BUY SRTRANSFN- TARGET MENTIONED ON CHART
- TRADING ON A TREND LINE
- BULLISH CANDLESTICK PATTERN SUPPORTS THE CALL.
Search in ideas for "CANDLESTICK"
Bajaj Finance: Morning trade recommendation analysisBajaj Finance was recommended as a short candidate in morning
The pattern we observed in morning 5 minute candlestick chart is called Bearish Dark Cloud Cover . ...
If you translate that in Hindi, "Kaale Baadal Chha Gaye hai" ;-)
The dialogue says it all, what to expect next, isn't it.??
The dialogue is used to depict not so good things to expect. So In Market what is not so good thing to expect...???
The answer is simple, it means the stock is poised to fall, and that is precisely what we have seen today and made the most from it...
So when ever you see this pattern, remember it is a sign to be cautious...
Do not just follow but learn from it as well...!!!
Happy learning...!!!
Maruti: On road to some recoveryMaruti
Cmp 5126
On daily charts we observe 3 white soldiers candlestick pattern
Any dips towards 5080-5050 may be considered as entry opportunity
Target 5350 / 5575 / 5633 / 5820
SL Short term traders can keep SL @ 4980
Medium term play ( target 5620) - SL if closing below 4820
---------------------------------------------------------------------------------------------------------------------
Alternatively, consider selling Maruti 25 June 2020 expiry 4800 Put option between 150 - 180
Max profit potential in strategy Rs 15000/- to Rs 18000/- per lot.
ROI potential of 12-14.4%
Take care & safe trading...!!!
Bharat Bijlee - ShortBharat Bijlee has Double Top near 717 and Its has bearish candlestick patterns with inverted hammer and Three black crows.
He the script is good to short if goes below : 650.
SL - 720
Target 1 - 615
Target 2 - 580
Target 3 - 545
Disclaimer: Kindly do your own analysis before executing the trade
BHARTI AIRTEL - INSIDE BAR CANDLESTICK PATTERNAS PER BASICS OF INSIDE BAR CANDLESTICK PATTERN
BUY BHARTIARTL ABOVE 513 FOR THE TARGET OF 530
AND
SELL BHARTIARTL BELOW 497 FOR THE TARGET OF 480.
AS PER CURRENT CHART CONDITION, I WOULD STAY OF BULLISH SIDE UNLESS MARKET TAKES AN UNEXPECTED TURN.
Eris Lifesciences, Hammer Candlestick Formation on Weekly chart A fundamentally strong share made a hammer candlestick formation on weekly chart ... expecting a strong price action in the coming week
Long Straddle in VEDENTA LTD.Apply Long Straddle in VEDL as high delivery is seen in NSE Reports as traders are expecting a dividend declaration of 10% but Charts are showing a Downmove
Option Chain Data suggest Strong Resistance at 150 level and Support is at 140 level but on 1-minute charts, closing has taken place with a Hammer Candlestick which has also Penetrated psychological Resistance which shows High Bullish Sentiment.
Most Probably we may see an up move soon but to be on a safe side we are applying Long Straddle at 145 Strike
Call Premium is 3 Rupees
Put Premium is 2.45 Rupees
Call Delta is 0.55
Put Delta is -0.45
Net Delta is 0.1
We will but 1 Lot of VEDL which is 3000
Our Position's Delta will be 300
So although we want our positions to be Neutral the Hedging has lead to a Long Position but as our View is Bullish we are good to go now just let the market do its thing.
Happy Trading.....
Three Black Crows And Three White Soldiers Candlestick PatternThree Black Crows And Three White Soldiers Candlestick Pattern And falling wedge pattern breakout
Falling Wedge/Takuri Line Reversal !Takuri Candlestick at the lower line of Falling Wedge suggest a reversal and today's Green bar is confirming it. The Trade is available at small risk so one can trade like this
Entry 880
SL 868
Target 9455
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NIFTY 50 - To open at 11200 level - Selling pressure still on.Today NSE:NIFTY formed a spinning top and closed below 200 Moving Average.
Previous data suggest that at this price level, NIFTY will see a selling pressure tomorrow. Only to find support at 11160 - 11120.
