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NIFTY TRADE SETUP FOR THE DAY-INDEX HAS MANAGED TO CROSS OVER 11240 -WHICH INDICATES THE MARKET HAS BROKEN OUT OF A 3-DAY INSIDE BAR TRADING RANGE -LAST TIME THIS EVENT HAPPEN WAS AT 9160 MARKET TRADING INSIDE A RANGE OF 9160-8820 AND AT 10755-10560 -BOTH THE TIME AFTER A BREAKOUT MARKET RALLIED FOR ATLEST 500 POINTS -11247 WAS A CRUCIAL LEVEL FOR THE INDEX IN FUTURES MARKET AND WE CONQUERED THAT -TARGET OF 11340-11410 HAVE BECOME LIVE NOW -A CROSS ABOVE THAT WILL ALLOW INDEX TO TEST 11500 -MARKET IS GETTING INTO OVERBROUGHT POSTIONS IN SMALLER TIME-FRAME -PLEASE NOTE THE TRADITIONAL WAY OF LOOKING AT RSI DOES NOT WORK I HAVE EXPLAINED ABOVE ALREADY ON WEEKLY SETUP -INTERESTING OBSERVATION DURING THIS PREVIOUS WEEK WAS INDEX IS TRADING INDEX THE BAR OF 22ND JULY -INDICATING SOONER OR LATER WE WILL HAVE A INSIDE BAR BREAKOUT -FINALLY IT DID BREAKOUT -OPEN INTEREST SETUP INDICATES BIGGER MOVE IN NIFTY FOR JULY EXPIRY -ONLY THING IS BANKNIFTY SHOULD PROVIDE SUPPORT FOR THE INDEX -CRUCIAL SUPPORT PLACED AT 11240 -CRUCIAL RESISTANCE IS PLACED AT 11400 NIFTY RESISTANCE FOR THE DAY 11342-11410-11525 NIFTY SUPPORT FOR THE DAY 11240-11125-11035 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!
NSE:NIFTYLong
by manavtechresearch
1
MINDTREE LTD. - Climbing Up !!MINDTREE LTD. The stock closed above the Resistance level in the daily chart. Technical Indicators are bullish. RSI has entered an uptrend region. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** Currently, the price is moving in the Inside-bar pattern. If the price trades above Inside-bar 943, the next resistance is 1013. The support is the low of the inside-bar 890. KEEP AN EYE!! #tradingedge_academy #SMTA_institute ***this is my personal view. Please take advice from your financial advisor before investing.
MLong
by Garey_Singh
Tata Consultancy Services Ltd. - WEEKLYTata Consultancy Services Ltd. It was trading within INSIDE BAR pattern for the last 4 trading weeks. It gave a upward breakout this week. Technical Indicators are mildly BULLISH. If the price trades above weekly high (2081), the next resistance is swing high (2260) & the Technical support is Inside bar low 1825 on Weekly Chart. Nearby resistance is 50 day SMA (2064). If price closes above 50 day SMA, the next resistance is swing high (2285) and support is Inside bar low 1825 on weekly chart. KEEP AN EYE!! #B+ #tradingedge_academy #SMTA_institute
NSE:TCSLong
by Garey_Singh
BANK NIFTY what next?1) Red line was there in the chart it was obviously target 5. 2)Out of seven hourly candle of today 1st candle was hammer 2nd huge green candle took out the high of the 1st candle it crossed the target 4 and touched target 5.Todays 3 rd candle was doji candle it was followed by a red candle which has a large wick. This red candle has been shown at the arrow mark. Rest of the candles are inside bars of this red candle. as per inside bar trading the breaking of high and low of this red candle should detect the direction. 3) when stochiastic in over bought condition it may remain in over bought condition in hourly time frame in a bullish market. But entering at a slight dip is always rewarding. 4) Bank nifty rally is not yet over. 5) if some one watches closely starting from red hourly bar rest of the bar is forming a triangle. equal thrusts from buying side and selling side. This may be due to expiry. 6)Normally triangle forms in wave B or in wave 4, it may be the wave 4 sub wave of this rally of course expiry factor is there. 6.wish every body trade carefully. 7) Don't forget to like this post. Follow me to get updates. 8) please go through the attached posts.
