Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, March 3, 2014

An Evening Star - A Powerful Bearish Reversal Signal

Daily Chart

 An evening star pattern formed on Dr.Reddy today.The gap up made on Friday the 28th February , the long upper shadow which makes the candle a bearish shooting star which formed on huge volumes and the bearish candle which closed the gap today makes the reversal signal stronger.     

This coming after a spectacular run up increases the probability of a reversal.

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Happy Trading !!

Lakshmi Ramachandran

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