Bullish Engulfing Pattern
by @hardikbhaixa360518
Bullish Engulfing Pattern
What are Bullish Engulfing Patterns?
Bullish Engulfing patterns consist of two candlesticks: the first is a smaller bearish candle followed by a larger bullish candle that completely engulfs the first. This pattern emerges during a downtrend, suggesting a potential shift towards an uptrend. It indicates that buyers have gained control and are pushing prices up, often leading to a change in market direction. The pattern is highly regarded for its reliability in predicting a bullish reversal.
What do Bullish Engulfing Patterns Tell Us?
Bullish Engulfing patterns signal strong buying interest that can lead to a reversal of the prevailing downtrend. They tell us that, despite recent bearish momentum, buyers have managed to take control, potentially driving up the stock’s price. This can be an important indicator for traders who are looking to enter long positions in anticipation of a continued upward movement.
Filters Used to Sort the Above Stocks
1. The name itself is a filter - Bullish Engulfing
This filter is designed to identify stocks exhibiting a Bullish Engulfing pattern. The use of this filter allows traders to focus on stocks that have shown a clear shift in momentum from bearish to bullish within the trading session. It is particularly useful for identifying stocks that may be poised for a significant upward trend, providing a strategic advantage for entry into the market.
Key Takeaways
1. What does the Bullish Engulfing pattern signify?
The Bullish Engulfing pattern is a powerful signal of a potential reversal in market trends, indicating a shift from bearish to bullish sentiment.
2. How does this pattern reflect buyer behavior?
This pattern demonstrates that buyers are dominating the trade, which could lead to a sustained upward movement.
3. Why is identifying a Bullish Engulfing pattern useful for traders?
For investors and traders, identifying a Bullish Engulfing pattern can serve as a strategic entry point for taking long positions.
4. How does this pattern influence investor confidence?
The appearance of a Bullish Engulfing pattern can boost confidence among investors regarding the stock's future performance.
5. What makes the Bullish Engulfing pattern reliable?
The reliability of this pattern makes it a valuable tool for confirming the end of a downtrend and the beginning of an upward trajectory in the stock’s price movement.
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Volume 2,00,000
Price | Change | Price %Change | Volume | PE Ratio | Market Cap | RSI (14) | EMA (5) | |
|---|---|---|---|---|---|---|---|---|
| 4,380.60 | 100.10 | 2.34% | 25,42,442 | 31.02 | 6,02,587 | 72.57 | 4,298.46 | |
| 372.95 | 9.75 | 2.68% | 1,67,36,731 | 14.19 | 3,61,637 | 63.55 | 368.38 | |
| 2,080.00 | 37.00 | 1.81% | 9,22,200 | 82.63 | 2,08,589 | 59.90 | 2,055.02 | |
| 193.98 | 4.46 | 2.35% | 1,45,95,009 | 7.64 | 1,48,077 | 69.67 | 189.72 | |
| 4,241.70 | 15.30 | 0.36% | 3,41,529 | 62.90 | 1,43,558 | 66.58 | 4,212.27 | |
| 154.15 | 4.73 | 3.17% | 3,56,44,772 | 7.36 | 1,39,824 | 57.88 | 150.48 | |
| 23,871.00 | 1,020.00 | 4.46% | 2,18,752 | 121.00 | 1,06,399 | 71.20 | 23,223.82 | |
| 1,780.00 | 21.80 | 1.24% | 23,89,917 | 73.74 | 85,100 | 75.41 | 1,754.19 | |
| 1,029.65 | 12.60 | 1.24% | 17,48,085 | 32.88 | 76,908 | 61.77 | 1,016.97 | |
| 158.18 | 1.45 | 0.93% | 10,77,193 | -27.40 | 71,389 | 48.42 | 156.15 | |
| 1,310.40 | 35.80 | 2.81% | 20,72,110 | 80.56 | 48,034 | 44.56 | 1,287.45 | |
| 1,636.60 | 15.60 | 0.96% | 6,79,027 | 87.06 | 43,967 | 69.30 | 1,625.02 | |
| 10,519.00 | 455.50 | 4.53% | 2,34,160 | 41.57 | 42,253 | 76.80 | 10,070.97 | |
| 3,151.80 | 144.80 | 4.82% | 3,18,068 | 52.48 | 37,556 | 62.89 | 3,051.72 | |
| 768.75 | 15.95 | 2.12% | 15,83,508 | 25.68 | 34,824 | 49.37 | 764.19 | |
| 532.10 | 4.05 | 0.77% | 19,82,341 | 54.15 | 33,082 | 62.19 | 530.11 | |
| 933.50 | 21.70 | 2.38% | 4,31,740 | 36.89 | 31,908 | 52.74 | 920.54 | |
| 922.65 | 15.10 | 1.66% | 12,06,945 | 88.36 | 22,061 | 78.40 | 887.68 | |
| 383.00 | 16.40 | 4.47% | 7,23,911 | 30.64 | 5,003 | 67.18 | 375.96 | |
| 39.23 | 1.43 | 3.78% | 27,73,464 | 20.63 | 2,150 | 53.79 | 38.67 | |
| 289.20 | 10.80 | 3.88% | 2,40,853 | 62.95 | 1,480 | 60.78 | 283.44 | |
| 187.34 | 10.18 | 5.75% | 2,40,203 | -49.56 | 1,426 | 59.39 | 180.45 | |
| 36.52 | 0.44 | 1.22% | 6,06,587 | 19.07 | 1,115 | 50.38 | 36.40 | |
| 323.85 | 10.40 | 3.32% | 4,48,159 | 22.63 | 1,012 | 43.49 | 322.93 | |
| 83.20 | 5.11 | 6.54% | 2,24,609 | 10.47 | 413 | 43.62 | 81.19 | |