Bullish Engulfing
The bullish engulfing pattern is a two-candlestick reversal pattern that signals a potential rise in price. It is formed when a small bearish candle is followed by a larger bullish candle that completely engulfs the body of the first candle.
The pattern is more reliable when it occurs after a strong downtrend.
Here are some tips for trading the bullish engulfing pattern:
- Look for the pattern to form after a strong downtrend.
- The second candle should be larger than the first candle.
Traders can use technical indicators, such as moving averages and momentum indicators, to confirm the bullish engulfing pattern.
The bullish engulfing pattern is a useful tool for traders who are looking to buy the market. However, it is important to remember that no single pattern is 100% reliable, and traders should always use caution when trading.
These stocks have formed a Bullish Engulfing Pattern on 1 Day time frame
| Company Symbol | Sector | Price | Change | Volume | 52wk High | 52wk High | 1Y Beta | P/E | M Cap | Rating |
|---|---|---|---|---|---|---|---|---|---|---|
| BSHSL | Process Industries | 245.30 | 6.35 (2.66%) | 12,980 | 665.70 | 92.15 | -0.80 | 127.76 | 25.1 B | Neutral |
| GREENPLY | Producer Manufacturing | 165.55 | 4.20 (2.60%) | 257.1 T | 191.85 | 134.50 | 0.99 | 28.66 | 19.9 B | Buy |
| KSOLVES | Technology Services | 1,062.70 | 32.05 (3.11%) | 11,951 | 1,447.00 | 356.00 | 0.11 | 46.90 | 12.3 B | Sell |
| RAINBOW | Health Services | 1,049.20 | 14.80 (1.43%) | 248.9 T | 1,184.60 | 606.20 | 1.02 | 49.85 | 105 B | Buy |
| VESUVIUS | Non-Energy Minerals | 3,092.60 | 55.70 (1.83%) | 13,300 | 3,738.00 | 1,408.50 | 0.27 | 39.40 | 61.7 B | Sell |