Sintex have shown good breakout sign and one can consider target of 94 and 104 in near term with stop loss of 84.
Showing posts with label Candle Stick chart. Show all posts
Showing posts with label Candle Stick chart. Show all posts
Wockhardt breakout
After posting good result this stock has given breakout above 1600 level and it now becomes good candidate for buying with target of 2000 and Stop of 1450
L&T refueling . . .
L&T had a very good upmove. Now we see evening star formation. In case L&T trades below 1698 it will correct till 1630 levels just to refuel and fire a new rally. Target of 2100 was already given earlier.
Nifty Doji.
If Nifty opens below 8914 we can expect small correction due to doji.
Here confirmation of reversal comes only after the first few trades on next day.
Nifty Doji: Might correct in coming sessions
Doji in Nifty indicates a correction for rally which started from 8100. Correction upto 8350 expected in coming few sessions.
Nifty Correction complete
Morning star doji indicates the completion of the correction in Nifty.
A very bullish reversal signal at the bottom of the down trend.
Nifty Correction likely to end
Nifty correction is likely to end if it trades above 7300 in the coming week.
Will L&T continue its uptrend.
Considering the "long lower shadow" pattern in L&T. If it trades above 1269 then the uptrend will continue.
Nifty 5970~6000 support firming up
As already pointed in earlier posts 5970 is acting as good support for Nifty.
Now we have Hammers at bottom of the current correction.
Now we have Hammers at bottom of the current correction.
Nifty Recovery held by Doji
Nifty recovery is held by Doji and closing above 6100 will be difficult for next week.
Hammer in Nifty .
Hammer ends the current bearish correction. Will see some upward movement in next week.
Doji Confirmation on Nifty
Doji confirmation in Nifty means that the corrective down trend has ended. As stated earlier SL of 6100 can be maintained
L&T - Engulfing Bullish Line
There is Engulfing bullish line in L&T and next 5~7 days it will see some rise.
Bata India reaction completed
After breakout above 1000 Bata has now reacted and given buying opportunity with SL of 1000. Inverted black hammer is confirmed since it traded above yesterday's candle
Reaction in Nifty can end with this Doji
After breaking out above 6350 today we see doji.
If Nifty trades in positive tomorrow we can see it making new lifetime high.
Nifty might see some weakness due to Doji
Near earlier high of 6210 we have a doji seen. This can cause small correction if Nifty trades below 6200.
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