Candlestics are innovated more than a century ago in Japan by a rice trader to understand price movements. Candlesticks gives indication of price movements in terms of O-C-H-L When plotted on chart with different candlesticks, it generates pattern to understand trends. There are different candlestick patterns like engulfing, piercing, hanging man, hammer, morning star, evening star.
Manoj, , Candlestick Analysis, candlestick, doji, Engulfing, evening star, hammer, hanging man., morning star, piercing