This module deals with Candlestick analysis such as Candlestick , Engulfing pattern , Piercing pattern , Doji , Morning / Evening star, Hammer / Hanging man .

  • : Candlestick is used for determine the price movement and its tells about previous days Bearish body clearly.
  • : It is useful and effective tool for a weekly forecasting for the positional traders.
  • : Candlestick analysis can be used by a positional traders. Volume is very important for trade.
  • : The Engulfing pattern is a candlestick pattern .For bullish it should be cover the whole body of the previous day candlestick. Buy should be done above the bullish Engulfing and stop loss should be bottom of the bullish engulfing.
  • : The piercing pattern is also a candlestick pattern .It is also a trend reversal pattern similar to engulfing which should cover up more than 50% of previous days body and upper tail should be small in size.
  • : Doji means Neutral it is also a reversal pattern .Buy should be above the Doji tail and stop loss should be below the Doji .
  • : Morning / Evening star are Doji pattern it is a candlestick patterns. Morning star pattern is used as buy signal and Evening star is used as Sell signal.
  • : Hammer man is Bullish pattern and Hanging man is Bearish pattern candlestick pattern. Hammer should be green in colour for buy. Hanging should be in red colour for Sell.

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