Bullish engulfing & double bottom breakout with high volume. Price surge is expected.
, , PTC
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Dinesh Kumar,
Can you specify which two bottoms you are taking into account to call it double bottom. Also candle of 07/05/2018 is not a bullish engulfing candle. Open of the candle of 07/05/2018 is Rs.88.50, which is same as the close of 04/05/2018 candle. To call it a bullish engulfing candle , the open of 07/05/2018 candle should have been lower than Rs. 88.50.
Volume is definitely more on 07/05/2018. and candle of 07/05/2018 is a strong bullish candle.