Sample stock: PFCL, identified bullish engulfing with the following observations:

Period:8th nov 2016 to 10th nov 2016

1. downtrend in price 2. bearish(red colour)candle followed by bullish candle(green). 3.Green candle body totally engulf red body. 4.Green candle opens below previous close(sellers pressure) and closes above prior open(buyers step in)marking strong finish and reversal of trend. 5. increase in volume 

Considering risk/reward ratio at 1:1 

stoploss 103.1
entry 117.4
target 131

 

0 Comments

Leave a reply

©2024 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?