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anusuabose92

Candle Pattern Formation In BHEL , Possible Reversal !

Long
BHARAT HEAVY ELECT (NSE:BHEL)  
anusuabose92 Aggiornato   
NSE:BHEL   BHARAT HEAVY ELECT
Chart Patterns Trend Analysis candlestickpattern Candlestick analysis candlesticktrader bullishharami haramipattern reversalpattern reversal
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chartpattern trendanalysis candlestickpattern candlestickanalysis candlesticktrader bullishharami haramipattern reversalpattern 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 !
Trade attivo:
Stock is consolidating in a tight range , near the demand zone /support.
Trade attivo:
After a short consolidation, BHEL is moving up!
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