TWO CANDLESTICKS REVERSAL PATTERN : HARAMI
Day Trading Resources
Nature – It’s a two candlestick reversal pattern and represents indecision. It can signal both bullish or bearish reversal patterns depending upon its position, preceding price action and further confirmation. Position – It occurs at the top of uptrend for bearish Harami and bottom of downtrend for bullish Harami. First Candle – First candle has  large body with …
Hanging Man : Single Candlestick Reversal Patterns
Day Trading Resources
Hanging Man Formation in Candlestick Reversal Pattern Nature – Like Shooting Star,  Hanging man is a bearish Single Candle Reversal Pattern which is relevant when forms at the top of uptrend and can indicate short to long term trend reversal after confirmation. Real Body – It can be either red or green. Red Hanging Man is more bearish …
SINGLE CANDLESTICK REVERSAL PATTERNS: Doji
Day Trading Resources
DOJI : Bullish or Bearish, Single Candlestick Reversal Pattern It represents indecision between bulls and bears. No real body as price opens and closes at the same position. The length of the upper and lower shadows can vary and so the shape of the Doji can vary and may looks like cross, inverted cross or plus sign. …
SINGLE CANDLESTICK BULLISH REVERSAL PATTERN: HAMMER
Day Trading Resources
Bullish Single Candlestick Reversal Patterns – Hammer Candlesticks Hammer is a Bullish Single Candle Reversal Pattern which is relevant when forms at the bottom of downtrend or at the bottom of a pullback and can indicate short to long term trend reversal after confirmation. Real Body – Can be either green or red. But green Hammer is …
IMPORTANT NIFTY LEVELS WATCH FOR 13/04/2016
Nifty Today
Important Nifty levels watch for 13 April 2016 – Support 1 (S1) – 7700 Support 2 (S2) – 7665 to 7670 Support 3 (S3) – 7640 Resistance 1 (R1) – 7730 Resistance 2 (R2) – 7765 to 7777 Resistance 3(R3) – 7850 Nifty will be strong above 7700 for the target of 7730-7777-7850. Any dip at or …
IMPORTANT NIFTY LEVELS WATCH FOR 12/04/2016
Nifty Today
Important Nifty levels watch for 12 April 2016 – Support 1 (S1) – 7590 Support 2 (S2) – 7540 Support 3 (S3) – 7520 Resistance 1 (R1) – 7690 to 7695 Resistance 2 (R2) – 7730 Resistance 3(R3) – 7765 to 7777 Nifty will be strong above 7650 for the target of 7690-7730-7777-7800. Any dip at or …
IMPORTANT NIFTY LEVELS WATCH FOR 11/04/2016
Nifty Today
Important Nifty levels watch for 11 April 2016 – Support 1 (S1) – 7540 Support 2 (S2) – 7520 Support 3 (S3) – 7480 Resistance 1 (R1) – 7580 Resistance 2 (R2) – 7600 Resistance 3(R3) – 7650 Nifty will be strong above 7580 for the target of 7600-7650-7690-7730. Nifty will be weak below 7520 for the …