The chart above shows the bullish rally of
HID after the
BUY signal which was issued on 25/02/2021. The stock price edged up with a decent gain of 59.83%. The bullish mood, however, may be over. Our system detected a
BEARISH HARAMI pattern which may be a sign of a market sentiment switching from bullish to bearish. This pattern deserves utmost attention because STAY LONG positions must be opened immediately in case of a confirmation. The
BEARISH HARAMI pattern, if confirmed, indicates a downside potential of 9.05%. The bullish reaction rally may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!