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Candle stick analysis is a type of price analysis where the stock prices are represented in form of a candle having body and tails indicating open , close , high and low prices of the day.
Patterns:- Engulfing pattern
- Piercing pattern
- Doji
- Hammer and Hanging man
In real time it can be used to predict the price movement of the stock price especially for finding short period trend and hence useful for intraday and weekly traders.
Dear Sir,
Candles stick are generally powerful on daily charts as the day close carries overnight risk as well…
Although candlestick are used by some analyst for intraday analysis, i recommend this can be used only on daily charts.
Hence this can be used for short term, probably for weekly trader
Japanese Way of Understanding Demand And Supply
Use Candlesticks Pattern for Trading on a Weekly Basis.
Day Candle is Recommended FoR Analysis.
Its About Study of Short Term Trend.The Candle stick graphic representation is better as compared to line and Bar. Hence its widely used by the analyst. It clearly represents Open, Close, High, Low and gaps. The chart we normally follow daily charts. It gives view for upcoming week trend.
Engulfing pattern
Piercing pattern
Doji
Hammer
Hanging man
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