identified a bullish pattern
identified a an engulfing pattern before trend reversal
checked the volume, found it to be not high during engulfing, but increased with the following candle.
entry 759
stop loss 801
target 717
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@naresh, sir please check this analysis and tell whether such a decision can be made.
Thank you.
Hi sir,
The bearish engulfing pattern is found towards the end of an upward trend but here the prior 3-4 days is sideways movement so, it doesn’t act as an engulfing pattern.