IDEA trade ideas
Bullish Intraday Candlestick Patterns for StudyPatterns in Candlestick Charts
Candlestick charts are an excellent way of understanding the investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Trend reversal After a long fall from 3digit rate.
it came single digit.
now,
consolidated, broken trend line n the main thing retested with a strong bullish hammer candle.
i had made a tgt till for 45 which is coming from 62% retracement of downfall.
n more levels are provided to book profits.
thanks
keep learning n be in profit
safe your capital always.
bbie
happy trading
Best time to BUY this share in bulk and hold for a month or two.The Weekly chart is the one to see this stock by.
You can see that a big red candle and then a doji candle is is formed. now this week a green candle is being formed.
So it will be a morning star formation by end of this week. The reason is that even RSI curve is taking a U turn from going down to going up. Thats a double confirmation
Also Vodafone went through crisis and now its recovering. So this is the good time to buy shares of Vodafone.
Look that Fib retracement is followed nicely and prices are at the bottom.
So buy the shares now in bulk and sell it when it reaches like 8rs per share.