Bearish Engulfing – Short
Entry = 937
Stop Loss = 976
Risk = 39
Target = 898
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Bearish Engulfing – Short
Entry = 937
Stop Loss = 976
Risk = 39
Target = 898
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Hi,
A bearish engulfing pattern occurs in the candlestick chart of a security when a large red candlestick fully engulfs the smaller green candlestick from the period before. This pattern usually occurs during an up trend and is thought to signal the beginning of a bearish trend in the security.
Thanks Naresh. Will note it.