These stocks are making Harami Black patterns on daily chart.
State bank of india
Tata power
powergrid
Punjab National bank
Mahindra and Mahindra
Lupin
LT
Hindalco
Coal india
Cipla
Bhel.
Harami pattern means the harami pattern consists of two candlesticks with the first candlestick being a large candlestick and the second being a relatively small candlestick.In an uptrend, it means that buyers have failed to follow up on the surge of activity and close the second candlestick at or near the high of the previous candlestick. And in a down trend, it means that sellers have failed to close the second candlestick near the low of the previous candlestick. In both cases this weakness indicates that a trend reversal may be imminent.
State bank of india
Tata power
powergrid
Mahindra and Mahindra
Lupin
LT
Hindalco
Coal india
Cipla
Bhel.
Harami pattern means the harami pattern consists of two candlesticks with the first candlestick being a large candlestick and the second being a relatively small candlestick.In an uptrend, it means that buyers have failed to follow up on the surge of activity and close the second candlestick at or near the high of the previous candlestick. And in a down trend, it means that sellers have failed to close the second candlestick near the low of the previous candlestick. In both cases this weakness indicates that a trend reversal may be imminent.
Harami pattern is a candlestick pattern in which a large candlestick is followed by small candlestick. Traders of stock market may find financial advisory services very helpful in earning good returns from market.
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