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Candleformation

Candle Patterns Explained Candlestick patterns are one of the most powerful tools in technical analysis. They help traders understand price movements, market psychology, and potential trend reversals. Each candlestick represents four key data points for a specific time frame: Open, High, Low, and Close (OHLC). The body shows the open and close, while the wicks (shadows) show the high and low. By studying these candles in combinations, traders can forecast upcoming market moves. 1. Bullish Candlestick Patterns 2. Bearish Candlestick Patterns 3. Continuation Candlestick Patterns Why Candlestick Patterns Matter Candlestick patterns work because they capture market psychology — fear, greed, indecision, and momentum. When combined with volume, support-resistance, and trend analysis, they become a highly effective decision-making tool for traders.
Education
by TechnicalExpress
Real Knowledge of Candle Patterns Candlestick patterns are one of the most important tools in technical analysis. They help traders understand price movements, market psychology, and potential trend reversals or continuations. Each candlestick represents a battle between buyers (bulls) and sellers (bears). When you observe many candles together, you see patterns that reveal shifts in momentum. These patterns have been used for centuries—originating in Japan—and remain powerful even in modern algorithmic markets. To understand candlestick patterns, you must first understand the candle structure. A candlestick has four major price points: Open – the price at which the candle starts Close – the price at which the candle ends High – the highest price reached during the candle Low – the lowest price reached during the candle If the close is higher than the open, the candle is bullish (typically green or white). If the close is lower than the open, the candle is bearish (typically red or black). The body shows the open-close range, and the wicks (shadows) show the high-low range.
NSE:BANKNIFTYEducation
by TechnicalExpress
Sunpharma Sellers Activated Target 455 to 450 Sell below 460We had give a call on 30th May sunpharma that it has a stiff resistance at 483. Stock moved from 474 to 483. Today the stock reached 483 and reversed as per our analysis. Today, If you see daily chart of sun pharma the candle formed is of exact size of 30th April will almost same low high and open and close. what does it indicate.. it indicates that the sellers has been activated from todays high last time the sellers were managed to push the stock down from around 665 tp 448 in just a matter of trading sessions. The interesting thing about the candle formed is the volume. It indicates the same amount of volume that was on 30th April 2020. it simply indicates the sellers are in control like last time. like last time, this time sellers may try to push the stock to 450 levels we would suggest you to sell below 460 it with trailing stoploss If you look at the analysis of wipro on 30th may. we had given the same type of candle was formed and we had given target which was above resistance level and it easily achieved the target of 220
NSE:SUNPHARMAShort
by SherBazaar
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