DSKF16
Long

Time to Insured Portfolio

NSE:ICICIPRULI   ICICI PRUDENTIAL L
In ULIP & Mutual Fund there is an OPTION to change fund status
Like "GROWTH" -> "BOND" & Vice-versa.
In Equity there is no such Option.
better to identify stocks shows reverse action.
i.e act like "GROWTH" -> "BOND"

Technical front: Good combination seen in "RSI" & "W%R"
Candle Pattern: "BULLISH HARAMI", A bit of Study

Definition
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for pregnant. The black candlestick is “the mother” and the small candlestick is “the baby”.

Recognition Criteria:
1. The market is characterized by a prevailing downtrend.
2. A black body (in this chart "Blue Candle") is observed on the first day. (Here Candle formed on 27th July, 2007)
3. The white body (in this chart "Green Candle") that is formed on the second day (on Last Trading day) is completely engulfed by the body of the first day.

Pattern Requirements and Flexibility
The pattern consists of two candlesticks , in which the first day’s black candlestick engulfs the following day’s white candlestick . The first one has to be a normal or long black candlestick . Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the white body should be smaller than the previous black body.

Trader’s Behavior:
The Bullish Harami is a sign of disparity in the market’s health. The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a black body, which further supports the bearishness. However, the next day prices open higher or at the close of the preceding day and the short traders are alarmed. This leads to the covering of many short positions, causing the price to rise further. The latecomers short the trend they missed the first time, and slow down the rise. Thus, a small white body is formed. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing.

Buy/Stop Loss Levels:
The confirmation level is defined as the last close or the midpoint of the first black body, whichever is higher. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.

Rest plotted on Chart.

Intraday Chart as Snapshot will be Updated later, watch time-line regularly for new updates.

If enriched your knowledge,
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Comment appreciated.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Jul 29
Comment: SNAPSHOT: Intraday 15 min candle chart, Showing possible RES. / SUP

Jul 30
Comment: LTP : @ 454.65, made HIGH @ 454.8
Entered intraday HZ#1
Jul 31
Comment: LTP : @ 456.3, made HIGH @ 456.45
Attempting to cross intraday Upper Band of HZ#1(@ 456.8)
Jul 31
Comment: LTP : @ 458, made HIGH @ 458.4
Crossed intraday Upper Band of HZ#1(@ 456.8).
Nearing "PCL(UP-I): : @460.90,
Though Crucial to Cross intradaay
hi, really appreciate for sharing your work in so much detail analysis, God's blessings to you and your work.
Reply
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