Get started

Candlestickanalisys

Candlestick Patterns in Trading Candlestick patterns are one of the most widely used tools in technical analysis for traders across all markets, including stocks, forex, commodities, and cryptocurrencies. They provide visual insights into market psychology by representing price action over a specific period of time. Understanding these patterns allows traders to anticipate potential market reversals, continuations, and indecision. 1. Understanding Candlesticks A candlestick consists of four key price points: Open Price – The price at which trading begins for the selected timeframe. Close Price – The price at which trading ends for that timeframe. High Price – The highest price achieved during that period. Low Price – The lowest price achieved during that period. The body of the candlestick is formed by the open and close prices. If the close price is higher than the open, the candle is bullish (often colored green or white). Conversely, if the close is lower than the open, the candle is bearish (often red or black). The lines above and below the body are called shadows or wicks, representing intraday highs and lows.
NSE:BANKNIFTYEducation
by TechnicalExpress
Part 2 Introduction to Candlestick PatternsA. Call Options A call option gives you the right to buy an underlying asset at a predetermined price within a specified time. You buy a call option when you expect: ➡ The price of the asset will go up. Example: Nifty is at 22,000. You buy a 22,000 CE (Call European) at a premium of ₹100. If Nifty rises to 22,400, your call becomes more valuable, and you profit. B. Put Options A put option gives you the right to sell an underlying asset at a predetermined price within a specified time. You buy a put option when you expect: ➡ The price of the asset will go down. Example: Bank Nifty is at 47,000. You buy a 47,000 PE (Put European) at ₹120. If Bank Nifty falls to 46,500, the put becomes more valuable.
FXOPEN:XAUUSDEducation
by SkyTradingZone
Part 1 Introduction to Candlestick PatternsWhat Are Options? Options are financial contracts that give you the right, but not the obligation, to buy or sell an underlying asset (like a stock, index, commodity, or currency) at a specific price, called the strike price, before a fixed date known as expiry. There are two types of options: 1. Call Options – Right to buy 2. Put Options – Right to sell Options derive their value from the underlying asset; that’s why they are called derivatives. Unlike stocks, options have a limited lifespan. They expire weekly, monthly, or quarterly depending on the market.
TVC:USOILEducation
by SkyTradingZone
Real Knowledge of Candle patterns Candlestick patterns reflect the most important element in trading—market psychology and momentum. Each candle represents: Open price High Low Close Candles show emotions like greed, fear, indecision, manipulation, and momentum. Candlestick patterns can be categorized as: 1. Reversal Patterns 2. Continuation Patterns 3. Indecision Patterns 1. Reversal Candlestick Patterns -Bullish Reversal Patterns Hammer Morning Star Bullish Engulfing Piercing Line Dragonfly Doji -Bearish Reversal Patterns Shooting Star Evening Star Bearish Engulfing Dark Cloud Cover Gravestone Doji
NSE:NIFTYEducation
by TechnicalExpress
Candle Patterns Candlestick charts represent price movement in a visually intuitive way. Each candle shows: Open High Low Close The color (green or red) indicates bullish or bearish sentiment. Patterns form when candles combine to express a strong market bias. Why Candle Patterns Matter They show real-time market sentiment Provide early entry signals Indicate trend continuation or reversal Help identify trap candles and false breakouts Crucial for Volume Profile & Market Structure traders to read participant behaviour Candlestick patterns are classified into: A. Bullish Reversal Patterns B. Bearish Reversal Patterns C. Continuation Patterns D. Indecision / Neutral Patterns
NSE:KOTAKBANKEducation
by TechnicalExpress
Real Knowledge Of Candle Patterns Candlestick Patterns in Reversal Trading Reversals are powerful when: Patterns appear on key levels Trend is exhausted Volume divergence occurs Examples: Morning Star at support Shooting Star at resistance Engulfing candles at major swing points Combining Candles with Indicators Although candles alone are powerful, combining them with indicators increases win probability. Best indicators: RSI for overbought/oversold Volume Profile / Market Structure MACD for momentum shift Moving averages for trend direction
NSE:NIFTYEducation
by TechnicalExpress
Cadnle Patterns Mistakes Traders Make With Candle Patterns Mistake 1: Trading Every Pattern Not every hammer means buy; not every engulfing means reversal. Mistake 2: Ignoring the Trend Trend is king. Patterns against trend are less reliable. Mistake 3: No Confirmation Waiting for confirmation improves accuracy. Mistake 4: Overlooking Market Structure Support/resistance is more powerful than candle patterns. Mistake 5: Using Candles Alone Combine with other tools for best results.
