The Ranking "BULLISH REVERSAL PATTERN" You Should Know Of This Month

Hey Elite Traders,

Bullish Reversal Pattern and Bearish Reversal Pattern are the two prominent candlestick chart patterns in technical analysis. A bullish reversal pattern is a good indicator of positive trade signals in the stock market.  

A bullish reversal pattern shows how the stock can transform into a downtrend zone from uptrend zone in the future. Bearish reversal pattern shows how the stock can transform into uptrend zone from downtrend zone in the future.

There are a finite number of stocks which have bullish reversal pattern. We have handpicked to narrow the sector by naming the most outstanding, for the current time period. Below are the three most supreme stocks with the greatest bullish reversal patterns of the month.

Hindustan Unilever

This is renowned stock amongst the other two because it has converging bullish reversal patterns in a daily time-frame. Fortunately, today’s market atmosphere was in favor of this stock because it took entry in raising channel.

There are three major aspects which are targets, entry, and stop-loss which are mentioned below:

n Targets: - In the above chart, there are 3 targets that can be set through a progression view from (100.00%) to (127.30%).

        First Target      –     2614.30 at (100.00%)

        Second Target –     2705.47 at (112.80%)

        Third Target     –     2808.76 at (127.30%)

n Entry: - In such patterns the entry is taken after the formation converging pattern which is a prime indicator of bullish reversal pattern strong movement. This most appropriate situation to initiate trade. Because it  has surpassed the converging pattern

n   Stop-loss: - It is above the rising channel                                              

   Up till now, we’re discussing this stock from Daily’s (Time-frame) but just have a look over Monthly’s (Time-frame)

    In this above chart, we can see how the channel breakout is given by this stock.

    ORIENT CEMENT 

   This is the most 'NOTABLE' stock in this scenario because of it's stimulating signals in different time-frames. This surely ensures that the ace traders have their eye in this stock.

CIPLA

This stock is at it's booming stage to give optimum results in the upcoming few weeks. However, as the quarterly time-frame is at the terminating stage this will be strongly capable of completing the bullish reversal pattern. 

But now I’d like to hear from you,

Which was your favorite stock from the above list?

Or might you have a query about something that you just read?

Either way, I’d love to hear what you have to say. So go ahead and leave a comment below right now.

Disclaimer:- THE ABOVE INFORMATION IS FOR EDUCATIONAL PURPOSE ONLY. NO REAL GAINS/LOSSES ARE SUGGESTED.