TRADE SETUP – ACC – BEARISH ENGULFING CANDLESTICK PATTERN

Dear All,

As usual, I prefer to trade less number of stocks instead of opening so many trades at a time. Maruti didn’t work well for us. Anyways that’s past now. Let’s focus on next setup.

Now I got the setup in ACC. Price tries to Test the last resistance zone of 1825 to 1785 and got rejected from the resistance zone. On Daily Chart, Price has made a Bearish Engulfing Candlestick Pattern.

Bearish Engulfing Candlestick Pattern

Price has also made a BAT/CRAB PATTERN. Out of XABCD lines, we will be trading CD Leg of XABCD Pattern but we need to wait for the confirmation tomorrow & also nice to see how beautifully price is moving between the trendlines.

So, will update you on the Trade Tomorrow might be during market hours. Be Alert!

The chart is attached below for your reference.

ACC Daily Chart

Learning Here – Bearish Engulfing Candlestick Pattern & BAT/CRAB Pattern (Harmonic Pattern) – Will share separately details about Harmonic Patterns.

Cheers

Sid

Disclaimer

Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

Leave a Reply