Candle Stick Analysis

The candle stick chart provides more data to the traders in a simple format. By viewing a single candle we are able to get the data of opening, closing value, high and low. These data are very crucial in the analysis process. There are many candle stick patterns such as engulfing pattern, piercing pattern, doji, morning/evening star, hammer and hangman etc,. Depending upon the characteristics of the pattern, a trader can take the appropriate action to get benefited from the market trend.