What are Candlestick Chart?

1. What are Candlestick Charts? Candlestick chart patterns are a prominent component of technical analysis because they allow traders to evaluate price information rapidly and from only a few price bars. You may have seen colored, 2 sides pointed vertical rectangles bars on a stock price chart in your early learning phases. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

2. A candlestick has three basic features: •Body, which represents the area between the opening price and closing price •Shadow or Wick, that maximum and minimum price level that the security touched •Colour, which reveals the direction of market movement Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

3. Six bullish candlestick patterns Bullish candlestick patterns form after a market downtrend starts to lose steam, and signal a reversal in price movement. They act as an indicator for traders, who believe that the price has bottomed and are considering opening a long position to profit from any upward trajectory. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

4. Hammer Hammer candlestick pattern is a single candlestick pattern that appears at the end of a downward trend and indicates a bullish reversal. It is one of the most reliable and widely used candlestick patterns. The pattern is used to identify capitulation bottoms Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

5. Inverse hammer Inverted hammer candlestick pattern is a single candlestick pattern. An inverse/ inverted hammer candlestick pattern often occurs at the end of a downtrend. It denotes a bullish reversal or a short-term downward trend reversal. Bullish engulfing For a bullish engulfing candlestick pattern to formulate there must be an ongoing downward trend. The engulfing pattern is the opposite of the harami pattern, except that the candle pattern cannot be the same color Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

6. Piercing line Piercing candlestick pattern is formed near support levels and indicates a potential bullish reversal. This candle pattern is made up of two candlesticks, the first candlestick is a bearish and the second candlestick is a bullish. It’s a lot like the dark cloud cover pattern. Morning star Morning star candlestick pattern is opposite of the evening star candlestick pattern and it is a bullish bottom reversal pattern. It signals weakness in a downtrend, which could lead to a trend reversal. The morning star is made up of three candlesticks, with the middle candlestick forming a star. In the morning star pattern, the first candlestick must be red with a large real body Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

7. Other candlestick patterns •Three white soldiers •Six bearish candlestick patterns • Hanging man •Shooting star •Bearish engulfing •Evening star •Three black crows •Dark cloud cover Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

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