Indigo - Technical learning
INDIGO
1) Chart attached in media
2) At the top we see bearish engulfing red candle
3) Generally Bearish engulfing indicates a change of trend from upward to downward
4) If the same is bullish engulfing means green candle in downward momentum then the trend changes to upward
5) Bearish engulfing indicates that the entire body of the green candle in engulfed by the red candle.
6) This is for learning
7) This is based on old data. Older than 3 months.
Thank you,
Technofunda24
#WatchOutFor#TechnicalViews

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