Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = Auro Pharma
Time Frame = 1 Day
Search in ideas for "auro pharma"
GO LONG AURO PHARMANSE:AUROPHARMA
It is swing trade ,The stock is consolidating from few days .
It is also a very fundamentally good stock to .
It has come to its pre covid levels
A short term target can be seen in coming days 545.Is it breaks it will give a upside move of 600 .
This is educational purpose .
Plan to go long with AuroPharmaHey guys.
Auro Pharma is in a long downtrend in both in weekly and daily time frame .But Recently it has broken it's down trendline in daily basis and also showing a bullish hammer as a confirmation of retest. We can plan our trade above 714 level and our stop loss would be low of the hammer candle .
[Basket] Auro Pharma Swing Bet
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Swing Trading Opportunities for W/B 16-8-21TRADING WATCHLIST FOR W/B 16-08-21
INTENT
This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.
Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed.
ON MY WATCHLIST FOR W/B 09-08-21 --
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS
IDFC FIRST BANK
PNB
RBL BANK
AURO PHARMA
CHALET
DAAWAT
GM BREWERIES
ICICIGI
LIC HOUSING
MOTILAL OSWAL
SADBHAV
Even though on a weekly basis Nifty has made an ATH close, there are several scrips across sectors that have been beaten down and many are below their 200 DMA, WMA as well.
I read it both ways -
Either
There is scope for Nifty to go up further as these scrips would eventually move up.
Or
Nifty may consolidate or drift until the overall market turns bullish for several leading names as well.
SECTORS LOOKING GOOD FOR LONG POSITIONS-
BANK NIFTY
CPSE
ENERGY
FIN SERVICES
During the week, the universe of my stock search is limited to Nifty, Banknifty and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well.
Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the set up and the trade basis, please do share so that together we can learn.
Thank you for your time and Happy Learning,
Umesh
14-08-21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
Trading Opportunities for W/B 9-8-21TRADING WATCHLIST FOR W/B 09-08-21
INTENT
This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.
Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed.
ON MY WATCHLIST FOR W/B 09-08-21 --
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS
BPCL
BRITANNIA
COAL INDIA
HDFC
HDFC BANK
IOC
KOTAK BANK
ONGC
RELIANCE
IDFC FIRST BANK
AURO PHARMA
KSCL
NEOGEN
HDFC AMC
Even though on a weekly basis Nifty has made an ATH close, there are several scrips across sectors that have been beaten down and many are below their 200 DMA, WMA as well.
I read it both ways -
Either
There is scope for Nifty to go up further as these scrips would eventually move up.
Or
Nifty may consolidate or drift until the overall market turns bullish for several leading names as well.
SECTORS LOOKING GOOD FOR LONG POSITIONS-
AUTO
CPSE
ENERGY
FINSERVICES
PVT BANKS
During the week, the universe of my stock search is limited to Nifty, Banknifty and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well.
Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the set up and the trade basis, please do share so that together we can learn.
There is also a video link available in the article. It is related to my son’s video content where he does a weekly wrap-up. You may like to watch the video as well. The contents are different and not always the same.
I hope you are able to make the most of this new initiative.
Thank you for your time and Happy Learning,
Umesh
07-08-21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades / investments on your own or consult your financial advisor before making any trades.
[Positional] Auro Pharma Retest BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
=======
Auropharma is on bullish mode.Stock of Auro pharma after taking the support of 780 again in bullish mode & can be taken for long entry after the BO of TL. This is around above 794 long entry can be taken for the target price of 815 & 830 with the SL of 775. Stock is in momentum at the support level. Also RSI is supporting well to take the long entry. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .