It is a two-bar candlestick pattern formed after a downtrend. The first bar is a red candlestick, normally followed by a standard or long legged Doji. This Doji is completely engulfed by the preceding candle.
Aster DM Healthcare has formed Bullish Engulfing kind of candlestick pattern on the daily charts with above average volumes, and closed 5 percent higher at Rs 319.4. The stock is on the verge of falling trendline breakout.
This article delves into the concept of RSI and its role in evaluating stock movements, particularly those showing upward trends. With StockEdge reporting 17 stocks trending up on Friday, August 18, ETMarkets has spotlighted 10 promising stocks for analysis. By exploring the interplay between RSI and stock trends, investors can glean valuable insights to guide their investment decisions.
Aster DM Healthcare Q1 FY24 Revenues up 21 per cent YoY to Rs 3,215 Crs Q1 FY24 EBITDA up 33 per cent YoY to Rs 388 Crs aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.