BULLISH ENGULFING...!!!

TODAY WE ARE GOING TO DISCUSS ONE OF REVERSAL CANDLESTICK SIGNALS.

BULLISH ENGULFING 

IDEAL FORMATION OF THIS CANDLE IS BIG GREEN CANDLE PRECEDED BY RED CANDLE SMALLER THAN CURRENT GREEN CANDLE. THIS FORMATION GENERALLY HAPPENS DOWNTREND AND ACTS A REVERSAL. BELOW ARE SOME OF EXAMPLES OF IT. 

IN ALL 3 CHARTS POSTED ABOVE WE CAN SEE ONCE THIS CANDLESTICK FORMATION HAS TAKEN PLACE UNDERLYING STOCK/CURRENCY/COMMODITY HAS RALLIED SHARPLY.

PLEASE NOTE THIS SIGNAL OR INDICATION ALONE SHOULD NOT BE FOLLOWED FOR INITIATING ANY TRADE. 

STANDARD DISCLOSURE:-

PLEASE NOTE THIS POST IS FOR EDUCATION PURPOSE AND NOT TO BE CONSIDERED AS ANY TRADING OR INVESTMENT RELATED DECISION TAKING. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST. WHILE UTMOST CARE HAS BEEN TAKEN WHILE PUBLISHING BLOG IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

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