Search in ideas for "CANDLESTICK"
Is Indian I.T sector rally over? " Shooting Star Pattern" According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern).
Here, by Nifty I.T analysis I am referring to I.T stocks
Eg: NSE:TECHM , NSE:TCS
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
TCS RetracementReversal:
- Candlestick patterns, price action
- Entry: Below Last day's LOW: 2452
- Exit: Next Horizontal Support: 2348
- SL: Previous HIGH: 2536
AAPL Trading in Troubled WaterThis gap up was basically a exhaustion but due to exuberance the price moved further away despite the bearish setup but now a correction is awaiting to happen after this irrational move. Also, a bearish harami candlestick pattern has been formed on the daily chart followed by a indecisive candle and then again with a bearish candle suggesting a downtrend.
Therefore, considering all the above points, a break below the current support, as per fibonacci levels i.e 436 will initiate the trade for the targets of 430, 421, 407 with an SL of 449 on closing basis.
BankNifty: Bearish engulfing candlestick patternNSE:BANKNIFTY
Did BankNIfty form a Bearish engulfing candle? Expecting a GapDown opening tomorrow.
short nifty tommorowNifty forming a dark cloud cover candlestick pattern with RSI giving a negative divergence. So short nifty when it breaks today's low and keep stop loss at today's closing.
GOLDEN CROSS Candlestick Observed, GO LONGThe strategy goes long when the faster SMA 50 (the simple moving average of the last 50 bars) crosses above the SMA 200. Orders are closed when the SMA 50 crosses below SMA 200. The strategy does not short.
The golden cross is a technical chart pattern indicating the potential for a major rally.
NIFTY 50 botom out nice up move expected aheadNIFTY 50 made Morning Star candlestick pattern today.
as pattern is complete so next confirmation price moving above of recent top 10400 on next trading day 15 oct 2018
Maruti Suzuki ST Trade, basis candlestick pattern - Piercing Pattern: Buy: 8000 SL:7680, Target:8320
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
NIIT technologiesCandlestick pattern, negative sentiment in overall market....trade as per risk and reward ratio
LUXIND: Yeh Aaram Ki Baat Hai.....Harmonic Bullish SHARK.
Matching LOW Bullish
.... Levels & other details mentioned & plotted on Chart.
Snapshot in NSE' Chart showing "Bullish ENGULFING" in Candlestick Pattern.
Education purpose only.
BTST IN REL INFRA AUG FUTBTST IN RELINFRA
AUGUST FUTURES
MORNING STAR CANDLESTICK PATTERN
BUY@422.5
STOP@416.95
TARGET@432.5
LOT:1300
QTY:1
Bajaj Auto: Is worst is Over???"I will make scooters when Royal Enfield makes scooters": Rajiv Bajaj to Shareholders
Possibility to form "Morning DOJI Star" in candlestick Pattern.
.... Entry / Exit/ Sl mentioned in chart.
Education Purpose Only
BIOCON: Advantage of Healthy Correction after Good Result.Bullish ENGULFING in Candlestick pattern along with divergence in some momentum Indicators.
.... see levels on chart with details.
2B Reversa/Falling Wedge/Bullish Harami confirmation/Divergence The stock is showing 2B reversal at current level. It has formed falling wedge pattern and seems getting strength at lower line moreover last bars confirmed a candlestick buy. RSI is showing divergence so we can consider a buy the stock with the following details
Entry 190
SL 181
Target 205
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Small Risk, Morning Star Reversal & Divergence We can observe that the lower low made is not supported by the indicators thus forming the divergence and showing the strength. It is formed Morning Star Candlestick reversal pattern which is reasonably reliable so one can buy the stock at current level by providing the appropriate SL. We can expect the target of 1815 which offers a good Risk to Reward trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
SHRIRAMCIT: What's N.X.T... Is Bullish Reversal?Perfect Morning Star Candlestick Reversal Pattern.
Criteria, levels & rest plotted & mentioned on Chart.
Also fulfill Correction of 1.272 (Approx).
Best Long @ 2009 - @ 1997
Educational purpose Only.
PF setup confirmed by Hanging Man Price movements are being captured nicely by a down-sloping Pitchfork. Bearish Hanging Man candlestick pattern is confirmed by red candle today so one can short the stock by providing small SL of 305.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Broadening Wedge/ Morning Star Good RR TradeMorning star candlestick reversal pattern at the lower line of Broadening wedge is giving earlier sign of reversal of this down trending stock. RSI also coming back from the extreme oversold zone telling the buy, moreover the trade is available at small risk of one bar stop loss so one try his luck as under
Entry 276
SL 262
Target 311
RR Ratio 2.50
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Ducon Infratechnologies Ltd(DUCO) Bullish Harami Cross ..Ducon Infratechnologies Ltd(DUCO)
Pattern : Bullish Harami Cross Candlestick
Target 38/44/50
Trident : Evening star in motionThe scrip can go either ways. If going in bearish mode, The bears can manage to retrace the scrip back to its default surge start..
Chances of bearish reversal due to:
1) %william near overbought situation and showing downward trend although yet to see confirmation
2) Evening star candlestick pattern in play
Bulls again taking control after breakout and sudden bullish surge from head and shoulder (somewhat) pattern is required to take it to newer highs
After bullish surge continuation or even accumulation beyond entry range, Bullish run expected beyond 52-week high Resistance
Support can be taken as per risk appetite
Rest in charts..
