A bullish engulfing candlestick observed on daily chart of Ambujacem. The previous trend was downwards after which a bullish candle was observed which engulfed the previous candle completely. Long position taken after price went above the high of the engulfing candle. Stoploss was assumed to be the low of the engulfing candle.
AMBUJACEM – BULLISH ENGULFING CANDLESTICK
