After downtrend, Share has formed Bullish Harami Pattern followed by Green Candle (Shown in blue box). Relative Strength Index is also supporting upward price movement(shown by black arrow). Share price will go up.
Share has formed Bearish Engulfing(Shown in blue box) at the end of Head and Shoulders Pattern. RSI is also supporting downward price movement. All these things indicate that share price will go down now.
SELL BELOW 238, TARGET-235, STOPLOSS-240
Share is forming Bullish Engulfing pattern(shown in black box) after Double bottom(shown by blue line). Relative Strength Index is also supporting Price rise(shown by black arrow). Share will cross 510 point.
After the formation of Double Bottom(Shown by Blue line) in day graph, Share has formed Piercing Pattern(Shown in Black Box). Relative Strength Index is also supporting price upward movement. All these things indicate that share price will go up now.
In day graph ,it can be seen that EMA 20 DAYS is moving downward and trying to converge with EMA 50 DAYS. RSI has also started moving in the downward direction (shown by black arrow). All these things indicate that share price will go down.
In week graph also, Share is forming Bearish Harami Pattern after uptrend, which indicates upcoming downtrend. Share is...
After downtrend, share has formed Bullish Harami Pattern(shown in blue box). After Bullish Harami Pattern, Green candle can be seen with good volume. Relative Strength Index has also started moving in upward direction(shown by black arrow). All these things indicate that share price will increase now. It will cross 750.
Share has formed Bullish Engulfing Pattern (Shown in blue box) with a very good volume (Shown in black box). Relative Strength Index has also started moving in upward direction which is shown by black arrow in RSI graph. EMA 12 DAYS is also moving toward EMA 26 DAYS and trying to converge with it. All these things indicate upcoming uptrend. Share will cross 34.
Share has already started movements in upward direction(shown by blue curve). Share has formed MARUBOZU(shown in green box) with very good volume(shown in black box) which indicates upcoming strong uptrend. EMA 20 days is also moving in upward direction towards EMA 50 days which also indicates the starting of uptrend. All these things indicate that share is bullish now.
After a long downtrend (shown by red line), Share has formed Doji pattern followed by Marubozu (can be seen in green box). Doji pattern represents indecision and Marubozu represents upcoming uptrend. Formation of Doji with Marubozu makes upcoming uptrend prediction more strong. On the day of Marubozu, Share price has increased in good volume (can be seen in blue...
Share has formed DOUBLE BOTTOM pattern, which can be seen by blue line. Upward movement of share after the double bottom shows upcoming uptrend. Share is also about to break the channel which it formed during double bottom pattern, this channel can be seen by red line. Few days back, share price has increased in a very big volume ,which can be seen in green...
After downtrend, Bullish Harami pattern is formed which can be seen in blue box of graph. The pattern indicates upcoming uptrend. Relative Strength Index (RSI) has started making movement in the upward direction, which can be seen by a black arrow in the graph. Upward movement in the RSI also indicates upcoming uptrend. The share will cross 290.
In blue box, Bullish Harami Pattern formation can be seen. After Bullish Harami pattern, share is forming Hammer. Both of these pattern indicate upcoming uptrend. After the formation of these two patterns, share has made Gap Up opening which shows great demand. The volume with which share price increasing is also big. Share is bullish now.
It can be seen in the graph that share price has started moving in upward direction. 20 days EMA(black) is about to cross 50 days EMA(sky blue) which indicates that uptrend is started. For few days,the price has been increasing in big volumes. SHARE IS BULLISH NOW. IT WILL CROSS 480.
REC ltd is forming flag pattern which indicates upcoming uptrend. It has also retraced its path and covered 0.382 of 223.90 (highest point it touched before coming down). The volume with which it is moving down has also decreased and it is playing sideways. it will start moving up now and will easily reach 210.