RILINFRA.NS NSE
Rachana Infrastructure
STAY LONG
Close
50.50
Prev.Close
48.10
Change
+2.4000
Change%
+4.99%
BEARISH DOJI STAR
Bought at
46.36
Open
50.45
High
50.50
Low
49.35
Close
50.50
Gain%
+8.94%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 30-10-2024, 1 day ago, when the stock price was 46.36. Since then RILINFRA.NS has risen by +8.94%.
Market Outlook
Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. Based on this pattern, in response to emerging market bearishness the system established new confirmation and stop loss levels. The signal tells us to STAY LONG, but the chance of a bearish confirmation that will change the signal to SHORT is very high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.
Pattern Description
This pattern appears in an uptrend and warns that the trend will change. It consists of a white candlestick and a Doji with a gap up at the opening. If the Doji is in the form of an Umbrella the pattern is called “Bearish Dragonfly Doji”. In case of an Inverted Umbrella it is called “Bearish Gravestone Doji”. Here, all these patterns are subsumed under the name: “Bearish Doji Star”, regardless of the shape of the Doji. more...
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