Get started

Candlestick Analysis

Marubozu Candlestick Pattern.....The Marubozu is a unique and powerful single candlestick pattern that signals strong momentum in the market. 📌 What is a Marubozu? A Marubozu candlestick has "no wicks or small wicks" — just a full body from open to close. This shows that the buyers or sellers were in complete control during that period. 🔵 Bullish Marubozu A Bullish Marubozu opens at the low and closes at the high, showing strong buying pressure. It often appears at the beginning of a bullish move or during a breakout. 🔴 Bearish Marubozu A Bearish Marubozu opens at the high and closes at the low, indicating strong selling pressure. It can mark the start of a downtrend or a continuation of bearish strength. 🧠 Interpretation Marubozu patterns are seen as signs of conviction. When spotted at support or resistance zones, they can strengthen breakout signals or confirm reversals. ⚠️ Tip : Always combine Marubozu with volume analysis or other indicators to avoid false signals and improve accuracy. 🔍 Use this pattern to identify strong momentum shifts and trade in the direction of the breakout! Disclaimer : This post is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
OANDA:XAUUSDEducation
by Shivam_Mandrai
2
Gallantt Ispat Ltd - Up Flag PatternGallantt Ispat Ltd. displays a strong bullish setup with multiple confluences suggesting potential upside: 📊 Technical Analysis Summary: ✅ 1. Bullish Flag / Pennant Pattern After a strong uptrend (flagpole), the price is consolidating in a tight descending channel, forming a bullish pennant. These patterns are continuation setups, and a breakout above the upper trendline usually signals a resumption of the uptrend. ✅ 2. Volume Spike There is a clear increase in volume, confirming institutional interest. Breakouts with volume are more reliable—this spike could indicate accumulation before breakout. ✅ 3. MACD (CM_Ult_MacD_MTF) MACD line is above the signal line and both are rising, indicating positive momentum. Histogram turning blue and increasing, further confirms bullish momentum. ✅ 4. Entry/Exit Setup Entry zone: Around ₹554.70 (current price), or on breakout above ₹562.40. Stop loss: Around ₹523.75 (below pattern and recent support). Target: ₹639.80 (based on flagpole projection). 🧠 Trade Idea: Risk-Reward: Favorable (Approx. 1:2.7 R:R). Ideal Entry: Wait for breakout candle with high volume above ₹562.40. Safe Entry: Enter in retest after breakout, if it occurs.
NSE:GALLANTTLong
by prajapatiamit
2
Precision Meets Patience | SAKSOFT Chart WTF🔻 A clean Control Trendline (CT) drawn from the all-time peak (🔺) on the Weekly Time Frame (WTF) shows a long-term price memory resistance finally getting tested. 📏 Overlapping that is a hidden horizontal resistance (⚪ dotted white line), representing the final hurdle before the stock can challenge the supply zone. 🟧 Mother Candle Structure: A powerful consolidation candle has now been broken with strength, giving us structure + intent in one move. 🔊 Volume speaks! We’ve seen two separate clusters of high volume, confirming active participation—not a lonely breakout. 📈 The trendline from bottom left is giving both body and wick supports—a technically clean angle where structure meets sentiment. 📝 Note: This is a structural breakdown meant for educational and analytical purposes. Not a forecast or recommendation.
