Morning Star
Can COALINDIA Glow from current Levels?COALINDIA has formed a Morning star pattern near its all-time low price levels. The volume is also expanded for the day, which is implying a bullish move from current levels. However, it might test the low of the previous major swing which is at around 120 levels. If it breaks that level, a good up move is implied. Else, it will be continuing its downward journey.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Hap
Long Position in Coromandel after Confirmation Coromandel Stuck in a 14% Range.
It has come back to re-test it's support and 2 possible reversal candles(Morning Star) are seen at support.
If an Close above these candles High/Body is seen then a good Upmove can be expected with a good Risk/Reward Ratio.
Morning star in MGL Morning star is a bullish chart pattern. It's formed at the end of a downtrend. A doji is formed after a clear down trend, followed by a green candle which confirms the beginning of an uptrend.
Other points to consider:
1) Touched the low of the channel.
2) RSI is oversold.
Target: 900 SL: 825
Coal India Open a Swing trade possibility.A morning star candlestick pattern is formed today which indicates a trend reversal. The same happened before as you can see in the round marking sections. Opportunity for a swing trade.
Buy at 123.85 or you can wait for confirmations.
Please verify it with your technical analysis also.
Morning start and cnsolidation breakout in MahindraLong uptrend followed by a consolidation zone. Price narrowed down inside a range between 600-640 for last few days.
But never broke the lower strong support line of 608.
A morning start pattern has emerged from last 3 day candle, and today it has tried to broke the consolidation zone and gave closing above 640..
Good volume supported the trend.
Upper resistance is on 683 which would be our targets.
Buy: CMP
Target : 683
SL: 622
Suryaroshni - Morning Star vs Gap Fill All levels drawn on chart.
111 is the major support and 122.5 is the resistance - can zoom out and see the Fib retracement levels.
Positional Trades:
Go Long at 117 for 118.5, 120.5, 122.5 with SL at 114.5
(For the Morning Star hypothesis to be true, it should gap up and open in 116-117 if not higher)
Or
Short below 114.5 for 113, 111 with SL at 115.5 for the Gap to get filled.
NIFTY retouching the breakout + RSI divergence (120 pts ahead)During expiry Thursday the market was highly volatile and closed at 10289 level.
Still the breakout dint failed, with a small risk can go long upto 10410
CMP : 10289
SL : 10239
Target : 10410
1:2 risk reward, almost 121 pts ahead with 50 pts risk.
Analyze :
1) NIFTY if you compare with my yesterday analyze, it has formed Engulfing at resistance, and today almost kind of a doji and closed near yesterday low
2) If tomorrow morning turns up and reached our target (10410) it will become a Mor























