Bullish Engulfing is a Reversal pattern and is hence very effective when spotted after a good decline in price. In this the Bullish Engulfing candlestick body completely covers or engulfs the previous Bearish candlestick. Can be traded as Bullish above the high of Engulfing candlestick.
Bullish Engulfing – BEL
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Stock Analysis
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Bullish View
Bearish View
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