candlestick signals alone aren’t foolproof. Here's why: Lack of Context : A hammer in a strong downtrend doesn’t always mean a reversal is coming. False Signals : Markets are driven by volume, news, and macro conditions—candles can be misleading without confirmation. Overfitting : Traders often cherry-pick successful patterns in hindsight, ignoring the ones that failed. What Actually Works? Confirmation is key : Pair candlestick patterns with volume, support/resistance, or indicators like RSI or MACD. Backtesting helps : Use TradingView’s tools to test the performance of patterns over time. Context matters : Patterns work better at key levels—like after a breakout, near trendlines, or at major support zones. Conclusion Candlestick patterns are helpful, but they’re not magic. To truly make them work, you need confirmation, context, and a strong understanding of market behavior. Use them as part of your toolkit—not the entire strategy. Have you found success with candlestick patterns?
NSE:FINNIFTY1!
by Dhan
NetApp Inc shows bullish candlestick in larger timeframeNASDAQ:NTAP price action shows bullish candlestick pattern in the Monthly Chart. As well as in Weekly chart, it shows steady rejection and showing a sideways consolidating trend. Lets analyze first weekly timeframe: We can see during April'25 (Tariff Trauma weeks) the price made a low of $74, breaching down the $80 mark. But within one week it again regains back the strong, historical demand zone of $80 and continue it's upsurge towards $100. It made a recent weekly high of $102. Last 3 weeks was a consolidating around $97 to $100 level, keep on honouring the support of $97. Last week, during timid FY24-25 Q4 earnings, we can see it falls back to $94. And seen a rejection there during last trading session of Friday, 05/30 and close the week with a Dragronfly dozi candlestick pattern (albeit the body color is red). Still the bottom rejection wick and holding back $97 is a sign of 'don't give up so easily'. Whereas in monthly timeframe, it shows absolute bullishness: The April month candle was a book-perfect Dragronfly doji. This May month candle is a super bullish (sort of) Marubozu candle, even the low is above the last monthly close. It's indicates a confirmative bullishness in monthly Verdict: This NASDAQ:NTAP counter is expected to be sideways-to-bullish in coming weeks. Immediate Support levels are: $97, $89 (200 WSMA), $80. There is no reason of it getting close below $80. That's becomes the new normal Low of the counter. It's going through a typical consolidation and distribution phase for gathering new energy to resume it's upmoving in coming medium terms. Stay Invested or Keep on accumulating , specially on every dips.
NASDAQ:NTAPLong
by pradipandsuvra
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