21st Sept,2011
Bullish Harami:In a downtrend a Green candle appears after a Red Candle in such a way that the Green Candle's body is completely contained in the Red Candle's body.
It's a 2 candle pattern and a reversal pattern.One has to buy on the 3rd candle after the first 2 candles.The average traded price of the 2nd green candle can be considered as the entry stop loss.
The success ratio of this candle pattern is 65% to 70%
In the Given below Daily chart of JP associates,one can see a Bullish Harami Pattern and the stock rallied upwards after this candle formation.
For more details mail me on kd_analyst@rediffmail.com
Bullish Harami:In a downtrend a Green candle appears after a Red Candle in such a way that the Green Candle's body is completely contained in the Red Candle's body.
It's a 2 candle pattern and a reversal pattern.One has to buy on the 3rd candle after the first 2 candles.The average traded price of the 2nd green candle can be considered as the entry stop loss.
The success ratio of this candle pattern is 65% to 70%
In the Given below Daily chart of JP associates,one can see a Bullish Harami Pattern and the stock rallied upwards after this candle formation.
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