Candlestick Patterns

The candlesticks patterns are useful for shorter term trade. The general forecasting duration using candlestick analysis is about a week. The candlestick gives the detailed view of the stock price movement for a given period. Engulfing, Piercing, Doji, Morning & Evening star, Hammer & Hanging Man are considered as trend reversal candlesticks patterns. The candlesticks patterns gives the clarity regarding entry & exit price, stop loss & target.