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Bullish Engulfing

A BULLISH MOVE IS BEING EXPECTED IN CARERATINGCARERATING seems to look positive on the chart, currently at around 615. It is being expected that the stock can initially face a Resistance at around the levels of 651, 678 and 720. Whereas on the downside levels, it can face a support at around the level of 602 on a closing basis. Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:CARERATINGLong
by alokdaiya
DEEPAK NITRITE - Bullish Engulfing at Retest - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:DEEPAKNTRLong
by TradewithAditya
Cool Entry Strategy - Bullish Engulfing in Key LevelsYou are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators. The base success rate of this strategy was over 60% for me and by applying some filters and considering some best practices and being experienced in it, I could increase its success rate up to 76%. This strategy is a combination of a Bullish engulfing candlestick pattern, pivot points, and key levels. By key level, I mean a trend line or a horizontal resistance/support line drawn by you or your added indicator. We can assume the base requirement of the strategy meet if a Bullish Engulfing (BE) pattern takes place near a key level or a pivot point. We will use the Trend Key Point indicator to draw horizontal key levels and key points. It marks pivot points with a sign above and below the candles. If the pivot point is important, the indicator will draw a horizontal line as a key level. In this strategy the LL pivots are important to us. All necessary details will be applied to your chart by adding the indicator to it. You can also read more about Trend Key Point guide and best practices here . There is also an indicator for finding and highlighting Bullish Engulfing patterns called Common Candlestick Patterns . By adding the indicator, you will see too many highlighted patterns because there are active by default. Therefore, after adding the indicator to your chart, you need to open its options and uncheck all except the Show Bullish Engulfing one to highlight just Bullish Engulfing patterns. After adding indicators, you need to wait and capture entry points in a suitable state. But there are some tips and best practices we need to jot down to distinguish between good and bad states and increase the success rate of the strategy. I list below: Ignore a BE pattern that does not occur at a key level or is far from key levels. It’s a good sign if the BE pattern occurs on an LL pivot point (a candle that has a star under it) which meets a key level. BE pattern must have an acceptable and strong body. You can ignore weak candles. Ignore the BE pattern formed just below a resistance or potential reversal area. It excites me to see a BE pattern at the lower point of the price but a BE at the end of correction sounds good too. If the BE pattern occurs on the LL pivot seeing a key level and the volume also confirms that by crossing the VMA20 (volume moving average length 20), you can enter definitively. If the entry requirements are met, the closing price of the BE pattern will be my entry point. Do not enter if the green candle of the BE pattern is abnormally big. You can wait for a pullback or you can ignore the pattern. BE pattern in the bottom of a range box could also be a good chance to enter but you have to be careful where the range is. As you read before, this article is about finding the entry point and after clarifying that it's time to find out where you need to put your stop loss and your take profit but, these topics not fit in this article. You can refer to the other available resources covering these topics. Both of the indicators mentioned are developed by myself, so I tried to apply my best practices to them. I hope it was useful for you. Feel free to submit your comment to improve the strategy or the indicators.
by bhnmzm
2
XAUUSD Good buy area!Hey guys, Based on the chart there is a good buy opportunity for XAUUSD. So lets check the chart with us and see what is happening: ------------------------------------------------------------------ 1. Breaking the bearish trend line ( Bullish ) 2. Bullish Engulfing candlestick ( Bullish ) 3. Breaking a resistance area strongly and a pullback is happening ( Bullish ) ------------------------------------------------------------------ So these 3 reasons and good risk reward ratio lead me to be buyer at this area. We're trying to consider both bullish or bearish signals in each chart and compare them with each other. But at this chart we don't see bearish signals right now. ** Considering risk management rules is a necessity! Finally it was our idea about the next movement of XAUUSD. So lets see what do you think? bullish or bearish? Your idea is valuable for us so please bring your reasons in comments. Thanks for being and supporting us!
FOREXCOM:XAUUSDLong
by Brian_Philips
AMD: Complete Multi Time Frame Analysis (H, D and W charts)!Hello traders and investors! Let’s see how AMD is doing today! It has been a while since I analyzed it, so we have a lot to update. This is going to be a Multi-Time Frame Analysis (MTFA) and we’ll study the 1h, D and W charts. First, in the 1h chart, we see that the short-term trend is clearly bullish, the only problem is the resistance at $ 106 , which worked as a resistance multiple times in the past. Now it is the best time for a pullback to the 21 ema, and this wouldn’t ruin the bull trend – in fact, it would be an opportunity to buy at a cheaper price . If we break this resistance, we’ll seek the next resistances in the daily chart: Considering that AMD did a false breakout from the previous support at $ 106.98, and that we have a congestion in the mid-term, we can assume that AMD will seek the next resistance at $ 114.49. But remember: We must defeat the first resistance in the 1h chart. This congestion is annoying, but it seems to be just a sideways correction when you analyze the long-term trend: In the weekly chart, AMD is in a clear bull trend, and the pullback seen in the past weeks might be just the price trying to get closer to the previous support level around the $ 99s (black line) . In addition, we are just above the 21 ema. Now that AMD reached this support, it is doing a nice Bullish Engulfing , a classic bullish reversal pattern. The only thing I miss is a good volume , but we have more positive signs than bearish. Let’s follow AMD closely from now on, and remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it! Have a good day!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
5