ONGC

- Bearish engulfing

A bearish engulfing pattern is a two-candle technical chart formation that signals a potential reversal from an uptrend to a downtrend. It occurs when a small bullish (green/white) candle is followed by a much larger bearish (red/black) candle that completely "engulfs" or covers the real body of the first candle A break below 268 in

will confirm the bearish trend and upside exhaustion and we may see more selling pressure toward lower levels of 250 - 230