TELECOMMS
BUY
Close
693.10
Prev.Close
688.64
Change
+4.4600
Change%
+0.65%
Bought at
690.53
Open
688.64
High
695.20
Low
686.20
Close
693.10
Gain%
+0.37%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the values crossed above the confirmation level which was at 688.64, and our valid average buying value stands now at 690.53. The previous SHORT signal was issued on 12-03-2024, 6 days ago, when the index value was 692.90. Since then FRTEL has fallen by -0.34%.
Market Outlook
We may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.
Pattern Description
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
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