Title
by Americanbulls.com LLC
Last Update
17-01-2019
MBECL.NS
MCNALLY BHARAT ENGINEERING COMP
Last Signal: SHORT
Last Pattern: BEARISH DOJI STAR
Last Close:
10.3500
Change:
-0.3000
Percent change
-2.82%
Signal Update
Our system’s recommendation today is to SHORT. The BEARISH DOJI STAR pattern finally received a confirmation because the prices crossed below the confirmation level which was at 10.4000, and our valid average selling price stands now at 10.3500. The previous BUY signal was issued on 11-01-2019, 6 days ago, when the stock price was 9.2100. Since then MBECL.NS has risen by +12.38%.
Market Outlook
The bears have strong evidence and this evidence prompts us to make a bearish bet. 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. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
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...
Signal History
Date 
Price 
Signal 
 
INR100⇨ 
17-01-201910.3500SHORT 154.67
11-01-20199.2100BUY 139.58
11-12-201811.9500SHORT 115.15
03-12-201812.6300BUY 123.42
14-11-201817.4000SELL 124.29
02-11-201814.4400BUY 103.87
12-09-201838.2000SELL 104.60
30-08-201834.7200BUY 95.74
28-08-201832.3900SHORT 104.62
23-08-201833.0500BUY 108.26
03-08-201838.9400SELL 109.02
26-07-201835.2200BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
17-01-201910.3500SHORT 157.48
11-01-20199.2100BUY 142.12
11-12-201811.9500SHORT 117.25
03-12-201812.6300BUY 125.67
14-11-201817.4000SELL 126.56
02-11-201814.4400BUY 105.77
12-09-201838.2000SELL 106.52
30-08-201834.7200BUY 97.50
28-08-201832.3900SHORT 106.54
23-08-201833.0500BUY 110.25
03-08-201838.9400SELL 111.03
26-07-201835.2200BUY 101.13
20-06-201842.2300SHORT 87.96
18-06-201843.3000BUY 91.46
04-06-201843.8000SHORT 91.71
22-05-201843.1800BUY 91.69
02-05-201857.7700SHORT 74.24
25-04-201859.3000BUY 77.28
10-04-201863.4400SELL 77.82
05-04-201863.4000BUY 78.32
19-03-201860.2600SHORT 83.79
14-03-201861.5500BUY 86.79
26-02-201865.4000SELL 87.40
22-02-201865.2500BUY 87.81
15-02-201863.0000SELL 88.43
08-02-201862.6000BUY 88.49
31-01-201861.0000SELL 89.11
23-01-201867.5000BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
17-01-201910.3500SHORT 263.61
11-01-20199.2100BUY 237.89
11-12-201811.9500SHORT 196.26
03-12-201812.6300BUY 210.36
14-11-201817.4000SELL 211.84
02-11-201814.4400BUY 177.04
12-09-201838.2000SELL 178.29
30-08-201834.7200BUY 163.19
28-08-201832.3900SHORT 178.33
23-08-201833.0500BUY 184.54
03-08-201838.9400SELL 185.84
26-07-201835.2200BUY 169.27
20-06-201842.2300SHORT 147.23
18-06-201843.3000BUY 153.10
04-06-201843.8000SHORT 153.51
22-05-201843.1800BUY 153.48
02-05-201857.7700SHORT 124.27
25-04-201859.3000BUY 129.37
10-04-201863.4400SELL 130.28
05-04-201863.4000BUY 131.12
19-03-201860.2600SHORT 140.29
14-03-201861.5500BUY 145.32
26-02-201865.4000SELL 146.34
22-02-201865.2500BUY 147.03
15-02-201863.0000SELL 148.07
08-02-201862.6000BUY 148.17
31-01-201861.0000SELL 149.21
23-01-201867.5000BUY 166.27
11-01-201866.8000SELL 167.44
08-01-201860.4300BUY 152.54
01-01-201860.2100SELL 153.62
19-12-201759.0500BUY 151.72
07-12-201758.7200SELL 152.79
01-12-201758.1850BUY 152.47
21-11-201756.6400SHORT 158.96
17-11-201758.9100BUY 167.67
08-11-201760.0500SELL 168.85
31-10-201759.0200BUY 167.12
13-10-201761.6100SHORT 162.65
09-10-201761.2000BUY 163.85
21-09-201764.6300SHORT 157.79
14-09-201765.6750BUY 162.61
06-09-201765.5800SELL 163.76
14-08-201764.7000BUY 162.70
01-08-201773.5200SELL 163.85
19-07-201762.9500BUY 141.28
13-07-201762.1000SELL 142.28
04-07-201751.7200BUY 119.33
30-06-201747.7000SELL 120.17
14-06-201739.3250BUY 99.77
09-06-201739.3000SHORT 101.25
31-05-201740.6150BUY 106.12
21-04-201749.3300SHORT 91.46
03-04-201752.0000BUY 97.77
28-03-201753.0700SHORT 97.19
15-03-201754.9800BUY 102.11
16-02-201762.1000SELL 102.83
23-01-201759.5500BUY 99.30
† Trade commissions are taken as 0.70%.

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