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Here the price falls down continuously for 4 days and after which there is an engulfing pattern. Highest of the last 2 days, 663.2, is the entry point. Lowest of the last 2 days, 627.8 is the stop loss. Risk is 663.2 – 627.8 = 35.4. The target is 663.2 + 35.4 = 698.6
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dear sir
The pattern you have found out is not engulfing pattern . engulfing pattern means that the latest body should cover the previous body