Techinals - novice

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Bajaj auto

Similarly a Bullish Engulfing pattern is a strong reversal signal.

On 12.03.10 BAJAJ formed a Bullish Engulfing pattern look at the upward move.

A variation of a shooting star formed on 29.03.10.

Wait for a confirmation on 30.03.10.

 

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Bata

BATA India showing all bearish signals from 25.03.2010 to 29.03.2010 and gradually sliding down.

Please look into the chart for more comments I have put in.

 

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Berger

BERGER , on 26.03.2010 Stochastic and RSI EMA cross are negative.

29.03.10 showing indecision but tend towards bearish.

 

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Bharat forge

BHARAT FORGE formed a Bearish engulfing on 17.03.10 and is moving down.

29.03.10 shows spinning top which indicates indecision.


URL=http://img704.imageshack.us/i/bharatforge.png/]

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Bil

BIL POWER formed a bearish engulfing on 09.03.10. See the downfall.
The EMA 21 crossed below EMA 50 2 days later which is a bearish signal as well.

Second Bearish Engulfing formed on 25.03.10.

29.03.10 shows all bearish signals.

 

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Blue bird

The chart speaks for itself

 

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Britannia

A bearish harami pattern formed on 26.03.10 and is confirmed on 29.03.10

 

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CADILLA formed a Bearish engulfing pattern on 25.03.10

The confirmation was received on 26.03.10 and slided down on 29.03.10.

 

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Castrol

The chart speaks

 

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Cipla

CIPLA showed all bullish signals on 25.03.10 but warning was RSI and MFI overbought.

26.03.10 the Dark Cloud Cover one of the significant pattern was formed and was confirmed on 29.03.10 by the slide.