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Indian stock market · candlestick pattern

Bearish engulfing on Hindalco

On Hindalco the bearish engulfing showed up 35 times. The target came first 26% of the time, the stop 71%, and 3% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1540%60%0%
Hourly2015%80%5%

Hindalco against the rest

ChartsFoundTarget firstStop firstWent nowhere
Hindalco3526%71%3%
All Indian stock market charts2,33635%59%5%
Every market19,16535%58%8%

Year by year

YearFoundTarget firstStop first
2016540%60%
2018367%33%
20251315%77%
2026911%89%

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 Hindalco

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

The bearish 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 bearish engulfing work on Hindalco?

In 35 cases on Hindalco, the target (1.5 × ATR) came before the stop (1 × ATR) 26% of the time and the stop came first 71%; 3% went nowhere within 12 candles.

What is the bearish engulfing?

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