On Friday (September 1, 2023), JSW Steel, NTPC, and MMTC formed a bullish engulfing pattern, which is a two-candlestick pattern indicating a potential bullish reversal. The bullish engulfing pattern is identified when the first candle has a red body followed by a candle with a long green body that engulfs the red candle’s body. This pattern suggests that the price of these stocks may trade higher in the future, particularly if they trade above the high of the two candles. The closing prices and stock price changes of these stocks were as follows: NTPC – Rs 230.7 (4.7% change), MMTC – Rs 43.75 (3.9% change), and JSW Steel – Rs 806.4 (3.4% change). Investors should keep an eye on these stocks as they show potential for a bullish trend.