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Candlestick Patterns

Bearish Engulfing
30 Jun 12:56

 

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
Balaxi Pharma 381.80 381.80 352.55 360.00 -4.75 379.95 364.95
Megasoft 38.95 38.95 37.00 37.40 -2.35 38.70 37.45
Gufic Bio 228.95 228.95 221.55 222.95 -2.13 228.80 223.10
Vesuvius India 1,053.55 1,055.00 1,019.00 1,024.00 -1.96 1,052.85 1,035.80
Action Const 214.90 216.15 208.45 209.15 -1.58 214.50 210.50
IP IT ETF 294.48 294.48 285.83 287.20 -1.12 292.15 289.00
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