NeeteshJain

Educational 16: Bullish Candlesticks

BSE:NMDC   NMDC LTD
It is been observed that there are some candlesticks pattern which describes the sentiment and movement of buyers and sellers in the market. It is observed that when a Green Bullish Candle with no to little wick in bottom found after a downtrend indicates a buyers come back with full dominance over price action as there will be no lower wick which means no selling pressure and just buyers dominance. This signals a buying opportunity in the market.

Kindly follow the below basic criteria to get good results,

A Green Bullish Candlestick with no lower wick shall come

1. After a Downtrend
2. After a Doji or Exhaustion Candle to downside
3. After Red candle
4. At major Support and Resistance


Kindly share your opinion or example in the below comments in order to confirm the strength of the candlesticks

Regards,
Neetesh Jain

Comments

thank you sir..
+1 Reply
NeeteshJain asif06542
@asif06542, Your welcome. Wish you the best. Regards
Reply
Great Sir......!! love to read your ideas.
+1 Reply
@raaaaaz, I appreciate your feedback. Wish you the best. Regards
Reply
you are an unique teacher.obliged & thanks
+1 Reply
@DebuRoy, Thank you for your generous words. I wish my sharing shall add to your trading experience. Regards
Reply
Great article, highly effective sirji. my doubt is , wont volumes impact the significance of the bullish candlesticks. kindly clarify. TYIA
+1 Reply
NeeteshJain skbharathi
@skbharathi, Well Said, Volumes did matter in such situations. Thanks, Regards
Reply
Really helpful for me..
Reply
bro you are selfless contributor here ,i heartily appreciate your educational efforts .very rare to see practical knowledge sharing like that.............keep it on buddy .
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