Here the price rises up continuously for some days and after which there is a bearish engulfing pattern. Highest of the last 2 days, 520.4, is the stop loss. Lowest of the last 2 days, 503.3 is the entry point. Risk is 520.4 – 503.3 = 17.1. The target is 503.3 – 17.1 = 486.2
Engulfing Pattern-Bearish-AXISBANK
