*Candlesticks is a Japanese way of identifying demand & supply.
*It gives information on opening and closing price of stock and also high & low price.It represents with colours, where green bar indicates bullish body and red bar indicates bearish body.
*It’s real time application is for short term traders(weekly traders)
.*Volume in candlestick analysis is important in case of trend reversal period.
*Engulfing pattern is reliable and appears frequently.It is reversal candlestick pattern.
* Bullish Conditions*
*Observe recent fall in price.
*Green body(bullish) should cover previous bear body with significant volume.
*We can create long position, when price reaches above previous high.
* Bearish Conditions*
*Observe recent increase in price.
*Green body(bullish) should cover previous bear body with significant volume.
*Create short position, when price reaches below previous low.
*Piercing pattern is a reversal candlestick pattern.
*Bullish conditions-*Recent fall in price.
*The current body should cover at least 50% of previous body with significant volume.
*The body should cover the previous day low.
*Upper tail should be small.
*When price crosses previous high, create a long position.
*Bearish conditions-*Recent increase in price.
*The current body should cover at least 50% of previous body with significant volume.
*Lower tail should be small.
*When price goes below previous low ,create short position.*DOJI is indication of reversal trend.
*DOJI means neutral.DOJI will be in star shape where opening and closing price is almost equal..
*Morning star appears after a dark night but gives bright day(bullish trend).
*create a long position when price crosses highest price of previous day.
*Evening star appears after a bright day but gives dark night(bearish trend).
*create a short position when price goes below previous low.
Hammer and hanging man patterns appear rarely but powerful.
*Helps in identification of reversal trend movement, thus making it as popular.
*Hammer conditions-*Recent fall in price.
*The lower tail should two times of its body size and upper tail should be very minute(invisible).
*Should be green in colour.

  • : *Candlesticks is a Japanese way of identifying demand & supply. *It gives information on opening and closing price of stock and also high & low price.It represents with colours, where green bar indicates bullish body and red bar indicates bearish body. *It's real time application is for short term traders(weekly traders).
  • : *Candlestick analysis is effective for weekly forecasting.
  • : *Short term traders(weekly traders) should use candle stick analysis. *Volume in candlestick analysis is important in case of trend reversal period.
  • : *Engulfing pattern is reliable and appears frequently.It is reversal candlestick pattern. * Bullish Conditions* *Observe recent fall in price. *Green body(bullish) should cover previous bear body with significant volume. *We can create long position, when price reaches above previous high. * Bearish Conditions* *Observe recent increase in price. *Green body(bullish) should cover previous bear body with significant volume. *Create short position, when price reaches below previous low.
  • : *Piercing pattern is a reversal candlestick pattern. *Bullish conditions-*Recent fall in price. *The current body should cover at least 50% of previous body with significant volume. *The body should cover the previous day low. *Upper tail should be small. *When price crosses previous high, create a long position. *Bearish conditions-*Recent increase in price. *The current body should cover at least 50% of previous body with significant volume. *Lower tail should be small. *When price goes below previous low ,create short position.
  • : *DOJI is indication of reversal trend. *DOJI means neutral.DOJI will be in star shape where opening and closing price is almost equal. *When you witness price reaches previous high create long position. *When you witness price reaches previous low create short position.
  • : *Morning star appears after a dark night but gives bright day(bullish trend). *create a long position when price crosses highest price of previous day. *Evening star appears after a bright day but gives dark night(bearish trend). *create a short position when price goes below previous low.
  • : *Hammer and hanging man patterns appear rarely but powerful. *Helps in identification of reversal trend movement, thus making it as popular. *Hammer conditions-*Recent fall in price. *The lower tail should be two times of its body size and upper tail should be very minute(invisible). *Should be green in colour. *Create a long position, when it crosses the upper tail of hammer *Hanging man conditions* *Recent increase in price. *The upper tail should be two times of its body size and lower tail should be very minute(invisible). *Create a short position when it crosses lower tail of hanging man.
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