ShortEngulfing Candle
Short
GARFIBRES buy @ 2000 (3% Risk and 10% Reward)Long trade formed in GARFIBRES:-
- 1 day time frame bullish engulfing pattern formed - 21/OCT/2020
- Swing retracement is 0.618 it is a golden area for take a long position as per fibonacci.
Buy if price crosses above - 2000
Stop loss - 1935
Target - 2200
Pls Note:- Only for educational purpose and demo trading.
Long
EURUSD, Weekly analysis, Oct 19-23Euro against Dollar pair, is looking bearish in the 3rd week of October, When you see the monthly chart, bearish Engulfing September month candle still expect to send the price down , in short term view, we can expect the price go down till 1.16 area this week
Note - Price action analysis for education purpose only
Short
Bullish Engulfing on ICICI BankICICI Bank formed a bullish engulfing pattern on daily charts.
Catalyzed by an order of the Supreme court, the trading opportunity is huge. Buy on open with a move of at least 2-3%. NSE:ICICIBANK
Long
Shopper Stop Is crazyOn 23rd of September Shoppers stop made an engulfing Bullish candle just on the support.
Also after that this stock is wandering around the same levels with good volatility.
Volume have dried up, which we can consider that distribution phase is over and accumulation is ongoing.
Overall a good short term trade can be taken out here.
Call:
Buy near 171
SL @167 (2%)
Target : 179 (5%)
Risk Reward (2:5)
#HappyTrading
Long
BALKRISHIND : LONGStrong bullish engulfing at strong support. bond to rise with below support as stop.
Long
TATA STEEL - Bearish Engulfing Pattern at resistanceSimple Chart with strong implications -
- Resistance
- Bearish Engulfing Pattern
- Volume Confirmation
- RSI oversold
Education
TechM - Bearish engulfing pattern at resistance Disclaimer - Risk cannot be separated from reward, unlike humans they are loyal to each other.
Tech Mahindra has made a bearish engulfing pattern today on daily charts with volume confirmation (volume on the engulfing candle was higher than previous candle and average volume), the pattern is at a channel resistance. This can be shorted with SL 648.25 and target 551
Short
Nifty : Completed the Diametric Pattern Nifty has completed the Diametric Pattern as per NeoWave analysis.
Nifty has also completed retracement of 61.8% of the entire fall which started on Jan 20, 2020.
The daily chart shows a reversal warning with an Engulfing Bearish Pattern.
Any fall below 10000 will show very strong bearish moves in Nifty.
Thus B wave of the correction seems complete and we should tighten our seat belts for an eventful C wave.
Short
CANBK SELLSELL canbk below 108
with stoploss 119
for target 100,92
result is also bad so it's good conformation
Education
SBI Breaks - Negative Trend - Step into Green Fundamental View
After announcing Q4 result SBI jumps up to 5% and 8% with in a day.
Net profit jumps to Rs 3,580.8 crore in the January-March quarter compared to Rs 838.4 crore.
(Net profit includes a one-time benefit of Rs 2,731 crore from sale of stake in SBI Cards & Payment Systems.)
SBI’s asset quality improved over this quarter(Q4).
Technical View
Technical chart also looks green for SBI.
Price level Crosses 50MA.
Breaks the downtrend channel.
Bullish engulfing candle on Monthl
Long
CIPLA on a roller coaster ride downCIPLA has become an excellent candidate for a short trade. Along with an RSI divergence, the stock has made a bearish engulfing pattern in 30 min chart. Short CIPLA with a target of 640.
[INTRADAY] M_M: Bearish Engulfing Bearish engulfing near high of the last swing could give good intraday movement. Avoid gap up/down.
*M_M is overall bullish, won't hesitate to buy if high breaks.
Hanging man with bearish engulfing - Candlestick
17 April 2020: Hanging man candlestick formation.
20 April 2020: Bearish engulfing Candlestick formation.
21 April 2020: Gap down opening - signifies strong sellers
Probable support @ 8500 & 9100 has strong resistance (Refer option chain)
Fibonacci Retracement : A:B:C
Note: There will be some retracement but the overall trend looks negative for short term.
Short
Long
Long
MINDtree.... gap..hammer..free fall.!!!!!!!gap resistance near 855-881... resisted near the gap .. mdade the hammer and free fall today... below 855.. may slip to 820--800
M
Short
Intraday Long above PDH or Channel breakoutIntraday and positional Long above PDH or Channel breakout
Short
Parallel Channel/Engulfing Low risk tradePrices have nicely formed Up sloping channel and today's Engulfing offers an opportunity to go long at current level. One can risk the amout of one bar only. Prices have bounced at retest of lower trend line . We can initiate the long trade as the details given below
Entry 431
SL 408(closing)
Target 492
Risk/Reward Ratio 2.65
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Long
NIFTY - WHO WILL GET BURNT THIS DUSSEHRA- BULLS OR BEARS?THIS IS THE FOURTH PART OF THE ANALYSIS ON NIFTY -1.24% 2.32% FALL. IF YOU NOT READ THE PREVIOUS ONE 3 POSTS, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW.
Some Lines I said in the previous post
“In the process to up,There has been 2 Gaps created in the past downfall and crossed 2 Fibo support (Mentioned Below) which will stop the market from going up.
Resistance 1 - Gap 1 - 10520-10550
Resistance 2 - Fibo Resistance 38.2 - 10650
Resistance 3 - Gap 2 - 1
Education
Education
Long