Bullish Engulfing Pattern Candle Stick Explained with Chart | Blog Brings Profit For You
  • Recover Lost Money Plan

    A number of traders have lost their money in the market due to wrong trading advice or wrong decisions and emotions. We keep on getting a number of requests for helping these traders recover their lost money. Thus, this was the genesis of Recover Lost Money Plan. We are proud to say that till date we have helped 1290 people recover their lost money. Recover Lost Money in Market

  • Our Most Successful Intraday Tip

    Jackpot tip, as the name suggests has the potential to make you a Millionaire as it is not the number of tips one trades; but it is the accuracy of a single tip which has the potential to make you a Millionaire. This tip is a value for money for all i.e whether one can see the trading terminal or not or is dealing through a broker on phone at BSE, NSE or in Future and Options segment.
    Click on Jackpot Sure Shot Tip to know more...

Subscribe to this blog

Subscribe to full feed RSS
What is Daily Market State???
Enter your Email

Preview | Powered by FeedBlitz

Bullish Engulfing Pattern Candle Stick Explained with Chart

Posted By On 7/11/2009 01:49:00 PM Under ,

Bullish Engulfing Pattern Candle Stick is a chart pattern where one sees a small black candlestick on previous day and subsequent day a large white candlestick is formed which is eclipsing or engulfing the previous day's candlestick.

The point to note is that the shadows or tails of the small candlestick are short, and as a net result the body of the large candlestick is able to cover the entire candlestick from the previous day.

The significance of this chart is that stock or index has been trending downward in the short and intermediate terms and have formed a bullish engulfing pattern and thus the probability of an upward reversal in prices has increased.

Click Here to Get Free Tips in Email to Make you a Professional Trader

One can see Bullish Engulfing Pattern Chart for an Indian Stock to understand the price fluctuations.

Most Read Content