 | BEARISH THREE BLACK CROWS
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Definition: The Bearish Three Black Crows Pattern is indicative of a strong reversal during an uptrend. It consists of three long black candlesticks, which look like a stair stepping downward. The opening price of each day is higher than the previous day's closing price suggesting a move to a new short term low. Recognition Criteria: 1. Market is characterized by uptrend. Explanation:2. Three consecutive long black candlesticks appear. 3. Each day closes at a new low. 4. Each day opens within the body of the previous day. 5. Each day closes near or at its lows. The Bearish Three Black Crows Pattern is indicative of the fact that the market has been at a high price for too long and the market may be approaching a top or is already at the top. A decisive downward move is reflected by the first black candlestick. The next two days show further decline in prices due to profit taking. Bullish mood of the market cannot be sustained anymore. Important Factors: The opening prices of the second and third days can be anywhere within the previous day's body. However, it is better to see the opening prices below the middle of the previous day's body. If the black candlesticks are very extended, one should be cautious about an oversold market. The reliability of this pattern is very high, but still a confirmation in the form of a black candlestick with a lower close or a gap-down is suggested.Three Black Crows were noticed on Bata ..highly reliable trend reversal pattern...  Once again ...One more gr8 prediction...posted at 2.08 PM on 29 Aug 11...why the person is deceiving innocent investors...while their stoplosses are triggering... signals are clearly visible that heavy profit booking is going on... see one more loss to small investors...sl triggered on 30 Aug 11 | ||||||||||||||
Bata India can touch Rs 732, says Siddhartha Chatterjee of Trustline Securities.
Chatterjee told CNBC-TV18, "Bata India is one the stunning turnaround stories, which has happened by unlocking surplus land and retiring debts out of the funds so acquired and a huge dose of merchandising as opposed to production has reduced the labour force substantially. Thereby the operating costs have gone down and currently sharing a margin of close to 30% plus on topline.”
He further added, “If we keep a stoploss at Rs 694, we could possible from current price levels achieve a target at Rs 732. Stock is trading above historic highs and it’s a good idea to trade on the long side of stocks which can cause historic highs by basic parameter of trading technology."
so better is learn your self...
Don't listen to them ... Do not risk your hard earned money on emotions or free lucrative advise ...
Go to reliable sources...
Trade details of 30 Aug 11 and gains exceeding 14k on capital of 140k in 1 session ...
you can protect your capital on affordable rates...
It is Dhanvarsha ....
20.70
