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Indian stock market · candlestick pattern
Bullish engulfing on Punjab National Bank
On Punjab National Bank the bullish engulfing showed up 33 times. The target came first 24% of the time, the stop 64%, and 12% went nowhere within 12 candles.
Counted on Punjab National Bank: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 14 | 21% | 50% | 29% |
| Hourly | 19 | 26% | 74% | 0% |
Punjab National Bank against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Punjab National Bank | 33 | 24% | 64% | 12% |
| All Indian stock market charts | 1,900 | 40% | 55% | 5% |
| Every market | 17,563 | 34% | 56% | 10% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2016 | 3 | 0% | 67% |
| 2025 | 11 | 36% | 64% |
| 2026 | 10 | 20% | 80% |
The last 8 times
- 8 Jul 2026, 10:15 IST · hourly · stop first after 3 candles
- 7 Jul 2026, 12:15 IST · hourly · stop first after 4 candles
- 29 Jun 2026, 13:15 IST · hourly · stop first after 7 candles
- 24 Jun 2026, 11:15 IST · hourly · target first after 5 candles
- 11 Jun 2026, 13:15 IST · hourly · stop first after 3 candles
- 2 Jun 2026, 12:15 IST · hourly · stop first after 4 candles
- 1 Jun 2026, 14:15 IST · hourly · stop first after 2 candles
- 30 Apr 2026, 11:15 IST · hourly · target first after 5 candles
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 Punjab National Bank
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · Gap up · 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 Punjab National Bank?
In 33 cases on Punjab National Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 24% of the time and the stop came first 64%; 12% went nowhere within 12 candles.
What is the bullish engulfing?
A green body swallows the red one before it. Buyers took control.