feel free to call us +919500077790 info@eqsis.com
SP, , Stock Analysis
After a steeper pole and failed Flag pattern, though the price hasn’t rallied much but since the pattern has appeared after creating All Time High (ATH), may be a false breakout (fake-out) and Bull Trap!!
—————————————————————————————–
Stock Ticker – NSE: BAJFINANCE – Bajaj Finance Ltd. – FINANCIAL SERVICES
Bearish Trade plan:
Entry Level 3494.8 Target 3410.5 Stoploss 3572
Analyst Rating – :4/5
View Posted on 2019-06-15
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Stock Trading is business, the success depends not just on capital or subscribing advisory services or participating workshops. The factors such as your awareness level about business, Efforts and your contributions, Smartness, Knowledge in analysis and trading instrument, availability of infrastructure and emotional control determine your success.
EQSIS, A Stock Market Research Firm
Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro
Hi,
Bearish piercing candlestick pattern is a bearish reversal pattern, usually occurring at the top of an uptrend.
If the previous trend is sideways movement it doesn’t act as a bearish piercing pattern.
Thank you for your prompt comment. As mentioned I’m expecting a decline since Bullish Flag failed and price did an All Time High, followed by Bearish Pierce. Let us follow for a few sessions. EoD 17/June closed at 3472.90 (-45.50, -1.29%) below Previous Low (minor Resistance) 3482.
Thank you Naresh for your guidance. Indeed it did not work & SL was hit yesterday creating a new ATH.