Dixon has seen a massive uptrend and also in the upper band of RSi (80) and also formed bearish engulfing, so in short term, we can see a good correction. What is bearish engulfing? - A is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick...
Euro against Dollar pair, is looking bearish in the 3rd week of October, When you see the monthly chart, bearish Engulfing September month candle still expect to send the price down , in short term view, we can expect the price go down till 1.16 area this week Note - Price action analysis for education purpose only
There are many Price Action Patterns indicating that Bank Nifty can start fresh downside rally. For More details: Follow above analysis
In the next few days, BANKNIFTY can potentially break the major level of 23000. The stock can go in a bearish trend if BANKNIFTY can break the level. As seen in the chart, 23000 was a major resistance level. But BANKNIFTY was able to break that level. Now 23000 is a major support level for the same. INDICATIONS: 1) The stock price has crossed EMA200 and went...
Shree Cement is on a clear downtrend. But the W pattern would make one think that downtrend has come to an end as it is a bullish reversal pattern seen at the end of a downtrend. Here's why I'm short: 1) Bearish engulfing candle. (right at important level where if it crosses above, would make one to take a long position) 2) Bearish engulfing candle after a nice...
Bearish Engulfing Pattern formed. It can retrace upto fibonacci levels - 78.6, 61.8 %
NIFTY Detailed Analysis for next week The Profit Patterns Check Previous week analysis in my profile ---------------------------------------------------------------- OPEN INTEREST ANALYSIS HIGH OI strike CE - 11500 HIGH OI Strike PE - 11000 (No change) Next week Range mostly will be in this range only 11000 to...
Bata India testing resistance on the daily chart Bearish Engulfing has formed and there is also a dynamic resistance of 100 DMA. Short term down trend.
Bearish engulfing pattern after a strong rally. This can be good intraday shorting opportunity below 1300
TATA MOTORS, reversing from 200 MA, Bearish engulfing or call it as tweezer top..and also RSI divergence
BEARISH DIVERGENCE WITH BEARISH ENGULFING CANDLE STICK PATTERN AT THE RESISTANCE LEVELS SEEMS LIKE A SWING HIGH SIGNALING INITIATION OF BEARISH MOVE. NMDC LTD SELL AT MARKET STOPLOSS 97.00 TARGET 85.00
Sell below the day's low as indicated on chart.
RSI DIVERGENCE WITH BEARISH ENGULFING PATTERN CONFIRMING A TOP SIGNALING BEARS MAY TAKE CONTROL FROM HERE AND WE MAY SAY A GOOD DOWNWARD RALLY. APPOLO HOSPITAL SELL AT 1735 STOP-LOSS AT 1810 TARGET 1580
CLACSIC BEARISH ENGULFING CANDLESTICK PATTERN AR THE 20 DAYS EMA + 36% FIBO RETRACEMENT.