bearish and bullish engulfing
hello sir,by19/02/15 indusindbank formed a bearish engulfing and 20/02/15 the same stock formed a bullish engulfing chart pattern.in this situation how i work in this stock.
Posted by pradhaprajan Posted on : 22-Feb-2015
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Answer to this Question By Community | Posted by Admin Posted on: 24-Feb-2015 | Stock pattern predict possibility of future stock movement. At most tell about the probability of something happening but without guarantee. That's why experienced trader play with stop loss.
In this scenarios, it has give some false signal so playing with stop loss would have limited your loss. Thanks Site Admin |
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