Title
by Americanbulls.com LLC
Last Update
20-03-2019
BSE-PSU.BO
BOMBAY SE PSU INDEX
Last Signal: SELL
Last Pattern: BEARISH THREE GAP UPS
Last Close:
7,429.4600
Change:
-132.5400
Percent change
-1.75%
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 7,536.4300, and our valid average selling value stands now at 7,515.3500. The previous BUY signal was issued on 14-03-2019, 6 days ago, when the index value was 7,261.5400. Since then BSE-PSU.BO has risen by +3.50%.
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⇨ 
20-03-20197,515.3500SELL 105.70
14-03-20197,261.5400BUY 102.85
07-03-20197,094.4900SELL 103.57
19-02-20196,443.6500BUY 94.73
10-01-20197,140.9200SELL 95.40
08-01-20197,209.0600BUY 96.99
02-01-20197,205.4550SELL 97.67
28-12-20187,180.6900BUY 98.02
21-12-20187,175.9900SELL 98.71
12-12-20186,781.3700BUY 93.94
20-11-20187,152.3700SELL 94.60
14-11-20187,211.8000BUY 96.06
05-11-20187,194.4700SELL 96.74
29-10-20186,851.4800BUY 92.78
19-10-20186,897.6200SHORT 93.47
10-10-20186,831.7150BUY 93.89
05-10-20186,968.4500SHORT 93.39
03-10-20187,306.1000BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
20-03-20197,515.3500SELL 86.27
14-03-20197,261.5400BUY 83.94
07-03-20197,094.4900SELL 84.53
19-02-20196,443.6500BUY 77.32
10-01-20197,140.9200SELL 77.87
08-01-20197,209.0600BUY 79.17
02-01-20197,205.4550SELL 79.73
28-12-20187,180.6900BUY 80.02
21-12-20187,175.9900SELL 80.58
12-12-20186,781.3700BUY 76.69
20-11-20187,152.3700SELL 77.23
14-11-20187,211.8000BUY 78.42
05-11-20187,194.4700SELL 78.97
29-10-20186,851.4800BUY 75.74
19-10-20186,897.6200SHORT 76.30
10-10-20186,831.7150BUY 76.64
05-10-20186,968.4500SHORT 76.23
03-10-20187,306.1000BUY 81.05
18-09-20187,597.3100SHORT 79.16
14-09-20187,588.3000BUY 80.18
04-09-20187,836.4000SELL 80.75
17-08-20187,697.4900BUY 79.88
13-08-20187,744.9100SELL 80.44
09-08-20187,917.6900BUY 82.81
07-08-20187,857.8100SELL 83.39
23-07-20187,242.2400BUY 77.40
13-07-20187,224.1600SHORT 78.69
09-07-20187,284.4450BUY 80.47
14-06-20187,901.2850SELL 81.04
07-06-20187,792.2700BUY 80.49
04-06-20187,777.8800SELL 81.06
28-05-20187,799.7600BUY 81.86
24-05-20187,602.8400SHORT 85.23
22-05-20187,656.3150BUY 87.04
16-05-20187,713.0000SHORT 87.63
14-05-20187,850.1200BUY 90.45
04-05-20187,722.5400SHORT 93.27
30-04-20187,858.0200BUY 96.25
12-04-20187,972.0800SELL 96.93
05-04-20187,940.1800BUY 97.22
02-04-20187,849.8400SHORT 99.74
26-03-20187,705.8900BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
20-03-20197,515.3500SELL 77.95
14-03-20197,261.5400BUY 75.85
07-03-20197,094.4900SELL 76.38
19-02-20196,443.6500BUY 69.86
10-01-20197,140.9200SELL 70.35
08-01-20197,209.0600BUY 71.52
02-01-20197,205.4550SELL 72.02
28-12-20187,180.6900BUY 72.28
21-12-20187,175.9900SELL 72.79
12-12-20186,781.3700BUY 69.27
20-11-20187,152.3700SELL 69.76
14-11-20187,211.8000BUY 70.84
05-11-20187,194.4700SELL 71.34
29-10-20186,851.4800BUY 68.42
19-10-20186,897.6200SHORT 68.93
10-10-20186,831.7150BUY 69.24
05-10-20186,968.4500SHORT 68.87
03-10-20187,306.1000BUY 73.23
18-09-20187,597.3100SHORT 71.52
14-09-20187,588.3000BUY 72.45
04-09-20187,836.4000SELL 72.96
17-08-20187,697.4900BUY 72.17
13-08-20187,744.9100SELL 72.68
09-08-20187,917.6900BUY 74.83
07-08-20187,857.8100SELL 75.36
23-07-20187,242.2400BUY 69.95
13-07-20187,224.1600SHORT 71.12
09-07-20187,284.4450BUY 72.73
14-06-20187,901.2850SELL 73.24
07-06-20187,792.2700BUY 72.74
04-06-20187,777.8800SELL 73.25
28-05-20187,799.7600BUY 73.97
24-05-20187,602.8400SHORT 77.01
22-05-20187,656.3150BUY 78.65
16-05-20187,713.0000SHORT 79.18
14-05-20187,850.1200BUY 81.73
04-05-20187,722.5400SHORT 84.28
30-04-20187,858.0200BUY 86.97
12-04-20187,972.0800SELL 87.58
05-04-20187,940.1800BUY 87.84
02-04-20187,849.8400SHORT 90.12
26-03-20187,705.8900BUY 89.72
16-03-20188,094.0300SHORT 86.83
12-03-20188,053.4900BUY 87.62
29-01-20189,180.7900SELL 88.24
23-01-20189,177.0600BUY 88.83
16-01-20189,147.4700SELL 89.46
08-01-20189,295.8100BUY 91.55
01-01-20189,159.8500SELL 92.20
07-12-20179,067.8800BUY 91.92
29-11-20179,287.3400SHORT 91.07
20-11-20179,305.1200BUY 92.54
14-11-20179,247.2600SELL 93.19
10-11-20179,366.1700BUY 95.05
08-11-20179,354.8700SELL 95.72
01-11-20179,501.8100BUY 97.91
27-10-20179,461.6450SELL 98.60
24-10-20178,586.4200BUY 90.11
19-10-20178,530.2600SELL 90.75
06-10-20178,408.3100BUY 90.08
14-09-20178,638.1400SELL 90.71
12-09-20178,696.3400BUY 91.96
08-09-20178,617.0700SELL 92.61
31-08-20178,645.1800BUY 93.57
29-08-20178,554.2200SHORT 95.91
23-08-20178,523.2650BUY 96.91
21-08-20178,521.9750SHORT 98.30
14-08-20178,411.6100BUY 98.40
09-08-20178,720.3500SELL 99.09
07-08-20178,868.7300BUY 101.49
02-08-20178,661.6700SELL 102.21
31-07-20178,622.8800BUY 102.47
21-07-20178,539.2300SELL 103.19
05-07-20178,199.0300BUY 99.78
01-06-20178,619.5400SHORT 96.48
26-05-20178,672.2200BUY 98.44
12-05-20179,011.4800SELL 99.13
24-04-20178,875.6300BUY 98.32
17-04-20178,824.0400SELL 99.01
29-03-20178,522.9400BUY 96.31
21-03-20178,385.3800SHORT 99.30
† Trade commissions are taken as 0.70%.

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