Weekly Market Research Report 12-10-19

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Candlestick Pattern “Tasuki Upside Gap”: An Upside Tasuki Gap is a three bar Candlestick formation that is commonly used to signal the continuation of the current Trend.

  • The first bar is a large green candlestick within a defined  The second bar is another green candlestick with an opening price that has gapped above the close of the previous bar. The third bar is a red candlestick that partially closes the gap between the first two bars.
  • The Upside Tasuki Gap demonstrates an uptrend’s Strength through the gap open of the pattern’s second Candle, as well as its escalating price. The pattern’s third candle indicates a pause in the trend as the bears attempt to move the price lower but cannot close the gap between the first and second candle. The bear’s inability to close the gap suggests the uptrend will likely continue.

 

Tasuki Upside Gap candlestick Pattern in KOTAKBANK (Weekly Chart).

 

Looks Good Above : 1683.

Can be : 1761, 1839& 1916.

Looks Weak Below : 1528.

Used Retrecement to draw levels.

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Cup & Handle Pattern In RAMCOCEM (Weekly Chart)

 

Looks Good Above Channel.

Can be: 848, 896, 940 & 983.

 Looks Weak Below Channel.

Can be: 657, 614 & 570.

Used Retrecement to draw levels.

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Head & Shoulders Pattern In TORANTPOWER (Weekly Chart).

 

Looks Good Above: 286.

Can be: 296, 307 & 318.

Looks Weak Below: 275.

Can be: 264, 253 & 242.

Used Retracement to draw levels.

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