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  • Candlestick analysis provides short term trend analysis and studies in detail based on the daily candlesticks patterns and analyse a small portion, hence this can be used for weekly trading. A candlestick analysis is a technical analysis used to determine the price movement of the stocks/securities.

  • Candlestick analysis can be used for weekly forecasting, i.e buying and selling within the week time. Candlestick analysis is very effective for a weekly forecasting and it is very useful tool for the positional traders. Forecasting can be done for 4-5 days using the candlestick pattern.

  • Weekly trader can use the candle stick analysis and the significant volume change plays a role in candlestick analysis, since there are reversal patterns. Candle stick analysis can be used by a position trader.

  • Condition to quality Bearish engulfing: Increase in price trend observed for past few days & Latest Red body is covering the previous day green body with significant trading volume. ... When to Buy: Create long position when the price goes above latest green body's highest price.

  • Condition to qualify bearish piercing: Increase in price trend observed for past few days. Latest Red body starts above the highest of previous day and covers more than 50% of previous day's body with significant volume. The lower tail is small in size. ... Buying should happen at target or at stoploss(Price goes above.

  • A doji candlestick forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts. In Japanese, "doji" means blunder or mistake, referring to the rarity of having the open and close price be exactly the same.

  • Evening Star candlesticks chart formation occurs at the top of uptrends and is ... Opposite is the Morning Star candlestick pattern.
    buy the demand and sell the supply.

  • A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend and can act as a warning of a potential reversal downward. The Hanging Man formation, similar to the Hammer, is formed when the open, high, and close are such that the real body is small.

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