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Bearish Engulfing – KOTAKBANK

KOTAKBANK:

Bearish Engulfing observed on 23 June, 2017. 

Bullish trend observed for 4 days followed by bearish engulfing. Slight increase in volume in the last 2 days. 

Take short position on June 27, 2017 when the price falls below 982.5

Entry price: 982.5 on June 27, 2017

Stop loss = 1004.3

Target = 960.5 achieved on June 29, 2017

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