Candlestick analysis is a form of technical analysis where chart formulations using candlestick pattern. It allow an investor to evaluate trend of shares. Candle stick analysis can be used by a position trader.Volume plays a key role in deciding the direction of the movement.In candle stick analysis there are several types of formation like engulfing pattern,piercing pattern, Doji, evening star,hammer, Hanging man, though which one can predict the market moving towards bullish or bearish.