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.

Larsen & Toubro Infotech Ltd forms bullish "Hammer" chart pattern

Larsen & Toubro Infotech Ltd forms bullish "Hammer" chart pattern

Recognia has detected a "Hammer" chart pattern formed on Larsen & Toubro Infotech Ltd (540005:BSE). This bullish signal indicates that the stock price may rise from the close of 1,590.30.

Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.

This bullish pattern can be seen on the following chart.