NSE:SAKSOFTLong
by Averoy_Apoorv_Analysis
2
ITC will start going downwards soonTECHNICAL INDICATORS - DOUBLE TOP PATTERN : Recently NSE:ITC has formed a double top pattern indicating strong bearish potential for the stock Double top is formed when 2 consecutive peaks are formed with a dip or low between them HANGING MAN CANDLESTICK : The stock has also formed a hanging man candlestick which denotes reversal of upward trend to downward trend Hanging man is formed when a candlestick has long lower shadow and small upper body at the top STRONG SUPPORT-RESISTANCE ZONE : The stock has also taken reversal from a very strong support-resistance zone twice in the last 1 month indicating very stong momentum for the stock to go downwards PROFIT TARGET : 411 STOP LOSS : 435
NSE:ITCShort
by peace_lover
2
BLUE STAR LTD. – TECHNICAL ANALYSIS📈 BLUE STAR LTD. – TECHNICAL ANALYSIS 📆 Date: July 1, 2025 | ⏱ Timeframe: Daily Chart 🔍 Educational Breakdown – For Learning & Study Use Only ________________________________________________________________________________ 🔹 Price Action Zones • 🔴 Top Range (Resistance): 2417 • 🟢 Bottom Range (Support): 1521 ________________________________________________________________________________ 🔹 Chart Pattern: ✅ Rectangle/Box Consolidation Breakout – Price was range-bound in a tight zone and has given a strong breakout on high volume, indicating bullish intent. ________________________________________________________________________________ 🔹 Reversal Candlestick Patterns • Top Range (2417): ⛔ No recent candlestick activity visible at the top range. • Bottom Range (1521): Todays Candle ✅ Bullish Engulfing + Strong Bullish Candle ✅ RSI Bounce + Volume Spike ✅ Confirmed by Price Action and Momentum Indicators ________________________________________________________________________________ 📊 Trade Plan (Based on Reason and Logic) 🔼 Bullish Trade Setup: • Entry: 1715 (Breakout Candle Close) • Stop Loss: 1614.45 (Below consolidation and bullish candle) • Target 1: 1850 • Target 2: 1980 • Reason: o Strong breakout with above-average volume o Multiple confirmations (RSI, Bollinger Band, Supertrend) o Box breakout with previous supply cleared ________________________________________________________________________________ 🔽 Bearish Trade Setup: • If price fails to sustain above 1715 and closes back below 1680 zone • Entry: Below 1665 (Fakeout confirmation) • SL: Above 1715 • Target: 1615 / 1550 • Reason: Potential failed breakout & liquidity trap ________________________________________________________________________________ 📌 Disclaimer This analysis is shared for educational and study purposes only. It does not constitute investment advice. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making trading decisions. Always use proper risk management and trade only with confirmation. ________________________________________________________________________________ 💬 Comments What’s your view on Britannia? Drop your thoughts and chart setups ________________________________________________________________________________
NSE:BLUESTARCOLong
by simpletradewithpatience
6
BRITANNIA INDUSTRIES LTD. – INTRADAY ZONE ANALYSIS📈 BRITANNIA INDUSTRIES LTD. – INTRADAY ZONE ANALYSIS 📆 Date: July 1, 2025 | ⏱ Timeframe: 15-Minute Chart 🔍 Educational Breakdown – For Learning & Study Use Only ________________________________________ 🔹 Price Action Zones 🔴 Top Range (Resistance): ₹5869.50 🟢 Bottom Range (Support): ₹5721 ⚪ Neutral Zone: Between ₹5732 – ₹5804 (No clear directional bias until breakout from either zone) ________________________________________ 🧩 Chart Pattern: No There’s no prominent chart pattern (e.g., flag, wedge, triangle) seen in the current snapshot. This is primarily a demand-supply structure with price action analysis. ________________________________________ 🔁 Reversal Candlestick Patterns: 🔴 Top Range: No textbook reversal candle observed yet. However, the previous rejection from ₹5822–₹5804 still makes this zone valid for bearish observation. 🟢 Bottom Range: ✅ Morning Star pattern identified near ₹5721. This is a strong bullish reversal pattern indicating potential buyer strength emerging from the demand zone. ________________________________________ 🧠 1. Trade Plan (Based on Reason and Logic) 🔼 Bullish Trade: Idea: Go long if price retests ₹5732–₹5721 and holds with bullish confirmation (preferably another higher low or volume spike). Stop Loss: Below ₹5715 Risk-Reward: 1:1 | 1:2+ Logic: Presence of a valid Morning Star reversal at demand zone suggests buyer strength and potential upside toward ₹5800+. ________________________________________ 🔽 Bearish Trade: Idea: Short if price rallies to ₹5822–₹5804 and shows rejection (bearish wick, reversal candle, volume drop). Stop Loss: ₹5827.25 Risk-Reward: 1:1 | 1:2+ Logic: Previously reacted supply zone with strong rejection. If tested again without volume confirmation, short setup is valid. ________________________________________ 📦 2. Trade Plan Based on Demand/Supply Zones 🟥 Supply Zone: ₹5822 – ₹5804 SL: ₹5827.25 Plan: Enter short only if price rejects the zone again with bearish confirmation. Risk-Reward: 1:1 | 1:2+ 🟩 Demand Zone: ₹5732 – ₹5721 SL: ₹5715.60 Plan: Enter long if the zone holds, ideally using the Morning Star as confirmation. Risk-Reward: 1:1 | 1:2+ ________________________________________ 📌 Disclaimer This analysis is shared for educational and study purposes only. It does not constitute investment advice. The author is not SEBI-registered. Please consult a SEBI-registered advisor before making trading decisions. Always use proper risk management and trade only with confirmation. ________________________________________ 💬 Comments What’s your view on Britannia? Will the Morning Star at the demand zone lead to a reversal, or will supply pressure dominate again? Drop your thoughts and chart setups below 👇 ________________________________________
