What is Engulfing pattern? What are its conditions to qualify? When to buy and Sell?

[kanakaraj]

The latest bullish body should cover the previous days bearish body. Slight increase in trading volume is expected in any last two days.

We should sell it when below the lowest point of today and buy it when the highest point of today.

[KRISHNA KUMAR MS]

After a upward or downward trend, if a Bullish/Bearish body covers the previous body fully then it is called as Engulfing Pattern.

Conditions:

Trend should be formed for 2 or three days and volume should be more on the Engulfing day.

Bullish engulfing:

Buy when the green body cover red and exit  when the point reaches the stop loss point(lower tail of green body). target should be minimum same as stop loss or more.

Bearish engulfing:

Sell when the red body covers the green body and exit at the stop loss point(end point of red body ). target should be minimum same as stop loss or more.

[Ravishankar]

Engulfing pattern is one of candlestick analysis method.

The latest Green body should cover entire previous day Red body

Trading volume might increase during engulfing day but not necessary

The bullish engulfing appear after a price fall

Buy: Above the upper tail of current stick

Stop loss: At lower tails of current stick

[logawin]

Engulfing Pattern :

Bullish => After Price fall,Green body cover the entire previous day body., Volume Increasing is Expected.,

Buy: When Price goes above the Previous High.,

Bearish => After Increase in Price, The Red body cover the entire previous day body., volume increasing is expected.,

Sell : When Price goes below the Previous Low…!

[sreevalli]

Candlestick that completely eclipse or engulf the previous day candlestick.  The tail of the candlestick is short so it covers the previous day easily 50%.

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