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1. Last Two Months
Stock is in Up-trend
2. Day 16-09-2019 –
Bullish Engulfing
3. Stock is in Side
Ways – If Respects Blue trend Line – it will go for Range Breakout – If Closes above
Rs.405
4. Buy Above 405, SL – 379, T – 457
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Stock Ticker – NSE: BAJAJELEC – Bajaj Electricals Ltd – CONSUMER GOODS
Bullish Trade plan:
Entry Level 405 Target 457 Stoploss 379
Analyst Rating – :3/5
View Posted on 2019-09-16
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Hi,
Bullish engulfing pattern is found towards the end of a downward trend but here the prior trend is sideways movement, so it does not act as engulfing pattern.