Today till 12. 20 pm nifty was down just 20 points, then suddenly market falls, will single candelstick pattern helps in catching this movement and how realiable is single candelstick pattern?
Candlesticks are just a pictorial representation of Open, High, Low, Close for a certain period. Using them to base trades isnt advisable at all. Trading is not that easy!
Life and trading are not that easy…likewise we cant catch those sharp falls easily…but candlesticks are better chart type than others…
From Morning itself it was holding support of 8514 with strong control of bears making triangle formation, braking it was a significant indicator.
as previously mentioned in one of ur query, Candlestick is just a visual aid.
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