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Following a series of negative candles a positive candle engulfing the previous negative candle has appeared. If the price tends to above the top tail of the engulfing candle, we can take long position(ONLY IF).
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Stock Ticker – NSE: RELIANCE – Reliance Industries Ltd. – ENERGY
Bullish Trade plan:
Entry Level 1188.20 Target 1226 Stoploss 1150.40
Analyst Rating – :4/5
View Posted on 2019-08-01
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Hi,
Thank you for sharing your analysis with us…… your hard work really inspiring others.
Thanks for the appreciation Naresh. It is a motivating factor for us.
Entry got triggered. Lets wait and watch how it proceeds.
Stop loss triggered.