AMBUJA – Bullish- buy 222 – SL 214 – Target – 228

[Navin]

AMBUJA- Engulfing pattern – Bullish

<span style=”line-height: 1.5;”>AMBUJA </span>has formed a engulfing pattern on july 11.

Position – Long.

Buy at Rs 222.

SL at -214.

Target 228

[V.VEDANAYAGAM]

DEAR SIR /MADAM
Trade is successful
PLEASE see that the bottom of the bodies of both candle should not be at same level for engulfing
IN the chart it seems they are almost equal
HAPPY TECHNICAL ANALYSIS

[Navin]

Dear Sir/Madam,

Correct me if i am wrong, as long as Engulfing pattern is concerned, the green body should cover the previous days Red.

So, the above mentioned stock satisfies as per that condition.

Please revert, in case of any concern.

Cheers!

 

[V.VEDANAYAGAM]

DEAR SIR /MADAM
first of all please have a trade plan where REWARD >>RISK
When GREEN engulfs the RED
1 OPEN price of the GREEN has to be LOWER than the CLOSE price of the RED
2 CLOSE price of the GREEN has to be MORE than the OPEN price of the RED
IN the chart it seems item 1 is equal

[EQSIS]

Dear Sir,

Thanks for our valuable comment and suggestion..

As per Your Condition – Point 1: I have verified the charts : The Previous days close is Higher than the Green Bullish days Open. Hence it covered the previous days Body..

For More details Verify the AMBUJACEM Price Charts

[Author]

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