When two consecutive candlesticks are bearish such that the first one has a greater fall and the second as a comparatively less one in a way stabilizing the fall, then the third one will be a bullish candlestick.
We had give a call on 30th May sunpharma that it has a stiff resistance at 483. Stock moved from 474 to 483. Today the stock reached 483 and reversed as per our analysis. Today, If you see daily chart of sun pharma the candle formed is of exact size of 30th April will almost same low high and open and close. what does it indicate.. it indicates that the sellers...
i think the stock is turning its trend into positive although a good spike has been seen but after a short profit booking i again see the stock to touch good levels that may surprise !!!!!!
stop loss in such stock is compulsary!!!