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Haramipattern

SUDARSHAN CHEMICAL.... LET'S LEARN...Friends. I thought let's learn this kind of candle pattern seen in Sudarshan chemicals. Based on my observations as well as from the teachings of few technical experts, the following pattern is described. 'When an unusually long green candle is formed followed by a red candle on top of the green candle, reversing the direction, this eventually ends in further red candles forming almost getting the stock price back to the start of the long green candle'. We can see large volumes traded on the first day, but on the next day, the sellers seem to dominate. This pattern is neither a dark cloud cover nor a bearish harami... But it is also a bearish reversal indicator. If anyone has an idea about this pattern, please share it for all of us to learn. Though better in higher time frames, this pattern works well even in smaller time frame charts. Again, this is not a sure-shot signal for going short with Sudarshan chemicals. Let us watch, observe, and study how this pattern works. This pattern will fail if a green candle forms tomorrow.
NSE:SUDARSCHEMEducation
by Stock-Holmes
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
Tech Mahindra | Reversal Trade | bearish Parallel Channel 🎯===================================================== ⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕ Don't rush to buy cause range breakout is still pending ....if breakout happen then only place the order --Buy above =910.35 or CMP --Target = 917.35 | 920 --Stop-loss =907 --Lot Size = 1200 --R:R = 3.18 --Expected Profit = 12,000 ₹ per lot ( 1.15% ) --Expected Holding = 1-5 day only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade OR Strategy applied :- ⭕ 1) TechM has formed bearish parallel channel 2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern 3) Range breakout Trading is happening here 4) All the possible support & resistance is mentioned on the chart ====================================================== Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:TECHMLong
by ReviveTraders