Educational Series Price Action concept series Engulfing pattern Engulfing means to coverup small thing with larger thing. It is a pattern which shows counter attack made by bulls or bears. Bullish Engulfing Whenever the entire of body red candles(Bear) is covered by Big green candle(Bull) then it is called Bullish engulfing candle. This pattern shows...
Asian Paint is Uptrending stock and outperforming nifty 50 index. Today's price action show power of bulls in asian paint as entire index was falling but asian paint made a breakout. Asian paint is good buy with 1st target of Rs 3622 based on size of flag. Traders are requested to do their own analysis and post it in comment section.