Candlesticks analysis

Candlestick pattern is the pattern which is founf by the japanese and is a very helpful tool in understand the forces of demand and supply .
It is for a short period and it helps the stock market participants in understanding the weekly forecasting of demand and supply .
Engulfing pattern is a reversal trend the bullish emglufing pattern arises after the dall in the prices and the bullish body should cover the previous days bearish body and it happens after the fall in price and the volume must be hogh
The bearish engulfing pattern arises after the rise in lrices and the bearish body mst cover the previous days bullish body and the volume must be high.
The piercing pattern is the pattern in which there is a trend reversal
The bullish piercing pattern is the pattern in which it happend aftrrthere is a fall in the price at below of the downtrend.
The bullish body should cover atleast the 50%of the previous days bearish body.
The upper tail must not be long
The long position can be created when the bullish body covers atleast the 50% of the previous days bearish body.
The DOJI pattern is a pattern which is neutral and it occurs rarely and it is very powerful.
The bullish pattern arises after the fall in price at the end of the downtrend .
The long position can be created when the prices above the point A and the stop loss is at B or below the point B and the margin is at
A-B and it is called as a morning star.
The short position can be created when after the tise in price at the top of yhe uptrend.
Short position can be created when the price goes below the point A and the stop loss is at point B or above the point B and this is called as evening star.
Hammer and haning patterns are pattern which occur rarely but are very powerful.
Hammer is formed when there is a significant fall in price and the tail must be stleast 2 times the body and the body must be in green colour.
The long position can ne created if the price increases above the point A andthe target or the stop loss is at the point B or below the point B and the margin is A-B
Hanging position is the position in which it forms after the rise in price and the tail must be atleast the two times of the body and the body must be red in colour.
The short position can be created when the price falls below the point A and the target or the stop loss is at point B or above the poin B.