NeeteshJain

Coal India - Dark Cloud Cover Candlesticks Pattern (Educational)

BSE:COALINDIA   COAL INDIA LTD
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.

Comments

good identification.....
+1 Reply
NeeteshJain sanjayplayer
Thanks, hope you gain some leaning out of it. Regards
Reply
No Bro, that's not dark cloud cover... !
Reply
NeeteshJain InsiderB
How do you define "Dark Cloud Cover"?
Reply
InsiderB 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 !
Reply
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