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Trend-reversal

IS IT TIME FOR REVERSAL IN NHPCNHPC has been moving in a Parallel Channel from January. No green candle has closed above the upper trendline. There is also a Resistance Zone between 115-119. After testing the above resistance zone the price has been continuously falling to touch the Bottom Trendline. Yesterday a green candle has been formed signalling a trend reversal. A buy can be initiated above the candles high for a 1st Target of 116 and a 2nd target of 126 if it breaks the Resistance zone.
NSE:NHPCLong
by eastwind65
Triple bottom in LALPATHLAB on one hour chartIdentified a triple bottom formation, which is a bullish chart pattern that suggests a potential trend reversal from a downtrend to an uptrend. This formation occurs when the price of an asset creates three distinct lows at or near the same level, indicating that buyers are stepping in to support the stock at that level. There are two possible outcomes: either the stock will rebound from this support level, leading to a bullish trend reversal, or the stock may break down through this support level, indicating that bears are taking control of the market and leading to a continuation of the downtrend.
NSE:LALPATHLAB
by HSJNFinWisdom
2
ORIENT GREEN POWER CO LTD --- DOUBLE BOTTOM ORIENT GREEN POWER CO LTD- DAILY CHART 1. Trendline breakout seen on daily chart recently 2. Triangle pattern breakout also can seen on chart 3. Double bottom formation seen, where both double bottom candles are hammer candle, 4. After hammer candle last closing candle is bullish green which confirm double bottom and trend reversal to bullish 5. wave trend also seen double bottom formation on oversold line 6. Double Bottom form at 200 SMA support line that is also bullish indication of trend reversal RISK FACTOR. * Currently % price band ( 5% circuit limit in NSE/BSE) in such case stock can go either one way parabolic form . stop loss should be strictly placed .. profit booking trailing stop loss method more useful. BUY ORIENT GREEN POWER CO LTD @ 11.65 TARGET 15-18 stop loss 8 @@ THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk HAPPY TRADING. !!
NSE:GREENPOWERLong
by champtrade111
NIFTY --TREND REVERSAL DOJINIFTY on Daily Chart trend reversal doji candle seen at todays closing.. Trend reversal doji heikin ashi candle ..found when trend set either bullish or bearish ..and traders indecisive about current trend. last few days nifty corrected around 1000-1200 points from high 18400 now at 17100 bottom was made around 16800 that trend was confirm bearish but last 1-2 session traders are indecisive about trend so volatility seen. that is doji candle formation at support level before trend reversal which is seen in form of heikin ashi doji candle formation on daily chart at todays closing. this doji candle suggest trend reversal from bearish to bullish ahead may be budget rally is ahead in few days. wave pattern also indicate same. NIFTY FROM CURRENT LEVEL 17100 uptrend can see target 18400 short term (1 month). *** THIS IDEA FOR EDUCATIONAL PURPOSE .!
NSE:NIFTYLong
by champtrade111
NTPC TREND REVERSAL TO BULLISHNTPC found TREND REVERSAL on yearly chart daily time frame. green candle seen at 50 SMA Support after correction last few days whereas 20 SMA , 200 DMA at support level and also rising pattern . Histogram also seen bullish trend reversal form. BUY NTPC @ 138.10 ( above of previous day green candle high ) TARGET 142-145-150 stop loss 130 ( bellow previous support green candle low ) This analysis purely basis on technical indicators please take call after own study at own risk .!! WISH U Happy Trading !!
NSE:NTPCLong
by champtrade111