thelongcandle

thelongcandle

EASY TRIP PLANNERS LTD - EASEMYTRIP(NSE) has been forming a Rising Wedge Pattern since November 2021. As Rising Wedge is a trend continuation pattern, a long red candle cutting the red line downwards is a sign of bullishness which can be utilized for Intraday Short-Selling. Also a bounce-back from the red line can be utilized for a buying opportunity, keeping the...

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RBL BANK LTD - RBLBANK(NSE) has been forming a Flag Continuation Pattern since April 2021, when viewed in a 4hr chart. A long candle cutting the rectangle upwards is a sign of bullishness and a strong buy signal. Also, a bounce-back from the lower boundary is a strong buy signal, keeping the target as the top boundary of the rectangle. In this case, the target...

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BHARAT HEAVY ELECTRICALS LTD - BHEL(NSE) has been forming an Ascending Triangle since May 2021. A bounce-back from the bottom boundary of the triangle can be a good buy signal, keeping the green top line of the triangle as the target. On the other hand, if a long red candle cuts the triangle downwards, an Intraday Short Selling can be performed, keeping the target...

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INDIABULLS HOUSING - IBULHSGFIN(NSE) has been forming a Rising Wedge Pattern since April 2020. A long, red candle cutting the bottom boundary of the Wedge downwards can be utilized for Intraday Short Selling, where the price can fall till 203 i.e., the red dashed line, as per historical data. Also, a bounce-back from the red line i.e., the bottom boundary of the...

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TRIDENT LTD - TRIDENT(NSE) has been forming a Bullish Rectangle since the start of December 2021. A long candle cutting the top green line upwards or a bounce-back from the bottom red line can be considered as a good buying opportunity. In the second case, the top green line can be set as the target. Watch out.

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HFCL LTD - HFCL(NSE) | ASCENDING RECTANGLE has been forming an Bullish Rectangle since August 2021. A long candle cutting the top green line or a bounce-back from the bottom red line can be considered as a good buying opportunity. Those who have existing holdings can utilize the red line as an apt price range for averaging, after a bounce-back is confirmed.

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INOX LEISURE LTD - INOXLEISUR(NSE) has been forming a Symmetric Triangle since December 2021. From historical data, price range 355(red, dashed line) had acted as a strong support, which caused a rally till 510(green, dashed line), in around 4 months. Hence, a long candle cutting the triangle upwards can be considered as a good buying opportunity, keeping the...

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RANE BRAKE LINING - RBL(NSE) has been forming a Bullish Pennant since a few days. A long candle cutting the Pennant upwards can be considered as a good buying opportunity. A rally from 784(red, dashed line) till 919(green, dashed line) had happened twice in the past, out of which one occurrence has been plotted by the yellow, curved arrow in the chart. Hence,...

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JAIPRAKASH POWER - JPPOWER(NSE) has been forming a Bullish Pennant since a few days. A long candle cutting the pennant upwards can be considered as an intraday buying opportunity. Since the stock is on it's ATH(All Time High), it is hard to determine a target level up to which the price can move, after the breakout. However, performing an Intraday Scalping can...

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BIOCON LTD - BIOCON(NSE) has been forming a Flag Continuation Pattern since the start of 2021, when viewed in a day's period. A price level of 372(red, dashed line) had acted as a good support and the price had bounced back from there till 479(green, dashed line) in the past. Hence, a long candle cutting the rectangle upwards can trigger a rally till 479, which...

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C.E. INFO SYSTEMS LTD - MAPMYINDIA(NSE) has been forming a Symmetric Triangle since the start of the year. The blue line i.e., had acted as a good Resistance as well as a Support as shown in the figure, as indicated by the two yellow, curved arrows. In short, a long candle cutting the triangle upwards can trigger an upward move till 1876(green, dashed line) and a...

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RELIANCE POWER - RPOWER(NSE) has been forming a Bullish Pennant since August 2021, when viewed in a 3hr chart. A long candle cutting the upper boundary of the pennant(green line) can be a good buy signal. Watch out thoroughly for a month or so for a breakout.

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SORIL INFRA RESOURCES LTD - SORILINFRA(NSE) has been forming a Falling Wedge pattern since May 2021, when viewed in a day's timeframe. As depicted in the chart, it is on the verge of a breakout as it has already crossed the upper boundary of the wedge(green line of the triangle). However, wait for a day at-least to detect a long candle cutting the wedge upwards,...

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BAJAJ AUTO LTD - BAJAJ _AUTO(NSE) has been following a Flag Continuation pattern since May 2021, when viewed in a 4hr time-frame. During the times when the red dashed line i.e.; 3446 had acted as a good support in the past, the price had rallied till 4344(green dashed line), as depicted by the curved, yellow arrows. Hence, a long candle cutting the rectangle...

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AVENUE SUPERMARTS - DMART(NSE) - has been following a Bearish Pennant pattern since October end. A long candle cutting the support line(red line) could be a good short selling opportunity, keeping a target at 4363(dashed red line). The blue dashed line denoting a price range of 4554 had acted as a good support range many times in the past, and once the price had...

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Aurobindo Pharma - AUROPHARMA(NSE) has been forming a Rising Wedge pattern since the mid of November. A long red candle breaking the wedge support line(red line) could be a good shorting selling opportunity, keeping the target as 675. The dashed green line, 714 had acted as a strong resistance, and the price had fallen till a support range of 675(dashed red...

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Asian Paints Ltd - ASIANPAINT(NSE) has been forming a Bullish Rectangle since May 2020. A bounce back from the support line(red) could be an excellent Swing Trading Trading opportunity. Also, a long candle cutting the resistance line(green) can be a buying signal too.

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Adani Port Special - ADANIPORTS(NSE) has been forming a Symmetric Triangle since June 2021, when viewed in a 3hr time-frame. Since, 720 (dashed red line) has been acting as a good support zone and the stock has already bounced back from there, a rally can happen till 794(dashed green line) if a long candle cuts the triangle upwards. Please see the 1hr chart below,...