Play With Candle Sticks

[kindman]

Hai Friends

I Opened This Thread To Learn More About Candles

Stock Name : Radico Cmp 170 Rs

Candle Pattern : White Soldiers 3+ Bullish Hammer

Trend: Bullish

Brearish Trend Channel Changed

Macd : Buy

Support :155/140

Target ====180

 

[renu daga]

HI
very goodddddd.
this is the only thread this,,forum was missing,,,hope we all make this ,,thread successfull..
secondly make more .appropriate indications by marking teh candles,,,,and lay stress,, as how the tgts are ,,made...so that the newbiews if u wnat cam clearly and very easily learn,,,,
because what i think candlesticks is the most easy,,,part of technicals analysis,,,and secondly teh chrat paterns

renu

 

[johnbest]

dear kindman


thanks for starting the post.....now-a-days, I am re-studying eek candlestick pattern......your thread will definitely help me and others...

by the way I am attaching the image with some modification pls take the trouble to explain it?

have a nice day
JB

 

[kindman]

Stock : Adani

Cmp : 344 Rs

Trend : Bullish

Pattern : Bullish Triangle Wedge Break Out

A Big Upword Can Be Expected

Sl: 332/330 Closing

Target : 355/60 If 360 Breaks Then Double Top Breaks Blast

 

[kindman]

Stock : Optocircut
Cmp:450

Trend : Bullish

Candle Pattern: Bullish Engulf ( See The Last Two Candles: Red Candle Is Swallowed By White Or Green)

July 18 /19 Stock Was At 450.. And Jumped From There

Aug 30/31 Stock Having Same Pattern

Jump Can Be Expected

Big Support 420--25 Level

Target : 470/480 Rs

 

[kindman]

Opto Circuit Chart

 

[kindman]

STOCK NAME

DRAGON FLY DOJI+ BULLISH HAMMER

 

[swagat86]

I think u need to read some more material on what is Double top and whats not.

 

[kindman]

I think u need to read some more material on what is Double top and whats not.

SWAGAT MY DEAR...

WHO IS WRONG?? ME OR YOU??
EXPLANATION OF DOUBLE TOP

For a double top,
prices rise to a certain level and then retreat because the supply outstripped the demand at that level.
If prices rise again to the level at which they retraced before, it is called a double top.
If prices continue to carry through that level, a double top breakout is recognized by our alert system.
The double top breakout alert implies that the buyers are now creating more demand than there is supply at the level of the double top and we have a breakout

SEE MR SWAGAT DONT EXPECT MORE REPLY FROM ME....

 

[Prabhjeet]

SWAGAT MY DEAR...

WHO IS WRONG?? ME OR YOU??
EXPLANATION OF DOUBLE TOP

For a double top,
prices rise to a certain level and then retreat because the supply outstripped the demand at that level.
If prices rise again to the level at which they retraced before, it is called a double top.
If prices continue to carry through that level, a double top breakout is recognized by our alert system.
The double top breakout alert implies that the buyers are now creating more demand than there is supply at the level of the double top and we have a breakout

SEE MR SWAGAT DONT EXPECT MORE REPLY FROM ME....

kindman i think what swagat is pointing out makes sense. A Double top is formed when price reaches the level of previous top and retrace back fom there but in your chart the price has not retraced back from the previous top , instead they have gone straight through it, so that means its a single top and not double top