Bajaj Auto has been in a consistent up move. However the recent price action suggest possible short term exhaustion in the up move. While the long term up trend remain strong, there can be opportunities in the short side as well. Chart suggests the formation of a staggered shooting star formation. The classical shooting star is a three candle stick pattern, but...
NSE:TITAN shooting star with RSI Divergence in daily chart indicates a possible reversal.
ITC forming shooting star with small body & upper shadow twice as long as body. Watch out for tomorrow's candle! A red candle might be a signal for the down trend.
NSE:ITC A Big red Shooting star candle confirmation given, might fall in coming days.
Pound against Japanese yen, has completed the week rejection candle (Shooting star) in weekly chart, it indicates the price stopped go above the last week open, price may attracts towards 138.500 area .. note - price action analysis done only for education purpose, predictions are subjected to change..
This is a long term view, It is in uptrend in Daily TF, So there is a chance for failure Downtrend in Monthly TF Fibonacci Extension reached 1 and showing resistance Fibonacci Retracement reached 0.618 Earnings results expected on July 22 @-2.85 Probable target Entry point
HUL forming a bullish shooting star candle on a support area and rejecting trend line. a bullish move expected.
The stock is sitting beautifully at its 0.618 retracement level. Two long term supports/resistance are drawn at 480-482 & 498. You will have to scroll to left to see why! It made a Shooting star today but I won't read a lot into it. Positional Trades: Go long above 465 for 470, 475, 478, 482 with SL at 459 Short below 459 for 455, 450 with SL at 464. Please...
US Crude Oil 1 hour TF Shooting Star Dogi symbol indicated that market will go further down and reach second target
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After Crossing below 430, Shooting Star candle stick pattern will be confirmed as stock is trading near monthly resistance
Shooting star on 1D time frame. Sell if Previous day low breaks. Avoid Gap up/down. *Use Strict SL.
I have used the GANN FAN to analyze support & resistance. There is a shift in the channel (The price have moved to lower channel) In this analysis, I have taken 45* as it is considered most crucial. In the last trading session shooting star was formed which is a bearish candlestick.
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...
HUL IS IN SUPPLY ZONE AND HAD FORMED A SHOOTING STAR PATTERN ON 30MIN CHART. LEVEL MENTION ON CHART
The 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...