Look for a strong reversal candlestick pattern at these levels and also price crossing above 200 moving average to indicate a short change in trend. Next resistance will be at 11700.
Hopefully selling pressure from the market will reduce by Friday.
P.S: Swing traders to avoid buying any positions or averaging down.
Long term traders can start buying at the support level if it respects the level and bounces back.
Berger Paint Looking BearishThere's a bearish divergence on hourly chart with Hanging Man/Doji candlestick pattern. Price is also at conjunction of Resistances ( Trendline & Horizontal). A bearish candle already closed below Hanging Man/Doji. For best confirmation of bearishness one can wait for a close below 330 which is a conjunction of both horizontal and trendline supports
WIPRO - Good Buying opportunity at 256 range!!NSE:WIPRO on a Daily chart
The current market price is at 264.20 and the candle formed on a daily chart is spinning top which clearly is an indecision candle.
Also, the price closed below 200 Moving average which clearly indicates sell. 255 is clearly strong support and if the price
reaches the level look for buying opportunity with any reversal candlestick pattern.
Look to buy when NIFTY50 is in alignment with your long position. DO not buy when NIFTY50 is bearish wait for NIFTY50 to be bullish and then you have a long position so that the reward can be more than 1:2.
Jain Irraigation : Piercing Candlestick patternJain Irrigation is forming piercing candle pattern on daily chart. Any close above 22.70 would be positive as volume on reversal is day very high. Those who wants to trade only on candlestick pattern should put stop loss below 16. CCI is also showing positive divergence on daily chart.
Strategy 1 : Buy if stock is trading above 23 during 3-3.25 p.m. stop loss 16 target open.
Strategy 2 : Those who want more confirmation can wait for RSI to cross above 30 and CCI to cross above -100.
GEPIL made Hammer candlestick pattern in monthly chartGEPIL made Hammer candlestick pattern in monthly chart.
Stock traded near trendline.
Muthoot Finance - GraveStone Doji At Channel Resistance.Moving In Upward Channel.
At Channel Resisance.
GraveStone Doji Candlestick Formed At Resistance.
Risk Reward Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
LIC HOUSING FINANCE SHORT TodayLIC Housing Finance is very likely to fall today. Stock was in downtrend from 18th January but, after taking a support at 433.5 stock reversed back and travel in a rally. Yesterday stock has given a doji candlestick pattern which suggests break in this rally and it is also proved by the increase in selling volume. So, from here it is huge probability that stock wil be bearish today. You can short LIC housing Finance around 464 if the stock opens here Target 450 Stoploss at 475.
BTST IN GRASIM FEB (FUT)BTST IN GRASIM
FEB FUT
RISING ABOVE 30 +MARABUZO CANDLESTICK PATTERN
BUY@735
STOP@730
TARGET@755
LOT:700
QTY:1
Nifty ShortNifty Formed Shooting Star Pattern on daily Candlestick Chart today(11-06-2018).
Unable to decisively break resistance 10830.
In case nifty close behind 10780 , then sell with Target 1: 10720 Target2: 10615 with SL 10850 which nifty touched today.
Intraday play on 11-06-2018 , Sell nifty once 10780 breached with target 10720.
S/R Derived from 1 day and 4 hour Charts.
WEEKLY POSITIONAL CALL-4 SAIL IN JUNE(FUT)WEEKLY POSITIONAL CALL-4
BULLISH MARABUZO CANDLESTICK PATTERN
ON WEEKLY CHART
MACD ON THE VERGE OF POSITIVE CROSSOVER
JUNE FUTURES TRADE
BUY @83.5
STOP @79.8
TARGET 1@85
TARGET 2@87.5
LOT:12000
QTY:2
BTST ON RELIANCE JUNE (FUT)BTST ON RELIANCE
JUNE FUTURES TRADE
BUY @968
STOP @958
TARGET @978
LOT:1000
QTY:2
(CROSS 200-DMA IN FUTURES CHART)
(BULLISH MARABUZO CANDLESTICK PATTERN)
break out happening , buy or go for longlupin has been on long term downtrend, today ( 8-6-18) the market is trying to break the major downtrend line, by forming engulfing patterns by candlestick on daily with good volume . we can see opportunity for buying.
