Reliance capital is consolidating in the range of 290 300 since 8 sessions .
we have observed many candle stick reversal signals in mean time like tweezer bottom , bullish engulfing, tristar a rare pattern and dragonfly doji all are there ...
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we have observed many candle stick reversal signals in mean time like tweezer bottom , bullish engulfing, tristar a rare pattern and dragonfly doji all are there ...
Tristar Pattern
Description
This is a rare reversal pattern composed of three dojis. There are three days of dojis, or indecision. The middle day gaps above or below the first and third day. The length of the shadow should not be too long. Large volume confirms the pattern.
After a downtrend or an uptrend, the tristar formation signals indecision.
Market Opinion
Bullish or bearish.
Pattern
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Recommended to buy in cash / futures in the range of 285 - 295 ...
stoploss 280 closing basis ...
target positional 315 336 366 398 >>> duration 6 months
intraday call and targets
buy at and above 291 targets 296 304 310
stoploss 284.90
Good recommendation and happy to see some kind of new pattern recognition as most of the time people try to find head and shoulder, flag, triangle of some old fashion
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