BSE 500: Bullish Engulfing pattern was seen in these 7 stocks!
The markets have entered into a consolidation mode on Thursday with the focus on the Friday's major event – FED Summit (US).
On Thursday the Nifty opened in red however managed to close flat indicating lack of weakness. The overall market breadth was slightly positive and the broad market indices have closed on a positive note. Several stocks that are constituents of BSE 500 index managed to give a positive closing on Thursday, outperforming the markets.
Some of the outperforming BSE 500 stocks displayed a bullish engulfing pattern on Thursday. Bullish Engulfing pattern is respected by bulls as the buyers dominate the trade.
Following is the list of BSE 500 stocks that displayed a bullish engulfing pattern on Thursday:
- MCX
- Mahindra & Mahindra
- Godrej Properties
- Philips Carbon Black
- TVS Srichakra
- SRF
- Alkem Laboratories