all candlestick patterns pdf in hindi download : here we share All candlestick patterns pdf in hindi download
Candlestick patterns are visual patterns formed by the price movements of financial assets, typically displayed on candlestick charts. These patterns are used by technical analysts to analyze and predict future price movements in various financial markets, such as stocks, commodities, and forex.
Different candlestick patterns
Doji: A doji is formed when the opening and closing prices are very close to each other, creating a small or nonexistent body. It suggests indecision in the market.
Hammer: A hammer has a small body near the top of the candlestick and a long lower shadow. It indicates a potential reversal after a downtrend.
Shooting Star: The shooting star has a small body near the bottom of the candlestick and a long upper shadow. It suggests a potential reversal after an uptrend.
Engulfing Pattern: An engulfing pattern occurs when a larger candlestick completely engulfs the previous smaller candlestick. A bullish engulfing pattern forms at the end of a downtrend, indicating a potential reversal, while a bearish engulfing pattern forms at the end of an uptrend, suggesting a potential reversal.
Harami: A harami pattern consists of a small candlestick within the range of the previous candlestick. A bullish harami forms during a downtrend and indicates a potential reversal, while a bearish harami forms during an uptrend and suggests a potential reversal.
Morning Star: The morning star pattern is a three-candle pattern. It begins with a long bearish candle, followed by a small bullish or bearish candle, and ends with a long bullish candle. It indicates a potential bullish reversal.
Evening Star: The evening star pattern is the opposite of the morning star pattern. It starts with a long bullish candle, followed by a small bullish or bearish candle, and ends with a long bearish candle. It suggests a potential bearish reversal.
Piercing Pattern: The piercing pattern occurs when a bullish candlestick closes more than halfway above the previous bearish candlestick. It suggests a potential bullish reversal.
Dark Cloud Cover: The dark cloud cover is the opposite of the piercing pattern. It forms when a bearish candlestick closes more than halfway above the previous bullish candlestick. It suggests a potential bearish reversal.
