NAUKRI - Bullish Engulfing Pattern formed at Support

A strong bullish engulfing pattern is formed on an important support level. The support level of 4064 is a 50% Fibonacci retracement level and is also an important psychological level. So the bullish engulfing pattern on such an important level indicates an uptrend.

Trade Zone:
If the price moved above 4265 and sustained, then we could see the levels of 4529

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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

Thanks
Er. Simranjit Singh Virdi