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Best Stock Tip
bullish engulfing candle

Bullish Engulfing Candle

The bullish engulfing candle signals reversal of a downtrend in the nifty. It indicates a rise in buying pressure when it appears at the bottom of a downtrend.

This bullish engulfing pattern reverses the ongoing bearish trend as more buyers enter the market and move the prices up further.

The pattern involves two candles, with the second green candle that is completely engulfing the body of the previous red candle.


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Important note: This article should not be construed as financial advice. Never invest more than you can afford to lose. We do not make any claims of making lot of money through day trading but our accuracy of our stock market recommendation's is very good.

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