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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.
NSE:SRFLong
by praveen.bhatiya
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.
NSE:CHENNPETROLong
by praveen.bhatiya
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..
NSE:TRIDENT
by amankavi
Can Ideal AB = CD & Bullish HARAMI CROSS Combo Lift PVR ? Perfect AB II CD & AC II BD. also in length AB = CD (Approx) Pattern description with drawing on the chart. Due to -VE behavior of market, pattern may be extended to other forwarding pattern. Scnario #1 (bear side): Ext D = 1281.9 (plotted on Chart) Scnario #2 (bear side):Ext D = 1241.8 (plotted on Chart) Though my view in favor of LONG. WHY ? Look Candle Pattern : BULLISH HARAMI CROSS (Reversal pattern): Definition This is a Major BULLISH REVERSAL pattern , which is even more significant than a regular Bullish Harami . (Mentioned in ICICIPRULI CHART) The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a DOJI . Basically, the pattern is characterized by a black body followed by a DOJI that is completely inside the range of the prior black body. * " DOJI " : Also known to us as "PIN" Recognition Criteria: 1. The market is characterized by a prevailing downtrend . 2. A Blue body is observed on the first day. 3. The "DOJI" or "Bullish PIN" that is formed on the second day is completely engulfed by the body of the first day. Pattern Requirements and Flexibility: The Bullish Harami Cross consists of two candlesticks, in which the body of the first blue candlestick engulfs the body of the following DOJI. The body of the first candlestick may be short. Trader’s Behavior: A bearish mood prevails in the market, and a downtrend is in progress. The first day’s candlestick is a blue body, which further supports bearishness. However the next day, prices open higher than the close, or at the close of the preceding day. The short traders are alarmed which leads to the covering of many short positions, causing the price to rise further. Moreover, the day closes at the opening price, showing lack of decision among traders. The increasing level of indecision and uncertainty amplifies the likelihood of a trend change and cause a Reversal . Buy/Stop Loss Levels: In the Bullish Harami Cross pattern the first candlestick can be short. This causes the confirmation level to change with respect to the body length of the first candlestick: 1. If the first blue body is short, then the confirmation level will be defined as the body top of the first candlestick. 2. If the first blue body is not short, then the confirmation level will the last close or the midpoint of the blue body of the first candlestick, whichever is higher. Prices should cross above these levels for confirmation. The stop loss level is defined as the lower of the last two lows. 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. ALL Short / Medium Term LEVELS PLOTTED ON CHART. Intraday Chart as Snapshot will be Updated later, watch time-line regularly for new updates. If enriched your knowledge, Click on LIKE , to motivate me Comment appreciated. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
PLong
by DSKF16
2
Bearish Engulfing Pattern on Exide.Bearish Engulfing is a popular candlestick pattern used in technical analysis to identify potential trend reversals in the stock market. When applied to Exide Industries share, which is currently facing resistance, the Bearish Engulfing pattern suggests a potential downturn in the stock's price. The Bearish Engulfing pattern consists of two candlesticks: the first is a bullish candlestick, followed by a larger bearish candlestick. The bearish candle completely engulfs the previous bullish candle, signaling a shift in market sentiment from bullish to bearish. In the case of Exide Industries share, the presence of the Bearish Engulfing pattern implies that the stock is currently facing resistance, indicating a level at which selling pressure outweighs buying pressure. This resistance level has prevented the stock's price from moving higher, suggesting a potential reversal in the prevailing uptrend. The Bearish Engulfing pattern, coupled with resistance, suggests that traders and investors should exercise caution when considering bullish positions or holding onto existing long positions. It signifies a change in market dynamics, where bears may gain control, leading to a potential decline in the stock's price. As with any technical pattern, it is important to consider other factors such as volume, overall market conditions, and fundamental analysis before making trading or investment decisions. Traders and investors should monitor the price action and volume closely to confirm the validity of the Bearish Engulfing pattern and the resistance level to determine the future direction of Exide Industries share. NSE:EXIDEIND
NSE:EXIDEINDShort
by Abhishekkumarkamat
Time to Insured PortfolioIn ULIP & Mutual Fund there is an OPTION to change fund status Like "GROWTH" -> "BOND" & Vice-versa. In Equity there is no such Option. better to identify stocks shows reverse action. i.e act like "GROWTH" -> "BOND" Technical front: Good combination seen in "RSI" & "W%R" Candle Pattern: "BULLISH HARAMI", A bit of Study Definition This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “ pregnant ” . The black candlestick is “the mother” and the small candlestick is “the baby” . Recognition Criteria: 1. The market is characterized by a prevailing downtrend. 2. A black body (in this chart "Blue Candle") is observed on the first day. (Here Candle formed on 27th July, 2007) 3. The white body (in this chart "Green Candle") that is formed on the second day (on Last Trading 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 black candlestick engulfs the following day’s white candlestick. The first one has to be a normal or long black candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the white body should be smaller than the previous black body. Trader’s Behavior: The Bullish Harami is a sign of disparity in the market’s health . The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a black body, which further supports the bearishness. However, the next day prices open higher or at the close of the preceding day and the short traders are alarmed. This leads to the covering of many short positions, causing the price to rise further. The latecomers short the trend they missed the first time, and slow down the rise. Thus, a small white body is formed. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing. Buy/Stop Loss Levels: The confirmation level is defined as the last close or the midpoint of the first black body, whichever is higher. Prices should cross above this level for confirmation. The stop loss level is defined as the lower of the last two lows. 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. Rest plotted on Chart. Intraday Chart as Snapshot will be Updated later, watch time-line regularly for new updates. 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:ICICIPRULILong
by DSKF16
1
TATA Steel The frypan bottom occurs when small real body candlesticks slowly move downward and then move in a neutral to upward direction. The frypan bottom pattern is complete when a bullish candlestick gaps up from the rest of the candlesticks. Tata Steel Going sideways for few Days and now ready to give BO Trade only if stock is giving Gap up or gap Down Opening Targets can 1358 to 1400 for short term with Sl Below the candel Low. If share Gaps Down can sell the share with SL 1249 On closing basis.
NSE:TATASTEEL1!
by Pro_Trader_GRV