NSE:BRITANNIA
by simpletradewithpatience
1
Tweezer Top and Tweezer Bottom Candlestick PatternsTweezer Top and Tweezer Bottom are powerful reversal candlestick patterns often spotted at the end of trends. 🔻 Tweezer Top Appears at the top of an uptrend. It consists of two consecutive candles with similar highs. The first candle is usually bullish, followed by a bearish candle of almost the same high, signaling a potential bearish reversal. 🔺 Tweezer Bottom Appears at the bottom of a downtrend. It consists of two candles with matching lows. The first candle is bearish, followed by a bullish candle of nearly equal low, indicating a possible bullish reversal. 📌 Key Characteristics: • Both candles have equal highs (top) or lows (bottom) • Second candle shows hesitation or rejection of the previous trend • Often found near resistance or support zones • Works best with volume confirmation or other confluence signals Disclaimer : This idea post is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
OANDA:XAUUSDEducation
by Shivam_Mandrai
Engulfing Candlestick Pattern Explainedthe engulfing candlestick pattern is a powerful price action signal used by traders to identify potential reversals in the market. it consists of two candles: 🟢 bullish engulfing * occurs during a downtrend * the first candle is bearish (red) * the second candle is bullish (green) and completely engulfs the body of the first candle * it signals a potential reversal to the upside 🔴 bearish engulfing * occurs during an uptrend * the first candle is bullish (green) * the second candle is bearish (red) and completely engulfs the body of the first candle * it signals a potential reversal to the downside 📍 key points to remember * the second candle must fully engulf the body (not just the wicks) of the first candle * higher volume during the engulfing candle increases its reliability * it works best when combined with support and resistance levels or trendlines 💡 confirmation always wait for confirmation before entering a trade. for bullish engulfing, a break above the high of the engulfing candle is ideal. for bearish engulfing, a break below the low adds strength to the signal. 📈 How to use it ? many traders use this pattern as part of their entry or exit strategy. combining engulfing patterns with indicators like rsi, moving averages, or trend filters can improve accuracy. ⚠️ risk management like any pattern, engulfing candles are not 100% accurate. always use proper risk management and stop-loss placement to protect your capital. Disclaimer : This Video is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
Education
by Shivam_Mandrai
3
Bullish and Bearish harami candlestick patternthe harami pattern is a two-candle reversal formation seen on candlestick charts. it reflects indecision and a possible shift in momentum, making it useful for spotting early signs of a trend change. 🔵 bullish harami this pattern forms during a downtrend. the first candle is a large bearish one, followed by a smaller bullish candle that fits completely within the body of the first candle. this shows that selling pressure is weakening and a potential upward reversal may occur. 🔴 bearish harami this pattern appears during an uptrend. the first candle is a strong bullish one, followed by a smaller bearish candle that is completely inside the previous candle’s body. this suggests that buying strength is fading, and a downward move might follow. 📌 key characteristics * second candle is smaller and opposite in direction * body of the second candle is fully within the body of the first candle * confirmation from volume or the next candle increases reliability ✅ usage tips * combine with support and resistance levels or trendlines * look for confirmation from indicators like rsi or macd * avoid using it alone in sideways or noisy markets Disclaimer : This post is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
Education
by Shivam_Mandrai
3
Weekly CT Breakout + 200EMA Flip | GALAXYSURF Structure📉 Main CT Line (Dotted White) A well-defined counter-trendline finally gave way after weeks of price compression. The breakout was clean, with a strong bullish candle closing decisively above it. 📊 Volume Confirmation Breakout candle posted a solid spike in volume — the highest weekly volume in months. 💥 📈 200 EMA Broken (Blue Line) Price has also cleared the 200-week EMA, a key dynamic resistance, now potentially flipping to support. 📉 🟧 Higher Timeframe Supply (Orange Line) / ⚪ (White Lines) The breakout candle has also stepped into a tight zone between Weekly + Monthly supply, marked by the orange line. 📌 As always, the chart tells the story. No predictions. No assumptions, just structure.
