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Bullish and Bearish Engulfing pattern in HDFC

The Bullish Engulfing Candlestick Pattern is a bullish reversal pattern, usually occuring at the bottom of a downtrend.The second candle completely “engulfs”the real body of the first one.

Bullish engulfing:

Entry – 1159.8

target -13140

Stoploss – 1151.8

Bearish engulfing:

Entry -1305

target – 1208

Stoploss – 1348

 

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