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Bullish engulfing is seen with high volume after a price fall. This indicates the price would go up. Long positions can be initiated.
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Stock Ticker – NSE: MANAPPURAM – Manappuram Finance Ltd. – FINANCIAL SERVICES
Bullish Trade plan:
Entry Level 149.5 Target 165.4 Stoploss 133.6
Analyst Rating – :4/5
View Posted on 2019-10-18
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It’s nice. Thanks for posting.
Bullish engulfing is a reversal pattern. It is more reliable when it appears at the end of a bearish trend. From the chart, it seems the price moves in rangebound after a bullish trend.
Anyway, we will watch the movement.
Sure. Even I am watching the success ratio of these analysis. Will see
We can get some clue by looking an entire chart