CANDLESTICK ANALYSIS

Candlestick analysis gives a detailed study of open and close price, high and low price, and the colourful representation makes us easy to read the up and down of the market.Short term traders can use candlestick analysis.
Engulfing: When there is a recent fall or rise in price, todays candle should cover the entire previous day candle. Increase in volume is expected during last two days.
Piercing : The candle should cover the previous days low.The candle should cover at-least 50% mark of previous candle. The upper tail should be small in size.
When DOJI is appearing in the bullish trend, it is called as Evening Star. We need to take a SHORT position.When DOJI is appearing in the bearish trend, it is called as Morning Star. We need to take a LONG position.