Candlestick analysis is a pattern using candlestick which is relevance to short term trading. The latest bullish /bear body covers the previous days bear/bullish body is Engulfing. Temporary pause occurence after a significant rise / fall is Doji.
Hammer lower tail should be minimum two times of its body size. Hammer should be green in colour.
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
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FEDERAL BANK – BEARISH ENGULFING October 17, 2019
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Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
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Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
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Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Hi,
Morning star & Evening star is nothing but to identify the trend reversal from bullish to bearish or bearish to bullish with confirmation of high volume.
The long trade setup for a morning star would be the following condition
Morning star is a bullish pattern which occurs at the bottom end of the trend. The idea is to go long above the doji’s high with the lowest low of the pattern being the stop loss for the trade.