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sridharvenkatesh
Dec 26, 2022 6:09 AM

Bullish engulfing pattern Long

MAFATLAL INDUSTRIES LTD.BSE

Description

Crossing a strong resistance point with very high volume just after breaking support. Seems like there will be minimum 10% upward movement. Stop loss can be kept at 5%.

Comment

Bad choice. Shouldn't have relied on unusal volume spikes Exited at loss of 10%
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