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The analysis method which uses Candle sticks charts to determine the price movements is said to be candle stick analysis. This method is the foremost method used by Japanese to trade rice long years ago.
- Suitable for short term applications like weekly traders.
- Helps in determining the short term trend.
candlestistick analysis is discovered in japan it is used to understand price pattern in a short time
The analysis which has strong recommendation about the price up and down movement within a shorter period is called Candle stick analysis.
Its evaluation patterns are :
Engulfing
Piercing
Doji
Hammer and Hanging man
Candle stick analysis is a type of price analysis where the price pattern o an stock is represented in candle form having body and tails(upper tail and lower tail)
Its evaluation Patterns:
1.Engulfing pattern
2.Piercing pattern
3. Doji
4.Hammer
5. Hanging man
In real time it can be used to predict the price movement of the stock price especially for for finding short period trend.
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