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SP commented on the post, Intraday buy fut 4 years, 11 months ago
In my opinion, currently price is at a S/R Flip, hence better to wait for a close above 365.6 (EoD), as this may be a Bull Trap. Yes, Intraday one may take chances, but should be a Quick trade, looking at 10 / 5 min TF.
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SP commented on the post, after a hammer head and doji looks like bullish 4 years, 11 months ago
If you read the Price Action (PA) as to what stopped the fall of 4/June gave a bounce & created a Doji.: DRReddy bullish as the Doji Low has hit a demand area and origin of up-move after fall of 9/11/2018. This
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SP wrote a new post, Bullish Piercing Pattern – BankNifty 4 years, 11 months ago
Bullish Piercing pattern is a reversal pattern and hence if located after a good decline in price or after a good accumulation can give huge rewards. In this two candlestick pattern, and is valid ONLY IF the
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SP wrote a new post, Bearish Piercing Pattern – BEL 4 years, 11 months ago
Bearish piercing pattern also known as Dark Cloud Cover is a bearish reversal pattern & it’s location is important. It is very effective when spotted after a good rally in price can play-out for a month giving
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SP wrote a new post, Bearish Engulfing – CONCOR 4 years, 11 months ago
A reversal candlestick pattern, hence when formed after a rally in price is very effective. Clearly indicates that the Bears have taken over the control from the Bulls. Two candlestick pattern of which the 2nd
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SP wrote a new post, Bullish Engulfing – BEL 4 years, 11 months ago
Bullish Engulfing is a Reversal pattern and is hence very effective when spotted after a good decline in price. In this the Bullish Engulfing candlestick body completely covers or engulfs the previous Bearish
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SP wrote a new post, Triangle pattern Bullish – BhArtl 4 years, 11 months ago
Five wave Triangle pattern with lower highs and higher tops formed over a period of 40+ days with lower volumes during formation of the triangle pattern and higher than average volume during breakout. Triangle
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SP commented on the post, Bearish FLAG pattern – BHEL 4 years, 11 months ago
Thank you for your kind remarks, that helps for sure.
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SP wrote a new post, Bullish FLAG pattern Bajaj Finance 4 years, 11 months ago
Since it’s a Flag pattern I am considering it as a high probability continuation pattern. Since higher volumes are observed during the Flag formation, the confidence level shown is not very high.Kindly opine.
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SP wrote a new post, Bearish FLAG pattern – BHEL 4 years, 11 months ago
Bearish FLAG pattern is formed after a steep fall in price giving a steeper pole, when this is followed by range-bound price for 3 to 7 days with lower volume during this horizontal price move forming the FLAG to
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SP wrote a new post, FLAG pattern in an Uptrend – BPCL 4 years, 11 months ago
For a Bullish FLAG pattern, we need a steep price rise (steeper pole) and a few days of horizontal range-bound movement for a few days (4 – 7 days). Price is expected to continue it’s prior trend after the
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SP wrote a new post, Accumulation pattern 'CUP' – Dabur 4 years, 11 months ago
When Institutions BUY or Accumulate huge quantities they have to buy in a range of prices and it takes much much more longer duration to accumulate & price mean while oscillates in a range forming a rounding
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SP wrote a new post, Distribution Pattern Head & Shoulders – DABUR 4 years, 11 months ago
Stronger hands deal huge quantities & when they want to square-off n book profits they do it in a price range & as the price moves down on selling they also need to raise the price by buying. This overall activity
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SP commented on the post, Bullish Double Bottom pattern – Axis Bank 4 years, 11 months ago
Got it.. will post another..soon. Thank you
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SP commented on the post, Bearish-Double Top-AuroPharma 4 years, 11 months ago
Thank you very much.
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SP wrote a new post, Bearish-Double Top-AuroPharma 4 years, 11 months ago
Double Top formed over a span of around 3 months (minimum) is a Bearish pattern subject to the 2nd condition is met that at point B (OR at point C) the decline in price is supported by above average increase in volume.
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SP wrote a new post, Bullish Double Bottom pattern – Axis Bank 4 years, 11 months ago
Double bottom with equivalent bottoms spaced around 3 moths apart is a bullish pattern, provided higher volumes are associated at point B or at break of point C (high).
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SP commented on the post, ACC very Bullish, Buy on Dips (weakness) 4 years, 11 months ago
Okay got it, thank you. I had considered minor high/low.
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SP wrote a new post, ACC very Bullish, Buy on Dips (weakness) 4 years, 11 months ago
ACC has nothing to stop this Rally, first opposite zone is around 1815. Has comfortably closed above (EoD 27/May) it’s Ist opposite
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SP commented on the post, AshokLeyland Bullish Trend using Dow Theory 4 years, 11 months ago
attached line chart
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