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Nikita (SEBI RA)

18th Sep · SEBI-Registered Analyst

Thrusting Pattern – Bearish Continuation

📊 The Thrusting Pattern also suggests continuation of downtrend. ✅ Formation (2 candles): 1️⃣ First → Long red candle. 2️⃣ Second → Green candle opens gap down, closes inside prior red but below midpoint. ✅ Meaning: Buyers attempted recovery but failed to cross halfway → bears still stronger. 📌 Example: Stock falls ₹500 → ₹470, then Thrusting appears closing at ₹475 (below midpoint) → trend likely remains bearish. 🧠 Rule: Strong continuation signal if followed by another red candle.

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