BDL.NS NATIONALINDIA
Bharat Dynamics
SELL
Close
1151
Prev.Close
1159
Change
-8.0000
Change%
-0.69%
BEARISH DARK CLOUD COVE...
Sold at
1152.26
Open
1161
High
1174
Low
1142
Close
1151
Gain%
-0.08%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH DARK CLOUD COVER pattern finally received a confirmation because the prices crossed below the confirmation level which was at 1159, and our valid average selling price stands now at 1152. The previous BUY signal was issued on 31-05-2023, 8 days ago, when the stock price was 1057. Since then BDL.NS has risen by +8.96%.
We may be at a market top or at the start of a correction. 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. 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 <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.
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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