ilmscore | Prediction Details
"so here you can see this is like an open is equal to high candle now these are like powerful bearish candles where open and high are same and then ultimately it is closing downwards right now you can see immediately after this the green candle has almost given it a tough fight I will not say that it has engulfed it properly but it gave it a tough fight and ultimately the stock started moving up then you could see not only three but five black crows or five black soldiers what we say and ideally it should have continued in the downward trajectory but after back to back almost five red candles we saw a bullish engulfing here and again the stock started moving in the upward trajectory"
By CA Rachana Phadke Ranade | March 1, 2024 | Pending
From video
Multi Year Breakout Stocks Price Action Analysis I Part 2 | CA Rachana Ranade 00:10:52 - 00:11:31
Interpreted Prediction
On the daily chart for SAIL, despite initial bearish signals (open equals high candles and five black crows), a bullish engulfing pattern followed by upward movement suggests a reversal or at least a strong counter-trend rally.

Prediction Details

Ticker
SAIL

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