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YES BANK create Shooting StarShooting Star The Shooting Star candlestick formation is viewed as a bearish reversal candlestick pattern that typically occurs at the top of uptrends. The Shooting formation is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow, generally defined as at least twice the length of the real body. When the low and the close are the same, a bearish Shooting Star candlestick is formed and it is considered a stronger formation because the bears were able to reject the bulls completely plus the bears were able to push prices even more by closing below the opening price. The Shooting Star formation is considered less bearish, but nevertheless bearish when the open and low are roughly the same. The bears were able to counteract the bulls, but were not able to bring the price back to the price at the open. The long upper shadow of the Shooting Star implies that the market tested to find where resistance and supply was located. When the market found the area of resistance, the highs of the day, bears began to push prices lower, ending the day near the opening price. Thus, the bullish advance upward was rejected by the bears.
NSE:YESBANKShort
by Fibonacci_Club
What is price action Trading ??One of these days i see that retail traders get an advertisement of Price action trading trainer , well most of them even dont know what is going on with in the Market , i asked many of them to take up Live Trading challenge if they are so sure of the price action trading , Most never replied to my message but what they are doing is they continue to collect fees form innocent retail to tune of 30000 Per training , and retail after losing the money in stock market they end up paying the heavy fees yet the success is not even close to their investments My point is Price action is not candlestick trading , it requires meaningful understanding of trend/ Momentum and the direction of the trend , Many time the trend is making an Continuation pattern but the so called these pandits suggest to book profits or go short sell They even dont know where to begin and where the trend is end , Let me tell you what is price action in short message Its an Movement of price based on market participants interpretation , its theme of moves in trend and counter trend moves , its an indication of progressive moves in the direction of least resistance , overall its an tool that gives you the past data in order to asses future direction , its easy to be fooled by these people who try to teach you in the name of price action but they them self dont have a complete knowledge I love to post about it but it takes lots of time , One can Ping me in case you want to know more after Friday i will reply Goodluck
NSE:IGL
by ShreeKrishna_F
5
Reliable but rare Candlestick pattern : Three Stars in the South"Three Stars in the South" is one of the most reliable bullish reversal pattern but it does not form very often. Identification criteria is as under. The market is in a downtrend; The first candle is black with a long real body, long lower shadow, and no upper shadow; The second candle is black with a shorter real body and a higher low than the first candle’s low; And, the third candle is black with a short real body and no shadows and a close that’s within the high-low range of the second candle. It is ranked first in top reversal candlestics pattern by Thomas Bulkowski. Please post here if you find it.
NSE:JPASSOCIAT
by praveen.bhatiya
4
Nifty_Hanging Man_FYI GuysA hanging man is a bearish candlestick pattern that forms at the end of an uptrend. It is created when there is a significant sell-off near the market open, but buyers are able to push this stock back up so that it closes at or near the opening price. Generally, the large sell-off is seen as an early indication that the bulls (buyers) are losing control and demand for the asset is waning. The hanging man formation does not mean that the bulls have definitively lost control, but it may be an early sign that the momentum is decreasing and the direction of the asset may be getting ready to change. Hanging man formations can be more easily identified in intraday charts than daily charts and are a very popular formation used by day traders. If this pattern is found at the end of a downtrend, it is known as a "hammer".
NSE:NIFTY
by imdbesttrader
Bearish Engulfing Pattern on GNFC The Bearish Engulfing pattern has emerged on the trading chart of NSE:GNFC GNFC, signaling a potential trend reversal in this scrip. Trading View users and investors tracking GNFC will find this pattern of particular interest, as it suggests a shift in market sentiment from bullish to bearish. The Bearish Engulfing pattern is a widely recognized technical analysis tool used to identify potential reversals in an uptrend. It consists of two candlesticks: a smaller bullish candlestick followed by a larger bearish candlestick that completely engulfs the previous candle. The pattern indicates a change in control from buyers to sellers, as the bears overwhelm the bulls, potentially leading to a downward price movement. In the case of GNFC, the Bearish Engulfing pattern has materialized, with the second bearish candlestick entirely covering the preceding bullish candlestick. This development implies that selling pressure has intensified, and investors should exercise caution. Traders and investors who use Trading View can leverage this information to make informed decisions regarding their positions in GNFC. By recognizing the Bearish Engulfing pattern, they may consider potential actions such as reducing or exiting long positions, implementing short positions, or employing risk management strategies to protect their portfolios. Additionally, users can take advantage of Trading View's comprehensive charting tools and technical indicators to validate the Bearish Engulfing pattern, further enhancing their understanding and confidence in the potential trend reversal. Remember, while the Bearish Engulfing pattern is a powerful tool, it should not be viewed in isolation. Combining it with other technical analysis tools and considering fundamental factors relevant to GNFC will provide a more comprehensive view of the scrip's future price action. Trading View users tracking GNFC should monitor subsequent price movements closely to confirm the validity of the pattern and to stay updated on any emerging trends or signals that may impact their trading decisions. Please note that this description is based on historical data, and it's essential to conduct thorough research and analysis before making any investment decisions. Credit for indicator : Pro trading art Thankyou WOLFS !
