Bullish Engulfing witnesses at Axis Bank on 18 Sep’19 – EQSIS PRO

Amreentaj, November 26, 2019, Engulfing Candlestick Pattern

Bullish Engulfing is noticed in Axis Bank on 18 Sep’19 with high volume.

Entry point : 680

stop loss : 640

target : 720

4 Comments

Suresh Surulimuthu 4 years ago

@amreentaj
Good analysis. Thanks for posting. Could you please check the below condition to qualify bullish engulfing pattern?
“The body of the engulfing candle (Green) should cover the previous candle (Red).”

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Author

Amreentaj 4 years ago

Hi Suresh,

Thanks for the details. please find the below chart on the same.

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Suresh Surulimuthu 4 years ago

Hi Amreentaj,
It’s Perfect !! Thanks for posting.

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Author

Amreentaj 4 years ago

Thank you !

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