Name: Vrushali Vivek Chavan
Seat No.: 31032523004
Subject: Fundamental & Technical Analysis
Topic: Monitoring of Stocks
Company Name: Avenue Supermart Ltd – Retailing
Shooting Star (Sep 24):
During an uptrend, a gap up occurs. It rallies to a new high then loses strength and
closes near its low: a bearish change of momentum. Confirmation of the trend
reversal would by an opening below the body of the Shooting Star on the next
trading candle. It is not a major reversal signal as the evening star. Ideally, real body
would gap away from previous body.
Three Black Crows (Oct 07): During an uptrend, three long black candles occur
with consecutively lower closes. This pattern suggests that the market has been at a
high price for too long, and investors are beginning to compensate for it. More
significant if it appears after a mature advance.
Three Outside Down (Oct 10): A bearish Engulfing pattern occurs in the first two
candles. The third candle is a black one with a lower close than the second candle.
The third candlestick is confirmation of the bearish trend reversal.
Company Name: Bajaj Holdings – Finance NBFC
Bullish doji Star (Oct 18): During a downtrend, the market strengthens the bears
with a long black candlestick and gaps open on the second one. However, the
second candlestick trades within a small range and closes at or near its open. This
scenario generally shows the potential for a rally, as many positions have been
changed. Confirmation of the trend reversal would be a higher open on the next
candlestick.
Harami Bullish (Oct 16): The Harami Bullish Pattern is characterized by a small
white real body contained within a prior relatively long black real body. 'Harami' is
old Japanese word for pregnant. The long black candlestick is 'the mother' and the
small candlestick is 'the baby'.
The smaller the second candlestick, the stronger is the reversal signal.
The shadows of the second candlestick do not have to be contained within the first
candle's body, though it's preferable if they are.
Pattern needs confirmation on the next candlestick.
Bullish Engulfing (Sep 26): During a downtrend, the Bullish Engulfing depicts an
opening at a new low and closes at or above the previous candle's open. This
signifies that the downtrend has lost momentum and the bulls may be gaining
strength.
Company Name: ICICI Bank – Private Bank
Doji Star Bearish (Oct 18): During an uptrend, the market builds strength on a long
white candlestick and gaps up on the second candlestick. However, the second
candlestick trades within a small range and closes at or near its open. This scenario
generally shows erosion of confidence in the current trend. Confirmation of a trend
reversal would be a lower open on the next candle.
Harami Bullish (Oct 17): The Harami Bullish Pattern is characterized by a small
white real body contained within a prior relatively long black real body. 'Harami' is
old Japanese word for pregnant. The long black candlestick is 'the mother' and the
small candlestick is 'the baby'.
The smaller the second candlestick, the stronger is the reversal signal.
The shadows of the second candlestick do not have to be contained within the first
candle's body, though it's preferable if they are.
Pattern needs confirmation on the next candlestick.
Bullish Engulfing (Oct 14): During a downtrend, the Bullish Engulfing depicts an
opening at a new low and closes at or above the previous candle's open. This
signifies that the downtrend has lost momentum and the bulls may be gaining
strength.
Company Name: SBI Life Insurance – Life & Health Insurance
Evening Star (Current): During an uptrend, the market builds strength on a long
white candlestick. The second candlestick trades within a small range and closes at
or near its open. This scenario generally shows an erosion of confidence in the
current trend. Confirmation of the trend reversal is the black third candlestick. A gap
between the second and the third bodies is not a must.
Bullish Engulfing (Current): During a downtrend, the Bullish Engulfing depicts an
opening at a new low and closes at or above the previous candle's open. This
signifies that the downtrend has lost momentum and the bulls may be gaining
strength.
Doji Star Bearish (Sep 24): During an uptrend, the market builds strength on a long
white candlestick and gaps up on the second candlestick. However, the second
candlestick trades within a small range and closes at or near its open. This scenario
generally shows erosion of confidence in the current trend. Confirmation of a trend
reversal would be a lower open on the next candle.
Three Outside Down (Oct 04): This pattern is a more reliable addition to the
standard Engulfing pattern. A bearish Engulfing pattern occurs in the first two
candles. The third candle is a black one with a lower close than the second candle.
The third candlestick is confirmation of the bearish trend reversal.
Bullish Hammer (OCT 11): During a downtrend, there is a sell off after the candle
starts. However, the candle closes at or near its high. This signifies a weakening of
the previous bearish sentiment. The longer the lower shadow, the smaller the upper
shadow, and the smaller the real body, the more significant the pattern is. White real
body is more bullish than black body.
Company Name: Wipro – IT Services and Consulting
Three Black Crows (Oct 16): During an uptrend, three long black candles occur
with consecutively lower closes. This pattern suggests that the market has been at a
high price for too long, and investors are beginning to compensate for it. More
significant if it appears after a mature advance.
Inverted Hammer (Oct 11): During a downtrend, the open is lower, then it trades
higher, but closes near its open, therefore looking like an inverted lollipop. It needs
bullish verification on the next candlestick.
