Equitas Holding Ltd forms bullish "Continuation Wedge" chart pattern

Recognise has detected a "Continuation Wedge(Bullish)" chart pateern formed on Equities Holding Ltd NSE.

This bullish signal indicates that the stock price may rise from the close of 117.55 to the range of 144.00-150.00.The pattern formed over 20 days which is roughly the period time in which the target price rang may be achieved, acording to the standers principal technical analysis.

After a temporary interruption, the prior uptrend is se to continue, A Continuation Wedge (Bullies) represents a temporary interruption to an uptrend, taking the shape of two converging both slanted downward against the trend.During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the trend line signals a continuation of the prior uptrend.

This bullish pattern can be seen on the following chart.

Bharti Airtail Ltd forms bearish "top Triangle" chart pattern

Recognise has detected a "Top Triangle"  chart pattern formed on Bharti Airtel Ltd .NSE.This bearish signal indicated that the stock price may fall from the close of 356.1 to the range 317.00-326.00.
The pattern formed ovr 21days which is roughly the period of time in which the target price range may be achived. according to standard principals of technical analysis.

The price seems to have reached a top showing signs of reversal as it has broken downward after a period of uncertainly or consolidation.A Top Triangle shows two converging trendilines as prices reach lower highs and higher lows. Volume diminishes as the price swing back and forth between an increasing narrow range reflecting uncertainly in the market direction.Then well before the triangle reaches its apex, the price breaks down below the lower trend line with a noticeable increase in volume,confirming this bearish pattern as a reversal of the prior uptrend.

This bearish pattern can be seen on the follwing chart.

BF Utilities Ltd forms bearish "Engulfing Line" chart pattern

BF Utilities Ltd forms bearish "Engulfing Line" chart pattern

Recognise has detected an "Engulfing Line(Bearish)" chart pattern formed on BF Utilities Ltd (5324030:BSE).This bearish signal indicated that the stock price may fall from the close of 205.8.Tells Me: The recent uptrend is due reverse, now that selling pressure has overwhelmed prior buying pressure.Following a clear uptrend, we see two candlesticks where the black real body of the second completely  envelops the white real body of the first, showing that the bears have taken over from the bulls.This bearish pattern can be seen on the following chart.