Bearish Engulfing Candlestick Pattern – Castrol India – 01Aug18

Home Bearish Engulfing Candlestick Pattern – Castrol India – 01Aug18

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1 Comment
  1. Author
    Yogi Ramachandran 5 years ago

    Trade plan:
    Conditions for Bearish Engulfing (Sellers outpace Buyers):
    • A recent rise in price can be witnessed.
    • The latest Bearish (red) body covers the previous day Bullish (green) body.
    • Marginal increase in trading volume during formation of Engulfing pattern is seen.
    • Short position created
    • Entry (A) Rs. 166
    • Stop Loss (B) Rs. 177
    • Exit Rs 155 calculated as A-(A-B)

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