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Witnessed Bearish Engulfing Pattern for Hindustan Unilever.
Entry Price @ 2136.5
Target @ 2110.6
Stop Loss @ 2185.6
Short Position can be created.
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Stock Ticker – NSE: HINDUNILVR – Hindustan Unilever Ltd. – CONSUMER GOODS
Bearish Trade plan:
Entry Level 2136.5 Target 2110.6 Stoploss 2185.6
Analyst Rating – :4/5
View Posted on 2019-11-18
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Good Analysis! Thanks
Hi,
The bearish engulfing pattern is found towards the end of an upward trend but here the prior 3-4 days is sideways movement so, it doesn’t act as an engulfing pattern.
Thanks Suresh
Oh K noted Naresh