Nifty open with negative note and rangebound throughout the day. Nifty has formed another Doji candle on daily chart, which indicate indecisiveness among bulls and bears. Index find immediate support at 22303 level and resistance will be 22520 level. This suggests caution and the need for careful decision-making in the current market environment. ⚠️...
Index open with positive note and made all time high that is 22440. Index has formed Doji candle on the daily chart at the top of the market which indicates thug of war between buyers and sellers as the closing was near the opening levels. We may see trend reversal in near future. Next levels for nifty will be 22520 upsides and 22303 level downsides. ⚠️...
January ended with a Doji candle, a symbol of uncertainty and often when seen on the tops a prelude to reversals. But for a reversal of the trend, confirmation will be needed and we know that the underlying trend is bullish, so in this context we can use the doji candle to understand whether it will make a retracement or not, using the highs and lows of the...
Long Legged Doji signifies the market reaching an equilibrium with a possible reversal to follow. We've also received our allotted 5 months of green candles, which generally is the max for an impulse on the monthly. Simple idea here, will update the other timeframes. Not financial advice Do your own DD
This is a daily Boeing chart with the idea on the chart in the text. There may be a good entry before earnings using a stop loss under the POC line and an ultimate target of the projected trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation and its sequelae. A megaphone pattern demonstrates increasing volatility in...
TSLA breakout failed to end the year but is now currently backtesting the trendline. It's been surfing the 200 EMA, and If that holds, this seems like a great risk reward spot to go long. A red to green open would provide a great entry. 5 straight days down and then a doji candle smells like a possible reversal as well. Initial Targets $250 $265
Historically a break of a Rising Wedge, especially after a weekly Gravestone Doji just printed at the top of the trend while under previous resistance likely means we are a go for ALT ignition sequence...
Divergence in both, RSI and MACD Possible reversal to target tje 0.5 zone of fibbonacci?
Today session is ending with indecision candle at 61.8 Fibo resistance level. Possible some move down. Trade carefully!
Double TOP + Bearish DOJI on weekly chart. Take care.
Good short opportunities after a Monday of possible contraction of the asset. The last daily candle rejected by a strong supply indicates bearish continuation; the area between the current low and the 50% retracement appears to be an excellent rangebound area therefore contraction zones could be created before the descent. In the event of a bearish breakout, a...
Hey traders, get ready to ride the wave of profits with an exciting setup on the S&P 500! 🌊📊 A golden opportunity has surfaced, and it's time to capitalize on a potential bullish rally. In the 4-hour timeframe, we're witnessing the stars aligning for a buying spree that could lead us straight to the coveted 4570 target. 🎯🦅 The Double Bottom Delight: Hold tight as...
The market today gave a positive closing above 50 days EMA which was at 19285 which was a good sign but the candle that we saw today was a DOJI candle or a Perfect DOJI candle. This means that the market is indecisive. Only if the support at 19285 is held tomorrow or for the reminder of the week, Nifty can think of a recovery. Supports on the lower side for Market...
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...
Based on the provided chart analysis, here is a revised summary of the current market situation: On the daily timeframe, the market formed a perfect Doji candlestick, indicating indecision among market participants. It opened within the previous day's high and fell to 45000, where it found support and staged a recovery in a V-shaped pattern. The market then...
Shree Cement(stock symbol: SHREECEM) has been forming an ascending triangle pattern since April 2022, but recently it broke the pattern with a gap down. However, it managed to recover and is currently retesting the lower trendline. During this retesting phase, the stock is forming dojis, which could potentially act as a trigger for a further move. To implement a...
After a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major...
After an indecision pullback to retest a 4H bullish engulfing, I took a long position based on the higher high and retest of the 30MIN. I'm taking long positions based on the 23.6 retracement of the daily chart. I expect for price to continue to make higher highs as I believe this uptrend is still strong.