NSE:GALAXYSURFLong
by Averoy_Apoorv_Analysis
Simplified Approach to read Candlesticks -Easy Candles ~ Part 1MARKETSCOM:OIL Introduction ⦿ Candles form the basis of chart creation and analysis. ⦿ A weak foundation can destabilise your entire structure. This thread will clarify and simplify your understanding of price candles. I use two types of candles on charts: 1. Momentum/trending candles 2. Ranging/trading candles Understanding these eliminates the need to memorize complex candle names (e.g., Marubozu, Harami bullish) cause every candlestick pattern is formed with combination of these 2 candels only. Definitions: ⦿ Momentum candle: Body >50% of total size ⦿ Range candle: Body <50% of total size Decode Momentum Candle ⦿ Only Buyers here - Clear Trend Decode Range Candle ⦿ Both Buyers & Sellers here - No Trend ⦿ Indecision mode among participants. ⦿ Understand what major players did in the last candle to predict their next move. ⦿ Don't just memorise candle names; grasp the psychology behind them. ⦿ I'll share the levels of candle strength to elevate your candle reading. ♦️Stay tuned and follow for more educational content.
OEducation
by SANJAYPATIDAR_
ELECTCAST Triple Bottom Pattern🔍 1. Understanding the Triple Bottom The Triple Bottom is a classic bullish reversal pattern that typically forms after a prolonged downtrend or consolidation phase. It signifies strong buying interest at a consistent support level, leading to three distinct price lows (or “bottoms”) occurring near the same price zone. 📌 Key Characteristics: Formation Time: Typically spans 2–6 months Touchpoints: Three distinct lows formed at or near the same support level Pattern Zone (for ELECTCAST): ₹87 – ₹88 Trade Entry: Entry is typically considered on a breakout above the neckline, which is the horizontal resistance connecting the interim highs between the bottoms. In this case, a breakout confirmation would be around ₹96. Stop Loss (SL): Just below the third bottom, e.g., ₹85 Target: Based on pattern depth projection, conservative ₹104, aggressive potential up to ₹120–₹140, once momentum sustains 📉 2. Triple Bottom Formed at ₹87–₹88 Zone Electrosteel Castings has tested the ₹87–₹88 level three times, showing that this price zone has acted as a strong accumulation support. The repeated defense of this level suggests significant buying interest by institutional players or informed investors. 1st Bottom: Initial rejection near ₹88 2nd Bottom: Retest with similar rejection zone 3rd Bottom: Confluence with bullish reversal candlestick (Morning Star) The pattern is visually symmetric and clean, enhancing its reliability. At the third bottom near ₹87, a Morning Star was observed, marking the first visual confirmation of bullish reversal. This adds significant strength to the pattern because the third bottom often acts as a psychological pivot point, triggering buying from traders watching for a reversal. 📈 3. Higher Top – Higher Bottom Structure Emerging Following the Morning Star, the stock has started forming a higher bottom and higher top structure—a fundamental trait of an uptrend. However: 🟡 Caution: One more higher bottom formation is required to confirm the start of a sustainable uptrend. Once the uptrend is firmly established, a close above ₹140 will act as a major breakout signal, potentially propelling the price toward new 52-week highs or an all-time peak. 🧠 4. Accumulation Zone and Triple Bottom – The Relationship An Accumulation Zone is a price range where informed investors quietly accumulate shares over a period, usually when a stock is undervalued or consolidating. 🔗 Connection to Triple Bottom: The Triple Bottom pattern often forms within the Accumulation Zone Each dip to the support level attracts buyers, revealing hidden demand The formation acts as a transition from accumulation to markup phase The breakout from the Triple Bottom signals the end of accumulation and the start of an uptrend Hence, the Triple Bottom is not just a technical pattern, but a visual representation of accumulation dynamics playing out. 📝 Disclaimer This report is intended purely for educational and training purposes. It is not a recommendation to buy or sell securities. Always conduct your own research or consult a certified financial advisor before making trading decisions.
NSE:ELECTCAST
by Arvind_Share_Academy