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Indian stock market · candlestick pattern

Bullish engulfing on IRFC

On IRFC the bullish engulfing showed up 32 times. The target came first 47% of the time, the stop 50%, and 3% went nowhere within 12 candles.

Counted on IRFC: daily candles from January 2021 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily580%20%0%
Hourly2741%56%4%

IRFC against the rest

ChartsFoundTarget firstStop firstWent nowhere
IRFC3247%50%3%
All Indian stock market charts1,90040%55%5%
Every market17,56334%56%10%

Year by year

YearFoundTarget firstStop first
2024333%67%
20251741%53%
2026944%56%

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 IRFC

Inside bar · Stochastic bullish cross · Spinning top · Stochastic bearish cross · Doji · MACD bullish cross · Volume profile rejection · RSI oversold bounce · Gap up · MACD bearish 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 IRFC?

In 32 cases on IRFC, the target (1.5 × ATR) came before the stop (1 × ATR) 47% of the time and the stop came first 50%; 3% went nowhere within 12 candles.

What is the bullish engulfing?

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