Engulfing patterns can be bearish or bullish depending on the previous price action and depending on where they appear with recent trend lines and support/resistance levels. For example ...

Named by the Japanese after a solar eclipse, the Bearish Engulfing Pattern may occur after a continued uprise in the market and maybe an indication of the bullish market turning bearish.

Nifty Forms Bullish Engulfing Pattern, Signaling Potential Bull Run| Closing Trades | Business News#etnow #closingtrades #nifty #niftyit #niftymetals #fmcgstocks #bankstocks #markettomorrow # ...

From a day's low of 21,530.20, Nifty on Wednesday witnessed a smart recovery, which resulted in a large bullish candle on the daily chart that engulfed real bodies of the last few sessions, thus ...