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AEGIS LOGISTIC is listed in S&P CNX500. Formed a weekly engulfing.Today is Q2 result announcement after i can decision to trade.
Not suggested to public.It is my personal abservation.
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Stock Ticker – NSE: AEGISCHEM – Aegis Logistics Ltd. – ENERGY
Bullish Trade plan:
Entry Level 175 Target 250 Stoploss 165
Analyst Rating – :5/5
View Posted on 2019-11-14
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Hi,
It covered the previous day candle but the prior trend is not much convincing.
The Bullish Engulfing Candlestick Pattern usually occurring at the end of the downtrend. Here the prior trend is sideways movement.
I would suggest you use a daily candlestick pattern for swing trading (Swing trading is a short term strategy to capture gains in an asset over a few days). If it is more than that, I’d suggest you pay attention to the weekly pattern also
Hi ,Mr Naresh, thanks for your reply, & suggestion is good. after q2 result is poor it trading negative direction yesterday.