NIFTY SPOT DAILY CHART
ANOTHER BEARISH ENGULFING CANDLE ON TODAY CLOSE
DOWNSIDE PENDING TGT's INTACT
Showing posts with label Bearish Engulfing Pattern. Show all posts
Showing posts with label Bearish Engulfing Pattern. Show all posts
Friday, August 19, 2011
Monday, August 15, 2011
NIFTY SPOT DAILY CHART : BEARISH ENGULFING CANDLE - WEEKLY CHART : NEAR DOJI CANDLE
NIFTY SPOT WEEKLY CHART : NEAR DOJI CANDLE
NIFTY SPOT DAILY CHART : BEARISH ENGULFING CANDLE
Wednesday, July 27, 2011
UPDATE: YESTERDAY AGAIN NIFTY SPOT ON CLOSE MADE BEARISH ENGULFING CANDLE FORMATION - PLUS A SYMMETRICAL TRIANGLE WITH HEIGHT 245 POINTS ---- BREAKDOWN LEVEL @ 5555 NIFTY SPOT
YESTERDAY AGAIN NIFTY SPOT ON CLOSE MADE BEARISH ENGULFING CANDLE FORMATION
ADD + FRESH SHORT ON BREAK BELOW 5555 ON NIFTY SPOT
PLUS CLOSING BELOW 5555 IS MUST - ELSE EXIT
SYMMETRICAL TRIANGLE BREAKDOWN TARGET 5555-245 = 5310-5340
FOR ST CONFIRMATION NEED TO CLOSE BELOW 5555 NEXT DAY TOO
SUPPORT @ 5495 ON SPOT BREAK BELOW WITH VOLUME
WILL WELCOME FALL OF 50-70 POINTS IN MINS ONLY
Thursday, July 21, 2011
YES WILL START SOON POSTING - Bearish Engulfing - Yesterday closing Nifty Spot
YES WILL START POSTING SOON
WILL BE ABLE TO START FROM COMMING MONDAY ONLY
AS REALLY STUCK IN SOMEOTHER IMP WORK SINCE MONDAY
YESTERDAY ON CLOSE NIFTY SPOT MADE A CANDLE PATTERN " BEARISH ENGULFING"
Bearish Engulfing
The bearish engulfing pattern consists of two candlesticks; the first is white and the second black. The size of the white candlestick is not that important, but should not be a doji, which would be relatively easy to engulf. The second should be a long black candlestick. The bigger it is, the more bearish the reversal. The black body must totally engulf the body of the first, white, candlestick. Ideally, the black body should engulf the shadows as well, but this is not a requirement. Shadows are permitted, but they are usually small or nonexistent on both candlesticks.
After an advance, the second black candlestick begins to form when residual buying pressure causes the security to open above the previous close. However, sellers step in after this opening gap up and begin to drive prices down. By the end of the session, selling becomes so intense that prices move below the previous open. The resulting candlestick engulfs the previous day's body and creates a potential short-term reversal. Further weakness is required for bearish confirmation of this reversal pattern.
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