Who should use candle stick analysis? What is the role of volume in candlestick analysis?

[Vejay Ragevendra]

Recommended for Weekly Traders, Day Candle is Recommended for Doing Analysis.
Volume Doesnt Play an Important Role in CandleSticks Unlike Price Pattern Theories
Volume Gives an Added Advantage to the Theories.

[Mukil]

Candle stick analysis is useful for traders who trade in weeks or less then a week. Volume is not important in candle stick analysis, but it gives an added advantage.

[Vignesh]

<p style=”text-align: left;”>Positional trader with the time span 3-5 days can use this.</p>
<p style=”text-align: left;”>Volume plays role according to the pattern they follow.</p>
<p style=”text-align: left;”>For Doji and Hangman volume should be high on the particular day.</p>
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[Krishnasai B]

This method is used by traders who trade stocks within a week or a few weeks. Volume doesn’t play a major part in this analysis but it helps to understand the trend better.

[Lakshman Chandrasekaran]

Candlesticks should be used by weekly traders. This method is best suited for short term trends.

Volume is fairly important in a few types of candlestick charts, but not as nearly as important in price patterns.

Volume does help in more conviction of a trend reversal.

[Author]

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