NSE:RELIANCEEducation
by TechnicalExpress
Candle Patterns Candlestick patterns are one of the most valuable tools for traders. They visually represent the battle between bulls and bears and reveal hidden clues about upcoming market movements. Whether you're trading intraday, swing, or positional, these patterns help spot reversals, continuations, breakouts, and exhaustion points. But remember: Candle patterns are most powerful when combined with trend analysis, support/resistance, volume, and market structure. Mastering them takes practice, but once you internalize their psychology, you can interpret charts with much more confidence and precision.
NSE:KOTAKBANKEducation
by TechnicalExpress
Candle Patterns ExplainedCandlestick patterns are one of the most powerful tools in technical analysis. They visually capture the battle between buyers and sellers and show you who is in control of the market at any moment. Each candle represents the market psychology of that particular timeframe—fear, greed, rejection, aggression, and hesitation. When you learn to read candles correctly, you understand the story behind price, not just the price itself. A single candlestick is made up of four important points: Open, High, Low, and Close (OHLC). The body of the candle represents the distance between open and close. The wicks (also called shadows) show the highest and lowest points reached during the candle. Bullish candles close higher than they open, while bearish candles close lower than they open. Candle patterns are broadly divided into three categories: Single-candle patterns, Double-candle patterns, and Triple-candle patterns. Each type gives different signals about trend continuation, reversal, or market indecision.
BSE:SENSEXEducation
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
POLYMED - Breakout from Descending Triangle with Volume💹 Poly Medicure Ltd (NSE: POLYMED) Sector: Healthcare & Diagnostics | CMP: ₹2,063.40 | View: Descending Triangle Breakout + 52-Week Volume Expansion 📊 Price Action Poly Medicure finally broke out from a six-month descending structure with a sharp bullish candle. The move came after sustained compression near ₹1,800–₹1,850 support and resulted in a clean trendline breakout with the highest daily volume of the year. Chart Pattern: Descending Triangle (Breakout in Progress) Candlestick Pattern: Bullish Engulfing (Formed at Lower Boundary of Triangle – Base Support Zone ₹1,800–₹1,850) 📈 STWP Trading Analysis STWP Trade Setup Bullish Breakout: ₹2,094.30 Stop Loss: ₹1,829.30 Possible Intraday Demand Zone: 1869.50 - 1850.20 Possible Swing Demand Zone: 1869.50 - 1832.90 Momentum: High Volume: 52-week breakout This marks the possible conviction zone — where price, pattern, and participation align perfectly. 🧭 Support & Resistance Support 1: ₹1,908 – immediate retest zone Support 2: ₹1,752 – mid-base accumulation area Support 3: ₹1,659 – final demand base Resistance 1: ₹2,156 – near-term resistance Resistance 2: ₹2,249 – previous supply pocket Resistance 3: ₹2,404 – key breakout target zone 🔢 Fibonacci Levels Retracement from the ₹3,000 high to ₹1,700 low shows: 38.2% level: ₹2,160 50% level: ₹2,350 📈 Volume & Momentum Setup RSI: back above 61 — momentum returning MACD: bullish crossover with growing histogram CCI: high but justified by volume expansion The breakout candle printed the highest daily volume in a year, confirming institutional accumulation. While the weekly chart remains in recovery mode, the daily structure is already in breakout alignment. 🧩 STWP Summary View Momentum: Strong Trend: Early Reversal Attempt Volume: Extremely High Risk: Moderate (Stop below ₹1,830) Bias: Bullish above ₹2,100 | Neutral below ₹1,850 ________________________________________ ⚠️ Disclosure & Disclaimer – Please Read Carefully This post is created purely for educational and informational purposes and does not constitute investment advice or a buy/sell recommendation. I am not a SEBI-registered investment adviser. All observations are based on technical studies and publicly available information. Trading and investing involve risk; please manage position size and stop-loss discipline as per your risk profile. Always consult a SEBI-registered financial advisor before making trading decisions. ________________________________________ Position Status: No active position in (POLYMED) at the time of analysis. Data Source: TradingView & NSE India 💬 Found this useful? 🔼 Boost this post if you value clean, structured analysis. 💭 Drop your views — can Torrent Pharma sustain this breakout above ₹3,835? 🔁 Share this with traders who track institutional breakouts. 👉 Follow for more price-action based institutional setups. 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊 ________________________________________
NSE:POLYMEDLong
by simpletradewithpatience