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Shooting Star

Updated: Upside gap two crows followed by shooting star This is an updated chart of NIFTY 50 (with reference to my previous chart) Upside gap two crows 16 April 2020: It was a bullish candle. (Continuing the bull trend) 17 April 2020: Gap up opening but ended the day with a bearish hanging man pattern. 20 April 2020: Opening was at 9390, i.e more than closing of day 2. It made a bearish engulfing pattern. 22 April & 23 April 2020: Gap was filled (I referred it as retracement in my previous post) 24 April 2020: Shooting star pattern Price Action Formation of rising wedge pattern R1 & S1 are short term support & resistance. (Based on Fibonacci) Conclusion Trends look negative in the short term.
NSE:NIFTYShort
by abhishek_sh4
2
Short trade in CIPLAThe Pharma sector is been pushed up based on the idea that due to corona the pharma sector will benefit. But one can certainly say that there is no structural or fundamental change in the business. Hence I think this rally in pharma is only temporary. Based on the delivery % and depending on the total traded quantity. I think from 13/04/2020 the stock will start moving down toward 488. total traded quantity was increasing from past two weeks but the delivery percentage kept on decreasing. This was followed by a shooting start candle stick pattern near the resistance.
NSE:CIPLAShort
by aakashsawant53
1
Tata Global : Formed Shooting StarTata Global has formed Shooting Star on a major trend line & it will serve as important level of resistance in future, once price broke this major resistance look for long side opportunities. Entry : Long Abv 220 Stoploss : 205 (Closing Basis) Basic Target: 240 if you have any queries regarding above idea or any other stock feel free to D'M Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
TLong
by TruStox
Price Action Lesson 7: Conditions of a Perfect Shooting StarConditions of a Perfect Shooting Star: . Body is short. . The height of the candlestick (the difference between high and low price) is tall enough and it's more than the Daily ATR(264). The taller the Candlestick is, the stronger the Shooting Star . . The upper shadow (also known as upper wick or tail is the distance between the high price and the close or open price, whichever is higher) should be very tall, over than 75 percent of the Daily ATR(264) is better. . The lower shadow (also called bottom wick or tail is the distance between the low price and the close or open price, whichever is lower) is nonexistent or very short. It should be less than 25 percent of the Daily ATR(264). . The Shooting Star with the bearish body is stronger than the one with the bullish body. . The picture shows a perfect Shooting Star candlestick . As seen, the height of the candlestick is tall, but the body is very short. Also, the upper shadow is very tall and the lower shadow is very short. . The close price is lower than open price, therefore the body of this Shooting Star is bearish , and the strength is very high.
COINBASE:ETHUSDEducation
by ForecastCity_EU
1
Apollo Hospital @ ResistanceAPOLLOHOSP is constantly forming Shooting Star's at major resistance , look for shorting opportunities. Entry : 1265 - 1270 Range Stoploss : 1296 (Closing Basis) Basic Target: 1233 Optional ways : Derivatives are best case as expiry is just 7days away. if you have any queries regarding above idea or any other stock feel free to D'M Announcement : Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs . Make sure! you signup before 19th April-19, we've a gift for you & sign up is totally Free! Here are some of them:- Trade assisting Tech Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:APOLLOHOSPShort
by TruStox
HDFC triangle breakout pullbackThe stock has broken out of an upward sloping triangle with good volumes. The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy. The RSI's overbought signal indicates the same. A very great stock, also considering the pressure on PSU banks, private banks like HDFC would do well. Medium and long term trend is up. (50,100,200 MA's) Target, let your profits run until you get a clear reversal signal.
HLong
by HarshShivlani
2