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Morning Star

Banknifty - Morning Star Pattern 10 AugWhat Does Morning Star Mean? A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. Traders watch for the formation of a morning star and then seek confirmation that a reversal is indeed occurring using additional indicators. The opposite pattern to a morning star is th
NSE:BANKNIFTY
by kiranrshinde
4
Multibagger Strike. (Bank Nifty)Time frame: 75 min. 1) RSI divergence. 2) Inside candle. 3) Morning star pattern. 3) Making higher lows. ( in 15 min TF) How to trade: Spot chart- On 29th July if price gives a closing above 34,580 in 5 min candle. Buy *35000 CE of 5th August expiry.* (Current price 224.) SL: 50-60 points ( or < 34520) Target: 35200 Good for Swing trade as well as intraday. Don't hold the position after monday. Position size should be such that even if you SL is hit. You should only lose 2% of your entire c
NSE:BANKNIFTYLong
by bhagat109
Concor BuyIn this current market, Concor seems to be the goos trade in the coming days. Fib retracement 50% support playing good Support for the stock DOJI formation at the bottom can be a reversal signal. Don't be in hurry to trade SL can be 652 on closing Basis Targets can be 700 and 730 for swing. Buy Aug month contract for a good move. Just like Wipro, good returns are expected from the stock Grandfather, Father, and son strategy. If you have not seen This strategy watch my Wipro IDEA shared on Trad
NSE:CONCOR
by Dhando_Trader
4
WATCH THIS BOUNCE BACK !Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment. Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support line only then make a long call. Target will be near the resistance line , i will advise you all to book profit before the stock touch
NSE:COCHINSHIPLong
by deswingmaster
5
ABFRL Symmetric Triangle BreakoutABFRL ready for a short term positional trade for target price 241. Confirmations: Morning star candlestick pattern : Its a bullish trend reversal pattern having very good result when occurs in a down move or a down trend. Breakout : Symmetric triangle pattern breakout with a Large bullish candle. Volume : Volume at breakout candle is above the volume moving average of length 20. Its almost more than twice volume MA. MACD : MACD crossing above zero is considered bullish. MACD histo
NSE:ABFRLLong
by AmeyKajarekar