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In candle stick analysis forecasting duration is days to week.
Short term traders who wants to buy or sell shares within a week should use candle stick analysis
High volume indicates trend reversal
candle stick analysis has its origin from Japan.
It has the clear details of open and close prices for the stock and its colorful representation i.e., red for bearish and green for bullish is easy to determine the trend
candle stick analysis is helpful for shot term trading particularly for weekly trading
Dow Theory helps us to identify the market trend with the help of demand and supply and it is suitable for long term trading.
whereas, Price patterns helps us to identify the price movements which is very helpful for long term as well as short term trading.
Flag pattern is one of the types of price patterns.
duration is around 3 to 7 days
in this pattern lot of buying happens in short span
conditons to qualify as perfect FLAG are
1. Identify the steeper pole in the chart
2. price movement for 3 to 7 days should form a rectangular line
3. Break out happens only on positive side if considered a Positive pole and Negative side if considered a Negative pole, Volume will be high during breakout.
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