Bounced from support zone...look for 587-590 Formed piercing candlestick pattern..
conditions needs to satisfy
1. downtrend
2. bearish candle
3. gap down
4. bullish candle
5. close above 50% of previous day's bearish candle
Search in ideas for "CANDLESTICK"
Bear ready to takeover Nifty from BullDouble Top and Bearish Engulfing candlestick pattern formed on Nifty. It is a signal for bear to takeover the nifty from bull. Fall will start from 10440 to 10396 / 10330 and possible to reach 10240. "Happy Trading"
SpiceJet : A Must Buy At Present Levels ... {Extremely Bullish}To All Members : SpiceJet seems Very Bullish On Current Scenario ... If It Closes Above 154 Rs. on Tomorrow , A Rally will Get Confirmation through Three White Shoulders Pattern {A Japanese Candlestick Pattern} ... Overall , Buy It for Targets of 180-188 Rs. ... Good Luck !!!
Nifty might give reversal candleIf closes near 175 Nifty will give
good reversal candlestick pattern
Nifty ReviewDark Cloud Cover candlestick pattern formed in Nifty daily chart and expected to give some down movement. Levels mentioned in chart.
USDINR - Mother Child Candlestick or Bullish Harami Above 64.70There is a mother child candlestick pattern or bullish harami. Once it starts moving above 64.70 & holds above that likely it could put end to INR appreciation for sometime & dollar could start moving up against rupee.
We shall look for 65.50-65.70 as the possible target zone- which I will have to come back to see whether that projection will be met. First, we need a move above 64.70 & it should hold above that level.
Fall was too impulsive from 68.35 so Indian Markets jumped like a rocket.
Previous Update- Can Rupee Capsule power Nifty & BankNifty
Tatapower SHORT Doji Star confirmation RSIWhite candlestick followed by a Doji with a gap up at the opening formed bearish Doji Star(on 29.03), which gave confirmation yesterday. RSI is telling the stock is in oversold zone and running out of stream. Moreover there is possibility of trend reversal which is quite often after forming 5 pivots but that needs confirmation yet. One can short the stock by providing stop loss little above the recent high so a low risk trade.
RPOWER - STARTING A NEW WAVE It is been observed that the price action is consolidating in a sideway correction and now, it has formed a bullish candlestick pattern indicating a bullish move ahead. It shall be a starting of another new wave or rally to upside.
Short Term:
Target: 44.50
Stoploss: 42.50
Mid-term:
Target: 50
Stoploss: 42
Regards
GRASIM - PIN BAR CANDLESTICK (POSITIONAL TRADE)It is been observed on Weekly chart that the price action forms a bearish pin-bar candlestick pattern indicating rejection of higher price action and seller dominance over price action. Now, it shall further move down to next support levels.
Target 1: 800
Target 2: 750
Stoploss: 880
Bank Nifty @ Do-or-Die Level* Do-or-Die level is 18,100 (Green line)
* Bearish Candlestick @ 23.6% Fib retracement
* Andrew's Pitchfork
Bears can go short on break below 18,100
OrientBank - Big Red CandlestickIt is been observed that the price action formed a big red candlestick without much wick on daily chart, indicating complete dominance of sellers. It shall further take the price action down to next support levels.
Target: 115
Stoploss: 128
Bata India- To reach 1750 in the next few daysMy analysis is only for my learning purposes. I am just charting student.
Axis Bank- Very good structure- Ideal for positional tradingBanknifty as a sector is not performing, but i have a feeling that it will turn around.
Axis bank is in a very good structure and is poised for a good growth in the 3-4 months. I say it becuase of the following reasons.
1) Bank Nifty will start performing and it's only a matter of time.
2) Axis Bank is in a very good structure and is heading close to 765 Which is going to be stiff resistance as its highest that it made in Dec 2019. Once it crosses that resitance, then there will be a good uptrend.
3) Axis Bank is consolidating and is clearly evident from the low volumes.
4) it has currently taken support at weekly CPR and at POC for the last 2 months.
5) I am super bullish about the stock and have a feeling that it will cross 1000 levels in the next 3-4 months.
Please note that I am a charting student and have limited experience trading. The above is only for educational and learning purposes and also for my seniors to comment.
Asian Paints- Tgt1, Tgt2, and Tgt3 Asian paints is in an upper trend and currently in a small retracement on the back of the low volume. It has two possibilities -either move up or move down. I have a strong feeling, it won't go further down from here as:
a) It is in an established uptrend,
b) It is moving in a trend channel.
c) Currently it's taken support at weekly CPR and POC.
I am hopeful that it will meet tgt1 within the next 3-4 trading sessions.
Please note that I am a charting student and this analysis is just for my learning and educational purposes and for my seniors to comment.
Apollo Hospital- Retracement expected to 3500 levelexpecting retracement to 3500 level , will then take support at the middle trend line.
Would then trend higher and move in the trend channel as shown.
Please know that I am a charting student. This is just for my learning and educational purposes and others to comment to guide me.
Thanks,
GoDigit Breakout Target 370GoDigit has given a breakout. Short term target 370 in 1 Week. Today's trading session shows heavy buying interest.
SPARC - Weekly AnalysisIn the Weekly Chart of SPARC ,
we can see that; it is at decision making point.
Possible momentums are shown in chart.
BANSALWIRE - Weekly AnalysisIn the Weekly Chart of BANSALWIRE ,
we can see that; it has created a Inside candle.
Take a small trade by entering at 360 with SL as 345 and Go Long.
NIFTY BEARISH PATTERNOn daily chart a bearish engulf candle is created on nifty and same way on weekly chart a inverted hammer is also created. So more correction is expected on nifty. Next supported on 24100-24000. Stay cautious.
