Interesting Candlestick Patterns for the Week Ending 13-1-23
Each week, I perform a sectoral as well as my Watchlist review using monthly as well as weekly charts. I have shared the reviews for several weeks in a row and then I thought of making the whole review process as well as the outcome more interesting and that is when I thought of starting a new series titled “Interesting Candles”.
The intent is to share with the readers the stocks that have thrown up interesting price action at the end of the week and appear to be either adding to the bullish/bearish sentiment or simply it is just interesting candle that has either gained or lost a significant % during the week. While doing so, I realized that if the reader either watches the video or even attempts to look at the charts, it would help him/her get a good learning experience.
If I write about the type of the candle, and what it indicates, it would become too long a post so you may follow the above approach. All charts used here are weekly but I may have also included some based on their daily patterns as these stocks are forming part of my Watchlist and are viewed on a regular basis.
Interesting Candlestick Patterns with Nifty at 17956 & Bank Nifty at 42371:
- Bharti Airtel (NS: BRTI )
- Dixon Technologies
- Gujarat Gas (NS: GGAS )
- Hindalco (NS: HALC )
- Vodafone Idea (NS: VODA )
- Tata Motors (NS: TAMO )
- TCS (NS: TCS )
- Bikaji Foods Intl
- Varun Beverages -12%
- Motilal Oswal (NS: MOFS )
- Chennai Petro +10%
- Eclerx Services +10%
- Inox Leisure (NS: INOL )
- Kiri industries
- MCX +11%
- MRF (NS: MRF )
- Page Industries (NS: PAGE )
- Rategain Travel +17%
- Rail Vikas Nigam (NS: RAIV ) Ltd
The SGX Nifty indicator is showing a close that is +20 so we will have to wait and watch how the markets move as soon as they open.
I suggest that you please watch the video to know how I have selected the candles and how I interpret the candles while analyzing them. I trust this attempt will be of help to the readers.
Here is the video link:
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