Morning Star
Long on BRITANNIADouble confirmation
1. Last week it has taken support by forming a Doji candle
2. This week it has confirmed last week support by forming a morning star candle pattern in the weekly time frame
This is only for educational purposes and not a suggestion for investing. Do your own research before investing.
MORNING STAR FORMATION IN TCSA morning star is a bullish three candle pattern that is formed at the bottom of a down move. The first candle in the morning star formation is a big bearish candle that clearly defines the down move. The second candle is a small candle, which is ideally a Doji candle. The third candle is a large bullish candle, which closes near the top of the day.
Clearly, Morning star is formed in TCS today. It's ready to move upside.
INDIGOPAINTS taking support at 2500it has formed at Morningstar pattern on daily charts and taking support at 2500 level. if it continuous it can rally upto 2700-2800 level in very soon time. but to make it has to sustain above 2560 level on lower time at least one candle.(15 min/1 hr).
Daily trend shows lower lows and lower highs.
Sunpharma - Positional View , Long Term investment ( 40 % gain )Fundamentals :
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- The whistle blower case got settled down
- Stock was on 3 years consolidation
- Now it's on the same resistance level of 654 after 2018
- Chances are very high for Break Out
Technicals :
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- Rounding bottom formation in the weekly chart
- Bullish candlestick pattern ( Morning Star ).
- if it crossed the resistance level of 655. Then by the end of 2021, it may hit the target of 940
- RSI > 60
- Bollinger Band challenged
- MACD +ve cross over
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Endurance Tech Head and shoulder breakoutEndurance Tech Head and shoulder breakout on a weekly chart, Long Rally to Come Up
Can Take LONG Entry at CMP 1350-1370 in half of your quantity.
Then can add remaining quantity if the stock corrects to 1208-1250 levels, or you can add more if the rally continues.
It has also formed a morning star on a daily chart ,Expecting a good rally now!
It's a clear Head and shoulder breakout on a weekly chart, Ideally it should achieve a target of 1833 in SIX months.
Morningstar pattern in down trendA Morning star pattern with good volumes and specifically in a downtrend.Give it a try as risk reward is very favourable.
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