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Last Update
9/2/2014
ELTP
ELITE PHARMACEUTICALS
Last Signal: SELL
Last Pattern: BEARISH HARAMI
Last Close:
0.3280
Change:
-0.0021
Percent change
-0.64%
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Signal Update
Our system’s recommendation today is to SELL. The BEARISH HARAMI pattern finally received a confirmation because the prices crossed below the confirmation level which was at 0.3349, and our valid average selling price stands now at 0.3344. The previous BUY recommendation was issued on 8/27/2014, 6 days ago, when the stock price was 0.3304. Since then ELTP has risen by +1.21%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.


Candlestick Pattern Chart
The chart showing Series 1 series.
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Pattern Description
This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
9/2/20140.3344SELL 1,548.86
8/27/20140.3304BUY 1,533.40
8/18/20140.3206SELL 1,536.47
8/4/20140.3079BUY 1,478.56
7/28/20140.3406SELL 1,481.52
7/16/20140.3700BUY 1,612.63
6/25/20140.4295SELL 1,615.86
6/23/20140.4224BUY 1,592.33
6/12/20140.3616SELL 1,595.52
6/9/20140.3503BUY 1,548.76
5/16/20140.4295SELL 1,551.86
5/14/20140.4604BUY 1,666.84
5/2/20140.4591SELL 1,670.18
4/24/20140.3803BUY 1,386.28
4/16/20140.3436SELL 1,389.06
4/14/20140.3430BUY 1,389.41
3/26/20140.4345SELL 1,392.19
3/17/20140.5110BUY 1,640.59
3/7/20140.7990SELL 1,643.88
2/6/20140.2725BUY 561.77
1/27/20140.2939SELL 562.90
1/22/20140.2596BUY 498.20
1/16/20140.2337SELL 499.20
12/12/20130.1132BUY 242.29
12/6/20130.1202SELL 242.78
11/25/20130.1020BUY 206.43
10/9/20130.1363SELL 206.84
10/2/20130.1241BUY 188.70
9/23/20130.1570SELL 189.08
9/11/20130.0827BUY 99.80
† Trade commissions taken as 0.20%.
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