Candlestick Pattern Name

Technical Analysis
1

1111

What is the name of the candlestick pattern 1, 2 shown in the above figure?

2

Somebody said Naam mein kya Rakkha Hai :stuck_out_tongue_winking_eye:

1 Like
3

I think first one is harami while second one is engulphing, but i think you should better focus on price behaviour which is dynamic, that said your analysis should also be dynamic as per price action.

4

I think s0

5

 

 

In the Indian market, there are several popular candlestick patterns that traders commonly use to analyse price movements and make informed decisions. Here’s a list of some key patterns, along with their meanings and usefulness:

  1. Bullish Engulfing: Indicates a potential reversal from a downtrend to an uptrend. It occurs when a small red candlestick is followed by a larger green candlestick that completely engulfs the previous one.
  2. Bearish Engulfing: Suggests a potential reversal from an uptrend to a downtrend. It happens when a small green candlestick is followed by a larger red candlestick that engulfs the previous one.
  3. Doji: Represents indecision in the market. It has a small body with long wicks on either side. The Doji can signal a potential reversal when it appears after a strong trend.
  4. Hammer: Signals a potential reversal in a downtrend. It has a small body at the top of the candlestick with a long lower wick.
  5. Shooting Star: Indicates a potential reversal in an uptrend. It features a small body at the bottom of the candlestick with a long upper wick.
  6. Marubozu: Shows strong momentum. A Marubozu candlestick has no wicks, with its open and close prices at the extreme ends of the candlestick.

These patterns are useful for traders because they help identify potential reversals, continuations, and market sentiment. Understanding these patterns can improve trading decisions and strategy.