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Last Update
7/28/2014
ELTP
ELITE PHARMACEUTICALS
SELL
Last Pattern: BEARISH ENGULFING
Last Close:
0.3360
Change:
-0.0080
Percent change
-2.33%
6 mo. Rating 5
$100⇨ 263.22
12 mo. Rating 5
$100⇨ 1,720.91
24 mo. Rating 5
$100⇨ 3,101.92
Signal Update
Our system’s recommendation today is to SELL. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed the confirmation level which was at 0.3410, and our valid average selling price stands now at 0.3406. The previous BUY recommendation was issued on 7/16/2014, 12 days ago, when the stock price was 0.3700. Since then ELTP has fallen by -7.95%.
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.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
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Pattern Description
This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
7/28/20140.3406SELL 3,101.92
7/16/20140.3700BUY 3,376.43
6/25/20140.4295SELL 3,383.20
6/23/20140.4224BUY 3,333.94
6/12/20140.3616SELL 3,340.62
6/9/20140.3503BUY 3,242.71
5/16/20140.4295SELL 3,249.21
5/14/20140.4604BUY 3,489.95
5/2/20140.4591SELL 3,496.94
4/24/20140.3803BUY 2,902.53
4/16/20140.3436SELL 2,908.35
4/14/20140.3430BUY 2,909.09
3/26/20140.4345SELL 2,914.92
3/17/20140.5110BUY 3,435.00
3/7/20140.7990SELL 3,441.88
2/6/20140.2725BUY 1,176.21
1/27/20140.2939SELL 1,178.57
1/22/20140.2596BUY 1,043.11
1/16/20140.2337SELL 1,045.20
12/12/20130.1132BUY 507.29
12/6/20130.1202SELL 508.31
11/25/20130.1020BUY 432.21
10/9/20130.1363SELL 433.08
10/2/20130.1241BUY 395.11
9/23/20130.1570SELL 395.90
9/11/20130.0827BUY 208.96
9/3/20130.0814SELL 209.38
8/5/20130.0698BUY 179.90
7/29/20130.0696SELL 180.26
7/19/20130.0719BUY 186.59
6/26/20130.0789SELL 186.96
6/21/20130.0701BUY 166.44
4/29/20130.0760SELL 166.77
4/12/20130.0684BUY 150.39
4/4/20130.0699SELL 150.69
3/25/20130.0761BUY 164.39
3/7/20130.0889SELL 164.72
2/28/20130.0756BUY 140.36
2/8/20130.0939SELL 140.64
2/1/20130.0866BUY 129.97
1/24/20130.0901SELL 130.23
1/17/20130.0756BUY 109.49
1/11/20130.0840SELL 109.71
1/9/20130.0791BUY 103.52
12/19/20120.0919SELL 103.73
12/10/20120.0783BUY 88.56
10/25/20120.0957SELL 88.74
10/18/20120.1049BUY 97.47
10/15/20120.1087SELL 97.67
10/11/20120.1125BUY 101.29
10/5/20120.1148SELL 101.49
9/25/20120.1153BUY 102.14
9/17/20120.1197SELL 102.34
8/29/20120.1095BUY 93.81
8/6/20120.1159SELL 94.00
8/1/20120.1228BUY 99.80
† Trade commissions taken as 0.20%.
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