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A Perfect example of "Bearish Engulfing" (Dixon)

Short
NSE:DIXON   DIXON TECHNOLOGIES
Dixon has seen a massive uptrend and also in the upper band of RSi (80) and also formed bearish engulfing , so in short term, we can see a good correction.

What is bearish engulfing?
- A is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle.


This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.