Bearish Engulfing pattern: Bandhan Bank among 9 stocks that may see bearish reversal
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Bearish Reversal
Bearish reversal scan on the candlestick screener can help in ascertaining stocks where stocks show a tendency of shifting to downtrend from an upward zone. So, here are stocks with m-cap over Rs over Rs 1,000 crore that have established bearish engulfing patterns and signify bearish reversal. (Source: StockEdge)
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What is a Bearish Engulfing pattern?
It is a 2-day pattern with a green candle and followed by a short candle within the green candle’s range in an uptrend. This pattern suggests an upcoming change in the current bullish trend.
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Supreme Petrochem
LTP as on July 3: Rs 432.7 | % change in stock price: -2.7%
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Bandhan Bank
LTP as on July 3: Rs 235.45 | % change in stock price: -2.7%
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Uniphos Enterprises
LTP as on July 3: Rs 159.5 | % change in stock price: -2.8%
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ISGEC Heavy Engineering
LTP as on July 3: Rs 673.6 | % change in stock price: -2.9%
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LG Balakrishnan and Bros
LTP as on July 3: Rs 1108.7 | % change in stock price: -3%
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Persistent Systems
LTP as on July 3: Rs 4861.75| % change in stock price: -3%
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Share India Securities
LTP as on July 3: Rs 1260.15| % change in stock price: -3.6%
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Parag Milk Foods
LTP as on July 3: Rs 138.8| % change in stock price: -5.6%
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Abans Holdings
LTP as on July 3: Rs 272.9| % change in stock price: -14.3%