@facebook-100005424695118:disqus Never bias your views on the markets. React to the market movements. Have patience and never gamble in trading. Nifty is trading flat and about 50% of its constituents are trading positive.
k sir.doing the same.waiting for a chance from yesterday without any trades. because of some confusion i got this doubt and yesterday also the same thing happens. nifty didnot fall much but stocks corrected quite a bit. thanks for reply
@facebook-100005424695118:disqus Tomorrow is a holiday for Holi and Friday is a holiday for Good Friday. Follow the NSE Holiday Calendar as a ready reckoner on the right sidebar.
on thursday nifty may open with gap up and closed at lower levels around 5600,and todays candle engulfed by that bearish candle wait and see,... ok bye
Sandwich patter is considered as reversal pattern.
In the Bullish Stick Sandwich Pattern, there is a downtrend going on. Then prices open higher on the next trading day and they reach to higher levels all day, closing at or near the high. This bullish act suggests that the previous downtrend may now reverse implying that the shorts need protection. The next day, prices open at a higher level leading some shorts to cover their positions initially but then the prices start moving lower to close at the same price as two days ago. This pattern shows that the market is finding a support level and now the trend may reverse from this support level.
Bullish stick sandwich is a candlestick reversal pattern indicating the start of a new uptrend. This is a three candlestick formation, which usually forms at the end of a downtrend, and each candlestick forms higher highs than the previous candlestick, but has the same or almost same lows.
The requirements for a bullish stick sandwich candlestick pattern include,
The market is usually characterized by a downtrend.
The first day is a bearish day (black or colored candlestick) which closes at a new bottom, with no or very small lower shadow (closing marubozu).
The second day is a bullish day (white or colorless candlestick) which closes above the previous day’s opening price.
The third day is a bearish day which opens above the second day candlestick and closes at or near the first day candlestick, and is also a closing marubozu.
Bullish stick sandwich formation occurs when the existing downtrend reverses after touching a support level. A long bullish day at the end of the downtrend suggests that the downtrend is getting weaker. The shorts start to cover their positions on the third day and this causes a fall in price and a close near the first day’s close. This indicates that a market is finding a support level and the trend may reverse.
Bullish stick sandwich is a moderately reliable pattern. The pattern is also valid when the first and third candlesticks are not closing marubozu. With bullish stick sandwich candlesticks, traders should always look for confirmation of trend reversal which is signified by a white candlestick, a higher close, or a large gap up on the next trading day. The bearish stick sandwich pattern is very rare.
The stick sandwich appears on the daily chart circled in red. Price trends downward into the first black candle, which happens to be a tall one in this example. Following that is a white candle that trades above the close of the prior day. The last candle in the triplet is another black candle that closes at or near the close of the first day.
This stick sandwich has price trending downward into the pattern and eventually price breaks out downward, too, meaning this stick sandwich is a bearish continuation pattern. A downward breakout occurs when price closes below the bottom of the candlestick pattern. Here, that takes about a week before that happens, but happens it does and price resumes the downtrend at about the same velocity at which it entered the candle.
Since stick sandwiches that reverse the downward price trend post better moves, that is the way to trade this candlestick. Look for an upward primary trend and a stick sandwich to appear as part of a downward retrace. That is not the setup shown in the chart.
Good answers.If we google sandwich pattern there are number of sites explaining about it. Now can anyone tell where nifty closes in next week 5th april?I think there are no answers becaus even if we google it we cannot find :) Sunil sir must have known the answer for it. From my end nifty vl slip down to 5600 or 5550 in next week. fiis selling wont stop
Sandwich Pattern basically made up of 3 consecutive bars. They may be either a bullish bar between 2 bearish bars or a bearish bar between two bullish bars. This pattern generally represents support / resistance at a particular price.
There are many variations of the Sandwich patterns. Notable ones being stick sandwich pattern and shamu pattern. The first of them is a reversal pattern whereas the latter is an continuation pattern.
Depending on the closing price of the three bars, it may be inferred whether it is a reversal or continuation pattern. However a fourth bar may be used as a confirmation of trend.
Sir,
ReplyDeleteGood Morning.
@disqus_M56MjlrzQL:disqus Good Morning.
ReplyDeleteGood Morning Sunilji,
ReplyDeleteGood morning sunilji!
ReplyDelete@face9f0de130a2addb6c4f67dc43ddc9:disqus Good Morning
ReplyDelete@155c0b5ebd254a818cb45c020caf28a8:disqus Good Morning
ReplyDeletecan i buy nifty puts?
ReplyDelete@91c32160b90c58e8f73be5f887a408e5:disqus Not advisable at these levels. A bounce is quite likely.
ReplyDeletethen can i buy nifty fut longs?
ReplyDeleteCan trade in options in anticipation. Trade in futures on confirmation.
ReplyDeleteGood morning Sunil/Everyone.
ReplyDelete@33f9459876e83384e3f9cce0819f1bb6:disqus Good Morning Mahy.
ReplyDeleteHi SR & All, Good morning
ReplyDeleteAny call on Nifty Fut?
