Day Trading Stocks & Futures

[Self-employedTrader]

Doji candles predict a big correction?

It predicts resistance on the way.

 

[Riskyman]

It predicts resistance on the way.

Indecision !!

 

[timepass]

Nowadays it seems that the doji candles only predict a time correction in the ongoing bull market The bears must be pretty frustrated. Poor market breadth, but the index travels up, up and up.

Doji candles predict a big correction?

It predicts resistance on the way.

Indecision !!

 

[Self-employedTrader]

Indecision !!

besides there is a 250 points gap as shown by @TraderRavi above.

 

[Riskyman]

besides there is a 250 points gap as shown by @TraderRavi above.

Since you referred to my signature and mentioned doji, I thought you were talking about 20-30% correction.
If its a mere 250 points, I will remind you that its pocket change correction for @TraderRavi

 

[Riskyman]

@Self-employedTrader Saw your post elsewhere saying you are a candle stick pattern trader.
You will know that Doji mean indecision. While they are good indicators, much depends on where and when they form. We are going into budget next month. Market will have certain expectations. I dont see any huge sell in the build up to the budget. Market remains buy on dips. Worst case, opens up the chop shop. Just my thoughts.

 

[Riskyman]

Eicher Motors Weekly. Looks good for another 20% fall towards 16000 levels.

 

[Riskyman]

Had posted Aurobindo charts earlier saying its likely to meet same fate as Cipla. Posting again and thinking its headed down towards 500 in a few months time.

Pharma Index Sitting at support. Test at 7000 due.

 

[Riskyman]

Biocon Monthly.... Heading into the yellow zone. Maybe in one year's time after some bounces?? Dunno! but its likely to get there.

 

[iwillwin]

Doji candles predict a big correction?

Theoretically it is indecisive for retailers....