CONCOR BEARISH ENGULFING IS OBSERVED TODAY. IT IS A TREND REVERSAL PATTERN. THE RED CANDLE HAS COMPLETELY ENGULFED THE GREEN CANDLE OF THE PREVIOUS DAY. RECENT PRICE RISE IS ALSO SEEN. THERE IS GOOD VOLUME TODAY SHOWING STRONG PRESENCE OF SELLERS. SHORT POSITION CAN BE CREATED IF PRICE GOES BELOW THE LOW OF TODAY. STOP LOSS IS AT HIGH OF TODAY AND THE REWARD IS EQUAL TO RISK TAKEN.
CONCOR – BEARISH ENGULFING
