feel free to call us +919500077790 info@eqsis.com
Identification: Bullish Engulfing observed in ACC India.Ltd. on february.
Reasons for confirmation:
1) Duration took to form is within one week,
2) A bullish engulfing pattern is visible,
3) A strong uprise of the stock price is noticed,
4) the volume during engulfing is high.
Trade plan: Since it is a bullish engulfing long positions can be taken, as indicated in the chart.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Stock Trading is business, the success depends not just on capital or subscribing advisory services or participating workshops. The factors such as your awareness level about business, Efforts and your contributions, Smartness, Knowledge in analysis and trading instrument, availability of infrastructure and emotional control determine your success.
EQSIS, A Stock Market Research Firm
Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro
Sir,
You may please review the pattern, Entry and Stoploss points against the conditions.
Conditions for bullish engulfing:
1) There should a recognisable previous trend. (Bearish)
2) The latest candlesticks body (Green) should cover the previous candlestick’s body (Red).
3) The slight increase in volume is expected.
Bullish engulfing should appear at the end of the downtrend. The buy should be above the top of the engulfing candle and the stoploss should be the lowest low of the engulfing candle (Green) and the previous day’s candle.
You may refer the attached sample chart.
nice