Poly Medicure has formed Bullish Engulfing candlestick pattern on the daily timeframe and settled way above 20-day EMA. The stock has rallied 6.6 percent to Rs 1,429 with above average volumes.
This is a 2-candlestick pattern in which the first candle has a red body followed by a candle with a long green body, which engulfs the red candle’s body.
This article illuminates 11 stocks, meticulously selected by ETMarkets, that exhibit a confluence of overbought conditions and a bearish RSI trend. With StockEdge identifying this intriguing subset on August 16, Wednesday, we delve into the essence of RSI and why it s indispensable for astute investment decisions
This article delves into the concept of the Relative Strength Index (RSI) and its significance in assessing stock movements. On August 7, StockEdge reported over 70 stocks were trading in the overbought zone. ETMarkets has handpicked 10 of these stocks for closer analysis.
Finolex Cables shares climbed nearly 7 percent to Rs 1,075 and formed long bullish candlestick pattern on the daily charts, with above average volumes. The stock traded well abvoe all key moving averages.