Latest news with #BearishEngulfing
Time Business News
08-07-2025
- Business
- Time Business News
Top 5 Candlestick Patterns Every Forex Trader Should Know
Candlestick patterns help traders understand market sentiment and identify potential price reversals. In this article, we'll cover 5 powerful candlestick patterns that every forex trader should know. A Doji forms when the market opens and closes at almost the same level. This pattern signals indecision and can hint at a potential reversal in either direction. The Hammer is a bullish reversal pattern that appears after a downtrend. It features a small body near the top of the candle with a long lower shadow. This shows that sellers pushed prices lower, but buyers fought back to close near the open. Join our FREE & PREMIUM Forex signals group Shooting Star The Shooting Star is a bearish reversal pattern. It shows up after an uptrend and has a small body near the bottom and a long upper shadow. It indicates strong rejection of higher prices and signals potential downside movement. 4. Bullish Engulfing A Bullish Engulfing pattern happens when a small red candle is completely engulfed by a large green candle. It shows that buyers have overwhelmed the sellers and a reversal to the upside may be starting. 5. Bearish Engulfing The Bearish Engulfing is the opposite of the Bullish Engulfing. A small green candle is followed by a large red candle that completely covers the first. It shows that sellers are taking control after an uptrend. Conclusion Mastering candlestick patterns can give traders a clear edge in the forex market. These five patterns are simple, reliable, and effective when used correctly — especially when combined with other candlestick-based Forex signals daily: TIME BUSINESS NEWS
Time of India
01-07-2025
- Business
- Time of India
Stocks to buy today: Titan, Marico among 7 trading ideas for 1 July 2025
The Indian market is likely to trade higher on Tuesday, tracking positive global cues. The Nifty futures closed lower with losses of 0.53% at 25,615 on Monday. India VIX rose more than 3% to close at 12.78 in the previous session. On the options front, the maximum Call open interest (OI) is placed at the 25,600 and then the 26,000 strikes, while the maximum Put OI is placed at the 25,500 and then the 25,000 strikes. Call writing is seen at the 25,600 and 25,800 strikes, while Put writing is observed at the 25,200 and 24,900 strikes. 'Options data suggests a broader trading range between 25,000 and 26,000 zones, while the immediate range lies between 25,300 and 25,700 levels,' said Chandan Taparia, Analyst–Derivatives at Motilal Oswal Financial Services Limited . Live Events 'Nifty50 formed a bearish candle similar to a Bearish Engulfing pattern on the daily frame on Monday and gave up its gains from the previous session,' he said. 'Now, if it manages to hold above 25,500, an up move could be seen towards the 25,650 and 25,750 zones, while supports can be seen at 25,400 and then 25,250,' Taparia recommended. We have collated stocks from various experts for traders with a short-term trading horizon: Expert: Ajit Mishra – SVP, Research, Religare Broking Ltd (told ET Bureau) Apollo Hospitals Ltd: Buy | Target Rs 7,650 | Stop Loss Rs 7,030 Divi's Laboratories Ltd: Buy | Target Rs 7,180 | Stop Loss Rs 6,600 Indian Bank : Buy | Target Rs 678 | Stop Loss Rs 625 Titan Company Ltd : Buy | Target Rs 3,980 | Stop Loss Rs 3,550 Expert: Sharan Lillaney, Independent SEBI Research Analyst Eicher Motors : Buy | Target Rs 5,760 | Stop Loss Rs 5,555 Cholamandalam Investment & Finance: Buy | Target Rs 1,670 | Stop Loss Rs 1,590 Marico : Buy | Target Rs 738 | Stop Loss Rs 707 ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
Economic Times
04-06-2025
- Business
- Economic Times
Stocks to buy today: Bharat Forge, Saregama among top 3 trading ideas for 4 June 2025
The Indian market is likely to trade higher on Wednesday, tracking positive global cues. ADVERTISEMENT Nifty futures closed lower on Tuesday, declining 0.69% to 24,654. Meanwhile, India VIX fell over 3% to end at 16.56, indicating easing volatility. On the options front, the maximum Call open interest (OI) is at the 25,000 and 25,500 strike prices, while the maximum Put OI is at the 24,600 and 24,500 strikes. Call writing was observed at the 24,600 and 25,000 strikes, while Put writing was seen at 24,300 and 24,550. 'Options data suggests a broader trading range between 24,200 to 25,100 zones, with an immediate range between 24,300 to 24,800 levels,' said Chandan Taparia, Analyst – Derivatives at Motilal Oswal Financial Services. 'Nifty50 settled with a loss of approximately 180 points on Tuesday, closing below its key support at the 20-day exponential moving average (20 DEMA),' he added. ADVERTISEMENT 'Unless Nifty50 moves above 24,650, it may witness further profit booking towards 24,400 and then 24,200. Hurdles are seen at 24,750 and 24,850 levels,' Taparia the daily chart, the BSE Sensex formed a bearish candle along with a Bearish Engulfing pattern on Tuesday, signaling weakness and sustained selling pressure at higher levels. ADVERTISEMENT Nifty Bank also formed a bearish candle on the daily chart, with some profit booking from higher levels, though it continues to trade well above its 20 DEMA. ADVERTISEMENT Bharat Forge: Buy | Target: Rs 1,315 | Stop Loss: Rs 1,247 Saregama India: Buy | Target: Rs 595 | Stop Loss: Rs 540 Metropolis Healthcare: Buy | Target: Rs 1,765 | Stop Loss: Rs 1,680 (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT
