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Power of Inside Bar - Cingniti TechInside Bars if used wisely, can give us astonishing results in Trading. Let's understand this scenario. Stock Name - Cigniti Tech After 20th Feb 2023, on D TF, this counter merely had any move! More or less it had inside Bars with totally squeezed close prices compared to earlier close. if you observe, closing prices are getting squeezed day by day with drying up sales volume. This indicates sellers are loosing control & buyers ay pitch in! Following are reasons for my Long view - 1. Stock is in Up Trend. 2. Stock prices are above 200 EMA 3. 10 & 20 EMAs are above 200 EMA. 4. RSI has crossed 55 5. Nifty IT index is in uptrend, so sectors is booming. So my entry would be on crossover of high of 7th Feb. Same setup & logic can be applied while entering stock on 3rd March, as its crossing previous high of 2nd march for a quick move on upside.
NSE:CIGNITITECLong
by Saishayu_Option_Scalpers
cmsinfo in an upward movementOn 26.12.2022 the stock bounced from a low of 270.10 with a big bullish candle on the 4 HTF. This big bullish candle indicates the institutional buying meaning this would be a good demand zone. The stock then made a high of 270.10 before moving in a sideways zone for the next one month and the downtrend had begun. The stock moved towards the demand zone. Now on 28.02.2023 there was an entry of institutional orders which has taken the stock out of the demand zone. With this buying coming into place we can anticipate the prices to move higher. Buy @/above 295 Target = 310/320 Stop Loss = 270 Investments in stock market are subject to risks. Past performance of stocks is not indicative of their future performance. We make no representation/s or warranty/ies, express or implied, as to the accuracy, completeness or reliability of any information compiled herein, and hereby disclaims any liability with regard to the same, including, without limitation, any direct, indirect, incidental or consequential loss. Investors are requested to review the stocks before investing.
NSE:CMSINFOLong
by ruelfernandes
Could this be the end of Gold corrective bearish trend?Approximately two hours ago, my market analysis indicated a high probability of an impending Gold price rally. As anticipated, the price has since moved by 80 pips, confirming my initial prediction. My technical analysis has identified a significant harmonic reversal pattern on the M30 chart for Gold, which provides further validation for my bullish bias. Furthermore, the bullish crab pattern observed in the chart analysis suggests that the corrective bearish move on the pair may have reached its conclusion . Note that price has reached the supply zone, which serves as my first profit-taking zone. In the event that the supply zone and harmonic pattern hold, I anticipate a potential temporary drop in price to 1810-1811 in order to respect the supply zone, followed by a continuation of the bullish move towards completing the reversal at 1825.75.
PEPPERSTONE:XAUUSDLong
by Samuel124