All about candlesticks pattens

 All about candlesticks pattens 

how candles are form ?

A candle formed by four part 

1. open 

2.close 

3.high 

4.low

so lets try to under stand the price how it work and how it help full for us , ex we see a 5min candle of nifty its open in 17500 and it close is around 17550 so the open of  candle and close of candle show the body part of the candle .

                                                              if it's candle hit 17560 as high 

and the low is around 17490. so it s  regular normal candle .

candle are form by the emotions of trader who buy or sell the stocks in the market . its just show what the market think . not only base on candles we trade in which strick price the candle is form it more valuable .

                             in the market there are two type of candle are form who indicates us where is market is going to move . every candle has a story of its form and the it's show that what the players of market are think . 

1.bullish candlestick patten 

2.bearish candlestick patten

 

bullish candlestick patten

one of the  most popular candle is the hammer candle

 this candle is formed in the bottom of the trend and it is the sing of the reversal means the down trend is about to end and the uptrend is start .

                                   how it's look ?

  this type of candle is look like the small body in upper said and the lower  is long colour is not that much matter . 

psychology of hammer candle 

it show that the bears are lose control from the market and bulls are is fire so it's means the bull are going to market .lets ex the candle is open and bears apply force on down said but then bull are come and the price is go upside and make a high and close  near to the open .