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Tatamotors

Sandwich Last 3 sessions candles have made a sandwich type structure. 1 st candle was bearish but with a lower wick. 2nd candle made bullish harami pattern by opening gap up but closing within bthe body of 1st. Bulls tried to push price but sellers kept hold of the resistance. 3rd candle should have been bullish in follow up of buliish harami. Price opened higher then posted new high but still within 1 st candle's range. Then price drifted lower engulfing the harami candle and closed below the low of 2nd candle but still within 1st candle's range. Seller pushed price lower by the end of day taking control from buyers. As long as high of 1st candle is holding price is expected to move lower. Disc : it's not an investment advice to buy or sell
NSE:TATAMOTORSShort
by TukkaNomist
1
NIFTY 1D - Abandoned BabyA bearish abandoned baby is a specialized candlestick pattern consisting of three candles, one with rising prices, a second with holding prices, and a third with falling prices. Technical analysts expect that this pattern signals at least a short-term reversal in a currently upward trending price. Significant reduction in relative strength index Except Reliance Industries, PSU stocks, Oil/Gas stocks, broader sector Index stocks' strength weakening. Overhang of correction in stocks of Bank Index / Financial Services Index, may make Nifty print lower reading in spite of support from Oil & gas / Energy / Auto. Going long on PSU, Oil & Gas, Energy, Auto with hedging of Short Nifty / Short Bank Nifty . . . .
NSE:NIFTYShort
by kartikbhai
8