Three Black Crows
Bajaj Finserv Weak Candlestick Pattern!Three Black Crows Candlesticks Pattern Formed On daily Chart, The Bears Use This Opportunity To Create Three Consecutive Bearish Candles, Sell Positional ~ 1522, With Stop ~ 1562, For Target ~ 1350, Expected Target Jan Expiry.
Three Red Crows in ASIAN PAINTS LTDAsian paints have completed three red crowd patterns and started small corrections.
Asian paints strong support is 3052. and I think if the market breaks support it can go up to 2936.
If the support is not broken, the market will move to the 3150 level.
T1= 3150 ( if the market will not break support )
T1=2936 ( if the market will break support)
Thank you
@Money_Dictators
Cummins - sell nowsell from 858 to 875
easy target 825
t2 - 802
Disclaimer : This is my personal analysis for study purpose not intended for trading
trade for next weekadd on radar for next week
based on three black crows
When a Three Black Crows is seen at the top of an uptrend,
it could be one of the most powerful reversal patterns and trend signals.
entry condition - short @ open, preferable below close of 3rd bar
1st target - 525-521
521 being one month low can behave as good support
further targets will be posted later
disclaimer - trade @ own risk
look for 3385 target - shortersreasoning 👇
3 black crows pattern during downtrend
breakout - lower bollinger band
lower low, lower highs
disclaimer - trade @ own risk
Nestle resumed it's downtrend after a pullbackNestle is on a downtrend.
It broke below the 200 DMA with strong volumes. It has pulled back right till the 200 DMA where it was met with resistance.
And now we've 3 strong red candles successively (three black crow candlestick pattern suggestive of bearishness)
And the resistance can be seen right at the trendline that I've drawn.
Tgt: 15200
SL: use trailing stoploss just above the next candle.
WHAT HAPPENED WITH MARUTI? 10000 to 6800 Journey!Maruti reached its 52W high at 10,000 and has been faaling continuously since then. The way Maruti % fell shocked alot of people, However it was not all that difficult to determine the fall and I will share, how I proceeded and made money in Maruti 5.71% .
On 25 July, Maruti reached its prior top weeks high zone of 9900-10000 again. It was a good resistance and If it is broken with Good volumes, Maruti can go upto 12K-13K, The next day Maruti reversed from the resistance zone and created a Double Top (as shown in the chart), also the Day Candle formed a Bearish Engulfing Pattern which indicates the start of the downfall.
Double Top Pattern is a fairly successful pattern and Share is expected to reach the neckline at 8200-8300 zones before changing its direction.
Maruti immediately the next day formed a large 500 points Bearish Candle which gave me good profits, And I continued waiting for my Initial target of 8200 (Neckline). In the meanwhile share gave a lot of green candles, But I since I was already in profits, I had margin of bear some green Candles.
Each time Maruti showed a couple of green candle, a Big Red candle wiped out gains forming Bearish Engulfing Pattern repetitively, which posted my confidence. Share reached up to 9000 after that Rose 250 points.
I though of squaring off position but the prior experience showed that there has not been 3 consecutive green candles in the past 9 months, So I decided to wait for the next day. Maruti reversed and showed red candles for the next 3 days and formed a 3 Blacks Crows pattern, which is sign of huge fall coming.
Near 14 September One Gap Up for formed, but the next day there was a Gap Down thereby forming a Evening Star Pattern.
On 19 September, Share finally reached my initial target of 8200 after I squared off and decided to play a LONG STRANGLE, to up my possibilities of winning. I took a Put and a Call at 3% Difference.
Soon The share broke the neckline and started to go more downwards, I squared up my call and waited for gains in Put.
Every person has different way of Analyzing. But the idea is to hold onto your faith and continue with your strategy. Even the basic Candlestick patterns have the ability to reap you awesome results.
Thanks, i hope this is Helpful.
Keep sharing the list of shares you want an analysis on. Thanks :)
RAYMOND: SELL at 818.15 SL 825 TGT 782RAYMOND is a SELL on NSE around 818.15 with SL at 825 and Target of 782
Recent Fresh Shorts initiated with 78% OI and a CS pattern of Three Black Crows Bearish.
Tomorrow onwards heavy fall or heavy rise in Nifty!Tomorrow on NSE:NIFTY , if a red bearish bar appears, then it will be a three black crow pattern which will confirm long bearish phase!
However if a big green bar emerged from day's opening price, it will be a Three line Strike pattern, which is a highly bullish pattern with 84% accuracy rate! See also my other posting in link below.
THREE BLACK CROWS Divergence and Wolfe Wave!Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
DLF Forming Bullish Candlesticks Pattern The price action is been trading between trendlines and forming bullish candlesticks pattern at the bottom of trendline or resistance line. For past three days, it is been falling and formed a Three black crows bullish pattern. Now, it can move up tomorrow as shown in the chart to confirm the pattern as it is also previously done. Buying pressure at resistance trendline is high enough to take prices up. In case it fails to do it then I expect there is higher selling pressure than buying of it at current levels.
Lets look forward to tomorrow to unfold this mistry, any opinions are welcome. Regards