NSE:BANKNIFTY
by bijoy2526
2
8908 Possibility of inside pin bar or inside candle as expiry Reason for Inside bar a) High Vix yesterday, may has to digest, Hence little cooling of vix today b) Yesterday low may test to check any further selling pressure before small rally assumption c) Big round number attraction as 66000. It may expiry near plus or minus 100 pts d) Expiry day strategy is creating the butterfly at 66000, when price goes and touches to yesterday low today before 12.00PM; If it happens after 12.00PM the strategy invalidate the set up. SL is inbuild in strategy. Risk of loss should not be more than 0.5% of total account capital.
BSE:SENSEX
by Wavozen
BankNifty Intraday/Swing TradeBank Nifty has continuous 2 inside candle. We can derive two outcome whenever inside bar happens. Bullish or bearish breakout. Whichever side it breaksout, take the trade keeping other side range as SL. Target levels are given. You can initiate intraday or momentum trade using Option ce or pe. Do as per your choice. Example: If the breakout happens on Upper side, then buy bn futures or buy ce or short pe. SL would be low of insider bar candle. If buying option, buy next week chain. NOTE : Wait till breakout happens.
NSE:BANKNIFTY
by Arunraj_07
Nifty 50 at very important junctionHi , a Happy and very prosperous new year to all, Nifty 50 is following 3 prominent angular consolidation (channels) nearing the intersection of the consolidation zones, will show u all the zones separately in the comment sections , nifty took the support of the mid of the 2024 12M candle now taking resistance from quarter/2 of 2024 candle , it is also consolidsting between two day insiders bars ,moving between the weekly inside bar range, also following a recent LL channel posting below my 12M levels for the year 2025, also the 12M ideas posted earlier for the 2024 and 2023, and showing the the progress of these idea at the end of respective year will also post monthly and weekly levels in the next idea will post the important levels /pattern for the bank nifty
NSE:NIFTY
by omvats1
2
10 Most Powerful Candlestick Patterns for Intraday10 Most Powerful Candlestick Patterns for Intraday In intraday trading, where time is money, candlestick charts are highly useful for traders. These patterns, formed by the open, high, low, and close prices within a specific time frame, offer insights into market sentiment and potential price movements. Recognizing patterns like bullish engulfing or doji candles can help traders predict short-term trends with better accuracy. When traders understand these patterns it enables them to make informed choices on when they should enter or leave positions so that they can maximize profitability and still manage risk. This article seeks to highlight 10 very powerful candlestick patterns that all intraday traders should be familiar with in order to trade effectively. 10 Powerful Candlestick Patterns for Intraday Intraday trading depends heavily on technical analysis and candlestick patterns. Here, we present 10 potent candlestick patterns that are especially effective for intraday trading: 1. Tweezer Tops and Bottoms Tweezer Tops and Bottoms are candlestick patterns where two consecutive candles have nearly identical highs (Tops) or lows (Bottoms). For Tweezer Tops, the first candle shows an uptrend, followed by a second candle with a similar high, suggesting potential resistance. Tweezer Bottoms start with a downtrend candle followed by another with a matching low, indicating possible support. These patterns signal reversal possibilities, especially when seen at market highs (Tops) or lows (Bottoms), though confirmation from subsequent price action is recommended. 2. Hammer and Hanging Man A hammer is formed at the bottom of a downtrend, having a small body and long lower wick which shows that there is a possible bullish reversal. Conversely, a Hanging Man appears at the top of an uptrend with a similar shape, suggesting a bearish reversal. Both patterns indicate that despite significant price drops during the session, buyers managed to push prices back up (Hammer) or sellers dominated despite a price rise (Hanging Man), signaling a possible shift in market sentiment. 3. Shooting Star and Inverted Hammer These candlestick patterns indicate potential reversals. The Shooting Star appears during uptrends, showing a small body and a long upper wick, suggesting a weakening upward momentum. It signals a bearish reversal if confirmed by a red candle following it. In contrast, the Inverted Hammer forms at downtrend bottoms, featuring a small body and a long lower wick, indicating a potential bullish reversal. Confirmation with a green candle afterward strengthens its signal, making it crucial to watch for trend changes near these patterns. 