A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.
Script...
NSE:TORNTPHARM has made a bearish harami on weekly candle. If 1507 is taken out on downside and a close comes below that, I would be looking for 1481, 1461 and 1452 levels on the downside.
Depending upon your risk appetite, enter the trade either in cash or in options. Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here...
A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish...
A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish...
Tata Motor in 30 mins time-frame formed bearish harami.
SL 443.85
Probable targets is 428.25.
But primary trend is bullish.
This means buy in equity and short in short term (option trading).
Hindustan Unilever is showing signs of bearishness
Reasons/Traits :
• Daily Trend far away from 20 EMA
• Uptrend is in pause mode
• Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down)
• Since 17 sessions stock did not retrace
• Volume is decreasing
• RSI and MACD in overbought zone
• For a healthy uptrend retracement need...
Did Titan reach its life time high and ready for profit booking ???
Reasons/Traits :
• Wedge pattern break out target reached (width of wedge would be the target)
• Inside bar/Bearish Harami candle formation seen today
• Titan is at life time high
• Is in overbought zone with decreasing volume
What can happen next :
Scenario 1 : Uptrend can continue to reach...
