Price has formed a Bullish engulfing pattern on the daily time frame which is a bullish reversal pat

Company
02 Sep 2024
5 Min read 
  • Bullish engulfing pattern on daily timeframe suggests possible upward movement.
  •  Stochastic indicator shows bullish crossover and exits oversold zone, confirming upward momentum.
  •  Recommendation to buy stock at current market price (CMP) of 24.
  •  Set stop-loss at 21 and target price at 29.
  •  Technical view on YES BANK as a conviction delivery idea.
  •  The analysis was made on 2nd September 2024.
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