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Bullishharami

Candle Pattern Formation In BHEL , Possible Reversal !The daily candy chart of BHEL shows a Bullish Harami candle formation near a support / demand zone . The yellow highlighted box has three candles , the small green candle or the child candle after the first red candle is the bullish harami candle. There has to be a continuous downtrend in the stock and then a small green candle within the previous red candle, makes the sellers nervous and then we may see a reversal and up move after the bullish harami candle. The buyers come back into action once they see a bullish harami post a downtrend. The bullish haram in BHEL has formed near a crucial support or demand zone , this gives a double confirmation of a possible up move and we see on today's daily chart that price has moved up confirming the reversal !
NSE:BHELLong
by anusuabose92
2
PARALLEL CHANNEL + BULLISH HARAMI POWER !BAJAJCON is forming a good parallel channel pattern since last 140+ days. Now the stock is near its support line of the channel. Stock has also formed bullish harami ( japanese candlestick pattern ) which is trend reversal pattern from bearing to bullish. Considering these two good signals, this can be a good long opportunity. Please note that this analysis was done by me only for educational purpose, feel free to share your views/feedback.
NSE:BAJAJCONLong
by headymuk
1
JUBLFOOD: 3rd Time Lucky? Now this is an interesting chart wherein I have highlighted three theoretically bullish patterns. Highlight # 1 and 2 are both Bullish Harami pattern wherein #1 lacks the existence of a well-defined down trend. Comparatively #2 was better off with an erstwhile decent sized down trend. Did not play out that well as we do not notice any bounce back. Now we have another Bullish Harami pattern (Highlight # 3). And this time it has the punch of an Inside Bar as well which points out a definite sign of range contraction. Clubbing this set-up with the fact that the RSI indicator has corrected well enough and now at the edge of trend reversal does raise a case for a prospective support. First sign of a bounce back comes once the stock scales above the high of the “baby” candle at 2245 and a better confirmed move once the high of the “mother” candle at 2265 is breathed. 3rd time lucky for JUBLFOOD this week ahead? Trade Well. Trade Wise.
NSE:JUBLFOOD1!Long
by Abhijit_Paul
1
LONG in TVS MOTOR on NSE (INDIA)This is weekly chart of TVS MOTOR (CMP @ 553.45) which looks good for a long trade based on following observations: 1. A trendline has been drawn which has been tested for its reliability many a times as established support as shown on the chart. This established trendline once again was tested on 8th Oct 2018 which also coincides with key retracement level of 61.8% as shown on the chart. 2. Counter trendline which acted as resistance many a times, has also broken out. 3. Bullish Harami was formed in prior week starting 22nd Oct 2018 followed by bullish confirmation candle in the last week. 4. Price reversal is witnessed post bullish divergence on RSI as shown on the chart. Hence, it could be a good long trade with stop @ 524 and then trailing the same to ride the trend. Happy trading !!!
NSE:TVSMOTORLong
by DEVERAMA