candlestick analysis deals with the Price movements and Demand & Supply. It will help us to make a stand on Long and Short position based on the current market.we mostly used for weekly traders. as it give conclusion based on short term trend
the different type of important candle pattern:-

      1)engulfing pattern
      2)piercing pattern
      3)DOJI
      4)morning and evening star
       5)hammer / hanging man
  • : candlestick analysis deals with the Price movements and Demand & Supply. It will help us to make a stand on Long and Short position based on the current market.we mostly used for weekly traders. as it give conclusion based on short term trend
  • : we can forecast for short term like a weekly trade
  • : mostly weekly trading . Volume plays an important role as well. Most of the candlestick patterns would be verified if there's a significant volume
  • : Engulfing pattern tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle ‘engulfing’ the entire body of the candle before it. The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend.
  • : Piercing Pattern is a reversal candlestick pattern which is bullish in nature and appears at the end of a down trend. It is a complex pattern made of two candle lines. The first candle is bearish in nature and the second is bullish in nature. It has its name because the prices pierces up through the falling market. Conditions to qualify piercing pattern:- The body should cover the previous day's low, Today's body should cover at least 50% mark of previous body, The Upper tail should be small in size. we can create a long position if the body covers more than 50% of previous days bearish candle, provided a significant volume is noticed during the formation of piercing pattern.
  • : A Doji is used to illustrate market indecision and serves as a signal for a reversal in a market that is either upward or downward trending DOJI is the indication of reversal trend and can be used for creating long/short position based on whether it is bullish or bearish.
  • : Morning star is a bullish pattern which occurs at the bottom end of the trend. The idea is to go long on with the lowest low pattern being the stop loss for the trade. The evening star is a bearish pattern, which occurs at the top end of an uptrend
  • : Any stock that moves in a particular direction has to halt and change direction at one stage, the hammer and hanging man helps in identifying the reversal movement of the stock which gives a clear buy or sell signal upon the reversal trend, thus making it a popular indicator.
1 Comment
  1. Naresh 5 months ago

    Hi,
    Nice work! we really appreciate your efforts.

Leave a reply

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2022 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

Log in with your credentials

Forgot your details?