Title
by Americanbulls.com LLC
Last Update
19-10-2018
NELCO.BO
NELCO
Last Signal: SHORT
Last Pattern: BEARISH ENGULFING
Last Close:
240.2500
Change:
-12.6000
Percent change
-4.98%
Signal Update
Our system’s recommendation today is to SHORT. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed below the confirmation level which was at 252.8500, and our valid average selling price stands now at 248.6500. The previous BUY signal was issued on 09-10-2018, 10 days ago, when the stock price was 210.3250. Since then NELCO.BO has risen by +18.22%.
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 is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...
Signal History
Date 
Price 
Signal 
 
INR100⇨ 
19-10-2018248.6500SHORT 224.61
09-10-2018210.3250BUY 192.68
11-09-2018330.1000SHORT 143.38
07-09-2018339.4000BUY 149.51
03-09-2018349.6500SELL 150.56
21-08-2018328.0250BUY 142.24
10-08-2018343.8000SELL 143.24
30-07-2018264.7500BUY 111.08
24-07-2018254.2000SHORT 117.53
20-07-2018254.7750BUY 119.46
12-07-2018258.2000SHORT 119.56
10-07-2018258.9500BUY 121.60
04-07-2018254.5000SHORT 125.52
02-07-2018256.3000BUY 128.20
21-06-2018270.0000SELL 129.10
18-06-2018274.0000BUY 131.94
11-06-2018260.6000SELL 132.87
15-05-2018190.2000BUY 97.66
09-05-2018195.7500SELL 98.35
07-05-2018196.2500BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
19-10-2018248.6500SHORT 562.12
09-10-2018210.3250BUY 482.21
11-09-2018330.1000SHORT 358.83
07-09-2018339.4000BUY 374.16
03-09-2018349.6500SELL 376.80
21-08-2018328.0250BUY 355.99
10-08-2018343.8000SELL 358.50
30-07-2018264.7500BUY 278.02
24-07-2018254.2000SHORT 294.16
20-07-2018254.7750BUY 299.00
12-07-2018258.2000SHORT 299.26
10-07-2018258.9500BUY 304.38
04-07-2018254.5000SHORT 314.18
02-07-2018256.3000BUY 320.88
21-06-2018270.0000SELL 323.14
18-06-2018274.0000BUY 330.24
11-06-2018260.6000SELL 332.57
15-05-2018190.2000BUY 244.44
09-05-2018195.7500SELL 246.16
07-05-2018196.2500BUY 248.53
25-04-2018187.9500SELL 250.28
12-04-2018189.3250BUY 253.89
10-04-2018194.2500SELL 255.68
02-04-2018156.2500BUY 207.11
19-03-2018168.2500SELL 208.57
12-03-2018161.1000BUY 201.11
05-03-2018178.2000SELL 202.53
26-02-2018162.1000BUY 185.53
19-02-2018161.6750SELL 186.84
07-02-2018113.5500BUY 132.15
24-01-2018123.9000SHORT 123.69
22-01-2018124.4500BUY 126.00
12-01-2018137.2000SELL 126.89
04-01-2018126.0500BUY 117.40
02-01-2018122.3500SELL 118.23
07-12-2017110.3500BUY 107.39
01-12-2017113.3500SELL 108.15
10-11-2017103.3500BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
INR100⇨ 
19-10-2018248.6500SHORT 908.75
09-10-2018210.3250BUY 779.56
11-09-2018330.1000SHORT 580.10
07-09-2018339.4000BUY 604.88
03-09-2018349.6500SELL 609.14
21-08-2018328.0250BUY 575.49
10-08-2018343.8000SELL 579.55
30-07-2018264.7500BUY 449.44
24-07-2018254.2000SHORT 475.53
20-07-2018254.7750BUY 483.35
12-07-2018258.2000SHORT 483.77
10-07-2018258.9500BUY 492.04
04-07-2018254.5000SHORT 507.88
02-07-2018256.3000BUY 518.71
21-06-2018270.0000SELL 522.37
18-06-2018274.0000BUY 533.85
11-06-2018260.6000SELL 537.61
15-05-2018190.2000BUY 395.14
09-05-2018195.7500SELL 397.93
07-05-2018196.2500BUY 401.76
25-04-2018187.9500SELL 404.59
12-04-2018189.3250BUY 410.42
10-04-2018194.2500SELL 413.31
02-04-2018156.2500BUY 334.80
19-03-2018168.2500SELL 337.16
12-03-2018161.1000BUY 325.11
05-03-2018178.2000SELL 327.40
26-02-2018162.1000BUY 299.92
19-02-2018161.6750SELL 302.03
07-02-2018113.5500BUY 213.62
24-01-2018123.9000SHORT 199.94
22-01-2018124.4500BUY 203.67
12-01-2018137.2000SELL 205.11
04-01-2018126.0500BUY 189.77
02-01-2018122.3500SELL 191.11
07-12-2017110.3500BUY 173.58
01-12-2017113.3500SELL 174.80
10-11-2017103.3500BUY 160.50
28-09-2017129.8500SELL 161.63
20-09-2017130.3000BUY 163.33
15-09-2017101.8500SELL 164.48
24-08-201788.9500BUY 144.66
09-08-201797.8500SHORT 134.48
07-08-201799.1000BUY 138.13
27-07-2017107.8000SELL 139.10
18-07-2017102.1500BUY 132.74
14-07-2017101.0000SELL 133.68
20-06-201783.0500BUY 110.70
14-06-201780.8000SELL 111.48
29-05-201778.8500BUY 109.56
11-05-201786.1000SELL 110.33
09-05-201788.1000BUY 113.69
18-04-201787.7500SELL 114.49
05-04-201779.3000BUY 104.19
28-03-201779.0500SHORT 106.00
20-03-201778.3500BUY 106.55
02-03-201780.6000SHORT 105.12
20-02-201778.5250BUY 103.86
01-02-201784.4500SELL 104.59
18-01-201784.2500BUY 105.08
06-01-201782.4500SHORT 108.94
30-12-201677.7500BUY 104.18
19-12-201683.4500SELL 104.91
23-11-201672.6500BUY 91.98
15-11-201677.9000SHORT 87.39
10-11-201682.8000BUY 94.20
04-11-201686.1500SELL 94.86
21-10-201689.5500BUY 99.30
† Trade commissions are taken as 0.70%.

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