Nar
Short

Edelwiess - Dark Cloud Cover

NSE:EDELWEISS   EDELWEISS FIN SERV
This is a classic pattern that has formed with Edelwiess. This dark cloud cover pattern meets all the criteria that you would look for while trading such patterns.

1. The previous white candle body is long
2. There is a recent spike in volumes in the earlier trading ranges
3. The previous white candle has a gapped up opening
4. Stochastics are at an overbought position
5. The dark candle opens much above previous days trading range

On the lighter side, when stocks are featured in major news channels, it is a good time to take the opposite position in the markets.
Trade active: Downward trend has started

Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out