Yesterday (22-03-2017) United Spirits Ltd (USL) has formed a doji candle. This is indicating the indecisiveness, where both sellers and buyers are trying their best to move the stock in their direction but no one is able to gain an upper hand. This is followed by a large green candle which opened above yesterday's closing. The low was above the mid of the Doji. The close of this candle has engulfed the last two candles indicating the strong come back of the buyers.
USL United Spirits Limited daily chart:
USL United Spirits Limited daily chart:
Update/followup on this is done here http://diary4trader.blogspot.com/2017/03/united-spirits-limited-follow-up.html
ReplyDelete