Note - this post is purely for educational purposes and a followup of my previous post. I am not invested in Suzlon
Suzlon is turning out to be a candlestick chartist dream come true. After forming a bearish evening star it has formed a harami.
Harami is japanese for pregnant. This pattern consists of a white/black body and a small white/black body that is completely inside the range of the white/black body. If an outline is drawn for the pattern, it looks like a pregnant woman. The color doesnt matter in harami patterns. What matters is where the price break is after the pattern is formed.
Since the pattern has formed near its 2 mth uptrend and the harami has been preceded by an evening star i am inclined to believe that the break will be downward.
Lets see what happens tomorrow and learn from it!
The chart for your reference - views are invited