- This topic has 2 replies, 2 voices, and was last updated 8 years, 7 months ago by
.
-
Posts
-
In sequence 1 it is a bullish engulfing
COMPANY: BHEL
ENTRY – 210
TARGET – 225
STOP LOSS – 195
In sequence 2 it is a bearish engulfing
ENTRY – 285
TARGET 270
STOP LOSS – 300
Note: in both sequence the volume is high.
DEAR SIR /MADAM
IN SEQ2 Bearish engulfing the engulfed candle should not be a variation DOJI ie both candles must be ordinary
IN Seq1 both candles seems to be almost or doubtful equality at the down side of the body
PLEASE choose those engulfing pattern where the body of the second candle is bigger than the first oneRespected sir,
In sequence 1 the bearish body closing price is 197.45 and the bullish body opening price is 197.50 so it doesn’t affect much.
in sequence 2 we we cannot qualify that as a doji because bearish doji should be in reddish colour in the chart it is in green colour so it lost the significance of bearish doji.
- You must be logged in to reply to this topic.
