CONDITIONS FOR BEARISH ENGULFING:
1. Significant positive trend. ( Yes present)
2. Following a series of positive candles, a sudden appearance of negative candle engulfing the previous day positive candle. (Yes present)
3. Slight rise in the trade volume in any one of the previous 2 days. (Yes present)
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Stock Ticker – NSE: PFC – Power Finance Corporation Ltd. – FINANCIAL SERVICES
Bearish Trade plan:
Entry Level 130.60 Target 125.10 Stoploss 136.10
Analyst Rating – :4/5
View Posted on 2019-06-10
Supporting our analysis RSI has started to move below 70 mark line(over bought position)
Hi,
Good spot sir