Who should use candle stick analysis? What is the role of volume in candlestick analysis?

[Lakshmisudha R]

Short term traders who wants to buy or sell shares within a week should use candle stick analysis

High volume indicates trend reversal

 

[Ramesh Selvaraj]

Short term traders use candle stick analysis.  Volume indicates trend reversal.

[Asif Sahib]

Candle sticks is used by the weekly traders, the volume doesnt play a much important role in candlesticks as in price patterns or the Dow theory. Only in DOJI, hammer/hanging man it plays an important role, it indicates the trend reversal.

[Ramkumar E]

Weekly traders.
Volume should be High.

[Nikhath]

Weekly traders can benefit from candle stick analysis. Bigger the volume, stronger the trend reversal in , Doji, hammer, hanging man and piercing.  engulfing pattern doesn’t necessarily be coupled with  strong volume.

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