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Candlestick Patterns

Bearish Engulfing
02 Sep 15:19

 

The Bearish Engulfing Pattern consists of two candlesticks; the first is white and the second black. The black body must totally engulf the body of the first white candlestick. After an advance, the second black candlestick begins to form when residual buying pressure causes the security to open above the previous close. However, sellers step in after this opening gap up and begin to drive prices down. By the end of the session, selling becomes so intense that prices move below the previous open. The resulting candlestick engulfs the previous day's body and creates a potential short-term reversal.

Company Name Open High Low Last Chg % Previous
High Low
Hind Nat Glass 148.50 148.50 139.00 139.00 -5.25 147.00 140.00
ARSS Infra 48.70 48.70 45.90 46.10 -4.26 48.15 46.25
Technofab Engg 132.45 132.45 125.50 125.55 -2.26 129.00 126.00
TIL 385.00 385.00 366.10 368.50 -2.24 380.00 373.40
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