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Bharat Heavy Electricals Limited
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Candle Pattern Formation In BHEL , Possible Reversal !

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The daily candy chart of BHEL shows a Bullish Harami candle formation near a support / demand zone . The yellow highlighted box has three candles , the small green candle or the child candle after the first red candle is the bullish harami candle. There has to be a continuous downtrend in the stock and then a small green candle within the previous red candle, makes the sellers nervous and then we may see a reversal and up move after the bullish harami candle. The buyers come back into action once they see a bullish harami post a downtrend. The bullish haram in BHEL has formed near a crucial support or demand zone , this gives a double confirmation of a possible up move and we see on today's daily chart that price has moved up confirming the reversal !
Transaction en cours
Stock is consolidating in a tight range , near the demand zone /support.
Transaction en cours
After a short consolidation, BHEL is moving up!
anusuabose92
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bullishharamiCandlestick analysiscandlestickpatterncandlesticktraderChart PatternsharamipatternreversalreversalpatternTrend Analysis
anusuabose92

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.