Candlestick analysis is a kind of technical analysis that helps to understand and thus forecast the movement of share prices in relation to demand and supply of the shares.
Candlesticks are good for determining the entry point of a trade and for positional trading.
The Candlestick patterns we studied are:
1. Engulfing (Bullish and Bearish) pattern
2. Piercing (Bullish and Bearish)pattern
3. Doji (neutral)
4. Hammer and Hanging Man