SUNPHARMA-BULLISH TREND AFTER ENGULFING PATTERN WITH FAIRLY GOOD VOLUME
, , SUNPHARMA
, , SUNPHARMA
Recently Active Members
Bullish View
Bearish View
-
Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
-
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
-
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
-
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
-
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Good spot, worth to trade in this.. kindly review the trade plan. Here risk is more than expected returns..
thank you also the trade plan did i have to reduce i target?
Target can be set based on the risk taken, at-least it some be one times of the risk taken.
Dear Researcher,
The entry price is 675 and the target is 710. The expected margin (reward) is 35.
The stop loss is 620. The risk (max loss expected in case of stop loss gets hit) is 55.
The risk reward ratio is not good. The reward should be normally more to venture into initiating trade.
Check out one another observation on same company https://www.eqsis.com/pro/sun-pharma-formed-a-triangle-pattern-with-the-breaking-of-a-trend-line/
I have one concern is nothing but after the significant fall if engulfing pattern means then the latest green body must should cover the previous day red body.But here it is not fully covered?
Then is it to be considered as a bullish engulfing?
yes monish kumar ji correct.