Poonawalla Fincorp among 4 stocks that may witness uptrend

Roshni Agarwal, ETMarkets.com Sep 11, 2023

Trend Reversal

​The candlestick scan performed on the previous trading session (September 8, 2023) shows that 4 major counters formed Bullish Harami Cross pattern (Source: StockEdge). Such an occurrence after a strong downtrend signifies that the current trend may reverse. ​ Image Source: iStock

What is a Bullish Harami Cross pattern?

It is a two-bar candlestick pattern formed after a downtrend. The first bar is a red candlestick, normally followed by a standard or long legged Doji. This Doji is completely engulfed by the preceding candle. Image Source: iStock

Archean Chemical Industries

Previous closing: Rs 633.2 | Stock price change: 1.5% Image Source: ETMarkets.com

NCC Ltd.

Previous closing: Rs 159.2 | Stock price change: 1.1% Image Source: ETMarkets.com

The Fertilisers and Chemicals Travancore

Previous closing: Rs 518.1 | Stock price change: 0.8% Image Source: ETMarkets.com