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Candlestick Analysis

gbpusd shortsprevious week closed with a reversal candle after taking buyside external range liquidity. Monday opened with a bearish expansion leaving a bearish fvg untapped. Tuesday traded as an inside bar candle. today takes both Monday and Tuesday highs into a bearish fvg and a 4hour bearish orderblock from last week. smt with eurusd is confirmed with eurusd failing to take Monday highs. a 1hour cisd confirms the daily bearish bias. taking the trade after 1hour cisd and targeting Monday lows for a 1:4R
Short
by TYCOON_TRADES
Balkrishna Industries Ltd (NSE) — Positional Long Setup | 1DPrice: ₹2,571 Timeframe: Daily Trend Type: Medium-term bullish reversal / retracement continuation 🔍 Technical Overview Balkrishna Industries has completed a major corrective phase and is now trading within a well-defined Fibonacci retracement zone, indicating accumulation after a prolonged downtrend. Key observations: Price has respected the 0.5–0.618 Fibonacci retracement support zone (₹2,405–₹2,535), suggesting strong demand. Formation of higher lows indicates gradual trend reversal. RSI is turning upward from lower levels, signaling improving momentum. Volume expansion near the base supports accumulation behavior. 📐 Key Levels (Fibonacci Based) Strong Support Zone: ₹2,405 – ₹2,535 (0.5–0.618 retracement) Immediate Resistance: ₹2,745 Target 1: ₹2,956 (-0.382 Fib extension) Target 2: ₹3,081 (-0.618 Fib extension) Extended Target: ₹3,375 (previous supply / range high) 🎯 Trade Plan (Positional) Entry: Buy on dips near ₹2,520–₹2,560 Or on a daily close above ₹2,745 for confirmation Targets: 🎯 T1: ₹2,956 🎯 T2: ₹3,081 🎯 T3 (Positional): ₹3,350+ 📌 Conclusion Balkrishna Industries is showing early signs of a trend reversal after a deep correction. As long as price holds above the ₹2,405 support, the structure remains bullish, with upside potential toward ₹3,000+ in the coming months. ⚠️ Wait for confirmation and manage risk as per your trading plan.
NSE:BALKRISINDLong
by TEDXTradesindia
How to Trade Price Action Patterns in TradingViewHow to Trade Price Action Patterns in TradingView Master price action pattern recognition using TradingView's charting tools in this comprehensive tutorial from Optimus Futures. Price action patterns are among the most time-tested technical analysis methods available. They help traders identify potential reversals, continuations, and high-probability entry points directly from candlestick formations. What You'll Learn: Understanding price action patterns: reading market psychology through candlestick formations The two main pattern categories: reversal patterns and continuation patterns Essential reversal patterns: pin bars, engulfing candles, and double tops/bottoms How pin bar wicks reveal price rejection at key levels Bullish and bearish engulfing patterns for identifying shifts in control Double tops and bottoms as significant turning point signals Key continuation patterns: flags, triangles, and inside bars Using TradingView's built-in candlestick pattern recognition indicators Manual pattern identification techniques and optimal timeframes Practicing with TradingView's bar replay feature The importance of context: trading patterns at support and resistance zones Entry timing: waiting for confirmation candles Stop placement strategies for different pattern types Calculating measured move targets for profit-taking Multiple timeframe analysis for added conviction Combining price action with volume analysis for confluence Aligning patterns with Fibonacci levels and prior swing points This tutorial may benefit futures traders, swing traders, and technical analysts who want to read price action directly without indicator lag. The concepts covered could help you recognize high-probability setups, time entries more precisely, and understand the buyer/seller dynamics behind each candlestick formation. Learn more about futures trading with TradingView: optimusfutures.com Disclaimer: There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary. This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools, not forecasting instruments.
COMEX:GC1!Education
by Optimus Futures
TECHM bullish breakout above. Resistance Buliish breakout above, resistance, Price has confirmed a bullish breakout above a key resistance zone, indicating a potential shift in short-term trend. The breakout is supported by a strong reversal from the Fibonacci 0.5 retracement level, which previously acted as a demand area. This confluence of resistance-turned-support and Fibonacci support strengthens the bullish bias. If price sustains above the breakout level, momentum continuation is likely. 📈 Trade Outlook Bias: Bullish Confirmation: Sustained price action above resistance Upside Potential: 4–7% in the near term Invalidation: Breakdown below the 0.5 Fibonacci support Conclusion: As long as price holds above the breakout zone, the structure favors buyers. A continuation move towards higher levels is expected, while failure to hold support may lead to consolidation or a pullback. ⚠️ Trade with proper risk management and confirmation from volume or momentum indicators.
NSE:TECHMLong
by TEDXTradesindia
Karur Vysya Bank Ltd (KARURVYSYA) – Weekly Chart AnalysisTrend: Strong Bullish Timeframe: Weekly CMP: ~₹296 🔍 Technical Overview The stock is in a clear higher high–higher low structure, confirming a strong primary uptrend. Price has decisively moved above the 0.382 Fibonacci retracement (~₹304) zone and is consolidating just below the 0.618 Fibonacci extension (~₹321–322). The recent rally shows strong bullish momentum supported by volume expansion, indicating institutional participation. Relative Strength vs NIFTY is rising, showing outperformance. 🟢 Key Levels Immediate Support: ₹275–280 (Fib 0 level / demand zone) Major Support: ₹245–250 (0.382 Fib retracement & prior breakout base) Immediate Resistance: ₹320–322 (0.618 Fib extension) Next Upside Targets: 🎯 Target 1: ₹320 🎯 Target 2: ₹340 🎯 Target 3: ₹360+ (on sustained breakout and retest) 📈 Trade Plan (Positional / Swing) Buy on dips: ₹280–290 zone Aggressive Buy: Weekly close above ₹322 with volume confirmation ⚠️ Risk Factors Failure to break ₹320 may lead to short-term consolidation. Broader market weakness could delay upside but structure remains bullish unless ₹270 breaks decisively. 🧠 Conclusion KARURVYSYA is structurally strong on higher timeframes. As long as the price holds above the ₹275 support zone, the bias remains bullish with ₹320+ as the immediate breakout trigger. Suitable for positional traders and long-term investors tracking banking sector strength.
NSE:KARURVYSYALong
by TEDXTradesindia