Title
by Americanbulls.com LLC
Last Update
22-03-2019
^NSEBANK
BANK NIFTY
Last Signal: SELL
Last Pattern: BEARISH THREE GAP UPS
Last Close:
29,582.5000
Change:
-249.7000
Percent change
-0.84%
Signal Update
Our system’s recommendation today is to SELL. The BEARISH THREE GAP UPS pattern finally received a confirmation because the values crossed below the confirmation level which was at 29,800.9250, and our valid average selling value stands now at 29,723.7950. The previous BUY signal was issued on 06-03-2019, 16 days ago, when the index value was 27,625.6500. Since then ^NSEBANK has risen by +7.59%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is a four day bearish reversal pattern. It consists of three consecutive days each gapping higher on the open. After Three Gap Ups the market becomes extremely overbought and ready for the reversal of the current uptrend. more...
Signal History
Date 
Price 
Signal 
 
INR100⇨ 
22-03-201929,723.7950SELL 87.10
06-03-201927,625.6500BUY 81.52
27-02-201926,799.3000SHORT 85.30
20-02-201926,855.3300BUY 86.69
12-02-201927,015.3400SHORT 87.40
31-01-201927,038.9500BUY 88.71
29-01-201926,573.4000SHORT 91.57
08-01-201927,373.3100BUY 95.66
03-01-201927,103.6900SELL 96.33
28-12-201827,125.2500BUY 97.09
24-12-201826,799.5300SELL 97.77
15-11-201826,014.1900BUY 95.57
06-11-201825,648.9900SELL 96.24
29-10-201824,959.7000BUY 94.31
17-10-201825,200.6950SHORT 94.74
10-10-201824,682.7600BUY 94.11
05-10-201824,676.6500SHORT 95.47
01-10-201825,307.9450BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
22-03-201929,723.7950SELL 87.32
06-03-201927,625.6500BUY 81.73
27-02-201926,799.3000SHORT 85.52
20-02-201926,855.3300BUY 86.91
12-02-201927,015.3400SHORT 87.62
31-01-201927,038.9500BUY 88.94
29-01-201926,573.4000SHORT 91.81
08-01-201927,373.3100BUY 95.91
03-01-201927,103.6900SELL 96.59
28-12-201827,125.2500BUY 97.35
24-12-201826,799.5300SELL 98.04
15-11-201826,014.1900BUY 95.84
06-11-201825,648.9900SELL 96.52
29-10-201824,959.7000BUY 94.59
17-10-201825,200.6950SHORT 95.02
10-10-201824,682.7600BUY 94.38
05-10-201824,676.6500SHORT 95.74
01-10-201825,307.9450BUY 99.58
19-09-201826,462.7800SHORT 96.77
14-09-201827,129.9700BUY 100.61
16-08-201827,826.5500SELL 101.32
08-08-201828,003.7900BUY 102.68
31-07-201827,764.1500SELL 103.40
04-07-201826,318.4900BUY 98.71
27-06-201826,539.4200SELL 99.41
22-06-201826,627.7200BUY 100.44
04-06-201826,621.8900SELL 101.15
24-05-201825,952.3800BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
22-03-201929,723.7950SELL 84.40
06-03-201927,625.6500BUY 79.00
27-02-201926,799.3000SHORT 82.67
20-02-201926,855.3300BUY 84.02
12-02-201927,015.3400SHORT 84.71
31-01-201927,038.9500BUY 85.98
29-01-201926,573.4000SHORT 88.75
08-01-201927,373.3100BUY 92.72
03-01-201927,103.6900SELL 93.37
28-12-201827,125.2500BUY 94.10
24-12-201826,799.5300SELL 94.76
15-11-201826,014.1900BUY 92.63
06-11-201825,648.9900SELL 93.28
29-10-201824,959.7000BUY 91.41
17-10-201825,200.6950SHORT 91.83
10-10-201824,682.7600BUY 91.22
05-10-201824,676.6500SHORT 92.53
01-10-201825,307.9450BUY 96.24
19-09-201826,462.7800SHORT 93.52
14-09-201827,129.9700BUY 97.23
16-08-201827,826.5500SELL 97.92
08-08-201828,003.7900BUY 99.24
31-07-201827,764.1500SELL 99.94
04-07-201826,318.4900BUY 95.40
27-06-201826,539.4200SELL 96.07
22-06-201826,627.7200BUY 97.07
04-06-201826,621.8900SELL 97.75
24-05-201825,952.3800BUY 95.96
18-05-201825,893.7900SELL 96.64
12-03-201824,542.9100BUY 92.24
28-02-201825,107.4000SHORT 91.49
23-02-201825,069.2600BUY 92.64
02-02-201826,944.4500SELL 93.29
05-01-201825,601.8500BUY 89.27
02-01-201825,338.2500SELL 89.90
29-12-201725,539.4500BUY 91.25
21-12-201725,554.3000SELL 91.89
19-12-201725,716.2000BUY 93.12
13-12-201725,049.8500SHORT 97.02
08-12-201725,213.6900BUY 99.04
30-11-201725,623.6000SELL 99.74
20-11-201725,768.6000BUY 101.01
14-11-201725,284.6000SELL 101.72
10-11-201725,360.7000BUY 102.75
07-11-201725,501.0300SELL 103.47
24-10-201724,222.1500BUY 98.97
17-10-201724,645.6000SHORT 98.67
09-10-201724,251.9000BUY 98.47
22-09-201724,635.2800SELL 99.16
23-08-201724,152.8500BUY 97.90
18-08-201724,074.4500SHORT 99.61
16-08-201724,368.9000BUY 102.26
02-08-201725,055.2000SELL 102.98
06-07-201723,466.6500BUY 97.13
27-06-201723,473.7400SELL 97.81
21-06-201723,708.7500BUY 99.49
15-06-201723,391.7500SELL 100.19
26-05-201723,220.2000BUY 100.16
23-05-201722,585.5500SELL 100.87
24-04-201721,761.0100BUY 97.87
07-04-201721,431.1500SELL 98.56
30-03-201721,440.2400BUY 99.30
† Trade commissions are taken as 0.70%.

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