Bullish engulfing pattern – Prior downtrend was seen, Bullish body covered the previous day bearish body.
Big bullish body signifies more bullish trend.
Higher volume on 2nd day.
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Bullish View
Bearish View
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
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Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
It would be great if we get negative trend prior to bullish engulfing. Otherwise it is fine..