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Engulfing Candle

GUJARAT GAS LTDThis is no doubt a fundamentally good company trading at its low while its peers are trading a their higher levels. So it can be strongly assumed that this stock may perform in the upcoming time. Reasons for which GUJARAT GAS seems to be bullish on charts at least for short term: 1. Trend line support is been taken since the beginning of the month at Golden Ratio of the previous up trend. 2. A Bullish candlestick pattern has been formed. 3. The time cycle of 29 days (plotted as vertical dashed lines & rectangular boxes) indicates a reversal. 4. Risk Reward ratio is good. The target seems to be at 504-520 with a minor hurdle at 486. SL remains to be 451 on closing basis. CHART & ANALYSIS ADARSH KUMAR DEY
NSE:GUJGASLTDLong
by AdarshDey
1
Bearish Engulfing Pattern on GNFC The Bearish Engulfing pattern has emerged on the trading chart of NSE:GNFC GNFC, signaling a potential trend reversal in this scrip. Trading View users and investors tracking GNFC will find this pattern of particular interest, as it suggests a shift in market sentiment from bullish to bearish. The Bearish Engulfing pattern is a widely recognized technical analysis tool used to identify potential reversals in an uptrend. It consists of two candlesticks: a smaller bullish candlestick followed by a larger bearish candlestick that completely engulfs the previous candle. The pattern indicates a change in control from buyers to sellers, as the bears overwhelm the bulls, potentially leading to a downward price movement. In the case of GNFC, the Bearish Engulfing pattern has materialized, with the second bearish candlestick entirely covering the preceding bullish candlestick. This development implies that selling pressure has intensified, and investors should exercise caution. Traders and investors who use Trading View can leverage this information to make informed decisions regarding their positions in GNFC. By recognizing the Bearish Engulfing pattern, they may consider potential actions such as reducing or exiting long positions, implementing short positions, or employing risk management strategies to protect their portfolios. Additionally, users can take advantage of Trading View's comprehensive charting tools and technical indicators to validate the Bearish Engulfing pattern, further enhancing their understanding and confidence in the potential trend reversal. Remember, while the Bearish Engulfing pattern is a powerful tool, it should not be viewed in isolation. Combining it with other technical analysis tools and considering fundamental factors relevant to GNFC will provide a more comprehensive view of the scrip's future price action. Trading View users tracking GNFC should monitor subsequent price movements closely to confirm the validity of the pattern and to stay updated on any emerging trends or signals that may impact their trading decisions. Please note that this description is based on historical data, and it's essential to conduct thorough research and analysis before making any investment decisions. Credit for indicator : Pro trading art Thankyou WOLFS !
NSE:GNFCShort
by Abhishekkumarkamat
1D DELTACORP (DELTA CORP LTD) - Short Position1. Bearish Engulfing Candles formed at Support and Resistance Zone. 2. 61.8% Fibonacci Retracement is another confirmation on that S/R level. 3. EMA 365 is off on the Bearish Engulfing Pattern. 4. Entry should be carefully placed at mentioned area because strong S/R level is there but it will definitely break those level and reached it to another S/R zone. 5. Take Profit and Stop Loss level which is clearly mentioned in the chart window. Check that there. Thanks by Pupathi Sadagopan
NSE:DELTACORPShort
by Pupathi
HDFCLife - Bullish Engulfing - Weekly OverviewNSE:HDFCLIFE is looking good for a small upside move with last week's candle coming as bullish engulfing candle. With a stop of Friday's candle low, one can look for 510, 518, 525 levels. We will revisit this trade if the weekly close comes above 528 Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:HDFCLIFELong
by nerdywasabi
Bearish EngulfingA bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle). Script = HDFC Bank Time Frame = 1 Day
NSE:HDFCBANKShort
by Jainshashwat
Bullish Engulfing PatternA bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks. Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks. Script = HeroMotocorp Time Frame = 1 Day
NSE:HEROMOTOCOLong
by Jainshashwat
Trent Weekly Bearish Engulfing - Short CandidateNSE:TRENT is looking weak on weekly chart as it has made a bearish engulfing candle. Also closing below 20 EMA on weekly. Looking for 1279 ( 50 EMA weekly support ). If a close comes below this, we can 1256 & 1231 on downside. SL is relatively small of 1345 which is Friday's high. Better to short this in cash and not play in options cos one spike can take away your SL in option trade or a slow move might decay the option premium. Expecting this to move slowly on downside Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:TRENTShort
by nerdywasabi
SBI Life - Bullish Engulfing - Long CandidateNSE:SBILIFE closed last week with bullish engulfing candle. If the price starts to travel and close above 1127, I would look for positional target of 1168 with small resistances in between placed at 1133, 1145. SL can be low of Fridays candle 1088 Is it a co-incidence that both HDFCLife and SBILife made bullish engulfing candles last week? May be some of the insurance sector stocks can show an up-move. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:SBILIFELong
by nerdywasabi
Nifty Quarterly Outlook - Will It Form Bearish Engulfing???NSE:NIFTY is looking weak on quarterly charts as its making bearish engulfing candle. I am going to look out for March 31st expiry and a close below these levels ( 17021 in Future and 17102 in spot ) will confirm the bearish engulfing close. If this happens, expect next 3 months also to be of sideways action with more consolidation and open to downside. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:NIFTY
by nerdywasabi
Bullish Engulfing Pattern A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks. Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks. Script = Cipla Time Frame = 15 min
NSE:CIPLALong
by Jainshashwat