This is for weekly traders. Ensure there is a recent price fall. Volume should be high except for engulfing pattern. Buying should happen at above the previous day’s high and exit should be at previous day’s low. For engulfing and piercing pattern: Target = previous day’s high+risk taken. For DOJI and hammer / hanging man: Target = previous day’s high+2*risk taken.
Candlestick Analysis – For weekly traders
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Stock Analysis
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