CANDLESTICK PATTERNSCandlesticks originated in Japan over 300 years ago. They show four key pieces of information:
Open
High
Low
Close
Candlestick patterns help traders understand short-term price action, momentum, and market psychology.
Candle patterns fall into:
1. Bullish Patterns
2. Bearish Patterns
3. Indecision Patterns
4 .Continuation Patterns
Candleshunting
Candle Patterns in Technical AnalysisHow Candlesticks Work
Every candlestick has four major components:
Open: Price at the beginning of the period
Close: Price at the end of the period
High: Highest price reached
Low: Lowest price reached
If the closing price is higher than the opening price, the candle is bullish. If the closing price is lower, the candle is bearish.
The body and shadows (wicks) of the candle provide vital information:
A long body shows strong momentum.
A small body shows indecision.
Long wicks show rejection from higher or lower levels.
No wicks signal strong directional control by either bulls or bears.
Based on these characteristics, candle patterns are broadly divided into reversal patterns, continuation patterns, and indecision patterns.
Candle Patterns Candle Patterns and Volume Profile
Volume profile defines where most trading activity occurs.
Key zones:
VAL (Value Area Low) → Strong buy zone
VAH (Value Area High) → Strong sell zone
POC (Point of Control) → Strong rejection or acceptance
High Volume Node (HVN) → Reversal zones
Low Volume Node (LVN) → Breakout zones
Combine candle patterns:
Example setups:
Bullish Engulfing at VAL
Shooting Star at VAH
Pin Bar at LVN breakout
Inside Bar at HVN compression
This combination gives professional-level accuracy.
Candle Patterns How to Use Candle Patterns in Trading
Candlestick patterns alone are not enough. Combine them with:
Support & Resistance
Volume Profile
Market Structure
Trendline & Channels
Moving Averages
RSI / MACD
A candle pattern at a strong support zone is more reliable than a pattern in the middle of nowhere.
8 new price lines candlestick pattern 1. It occurs in an uptrend.
2. The pattern is characterized by 8 candlesticks with higher highs.
3. Closed off the candle should be above the previous candle stick body
If this occurs, there are more chances that there will be a rise in Prices. If the Close is below the Top of the Real Body of the Previous Candle , there are more chances that there will be a fall in Prices.
#ULTRACEMCO buy abv 6870 , Tgt 7145 / 7313 / 7468#ULTRACEMCO after BO abv 6470 on 29-Mar continues its upward move attempting to close abv 6870 - nxt resistance
Buy on Daily close abv 6870
Tgt 7145 (4%) / 7313 ( 6.4%) / 7468 (8.7%) on candle shunting
SL 6580
risk : reward - 1: 1.35 / 1: 2.2 / 1: 3.5
RSI crossover above 60 should give positive momentum
#swingtrading #trading #nifty
#MANAPPURAM Buy at 121 ; Tgt 124/140/150#MANAPPURAM #swingtrading #trading
after sharp sell-off in mid-Feb on fears of increased competition, it took support at 110 & consolidated
Buy at 121
Tgt 124/140/150 #candleshunting with minor resistances at 140-143 & 150-153
SL 110
Risk Reward : 1:2(140) & 1:3 ( 150)






















