Android
Zerodha Broker (Free Delivery)

India's No. 1 Broker with Best Software Trade @ Flat Rs 20

Open Instant Account
market update arrow LIVE: IPL 2020, RCB vs SRH: RCB manages to put 120/7 in 20 overs arrow Coronavirus LIVE: Delhi govt allows travel in all bus seats from November 1 arrow Tamil Nadu to allow schools, colleges to reopen but with restrictions arrow World Coronavirus Dispatch: US reports all-time high single-day surge arrow Sir Sean Connery, legendary James Bond star, dies aged 90: Report arrow Sony to acquire Crunchyroll anime streaming service for $1 bn: Report arrow SP supported independent RS candidate to expose BSP-BJP ties: Akhilesh arrow Rajasthan govt introduces 3 bills to negate impact of Centre's farm laws arrow FM Sitharaman insisted on my transfer from North Block, says S C Garg arrow ICICI Bank's Q2 standalone net profit jumps over 6-fold to Rs 4,251 crore arrow Yamaha ties up with Amazon India to sell apparels, accessories online arrow Minimum government, maximum governance: PM's mantra to IAS probationers arrow In letter to Sebi, Amazon claims Future Retail is misleading public: Report arrow Antibody therapy may lower hospitalisations, emergency visits, study finds arrow DATA STORY: India's Covid toll is third-highest; US has nearly twice as many deaths arrow IndiGo sees demand inching up, reduces leave without pay for pilots arrow Pandemic takes a worrying turn across Europe sending hospitals reeling arrow Book excerpt: How RBI under Raghuram Rajan started the war against NPAs arrow Markets witness a roller-coaster ride in Oct; banking, realty stocks gain arrow IT refunds of Rs 1.27 trillion issued so far this fiscal, says Finance Secy arrow Second round of coal mine auctioning starts Nov 2, 19 blocks on offer arrow India Inc needs to respond to various reforms undertaken by govt, says CEA arrow Apple turns the tide in India with record sales; 800,000 iPhones sold in Q2 arrow Will not shy away from tariff hike: Vodafone Idea CEO Ravinder Takkar arrow RIL profit slips 15% to Rs 9,567 crore as Covid-19 hits oil business

Trading and Investment Terms

Dark-cloud cover

The Dark Cloud Cover pattern is a candlestick pattern that signals a potential reversal to the downside. 

It appears at the top of an uptrend and involves a large green (bullish) candle, followed by a red (bearish) candle that creates a new high before closing lower than the midway point of the previous green candle.

Define

  • Dark Cloud Cover is a long white body followed by a black body. 
  • The following black candlestick opens higher than the white candlestick's high and closes less than halfway above the first line's real body. 
  • It signals a bearish reversal during an uptrend.

 

Dark Cloud Cover checklist:

  1. Identify existing uptrend.
  2. Look for signals that momentum is slowing/reversing (stochastic oscillators, bearish moving average crossover, or subsequent bearish candle formations).
  3. Stocks will gap up, with the red candle opening above the previous green candle however, this is very rarely found in forex candlesticks as these candles will mostly open at the same level as the prior candle’s close, or very close to it.
  4. Ensure that the red candle closes lower than the midway point of the previous green candle.
  5. Look for confirmation of the new downward trend

 

Latest News हिंदी समाचार
ad