After the Price Fall the Latest Green candle engulfed the previous Red candle. The trade was entered at point A (389.8) with a long position, which is the High of the engulfing candle. The stoploss is set at point B (376.7), which is the low of the candles. The Target is set at Point C (402.9), which was reached in 5 days.
DABUR – BULLISH ENGULFING
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Stock Analysis
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Bullish View
Bearish View
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Nice finding Allen.
Thank you Mohan. I do refer to your old posts for clarifications. 🙂
You are welcome 🙂