Three Black Crows Candlestick Formation on BHEL Charts

By | June 15, 2009 5:34 pm

A bearish reversal pattern consisting of three consecutive long black bodies where each day closes at or near its low and opens within the body of the previous day.

So this is about the Definition Now lets see BHEL Charts and dig it further

Now as seen on BHEL charts Three Black Crows BHEL has formed a Three Black Crow Bearish Formation Also 5 and 13 Day EMA Bearish Crossover on charts.MACD is in Sell mode

Support is at 2121 2098 2046

Resistance is at 2216 2274 2314

Category: Nifty Technical Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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