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TVSMOTOR, 1D forms Bearish EngulfingNSE:TVSMOTOR TVS Motor Company is an Indian multinational motorcycle manufacturer headquartered in Chennai. It is the third-largest motorcycle company in India in terms of revenue. The company has annual sales of three million units and an annual production capacity of over four million vehicles. TVSMotor formed Bearish engulfing candlestick pattern after an uptrend on daily timeframe and gave closing below that candlestick pattern. Entry : 1454.4 Target : 1386 SL : 1502 RR : 1.44
NSE:TVSMOTORShort
by Safwan65
GRASIM: Evening Star with ResistanceStock has formed a reversal candlestick pattern which is known as Evening Star on weekly time frame. Also there is a horizontal resistance which suggests that the trend developed from the bottom of 1274 is exhausted and stock is ready to turn from the current level. In the Evening Star Candlestick Pattern, the first candle closes bullish and the second candle closes with a small range and, the third candle closes aggressively lower (more than 50% of the first candle). Evening Star Explanation: In the Evening star candlestick pattern, the first candle shows the buyers are dominating as the price closes higher. On the second candle, there is indecision in the market as both selling and buying pressure are in equilibrium (that's why the range of the candle is small). On the third candle, the sellers win the battle and, the price closes lower. Trading Strategy: Keeping SL of 1790 go short on current levels and look for the target of 1590/1550
NSE:GRASIMShort
by TradingSutra
No more ruling the skies of the aviation sector!! - INDIGOInterglobal Aviation (INDIGO) has shown several bearish patterns recently, indicating potential downward trends in its stock performance. Weekly : Bearish Engulfing Candlestick Pattern. Daily : Three Outside Down with very weak volume Each candlestick pattern confirms a bearish trend, suggesting a short trade. Additionally, global factors are expected to impact the aviation sector. Entry: 4425 Stop Loss: 4740 Target: Open/Mentioned. Let me know if you found this interesting. Happy trading! 😄
NSE:INDIGOShort
by Vikrant_Mighty
POWERGRID - very bearish after breaking out of double top DOUBLE TOP BREAKOUT - price of NSE:POWERGRID has recently broken out of a perfect double top pattern indicating strong downward pressure for the stock MORNING STAR CANDLESTICK - price has formed a morning star candlestick pattern at the last peak indicating bearish momentum for the stock CROSSED BELOW 200D SMA - the price has also recently crossed below 200D sma which is an indicator of strong downside pressure for the stock. TARGET - the price will go till 301.9 level
NSE:POWERGRIDShort
by peace_lover
PwtronetPetronet has been in corrective phase for last 9 months. After posting an all time high of 275 in Nov' 17, the stock has corrected almost 25% in last 9 months. Last month the stock formed a perfect Doji Star on monthly chart. This month it is likely to close above last month close which will result in Bullish Engulfing candlestick pattern. Also the stock is consistently taking support around 21 months moving average. All these technical observations indicate that the stock is likely to resume its uptrend & can move towards 300 in coming 2-3 months. So the stock can be bought in the range of 225-235 for target of 300. However if the stock closes below 219 this month, Bullish Engulfing candle will not form & candlestick analysis will get negated.
NSE:PETRONETLong
by prajfinancials
FinNifty intraday trading levels for weekly expiry 23/03/24.Finnifty has given a gap up opening and closed around the opening price forming a dragon fly doji. If there is a gap up opening, chance of filling up the gap is highdn even testing higher levels are high. Major resistance levels :- 21500, 21630 Tomorrow is the weekly expiry for the index and it has consolidated today. A trending move can be there in the index. Gap down opening in the market may take some opportunities in intraday and there can be a consolidation as today. Watch for the levels and candlestick pattern around the levels. 21350 levels has been tested many times and if there is a break out after a flat to slight gap down opening, a trending bullish move can be captured. Support levels :- 21200, 21020 Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
Deepak Nitrite – Candlestick AnalysisThe chart depicts the beautiful set up for investment / trade opportunity. Recently stock has given a breakout and retested that level with Doji , follows up with Morning Star and Three White Soldier . The volume builds up through the week and golden crossover at morning star candle clearly indicating a strength in stock. Weekly Chart From April’23, the stock in uptrend and given a descending triangle breakout with bullish effulging candle . Trade/Investment Set Up Entry above Rs 2180 ; Short term target – Rs 2320; 3months target – 24 % ; Stop Loss – below support trendline in weekly chart Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:DEEPAKNTRLong
by Indieconomic
Positional or Longterm Opportunity in BirlaSoftGo Long above 340.85 for Targets of 365.7, 390.55, 415.4, 440.25, and 465.1 with SL 316 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Harami & Bullish Hammer (marked with orange color) is formed around the 0.5 Fibonacci level. 3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up. 4. On a daily timeframe a chart pattern (Double Bottom) is formed.
NSE:BSOFTLong
by Nimish_Ghagare
2
LT - Swing Reversal with Bullish MomentumNSE: LT is closing with an strong bullish momentum candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:LTLong
by BrahmaBull31