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Engulfing Candle

CANDLE PATTERN 2 - BEARISH ENGULFINGPattern name: Bearish Engulfing Pattern Type : Bearish Reversal No. of Candles : 02 How to Identify it ? 1)There must be a preceding Uptrend. 2)A short Green candle followed by a long Red candle. 3)The Red candle should opens higher & closes lower than the Green candle. 4)The Green candle should be completely engulfed by the Red candle. Psychology behind it : 1)The Bulls lose momentum & the Bears take charge and managed to close below the Green candle. 2)It implies the bears have fully override the bulls. How to trade it ? 1)Look for the Bearish Engulfing at the Top of the Uptrend. 2)Upon confirmation, open a Short position in the 3rd Candle. 3)Place a Stoploss above the high of the Red candle.
HEducation
by Divyaapugal
7
Expecting a Bullish Momentum in KIRLFERAs per the 2 Hour Chart of KIRLFER, we have witnessed a formation of a bullish engulfing pattern on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 216.20, 221.95, and 227.90. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 205, on closing basis. Closing Price (as on 19.05.22) : 210 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
KLong
by alokdaiya
Expecting a Bullish Momentum in SAKSOFTAs per the 2 Hour Chart of SAKSOFT, we have witnessed a Formation of a “Bullish Engulfing” Pattern on the downside levels of the stock. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 753.60, 777.50, and 814. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 719, on closing basis. Closing Price (as on 10.05.22) : 740 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:SAKSOFTLong
by alokdaiya
MOST RELIABLE CANDLESTICK PATTERN Pattern name: Bullish Engulfing Pattern Type : Bullish Reversal No. of Candles : 02 How to Identify it ? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long Green candle. 3)The Green candle should opens lower & closes higher than the Red candle. 4)The Red candle should be completely engulfed by the Green candle. Psychology behind it : 1)The Bears lose momentum & the Bulls take charge and managed to close above the red candle. 2)It implies the bulls have fully override the bears. How to trade it ? 1)Look for the Bullish Engulfing at the bottom of the Downtrend. 2)Upon confirmation, open a Long position in the 3rd Candle. 3)Place a Stoploss below the low of the Green candle. Happy Trading :) -Divyaa Pugal
HEducation
by Divyaapugal
35
Trend Reversal ?HDFC AMC is showing signs of trend reveral on weekly timeframe. Since 2019, it is taking support and had created a support zone of 1970-2080. This may be the right time to enter for long term, but I'm not interested in it yet. Till now company fundamentally good. But my concern is that it has hammered multiple time to support zone. So my eyes are on upcoming financial results, if results are good then it will be ok for me. It is looks good for short term swing trade. It has also formed a bullish engulfing at support and the last week's volume looks good. So there is a chance that it may turn around from here slowly and steadily and approach its resistance zone. This post is form information purpose only.
NSE:HDFCAMCLong
by AkshayAdak
Expecting a Bullish Momentum in RUPAAs per the 2 Hour Chart of RUPA, we have witnessed the Formations of a “Bullish Engulfing” and a “Morning Star” Pattern on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 496.10, 505.80, and 516.30. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 481.15, on closing basis. Closing Price (as on 27.04.22) : 486.95 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:RUPALong
by alokdaiya
Expecting a Bullish Momentum in GAILAs per the 2 Hour Chart of GAIL, we have witnessed a Formation of a “Bullish Engulfing” Pattern on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 160.10, 162.45, and 164.65. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 156, on closing basis. Closing Price (as on 25.04.22) : 158.90 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:GAILLong
by alokdaiya
1
Trend Change ?This is Monthly Timeframe. Finally ITC is showing some strength, sell-off started in July 2017 and it fell more than 60% from it's all time high and made a bottom in March 2020. And after that it started a retracement, but the retracement have crossed the 0.50 fibo level, and now approaching the 0.60 fibo level, that means it not a retracement anymore. It may be a trend change. Last month it have formed a thick bullish engulfing candle with good volume. It is showing strength in this month too. There is now high probability that it may test 0.60 level, retrace, and then break it. And that will be a confirmation of a trend reversal. This post is for information purpose only.
NSE:ITCLong
by AkshayAdak
Paytm?? What to do buy sell hold ?? New positions ??I would advise my audience to buy Paytm at this price for a short term. NOTE- I WOULD NOT BE RESPONSIBLE FOR YOUR LOSS OR GAIN!.. JUST A ANALYSIS PRESENTED IN FRONT OF YOU..PLEASE CONSULT YOUR FINANCIAL ADVISOR AND THEN INVEST ACCORDINGLY ELSE ANALYSE BY YOURSELF AND TAKE YOUR ACTIONS ACCORDINGLY. Short term targets- 804(In a few days maybe next week) Second target - 904(can take a while) Last target - 1000 (probably) -Thank you- Aditya Sharma Age - 15
NSE:PAYTMLong
by nsqJOH
1
ALKEM - Retest & Reversal + Bullish Engulfing @Crucial level The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:ALKEMLong
by TradewithAditya
Expecting a Bullish Move in CADILAHCAs per the 2 Hour Chart of CADILAHC, we have witnessed the Formation of a “Bullish Engulfing” on the downside. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 393.10, 398.55, and 404.30. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 380.25, on closing basis. Closing Price (as on 27.01.22) : 385.10 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
CLong
by alokdaiya