MapmyIndia (CE Info Systems) presents a compelling prospect for swing traders. Combining innovative technology with mapping solutions, MapmyIndia has established itself as a leader in the navigation and location-based services industry. Reasons are listed below : The 1600-1700 range, once a challenging barrier, has now transformed into a strong support...
A potential swing trade opportunity in Cyient , a leading global engineering solutions provider, renowned for its innovative approaches and commitment to sustainability. Reasons are listed below : The stock is currently retesting the significant resistance level of 1800, which historically served as a strong barrier. This retest could indicate a potential...
Market opens at Yesterday’s closing price. Nifty formed Dragonfly Doji on daily chart with long lower and long upper shadows, which indicates thug of war between buyers and sellers which shows indecisiveness among them. Candle is formed exactly on 9 days Exponential Moving Average line. Further levels for nifty will be 22272 level will work as support and...
Nice dragonfly doji day candle. I believe we will fill the gap tomorrow if we can hold 4730. The LL (lower low) today was major. However, the reversal was strong on the RSI on 5 min chart. So I'll be looking for a hold above 4730 and then another hold at 1/17 HOD (high of day) of 4745.
A Dragonfly Doji is a candlestick pattern characterized by a long wick or shadow that is significantly longer than its body. It is considered a type of doji, where the opening and closing prices are very close together. The presence of a large wick indicates a wide trading range during the time period of the candle, while the small body represents minimal...
• The SPX is doing a bearish reversal structure, as it lost our two main support levels: The 21 ema and the 4,060; • Last Friday it tried to react, as it did a Dragonfly Doji, just above the 21 ema – However, today’s reaction rejects this bullish attempt completely; • Now it seems the SPX is seeking the next support, at 4,015; • Since the index lost the 21 ema,...
Dragonfly Dojis-GBPUSD found on the 1 HR chart. For the FMI (Forex Mastery Institute) studies.
Could get another 100 pips to downside just looking at the TL. Notice how the long wicks in prior lows form an 'ultimate tl' and after close 5/11 how price rests on the red centerline of pitchfork. NOT sayin it will go there, just watch and wait to see if it does, would hate to get caught long and get mauled, eh? IF it crushes down to target price 3842 will...
UPDATE 3/5/2022: DAILY DRAGONFLY DOJI The hits keep on coming for Donald Trump's signature social media application "Truth Social". According to The Daily Beast , "In recent weeks, sources have heard the former president on the phone swearing gratuitously and asking things like, “What the fuck is going on” with Truth Social. He’s repeatedly groused about...
Yesterday, BAT found strong support near $0.58. It bounced very quick in the same day and closed at its open price, formed a dragonfly doji candlestick. That’s an optimistic sign at least in the short term, because it seems that large traders entered the market. Low volume (locally higher buy volume). Maybe the last weak hands are eventually out of the market....
Chart - BTC on the weekly timeframe. Weekly is not the strongest macro timeframe. Sometimes proves false signals. Dragonfly / Gravestone Doji - Highlighted in the green are the dragon fly doji's (recent signal doesn't close until Sunday) - Highlighted in the red are the gravestone doji's - Arguably the strongest significant Japanese Candle Stick for trend...
Bitcoin has been lately testing the waters and Bitcoin made huge moves in downward direction that changed market sentiment from Bullish to bearish for Crypto. MAJORITY are expecting a Drop to 30k. And that is what doesn't happen very often. After what BTC did today, BTC has printed so many GREAT BULLISH SIGNS that i am pretty Confident that BTC has BOTTOMED OUT...
This is not a common occurrence, has to confirm, anyway if you are here, watch it carefully and happy EOY.
PYPL is currently on a downtrend, but there are multiple signs that the current trend might reverse. Price is falling while the Commodity Channel Index is rising - this is a very obvious divergence ... and an indication of a potential trend reversal. Taking a closer look at CCI and Price, we also see hidden divergence a couple of days ago (lower lows vs higher...
After the initial sell off after reaching a new all time high there has been strong support around the $4000 price point which is where the 20 day moving average is present, strong evidence is shown by the dragonfly doji candles at the bottom of the triangle presenting large buying pressure. Strong resistance is highlighted in the red box, if buyers remain strong...
Hello traders and investors! Let’s see how TSLA is doing today! Since our previous analysis, last week, it did absolutely nothing surprising, as TSLA just hit our second target/resistance, and we already discussed a scenario where it would do a pullback in the daily chart: “Even if it does a pullback, it won’t ruin the bullish bias. We have too many supports to...
NSE:BHEL has shown reversal sign with dragonfly doji candle at 56 level. It is also a support level which was a previous resistance. RSI(14) just entered oversold zone. If price stays above 56.90 level, it could go to 67.
Hello traders and investors! Let’s see how PLTR is doing today! In my last analysis (Feb 02, link below) I presented some reasons why we shouldn’t panic during the massive drop from the $ 44 to the $ 31. Now PLTR is around $ 36 again, trying to resume the bull trend. First thing to keep in mind: It has a solid support level at the $ 34.04 (is the gap area),...