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Indian stock market · candlestick pattern

Bullish engulfing on UltraTech Cement

On UltraTech Cement the bullish engulfing showed up 30 times. The target came first 40% of the time, the stop 57%, and 3% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily933%56%11%
Hourly2143%57%0%

UltraTech Cement against the rest

ChartsFoundTarget firstStop firstWent nowhere
UltraTech Cement3040%57%3%
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 UltraTech Cement

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · Volume profile rejection · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 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 UltraTech Cement?

In 30 cases on UltraTech Cement, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 57%; 3% went nowhere within 12 candles.

What is the bullish engulfing?

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