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Bullish Engulfing pattern
Trade plan:
- Symbol: Bajaj Auto
- Direction: Long
- Entry: 1927
- SL: 1870 (Risk = 57)
- Target: 1984 (Reward = 57)
Reasons for qualifying engulfing pattern:
- Recent fall in price witnessed
- Latest green bullish body cover the previous day red bearish body
- Slight increase in volume
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