TODAY WE ARE GOING TO DISCUSS ONE OF REVERSAL CANDLESTICK SIGNALS.
BEARISH ENGULFING
IDEAL FORMATION OF THIS CANDLE IS BIG RED CANDLE PRECEDED BY GREEN CANDLE SMALLER THAN CURRENT RED CANDLE. THIS FORMATION GENERALLY HAPPENS UPTREND AND ACTS A REVERSAL. BELOW ARE SOME OF EXAMPLES OF IT.
IN ALL 3 CHARTS POSTED ABOVE WE CAN SEE ONCE THIS CANDLESTICK FORMATION HAS TAKEN PLACE UNDERLYING STOCK/CURRENCY/COMMODITY HAS CORRECTED SHARPLY.
PLEASE NOTE THIS SIGNAL OR INDICATION ALONE SHOULD NOT BE FOLLOWED FOR ANY INITIATING ANY TRADE.
STANDARD DISCLOSURE:-
PLEASE NOTE THIS POST IS FOR EDUCATION PURPOSE AND NOT TO BE CONSIDERED AS ANY TRADING OR INVESTMENT RELATED DECISION TAKING. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST. WHILE UTMOST CARE HAS BEEN TAKEN WHILE PUBLISHING BLOG IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.
------------------------------------------------------------------------------
------------------------------------------------------------------------------
WE ARE HAPPY TO INFORM THAT WE ALSO UNDERTAKE TECHNICAL ANALYSIS WORKSHOP ON INDIVIDUAL AS WELL AS ON SMALL GROUP BASIS. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155
------------------------------------------------------------------------------
------------------------------------------------------------------------------
IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
No comments:
Post a Comment
Note: only a member of this blog may post a comment.