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  • #10497
    gorantla.vinod
    Participant
    Rank: Level 4

    The stock formed engulfing pattern in 10 june 2015 with previous day bullish body fully covered by latest bearish body and volume was also very good last 2 days.

    there was recent rally from 202 to 243

    RSI was at 60 level

    Trade Plan: AMBUJACEM – Engulfing  – Bearish – Short position can be considered.

    Entry@228, Stop Loss@238, Target@208

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