Hey guys,
I am new to TA. Currently following modules offered by zerodha varsity. Can anyone help in the attached image… is the circled candle show a bearish engulfing patter or I am missing something…
Appreciate your help
Thanks
Yes it is a bearish engulfing pettern .
As per the modules it’s reversal pattern. But here, I think it’s a false signal. Any way we can protect ourselves from false signals?
Candlestick pattern alone will not give the whole picture, you need to study it along with support/ resistance and other indicators.
Hello, could you give weekly chart too