Bullish engulfing is seen with high volume after a price fall. This indicates the price would go up. Long positions can be initiated at an Entry price of 205 with an target of 246 and stoploss 164
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Bullish View
Bearish View
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It’s a good analysis. Thanks for posting.
Thanks Suresh!
Excellent analysis !!!
Thank you Shyam!
As per Dow theory why don’t wait until higher high..
Nicely explained