TECH MAHINDRA PRE RESULT AND POST RESULT CANDLESTICK ANALYSIS

24-10
THIS FIRST DAY STOCK HAS SHOW SOME FIGHT BETWEEN BULLS AND BEARS , BUT BULLS MANAGED THE DAY ENDED UP NEAR THE DAYS OPEN THIS IS THE STARTING POINT WHERE MARKET EXPECTS SOME POSITIVE RESULTS FROM THE COMPANY

25-10
ON NEXT DAY EVEN THOUGH THE DAY SEEMED TO CONTROLLED BY BEARS, WE SHOULD NOTE A VERY IMPORTANT POINT THAT BULLS DOESN'T LET THE BEARS GO BEYOND THE PREV DAY LOW.

26-10
FIST FIGHT BETWEEN BULLS AND BEARS
BUT BULLS MANAGED THE FIGHT AND TOOK CONTROL OF IT AND MANAGED TO CLOSE ABOVE THE PREVIOUS TWO DAYS LOW LEVEL THIS CLEARLY SHOW THAT MARKET EXPECTS A POSTIVE RESULT SO BULLS ARE NOT LETTING THE PRICE DOWN.

29-10
DAY BEFORE THE RESULT DAY

A GAP UP OPEN CLEARLY INDICATES IT WAS POSTIVE DAY, BUT BEARS MAKE A ATTEMPT AND IT WAS OVERCOMED BY BULLS AS THE TOOK THE RESULT EXPECTATIONS TO NEXT LEVEL OF POSITIVENESS

30-10
RESULT DAY - AS THE RESULTS WAS TO BE ANNOUNCED AFTER THE MARKET HOURS , BULLS MADE SURE THAT ITS GOING TO MEET THE ESTIMATES.

31-10
AND AFTER THE POSTIVE NUMBERS REPORTED BY THE COMPANY WHICH BEAT STREET ESTIMATES BULLS CHEERD UP AND TOOK THE STOCK TO WHOPPING 8% INCREASE IN INTRADAY.

THIS IS JUST A EXAMPLE ANALYSIS THAT HOW CANDLE STICKS ARE REFLECTING THE MARKET SENTIMENT AND HOW MARKET IS EXPECTING THE RESULT FROM A PARTICULAR COMPANY.

AS A SMART SWING TRADER ONE COULD HAVE ENTERED THE STOCK ON 29.10 ON NEARING MARKET CLOSE.