Pil Italica Lifestyle
SHORT
Close
14.83
Prev.Close
15.17
Change
-0.3400
Change%
-2.24%
Sold at
15.02
Open
15.25
High
15.31
Low
14.66
Close
14.83
Gain%
-1.26%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Our system’s recommendation today is to SHORT. The BEARISH DARK CLOUD COVER pattern finally received a confirmation because the prices crossed below the confirmation level which was at 15.17, and our valid average selling price stands now at 15.02. The previous BUY signal was issued on 31-10-2024, 8 days ago, when the stock price was 15.64. Since then PILITA.NS has fallen by -3.96%.
Market Outlook
The bears have strong evidence and this evidence prompts us to make a bearish bet. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. 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 is a top reversal pattern with two candlesticks. A white candlestick appears on the first day while an uptrend is in progress. The second day opens at a new high, with a gap up and closes more than halfway into the prior white body, leading to the formation of a strong black candlestick. more...
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