@ea1c3548c078b1fec81bb86c71c7c412:disqus Good Morning. None as yet.
ReplyDeleteGood Morning Sirji!
ReplyDelete@disqus_AN92IvpwhZ:disqus Good Morning.
ReplyDeleteThanks, will wait
ReplyDeleteany idea about march expiry lvl? above 5600 or below 5600?
ReplyDeleteHi SR, your view on HCL tech can go long ?
ReplyDelete@ff25f58cfe748d94d3001b43856ac531:disqus Not yet. Its range bound 770 - 791.
ReplyDeleteLikely to be above 5600
ReplyDeleteok thanks, any other stock for a week hold.?
ReplyDelete@ff25f58cfe748d94d3001b43856ac531:disqus Can go with ITC with SL below 301.
ReplyDeleteCan we short nifty around 5650 levels?
ReplyDeleteShort if Nifty faces resistance near 5662 and falls back below 5651.
ReplyDeleteGood Morning Sir, what is the next support levels and trend for sbin and icicibank?
ReplyDeleteok.seems no trade today :(
ReplyDelete@cc662d7e2bfbdeb06c24ce5f628cd561:disqus Good Morning, 2021 and 1001
ReplyDeleteSUNILJI, GOOD AFTERNOON :)
ReplyDeleteany tip on market direction.just give small hint. should keep eye on call or put?
ReplyDelete@google-5bf656861192002896d929fce46af1c7:disqus Good Afternoon :)
ReplyDeleteNo trade as yet.
ReplyDeletethank u sir ...what is there trend?
ReplyDeletek. wil wait for chance
ReplyDeleteICICI looks positive above 1001 and SBI is weak for now.
ReplyDeletenifty movers falling 2 to 3% but nifty is in positive. what type of gambling is this :(
ReplyDelete@facebook-100005424695118:disqus Never bias your views on the markets. React to the market movements. Have patience and never gamble in trading. Nifty is trading flat and about 50% of its constituents are trading positive.
ReplyDeletek sir.doing the same.waiting for a chance from yesterday without any trades. because of some confusion i got this doubt and yesterday also the same thing happens. nifty didnot fall much but stocks corrected quite a bit. thanks for reply
ReplyDeleteCall could not be initiated as Nifty fell down very quick. If entered short near 5651, can hold for target of 5604
ReplyDeleteI AM HOLDING :)
ReplyDeleteSR SIR
ReplyDeleteI SHORT GRASIM AT 2870 BUT NOW ITS LOW AND LOW
PLEASE GUIDE ME
I M IN BIG LOSS
Ok hold with a SL at current day high on Nifty. Can see 5604 (may test 5600)
ReplyDelete@e33182bc78cc9d46a16329c953329088:disqus Are you short or long?
ReplyDelete@e33182bc78cc9d46a16329c953329088:disqus if you were long on it, try to trade with SL. As of now, may head down to 2787. If possible hedge with a PE.
ReplyDeleteTHANKS SIR
ReplyDeleteSunil sir,
ReplyDeletewe have only one more working day in this week?tomorrow and day after tomorrow are holidays?
@e33182bc78cc9d46a16329c953329088:disqus Most Welcome.
ReplyDeleteI dont why but getting a feeling that last 30 minutes will be action packed... Fingers crossed
ReplyDeleteHello SR,
ReplyDeleteHow are you
Action started in NF as soon as i posted , NF when posted was 5632 now 5654...
ReplyDelete@facebook-100005424695118:disqus Tomorrow is a holiday for Holi and Friday is a holiday for Good Friday. Follow the NSE Holiday Calendar as a ready reckoner on the right sidebar.
ReplyDelete@anup, I doubt that with holiday tomorrow and expiry on Thursday, Most traders would not like to carry overnight positions.
ReplyDelete@google-3534bd8735669d4cd4a47a9877177504:disqus I'm fine. How about you?
ReplyDeleteNifty may form a sandwich pattern on Thursday ... Will update if it is formed.
ReplyDeletewhat do you mean??
ReplyDeleteSandwich is a lesser known ... Ok, all of you have enough time to find it out. Lets see who finds out and replies with the right answer. :)
ReplyDeletetrade in a tight band
ReplyDeletetodays candle(5612-5555) sandwitch between yesterday and thursdays candle, is it?
ReplyDeleteNot exactly. But good try. :)
ReplyDeleteon thursday nifty may open with gap up and closed at lower levels around 5600,and todays candle engulfed by that bearish candle
ReplyDeletewait and see,...
ok bye
happy advanced holly
Sandwich patter is considered as reversal pattern.
ReplyDeleteIn the Bullish Stick Sandwich Pattern, there is a downtrend going on. Then prices open higher on the next trading day and they reach to higher levels all day, closing at or near the high. This bullish act suggests that the previous downtrend may now reverse implying that the shorts need protection. The next day, prices open at a higher level leading some shorts to cover their positions initially but then the prices start moving lower to close at the same price as two days ago. This pattern shows that the market is finding a support level and now the trend may reverse from this support level.
