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Markets › Nifty 50 › Bullish engulfing

Indian stock market · candlestick pattern

Bullish engulfing on Nifty 50

On Nifty 50 the bullish engulfing showed up 32 times. The target came first 50% of the time, the stop 50%, and 0% went nowhere within 12 candles.

Counted on Nifty 50: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily20%100%0%
Hourly3053%47%0%

Nifty 50 against the rest

ChartsFoundTarget firstStop firstWent nowhere
Nifty 503250%50%0%
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 Nifty 50

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Gap up · Spinning top · Doji · Gap down · MACD bearish cross · MACD bullish cross · RSI overbought drop · all of them

The bullish engulfing elsewhere

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

Questions

How often does the bullish engulfing work on Nifty 50?

In 32 cases on Nifty 50, the target (1.5 × ATR) came before the stop (1 × ATR) 50% of the time and the stop came first 50%; 0% went nowhere within 12 candles.

What is the bullish engulfing?

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