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Tagged: Engulfing pattern
The latest bullish body should cover the previous days bearish body. Slight increase in trading volume is expected in any last two days.
We should sell it when below the lowest point of today and buy it when the highest point of today
Engulfing pattern comes in candlestick pattern in technical analysis which formed by Japanese, later adapted by western.
Bullish engulf:
Recent price is witnessed with the bullish body covers the bearish body of the previous.
It engulf the previous, when it crosses the previous day bearish trend, it time to buy.
slight volume is expected during last two days.
When the body falls below the previous day , then it is time to sell or create short position.
ENGULFING PATTERN is formed in candle stick analysis.,where the recently formed candle stick fully covers the previous candle stick.,and also the volume should be high during this candlestick.,when it is a bullish engulfing we can buy and sell during bearish engulfing.,
Engulfing is the reversal pattern
The latest bullish body cover the previous bearish body
we will sell below the lowest point of today and buy it when the highest point of today..
Engulfing pattern is the candlestick pattern. There will be stop loss when there is bearish engulfing pattern, when the price crosses there is bullish pattern.
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