Good Job :)
ReplyDeleteYeah, Something similar to that. Happy Holi to you to.
ReplyDeleteThanks Sir.
ReplyDeleteSir,
ReplyDeleteFrom my end:
Bullish stick sandwich is a candlestick reversal pattern indicating the start of
a new uptrend. This is a three candlestick formation, which usually forms at the
end of a downtrend, and each candlestick forms higher highs than the previous
candlestick, but has the same or almost same lows.
The requirements for a bullish stick sandwich candlestick
pattern include,
The market is usually characterized by a downtrend.
The first day is a bearish day (black or colored candlestick) which closes
at a new bottom, with no or very small lower shadow (closing marubozu).
The second day is a bullish day (white or colorless candlestick) which
closes above the previous day’s opening price.
The third day is a bearish day which opens above the second day candlestick
and closes at or near the first day candlestick, and is also a closing marubozu.
Bullish stick sandwich formation occurs when the existing
downtrend reverses after touching a support level. A long bullish day at the end
of the downtrend suggests that the downtrend is getting weaker. The shorts start
to cover their positions on the third day and this causes a fall in price and a
close near the first day’s close. This indicates that a market is finding a
support level and the trend may reverse.
Bullish stick sandwich is a
moderately reliable pattern. The pattern is also valid when the first and third
candlesticks are not closing marubozu. With bullish stick sandwich candlesticks,
traders should always look for confirmation of trend reversal which is signified
by a white candlestick, a higher close, or a large gap up on the next trading
day. The bearish stick sandwich pattern is very rare.
GOOD DISCUSSION GOING ON. MYSELF LEARNING MORE !!! :)
ReplyDeleteStick Sandwich: Example
ReplyDeleteThe stick sandwich appears on the daily chart circled in red. Price trends downward into the first black candle,
which happens to be a tall one in this example. Following that is a white candle
that trades above the close of the prior day. The last candle in the triplet is
another black candle that closes at or near the close of the first day.
This stick sandwich has price trending downward into the pattern and
eventually price breaks out downward, too, meaning this stick sandwich is a
bearish continuation pattern. A downward breakout occurs when price closes below
the bottom of the candlestick pattern. Here, that takes about a week before that
happens, but happens it does and price resumes the downtrend at about the same
velocity at which it entered the candle.
Since stick sandwiches that reverse the downward price trend post better
moves, that is the way to trade this candlestick. Look for an upward primary
trend and a stick sandwich to appear as part of a downward retrace. That is
not the setup shown in the chart.
-- Thomas Bulkowski
Good answers.If we google sandwich pattern there are number of sites explaining about it.
ReplyDeleteNow can anyone tell where nifty closes in next week 5th april?I think there are no answers becaus even if we google it we cannot find :)
Sunil sir must have known the answer for it.
From my end nifty vl slip down to 5600 or 5550 in next week. fiis selling wont stop
@disqus_M56MjlrzQL:disqus Thanks for digging out the answers :)
ReplyDeleteSandwich Pattern basically made up of 3 consecutive bars. They may be either a bullish bar between 2 bearish bars or a bearish bar between two bullish bars. This pattern generally represents support / resistance at a particular price.
ReplyDeleteThere are many variations of the Sandwich patterns. Notable ones being stick sandwich pattern and shamu pattern. The first of them is a reversal pattern whereas the latter is an continuation pattern.
Depending on the closing price of the three bars, it may be inferred whether it is a reversal or continuation pattern. However a fourth bar may be used as a confirmation of trend.
Wish you happy holi Sunil sir and all readers.
ReplyDelete@facebook-100005424695118:disqus Thanks and wish you the same.
ReplyDeleteHi Sunilji GOOD MORNING AND HAPPY HOLI.
ReplyDeleteHi Sunil Rao ,Wishing you and your dear family A VERY HAPPY HOLI!
ReplyDeleteLots of improvements here ! But then, you were always a perfectionist.
Wish you all the very best !!God bless you and all those dear and near to you!!
HI HAPPY HOLI TO ALL........HAVE A GREAT DAY.....THANKS.......;)
ReplyDeleteWishing a colorful Holi to you & all
ReplyDelete@google-5bf656861192002896d929fce46af1c7:disqus Good Afternoon. Thanks and wish you the same.
ReplyDelete@0a69b45ed4dafe1225b18c7302288967:disqus Thanks for your kind comments. Wish you your family a very Happy Holi too.
ReplyDelete@google-82987175e13625b2f22911a793ae640f:disqus Thanks and wish you the same. :)
ReplyDelete@kris_hna:disqus Thanks and wish you the same.
ReplyDeleteHAPPY HOLI
ReplyDelete@nagarajhegde:disqus Thanks and wish you the same.
ReplyDeleteWishing you a very happy and colourful holi sirji !
ReplyDeleteplease give one example for Saucers and Spikes pattern. is it efficient?
ReplyDelete@053b8469fc00caf7381d26b11dff3fff:disqus Thanks and wish you the same.
ReplyDelete@facebook-100005424695118:disqus saucers or spikes are types of trend reversals.
ReplyDelete