Observed a bullish engulfing pattern with the prior trend being a clear downtrend.Even though it is not formed at the “near support”, the formation is still near one of the past support lines with average volume on both the pattern formation days.The RSI confirms the uptrend with a rise in direction from the oversold of region of 30 which is a good sign that the upcoming trend is going to be bullish.
Hexaware-Bullish Engulfing-19Apr2017
