Morning Star
Bajaj Finance LongBajaj finance continues its bullish trend.
Accumulation led to a Flag Breakout.
Consolidation at Flag is progressing within rectangle. Morning Star formation shows a bullish reversal may be forthcoming.
If the next candle opens in the green, higher levels should be expected.
Stop Loss should be maintained @3820.
Britannia forming Morning star Pattern at major support & VolumeHi Traders,
Britannia forming Morning star Pattern at major support with good Volume.
Bullish View on stock due to below point:
1) Britannia has taken support at major support (22250-2400) ,which was major consolidation / support zone in Jan -Feb 2018 times. See chart for more detail.
2) It has form reversal pattern of morning star candlestick pattern with good volume.
What Indicator are says:
1) RSI out of oversold position & RSI above 40 will take stock out of bear control.
2) St
Nifty- Nation's Blood- Selling The Tops@11,117Correction - New Blogs can be checked on left top corner as compared to right top corner suggested over the video.
Trading Strategy
Plan A - Buy in 10650-10675 zone with strict stoploss below 10620
Targets - 10780-10800 / Buy Above 10800 for 10890/10925 / Above 10925 for 10985-11,000 & More only above 11,000 levels.
Plan B - You can sell if you see index stopping or halting between 10780-10800 or stops between 10890-10925 or stops between 10985-11,000
Plan C - Sell below 10585 - S
Morning Star Candle Stick Pattern in Yes BankOn Daily Chart , Yes Bank has formed Morning star candle stick pattern , Which is considered Bullish . Additionally Stochastic RSI indicator is in Over sold region and its signal line has generated Buy signal. Moreover it has crossed & closed above Rs 167 which has served as strong support during previous two fall. It is going to give a good up move if it is able to close 179 ( it would be breakout) .
Please comment.
Declaimer : This analysis is for education purpose only. Consult yo
WHY NIFTY GOING UP? AGAIN A GAP DOWN ON MON (15 Oct)POSSIBLE?THIS IS THE THIRD PART OF THE ANALYSIS ON NIFTY 2.32% FALL. IF YOU NOT READ THE PREVIOUS ONE 2 POSTS, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW.
Last time we estimated a big downfall in the month of October and believed that IT Sector might stay in pressure as the results of Tata Elxsi disappointed and Number of TCS may also disappoint.
Although, There was no downfall today. the top companies of IT Sector behaved in the manner as expected. TCS, Mindtree,
Shriram Transport Finance – All set to rally?
After a steep fall from 1289 to 1050 levels, looks like Shriram Transport Finance NSE:SRTRANSFIN has been slowly rising upward.
I can see that the stock has taken support between 50% and 61.8% of the previous uptrend, and has formed a Morning Star Reversal pattern.
Good opportunity to go long here with a stop loss of 1139 for successive targets of 1237 and 1289.
However, one has to watch out for result to be declared on July 26.
Disclaimer: Views expressed here are my own, and should not
SLong
Nifty Metal – Temporary Bottom in place ?After a long downtrend from 4300 levels, looks like Nifty Metal index NSE:CNXMETAL has managed to get some support at least temporarily at 3320 levels.
It will be interesting to see what happens at the trendline resistance which is currently around 3700 levels.
I can see a Double Bottom here with positive divergence and also a Morning Star formation.
Good opportunity to go long on metal stocks like Tata Steel, Hindustan Zinc which are showing a similar pattern, with a small stop loss.
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