What is Candle stick analysis? Its evaluation and it real time application?

[Vijayakumar]

• A technical tool which considers price movements within a day as well for the analysis
• Works well with short period (3-4 days to weekly)
• Provides clear buy & selling points
• Easy to analyse

[Priyalakshmi]

• It is also called Japanese candle stick method boz it was founded by  Japanese person .
• it can be made for days ,week , month so that to make the analysis very easy  .
• The opening price and closing price can be identified easily and also the day high and low .

[MOSHIN KHAN]

The analysis which has strong recommendation about the price up and down movement within a shorter period is called as candlestick analysis.

Yes its one of the real time application.

Its evaluation patterns are

1. Engulfing

2. piercing

3. doji

4. hammer and hanging man.

[Ganesh]

Candle stick analysis is similar to bar chart used for technical analysis. Origin of candle stick analysis is Japan, who used this method to trade rice. In real time application, 1 week data is sufficient to analyse the stock price movement.

[usha muthukumar]

It can be used for weekly/short term traders

We should understand the concept of demand and supply

Bullish candlestick denoted by GREEN body

Bearish candlestick denoted by RED body

Using this analysis, we can enter/exit from the stock

 

[Author]

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