Bajaj Finance looks good on chart forming hammer on daily chart if by end of the day you see hammer pattern on daily candle then carry your position else exit
A hammer candle has formed on JSE:MNP at a strong support level that goes all the way back to 2015/2016. I think it's possible for a bounce off of this level and a nice upward move from here.
Big falling wedge on LAC here- Played the last run-up when it was setting up very similarly to how it is now. Clean Bullish hammer bouncing right off the 200-day EMA, some bullish hidden divergence on the RSI, MACD golden cross. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance...
Clear bullish hammer reversal on the 3d. We bounced off the 200MA and the POC for the range. I expect an imminent breakout of the downtrend and test of the triangle. Target is 50k until March where we can expect further information on a potential rates increase and quantitative tightening. Ideally, we need the current candle (following the hammer) to close green.
Hello traders and investors! Let’s see how the SPX is doing today! In the 1h chart, it is clearly in a bull trend, doing higher highs/lows. There’s not a single bearish candlestick/chart pattern around, so all we can assume is that the trend will persist, until a clear reversal occurs (Dow Theory, 6th tenet). If it loses again the purple line, then it’ll ruin...
- The huge CME gap on bitcon futures has been filled on the weekly time frame. - Also we have a bullish reversal candle - hammer, which indicates trend reversal. - The price is printing higher highs and higher lows, that is ofcourse very bullish. - ABC correctnon (5-3-5) completed successfully (see my related idea for detailed Elliott Wave count below).
Just an insane day in the Markets, As we knew.. we did not hold short. What did we know, we look for a reversal. We hit our outside quarter target and fell a bit more towards our 420 level before ripping almost 20 points into the close. Is this the bottom? It does NOT MATTER. We trade what we see, each day is a new day. This market can fall just as quick. We add...
Techmahindra made an hammer pattern on DAILY Charts. Indicates trend recersal on the upside, could be bought for bigger targets or as BTST
As you can see on the SBEV chart, there is a build-up of tension towards the end and an inverted hammer candle. The long upper wick of the candlestick pattern indicates that the buyers drove prices up at some point during the period in which the candle was formed, but encountered selling pressure which drove prices back down to close near to where they opened....
We can see on the chart that there is a reverse hammer, but we still need a confirmation too see if it is going to be an uptrend or a downtrend
TDOC : One of Cathie Wood's big holdings. After being totally destroyed TDOC stock is showing some positive signs of a reversal : 1. Hammer candle on daily (which will have to be confirmed by one or two more candles, i.e. follow through). 2. Bullish divergence RSI-PRICE 3. Price just below historical support-resistance zone . I don't like that fact that...
CARERATING seems to look positive on the chart, currently at around 615. It is being expected that the stock can initially face a Resistance at around the levels of 651, 678 and 720. Whereas on the downside levels, it can face a support at around the level of 602 on a closing basis. Disclaimer: No financial information whatsoever published here, should be...
ENPH starting to look really nice here after pulling back to the 200-day EMA following new ATHs. Big falling wedge forming on the 4-Hour and Daily Timeframes. Certainly a longer-term play, however, bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some...
Previously, I outlined two possible trades on SQ. Short below 170 to the gap fill or buy the double bottom. If you took the short, you would have made it halfway to your target (the top of the gap fill). After the recent candles, Ive spotted a potential bullish divergence outlined on the chart. That combined with the hammer candle at support leads me to believe...
Analysis Forecast: Expect Rebound towards US$210 Mid Term Bottom / Potential Accumulation Phase Analysis is For: US/HK Market Bottom Fishing (Position Trading) Single Stock Tactical Allocation Supporting Technical Observations: 1. Hammer Pattern formed on Weekly Chart 2. Fund Flow Index (FFI) Positive Divergence 3. Relative Strength Bottoming Stop Loss...
Gold is bouncing back by taking support with hammer candle at parallel channel's bottom, and also follow up. If it holds hammer's low, then it can show momentum towards top of the channel and more. As per waves structure it's like running flat, in parallel channel as corrective phase, now we can assume that impulse is going to begin or already have started....
Just posting a quick update here as GS has pulled back with the broader markets- Still bullish as GS respected support nicely and is holding within a nice falling wedge. Buyer volume starting to pick back up along with some bullish hidden divergence on the RSI & a golden cross on the MACD. Bullish and will be looking for a breakout from this wedge (Broader Market...
On the 1 Hour Chart of SUNPHARMA, we can see some beautiful bullish Formations of "Bullish Harami", "Hammer" as well as "Inverted Hammer" on the downside levels of the stock. Thereby, indicating a very strong bullish momentum in next trading sessions. In addition to this, the stock seems to be facing a support at the level of 746.25. As plotted and explained in...