4. Engulfing Pattern (Bullish and Bearish) In a Bullish Engulfing Pattern, a large bullish candle fully engulfs the previous smaller bearish candle, indicating a likely upward reversal. Conversely, a Bearish Engulfing Pattern features a large bearish candle that engulfs the previous smaller bullish candle, suggesting a probable downward reversal. Traders watch for these patterns near support or resistance levels for confirmation before making trading decisions. 5. Morning Star and Evening Star The Morning Star forms with a bearish candle, followed by a small-bodied candle (indicating uncertainty), and then a bullish candle. It signifies a change in market sentiment from bullish to bearish. The Evening Star starts with a bullish candle, followed by an uncertainty candle, and ends with a bearish candle, indicating a shift from bullish to bearish sentiment. These patterns are reliable in indicating trend reversals. 6. Three White Soldiers and Three Black Crows Both these patterns are powerful signals of potential trend reversals, especially when they occur after an extended move in one direction. Three White Soldiers pattern shows three consecutive bullish candles with each opening higher and closing higher than the previous one, signaling a strong uptrend reversal. Whereas, the Three Black Crows pattern features three consecutive bearish candles where each opens higher and closes lower than the previous one, indicating a strong downtrend reversal. 7. Doji A Doji candlestick has nearly identical open and close prices, creating a cross or plus sign. It reflects market indecision, where neither buyers nor sellers dominate. Dojis often appear in a consolidation phase and can signal potential reversals or continuation of trends, depending on the surrounding candlesticks. For intraday trading, they are particularly insightful when found near support or resistance levels, as they can hint at an upcoming price movement direction. 8. Inside Bar (Harami) An Inside Bar, also known as Harami, where a smaller candle is completely within the range of the previous larger candle. It suggests indecision in the market and can signal potential reversals or continuations. Traders often watch for a breakout of the smaller candle's range as a signal of future price direction. This pattern is commonly seen during periods of consolidation, offering a clear visual cue of market uncertainty before a potential breakout or continuation of the trend. 9. Piercing Line The Piercing Line candlestick pattern forms when a bullish candle follows a bearish one. It opens below the previous day's low but closes more than halfway up the prior day's bearish candle. This suggests a potential bullish reversal, especially if accompanied by strong trading volume. Traders often interpret this pattern as a signal to consider buying positions, anticipating a shift from bearish to bullish momentum. 10. Dark Cloud Cover Finally, this pattern is a bearish pattern formed by two candles. The first candle is bullish, closing near its high. The second candle opens higher than the first candle's close but closes below the midpoint of the first candle's body. This pattern indicates a potential shift from upward momentum to downward momentum. Traders often look for this pattern near resistance levels for stronger signals. It's important to confirm the pattern with higher trading volume to validate its potential impact on price direction. Conclusion Knowing candlestick patterns can help you trade efficiently and enter the market with precision. Whether for day trading or momentum trading. These candlestick Patterns show when to buy or sell an asset to maximize the profit and mitigate the risks by placing a stop loss. Dhan is the first broker in the world to offer Options Trading from TradingView.com. Know more about this here !
INDEX:SENSEX
by Dhan
[Entropy] Jindal Streel Short Idea Discussion This image shows the Entropy trade that was triggered few minutes back. This images shows it into more details. It is to be observed that after it triggered the entry, the next candle did not break the low of the candle which triggered the sell. In fact, it made an inside bar. First of all, Inside Bar means indecision. And, The fact that it did not immediately break the previous candle's low shows a lack of strength on the part of the bears. But the candle marked as "The next candle" is also interesting. It tried to go up but made a pin bar i.e. the bulls tried to push upside but it shows that although bear has not been able to push the price downside, they are not letting it go upside! Bears have not been able to push the price downside. The bears are aggressive in not letting it go upside! It means We should do the same. We must keep the short. But It has to be aggressively trailed as the Bulls are in the system. We can not make it a "Sell and Forget" approach. But - This definitely makes the symbol a weak candidate for short. So, Either Scalp or Trial it Aggressively.
NSE:JINDALSTELShort
by Amit_Ghosh