NSE:RELIGARE   RELIGARE ENTERPRIS
After accumulation phase (indicated in graph), Mark Up phase is expected. Share has also made Marubozu pattern (shown in graph) with very good volume . EMA 12 days has also came above EMA 26 days. All these things predict upcoming Uptrend.
Trade active: Made gap up opening
Trade active
Trade active
Trade active
Trade active
Hi, Since most of your Analysis is based on MARUBOZU, I looked into it and decide to make an indicator based on it. Since someone in the comments said that MARUBOZU means PAUSE in the upward momentum, I thought it would be nice to check using an indicator making it as a long_weekend _project, if i can finish it by that time. As of now its simple. may be i;ll add more of your contraints like the 12/26 ema crossover and all. lets see
This is how i looks now. where it checks that there no wick at the bottom.
Reply
Ankita_yadav Einstein15
@Einstein15, Hello..nice to know that. Good idea it is. For marubozu, I look at either no wick or wick less than 5%, both for bullish or bearish marubozu. All the best for your weekend project. Waiting to see your indicator.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out