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Friday 30 September 2011

DOJI Formation on Weekly Chart - Kedar K Murdeshwar

1st October,2011 Saturday

Candlestick Formations on weekly Charts and its Importance

DOJI Formation:The Pattern of Indecision.If the Stock gives a close above the doji's high on the next candle the stock can rally up.

In the Given below scrips a Doji has been formed on the weekly chart.If the next week gives a close above this DOJI's High there are chances that the stock may rally.

Ackruti (190.05)

Advanta:A doji was formed in the previous week ended 23rd Sept.And the stock gave a close below the doji's low indicating Bearishness.

Asahi India (67)

Ashok Leyland (26.10)

Boshl Ltd (7051.20)

CESC (277.60)

CMC (829.55)

ELgieEquip (70.85)

GujFluoro (538.20):In fact there is a formation of Doji Spinning Tops.,Beware of this pattern.The stock can come down.

Gujrat Gas (431.05),Himmat Siede (33.50),Indswift lab (85),Infotecent (115) and NHPC (23.50)




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