Get started

Candlestickspatterns

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
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
Part 2 Understanding the Master Candle ConceptWhat Are Options? Options are derivative instruments, meaning their value is derived from an underlying asset. The underlying asset can be a stock, index, commodity, or currency. There are two types of options: Call Option: Gives the buyer the right to buy the underlying asset at a specific price (called the strike price) before the expiry date. Put Option: Gives the buyer the right to sell the underlying asset at a specific price before the expiry date. For example: If you buy a NIFTY 50 call option at a strike price of 22,000, you are betting that the NIFTY will rise above 22,000 before expiry. If it does, your call option increases in value. If you buy a NIFTY put option at 22,000, you’re betting the index will fall below 22,000 — and the value of your put option will rise as the index drops.
NSE:HDFCBANKEducation
by SkyTradingZone
Part 2 Candle Stick PatternUnderstanding Call and Put Options There are two basic types of options: Call Options and Put Options. Call Option: A call option gives the holder the right, but not the obligation, to buy an underlying asset at a specific price (called the strike price) before a specific date (called the expiry date). Put Option: A put option gives the holder the right, but not the obligation, to sell an underlying asset at a specific strike price before expiry.
MCX:GOLD1!Education
by SkyTradingZone
Part 1 Candle Stick PatternRisks and Rewards in Option Trading Option trading offers tremendous potential—but it comes with unique risks. Understanding these is essential: Limited Time: Options lose value as expiry nears due to time decay (Theta). Volatility Risk: Sudden drops in volatility can reduce option prices unexpectedly. Liquidity Risk: Some options have low trading volume, making it difficult to enter or exit positions. Leverage Effect: Options amplify both gains and losses. Margin Requirements (for Sellers): Option writers must maintain sufficient margin, as potential losses can be large.
FXOPEN:XAUUSDEducation
by SkyTradingZone
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
2
Educational 21: Importance of Closing Price In the above chart, I have a drawn a closing price resistance line in blue indicating a highest candle close on the chart, now the price action needs to close above that previous resistance to indicate further upside movement in the stock therefore we need to wait for the daily price closing in order to determine and confirm the further movement. In this chart, the price action did go above the marked resistance level (in blue horizontal line) but failed to close above it which indicated selling pressure at higher levels and eventually if it failed to close above the resistance zone then it came down sharply. Therefore, a trader must wait for the closing of a candlestick in order to determine and confirm the big players further movement in the market. Lesson: Trade with the confirmation of closing price or candlesticks. Regards
REducation
by NeeteshJain
4