Candlestick analysis was first introduced by Japan.Candlesticks are generally used to forecast within a week.Candlesticks are used by weekly traders.Engulfing pattern is a reversal candlestick pattern.It can be divided into,
1)Bullish Engulfing
2)Bearish Engulfing
Piercing pattern should cover at least 50% of previous red body so as to be called as such.
DOJI means neutral.It is characterized by its small length
Hanging man is a bullish reversal candlestick pattern.Hammer is a bullish reversal candlestick pattern.

  • : Candlestick analysis was first introduced by Japan for identifying demand and supply.Compared to other charts candlesticks provide us more information The wick that is present on the upper and bottom of the body reflects the highest and lowest traded prices of a security during the time interval.The body reflects the opening and closing trades.
  • : Candlesticks are generally used to forecast within a week.
  • : Candlesticks are used by weekly traders.we can confirm the movement only if there has been a huge volume.
  • : Engulfing pattern is a reversal candlestick pattern. It can be divided into, 1)Bullish Engulfing 2)Bearish Engulfing Bullish engulfing : The green body of the engulfing pattern should cover the entire previous day red body. The bullish engulfing should appear after a price fall.There should be significant volume Bearish engulfing : The bullish body should cover the previous days bear body. Uptrend should be seen. Buy :When the price goes above the previous high. Sell:When the price goes below the previous low .
  • : Piercing pattern should cover at least 50% of previous red body so as to be called as such.Pattern is of two types,Bearish piercing and Bullish piercing. Conditions : *The body should cover the previous Day’s low. *Upper tail of the wick should be small *Volume should be high.
  • : DOJI means neutral.It is characterized by its small length Doji is a trend reversal indicator. Long/short position can be made depending upon whether it is bullish or bearish.
  • : The Morning Star candlestick pattern is a reversal pattern in technical analysis.A Morning Star is the last candle of darkness and indicates that dawn may be just around the corner (rise in prices). Evening Star candle pattern is the same in form as the Morning Star pattern except that they happen at the top of price swings. It occurs at the end of daylight (a move up) and before dark (falling prices). Buy :Long position can be created when the price goes above the highest price of star Sell :Short position can be created when the price goes below the lowest of the star
  • : Hanging man is a bullish reversal candlestick pattern.It should have a longer lower wick and an rise in volume for the time period. Hammer is a bullish reversal candlestick pattern.It It should have a longer lower wick and a short body with no upper tail. Buy : When the price goes above previous day’s highest point. Sell :When the price goes below previous day’s lowest Point.
1 Comment
  1. vignesh 3 years ago

    your answers are well framed and appropriate.

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