a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. Candlestick analysis can be used for weekly forecasting, 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.