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Indian stock market · candlestick pattern

Bearish engulfing on Adani Green Energy

On Adani Green Energy the bearish engulfing showed up 22 times. The target came first 45% of the time, the stop 45%, and 9% went nowhere within 12 candles.

Counted on Adani Green Energy: daily candles from June 2018 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily743%43%14%
Hourly1547%47%7%

Adani Green Energy against the rest

ChartsFoundTarget firstStop firstWent nowhere
Adani Green Energy2245%45%9%
All Indian stock market charts2,33635%59%5%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
2022560%20%
20251338%54%
2026367%33%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bearish engulfing is

A red body swallows the green one before it. Sellers took control.

Picture a small green fish, then a bigger red fish that swallows it whole. In a bearish engulfing pattern, the red candle's body is so big it covers the whole green body before it. After a rise, it shows sellers suddenly took over.

The full bearish engulfing lesson, video and quiz ›

Other patterns on Adani Green Energy

Inside bar · Stochastic bullish cross · Spinning top · Stochastic bearish cross · Doji · Volume profile rejection · MACD bullish cross · Gap up · EMA 9/21 bearish cross · MACD bearish cross · all of them

The bearish engulfing elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the bearish engulfing work on Adani Green Energy?

In 22 cases on Adani Green Energy, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 45%; 9% went nowhere within 12 candles.

What is the bearish engulfing?

A red body swallows the green one before it. Sellers took control.