Candlestick is Japanese way of identifying demand and supply. It is a simple & powerful analytical method. The daily candlestick contains the market’s open, high, low and close of a specific day and the colorful representation makes us easy to read and understand. It has different color for bullish and bearish. It is useful for the short term trader time for a day to weeks. Engulfing, Piercing, DOJI, Morning & Evening Star, Hammer and Hanging man are different patterns available in candlestick analysis.