Comment on Single Candlestick patterns (Part 1)

Devaki Nandan commented on 16 Mar 2015, 04:24 PM

Hi Saikiran, In my view its not a Marubozu as lower shadow is close to 3%. its a bullish engulfing candle. though on good volumes, resistance levels cant be seen due to all time high. in my view trade should not be taken on this as very deep stop loss i.e, 44 Rs. on a scrip of 290.

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