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Coal India - Dark Cloud Cover Candlesticks Pattern (Educational)

COAL INDIA LTD (BSE:COALINDIA)

BSE:COALINDIA COAL INDIA LTD

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coalindia darkcloudcover piercing candlestick

In the above chart, I have marked two candlestick patterns, Dark Cloud Cover and Piercing Pattern and describe their fundamentals. It is been drafted for educational purpose.

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Comments

good identification.....

sanjayplayer

Thanks, hope you gain some leaning out of it. Regards

No Bro, that's not dark cloud cover... !

InsiderB

How do you define "Dark Cloud Cover"?

NeeteshJain

High of 2nd candle should be greater than previous candle. That's why the above is not dark cloud cover rather it's Inside Bar, bcos Green candle engulfs following red candle completely !