chinmaypatnaik

MUTHOOTFIN - BULLISH ENGULFING

Long
NSE:MUTHOOTFIN   MUTHOOT FINANCE LTD
Bullish engulfing indicates a surge in buying pressure, often triggers a reversal in trend as more buyers enter the market to drive prices up further. Attractive entry levels can be obtained after receiving confirmation of the bullish reversal. Chart is self-explanatory.

Comments

just a doubt , i understood this but i read that for bullish engulfing it needs to satisfy the condition that trends needs be downward trend but in this case its upward trend. I am beginner .can you clarify it.
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