Bullish Engulfing pattern

The chart of HDFC Bank Ltd (NSE) shows a strong bullish setup where the price has repeatedly taken support from an upward sloping trendline indicating sustained buying interest at higher lows. Recently, a bullish engulfing candlestick pattern formed exactly at this support zone, reinforcing the strength of buyers stepping in at critical levels. This combination of trendline support and bullish engulfing is a strong technical signal suggesting potential continuation of the uptrend. As long as the stock holds above the trendline, momentum remains positive, with the probability of higher targets toward recent swing highs and beyond, while a close below the trendline could negate the bullish bias.