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Bearish Engulfing Parabdrugs on 2nd May 2017
Bearish Engulfing was spotted in Parabdrugs on 2nd May 2017. A Short position can be made around Rs 8.5 with a Stoploss of Rs. 9.1 and target of 7.7
Company Name: Parabdrugs
Direction: Engulfing, bearish
Entry Price: 8.5
Stop Loss: 9.1
Target Price: 7.7
Duration: 20 days
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Hi,
Bearish engulfing candlestick pattern is a bearish reversal pattern, usually occurring at the top of an uptrend but here the prior trend is sideways movement.
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