NSE:GNFCShort
by Abhishekkumarkamat
VOLTAS: Is GST & Rainy Season Impact Q2 Result ?What Suggests Combination of RSI & W%R ??? where to Short & Cover plotted on Chart. Candle pattern: BEARISH HARAMI Some words about "BEARISH HARAMI": Definition : Given on Chart Recognition Criteria 1. The market is characterized by a prevailing uptrend. 2. A white body is observed on the first day. 3. The black body that is formed on the second day is completely engulfed by the body of the first day. Pattern Requirements and Flexibility The pattern consists of two candlesticks, in which the first day’s white candlestick engulfs the following day’s black candlestick. The first one should be a normal or a long white candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the black body should be smaller than the previous white body. Trader’s Behavior The Bearish Harami is a sign of disparity in the market’s health. The market is characterized by an uptrend and a bullish mood, and there is heavy buying indicated by a white body, which further supports the bullishness. However, the next day prices open lower or at the close of the preceding day and stay in a small range throughout the day, closing even lower, but still within the previous day’s body. Traders are now concerned about the strength of the market, due to this suddenly deteriorating trend. Sell/Stop Loss Levels The confirmation level is defined as the last close or the midpoint of the first white body, whichever is lower. Prices should cross below this level for confirmation. The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered. Also read: Candle pattern "Bullish HARAMI" in earlier "ICICIPRULI Post" For intraday levels Snapshot will be posted Later. Watch for more Updates & Strategy (FnO) If enriched your knowledge, Please don't forget to LIKE, SHARE . Comment appreciated. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
NSE:VOLTASShort
by DSKF16
6
Universal Cables: BEARISH LADDER TOP Along with ENGULFINGPattern sell entry @ 279.10, Confirmation if stays Below 278.70 for 30 mins. Definition: This is a five candlestick pattern that starts with three strong white candlesticks. The uptrend continues with the fourth higher close. The next day gaps lower and closes much lower than the previous day or two. This may imply a bearish reversal. Recognition Criteria: 1. The market is characterized by a prevailing uptrend. 2. Three strong white candlesticks occur much like the Three White Soldiers pattern. 3. The fourth white candlestick closes also higher but has a long lower shadow. 4. The fifth day is a strong black with an open below the previous day’s body. Pattern Requirements and Flexibility: The first three days of the Bearish Ladder Top are strong white candlesticks with consecutive higher opens and higher closes. The fourth day is a short white candlestick, but it opens lower and trades lower, leaving a long lower shadow, then closes making a new high. The fifth day is a strong black candlestick that makes a body gap with the fourth day. Trader’s Behavior: There is a considerable uptrend for some time and the bulls are happy. Then we see a good upward move. Prices start trading below the opening price and almost reaching to the new low of the previous day, but then they close at another new high. This action is a warning for the bulls telling them that the market will not go up forever. The bulls may then be forced to reevaluate their positions and they may start taking profits. This act is the reason behind the downward gap we see on the last day of the pattern and also the close is considerably lower. A trend reversal has probably occurred. However, a confirmation will still be required on the next day. Sell/Stop Loss Levels: The confirmation level is defined as the last close. Prices should cross below this level for confirmation. The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
NSE:UNIVCABLESShort
by DSKF16
COALINDIA: BULLISH LADDER BOTTOM Pattern.In UP Move @ 282.10 looks Crucial. Closing Above that Trend Reversal Confirmation. Candlestick Pattern: BULLISH LADDER BOTTOM. Pattern Details: Definition: This is a five candlestick pattern that starts with three strong black candlesticks. The downtrend continues with the fourth lower close. The next day gaps higher and closes much higher than the previous day or two. This may imply a bullish reversal. Recognition Criteria: 1. The market is characterized by a prevailing downtrend. 2. Three strong black candlesticks occur much like the Three Black Crows pattern. 3. The fourth black candlestick closes also lower but has a long upper shadow. 4. The fifth day is a strong white with an open above the previous day’s body. Pattern Requirements and Flexibility: The first three days of the Bullish Ladder Bottom are strong black candlesticks with consecutive lower opens and lower closes. The fourth day is a short black candlestick, but it opens higher and trades higher, leaving a long upper shadow, then closes making a new low. The fifth day is a strong white candlestick that makes a body gap with the fourth day. Trader’s Behavior: There is a considerable downtrend for some time and the bears are happy. Then we see a good downward move. Prices start trading above the opening price and almost reaching to the new high of the previous day, but then they close at another new low. This action is a warning for shorts telling them that the market will not go down forever. The shorts may then be forced to reevaluate their positions and they may start closing their positions on the next day if profits are good. This act is the reason behind the upward gap we see on the last day of the pattern and also the close is considerably higher. If the volume is high on the last day, a trend reversal has probably occurred. However, a confirmation will still be required on the next day. Buy/Stop Loss Levels: The confirmation level is defined as the last close. Prices should cross above this level for confirmation. The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered. Education purpose only.
NSE:COALINDIALong
by DSKF16