Candlestick analysis gives us a detailed study of the open and close price also the high and low price and the colorful representation makes us easy to read and understand. It is very effective as a daily basis and also more effective in weekly basis. Evaluation using candlestick is more effective to predict for a short term like a weeks time.There are many candlestick patterns like bullish/bearish engulfing, bullish/bearish piercing, doji, morning/evening star ,hammer/hanging man