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Dark cloud covering markets? What you must know about this chart pattern

This pattern indicates a negative sentiment in the stock which, if met with follow-up selling, can aggravate the negative sentiment further

Topics
Markets Ahead | Market Outlook | technical analysis

Avdhut Bagkar  |  Mumbai 

technicals
technicals

A fundamental change in a company’s outlook or a reversal in the overall market mood may have a meaningful bearing on the way a particular stock behaves in the market. Technically, any reversal in an uptrend is known as a ‘bearish reversal trend’, which indicates that the trend may reverse and the price may start falling.

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First Published: Thu, April 22 2021. 08:26 IST
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