Inside Bar at the support !!Inside bar price action Pattern are formed when price or market sentiment is extremely positioned in one direction. For example, most valid inside bars are those that are formed when the preceding price bars show extreme bullish or bearish sentiment. Although an inside bar is usually referred to as a reversal candlestick pattern, they can also exhibit a continuation pattern as well. An inside bar basically tells us that buyers and sellers have been reluctant to push prices above or below the previous candle’s high or low. In a way, inside bars reflect indecision in the markets.
Here 363 acts as major support, if this holds, you may see reversal of this short term down ward ltrend to end and infratel may rally upto 420 odd levels.
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INSIDE BAR BREAKOUT TRADE IN NIITECHINSIDE BAR BREAKOUT TRADE IN NIITECH
NOTE DATA WATCHED ON FUT CHART
DEC FUT CHART ANALYSIS ON HOURLY SCALE
RANGE BREAK EXPECTED ON HOURLY CHART
BREAK >1144
BREAK<1133
TRADE ACCORDING AFTER BREAKOUT
DAILY NARROW RANGE BREAKOUT EXPECTED
AFTER A BREAK AOBVE 1153 ON CLOSING BASIS
OPENS UP TGT TO 1162-68
LOT:750
QTY:2
WAIT FOR A BREAK
DivisLab - Inside barInside bar is a two bar price action strategy. The inside bar is smaller and within the high to low range of the previous bar. Previous bar is referred to as the "mother bar". Inside bar forms at market turning points and acts as reversal when forming at support or resistance level.
In Divislab daily chart price action shows inside bar. RSI indicates momentum is getting stronger.
We can use mother bar's high as entry point. I will update targets and stop loss observing the price action in comment. in.tradingview.com
Inside Bar and Symmetrical TriangleThe stock is continuously in uptrend and consolidating within Inside Bar from past six months. In weekly time frame, symmetrical triangle breakout observed in chart and if high wick of inside bar surpass by the stock, it will be a great opportunity to execute trade.
Point to understand:
1. Inside Bar : candlestick patterns form within the bounds of prior highs and lows , generally use for intraday/short term trade but in HDFC bank stock price is range bound within inside candle for more than 180 days means support & resistance are high and low of one weekly candle ,quite significant candle for price action.
2.Symmetrical Triangle : simple pattern and most effective pattern depicts continuation of trend, forms a triangle-like shape also known as pendant with multiple and resistance. In chart stock as given pattern breakout (highlighted in circle).
Advice: Triangle pattern breakout (+) inside bar breakout = LONG TRADE
Note: Consult your financial advisor before trading or investing.
[Inside Bar] Tata Motor Tata Motors moving up along the Trendline steadily. Lets see if this keeps going or not.
Stock has made an inside bar, following days of tight consolidation.
Keep an eye for breakout.
Buy above 101.45 with SL at 98.2
Sell below 98.2 with Sl at 101.45
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
[Inside Bar] Motherson SumiBuy above 96.1 with Sl at 95.5
Sell Below 95.5 with SL at 96.1
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
[Inside Bar] ONGC Buy above 79.55 with Sl at 78.4
Sell Below 78.4 with SL at 79.55
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
[Inside Bar] UPL Buy above 445 with Sl at 435.5
Sell Below 435.5 with SL at 445
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
[Inside Bar] Siemens Buy above 1180 with Sl at 1158
Sell Below 1158 with SL at 1180
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
[Inside Bar] LICHOUSING FINANCEBuy above 278.5 with Sl at 275.15
Sell Below 275.15 with SL at 278.5
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
[Inside Bar] INDUSIND BANK Buy above 180 with Sl at 175.15
Sell Below 175.15 with SL at 180
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
Infy - inside bar breakout failure Trade setup Inside bar in Infy could not breakout and came back inside the range again.
In most of the cases, the direction reverses after a breakout failure
Trend lines are something that attracts price like a magnet and Infy is trading quite near to trendline resistance, That may cause price to rise to touch the trendline and fall. That's one of possible scenario for our setup to fail but
In given scenario the if we look at the setup - risk-reward looks quite attractive
Trade setup provided in the charts
Happy Trading