Trading Class

Markets › HCLTech › Bullish engulfing

Indian stock market · candlestick pattern

Bullish engulfing on HCLTech

On HCLTech the bullish engulfing showed up 21 times. The target came first 48% of the time, the stop 43%, and 10% went nowhere within 12 candles.

Counted on HCLTech: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily540%40%20%
Hourly1650%44%6%

HCLTech against the rest

ChartsFoundTarget firstStop firstWent nowhere
HCLTech2148%43%10%
All Indian stock market charts1,90040%55%5%
Every market17,56334%56%10%

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 bullish engulfing is

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

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

The full bullish engulfing lesson, video and quiz ›

Other patterns on HCLTech

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

The bullish engulfing elsewhere

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

Questions

How often does the bullish engulfing work on HCLTech?

In 21 cases on HCLTech, the target (1.5 × ATR) came before the stop (1 × ATR) 48% of the time and the stop came first 43%; 10% went nowhere within 12 candles.

What is the bullish engulfing?

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