Grasim Industries is in line with a bearish engulfing pattern. One can short as per the levels given and do your own analysis before initiating any trade.
Grasim Industries – Bearish Engulfing.
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Bullish View
Bearish View
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Hi,
The bearish engulfing pattern is a powerful reversal candlestick pattern that hints of a bearish reversal in a stock. The pattern usually emerges after a nice bullish rally. The presence of the engulfing pattern completely wipes out the bulls and lead in the bears.
please find the attached screenshot for your reference.