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kalyanganguly
Sep 25, 2020 6:44 PM

Godrej Consumer - Confirmation of Bullish Engulfing  Long

GODREJ CONSUMER PRNSE

Description

Note: This is for educational purpose only.

There seems to be a confirmation of bullish engulfing pattern which buying volumes. RSI below 60 indicates still in neutral zone.
Comments
JalpeshAndharia
bullish engulfing work when form trend, if this condition there are no trend, stock trade in range, also last candle is pinbar near resistance, it also sign of bearish. individual candle work only when logic apply.
kalyanganguly
@JalpeshAndharia - you are right. But bullish engulfing indicates a trend reversal at support even when the stocks are in range.
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