Inside Day Candlewe can identify a candle stick pattern here after the last closing thats inside day candle. How to trade this? over all its too extended as of now a correction is expected and we should wait for it to take a bounce from the support level. However as per the books we wait for a breakout on either side of the candle and take the trade in that direction. Its surely very bullish!!
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Still Looking GoodYesterday we saw a pattern that is piercing line candle its bullish today it opened with a gap up but could not take off at the same time it did not close below yesterday candles close. Still its making price action i have a feeling it will give a big move to the upside very soon. Just stalking this one as of now.
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Aman Power HouseVery strong uptrend it broke a major resistance today and the same level should now act as support. As of now its too extended it can retrance any moment. Its good to wait for it to come to support level and thn take the trade.Over all very bullish in a strong uptrend.
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UPP Bullish Divergence?I can see a bullish divergence and today it have made a bullish candle stick patter - piercing candle. Still i am not ready to enter as i think it can be very choppy. I am waiting for it to cross 0.310 that will be confirmation as it will take out the previous swing high and also start to make a higher high bullish patter. Till thn stalking ;)
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Emaar DevelopmentsIt broke out of the bullish cup & handle pattern and made a nice high. Thursdays session it could not manage the highs and the candle that we can see is bearish that is inverted hammer type of candle indicating selling pressure. No the trend is not bearish only the candle as of now. I think if it wants to retrace it can come down to 2.35 level and take a bounce to the upside. Over all bullish
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Emaar BreakoutIt have finally made a breakout of the triangle pattern it opened with a gap up indicating buyers are ready to enter at the higher prices but at the end of the trading session it just closed at 2.99 still its good. We have seen 2.95 is a strong level earlier it was a resistance and now it should act as a support so good buying level at 2.95. Bullish
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UPP Bullish DivergenceIts getting interesting, firstly it have broken the trend line and secondly i have seen a bullish divergence this occurs at the end of a downtrend. I have still not entered the trade i am stalking this one and waiting for a nice setup once it crosses 0.310 as its tricky and take a U turn anytime. So lets keep an eye on this one.
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AmanIts in a strong uptrend as of not under retracement there are 2 scenarios that i can see after making a inside day candle. I will wait for the breakout on either of the side and decide my trade. Over all its bullish and the trend is intact it have just taken a bounce from first level of support area.
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