NSE:KITEX   KITEX GARMENTS LTD
After making Wedge Pattern (shown in graph). Share has made a break out from it with MARUBOZU candle (shown in blue box). On the basis of week graph analysis , Upcoming Mark Up phase could be expected after Accumulation phase. Share price will go up.
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Yaar i am visiting all your posts of Marubozu , when it forms near the Top or recent high its pause in rally and its building of buying Climax ( As per Analyst internal understanding) when buying climax is being built its trap to retail traders retailers tend to buy seeing the Candlestick pattern and fails to understand its trap , and when you find Marubozu after a seep or nearly 5 % drop in previous price action then you can call it as bullish momentum and you can expect the rise of another 5 % + Excitement of 3 % on the rally started form Marubozu , You are doing Good i appreciate your efforts in posting charts but location of candlestick pattern is very important
Hope you will understand , thanks for your patience in reading it
Regards
Kimara
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@kimara, What i think, a share making marubozu after a downtrend or while making breakout from any channel or pattern could be consider as a good indicator. That's what have been showed in posts. Marabozu is not the only thing which predicts upcoming uptrend. Lots of other pattern and indicator should also satisfy the condition. Apart from that I will again tell the same thing white Marubozu predicts upcoming uptrend and black Marubozu predicts upcoming downtrend. You can see the example in november graph of kitex share.
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kimara Ankita_yadav
@Ankita_yadav, Thanks for Your answer Good luck
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@kimara, good luck to you too
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