Dark cloud cover candlestick pattern is a bearish reversal pattern formed in an uptrend. Like a bearish engulfing candlestick pattern, Dark Cloud Cover is a two candlestick pattern where in the first one is a bullish candle continuing the existing upward trend, and then the second candle opens above the close of the prior up candle and closes below the midpoint of the 1st up … [Read more...] about Dark Cloud Cover – Bearish reversal candlestick pattern explained
How to trade Spinning Top Candlestick Pattern
Spinning Top candlestick patterns provide valuable supporting information to a trading strategy. It indicates uncertainty in the market. You may get a spinning top candlestick pattern within an uptrend, downtrend and/or consolidation signifying possible reversals. Spinning tops is a form of candlestick pattern that have similarly sized upper and lower wicks that are usually … [Read more...] about How to trade Spinning Top Candlestick Pattern
Shooting Star and Inverted Hammer Candlestick Pattern explained
One of the most common technical tools used to track the movement of stocks or securities are the candlestick patterns. Shooting star, hammer, hanging man and inverted hammer candlestick patterns spotted after a sharp rally or decline, can be considered as the most important pattern for trend reversal. These single candlestick patterns can help you a lot to spot a trend … [Read more...] about Shooting Star and Inverted Hammer Candlestick Pattern explained
How to Trade Hammer and Hanging Man Candlestick Patterns: A Comprehensive Guide
A hammer candlestick is a pattern that forms at the end of a downtrend and suggests a possible trend reversal to an uptrend. This pattern has a long lower shadow (at least twice the size of the real body) and a very short or non-existent upper shadow. The real body, which can be either red or green, represents the difference between the opening and closing prices. A green … [Read more...] about How to Trade Hammer and Hanging Man Candlestick Patterns: A Comprehensive Guide
Price Action trading – How candlestick helps to read mass psychology
In the stock market, we have three different types of market participants: the bulls, the bears and the undecided traders. Prices of a stock or any other financial securities traded online are the result of the actions of all these market participants at a particular point in time. To know price action trading, you are first required to understand market psychology. Market … [Read more...] about Price Action trading – How candlestick helps to read mass psychology
How to identify Bullish and Bearish Engulfing Candlestick Patterns
A wide variety of two candlestick patterns can signal the end of a downtrend or uptrend. Many traders are known for catching the reverse trend, trying to pick a top or bottom of a trending move. This article explains, what the bullish and bearish engulfing candlestick patterns are, how to recognise reversal in a trading environment that give rise to the pattern and when it has … [Read more...] about How to identify Bullish and Bearish Engulfing Candlestick Patterns
Gravestone, Dragonfly and long-legged Doji Candlestick Patterns
In candlestick patterns, we have a special candle which is formed with no real body and is called the doji. This means, closing price of the candle is at the same price as open, the market ends where it began. As you will see, a doji looks more like a cross. Doji is another important indecision candlestick pattern. It comes in different shapes and forms with either no body … [Read more...] about Gravestone, Dragonfly and long-legged Doji Candlestick Patterns
Scalping: An effective day trading strategy for traders
In general, long term investors make their money by buying a stock and then selling it at a higher price for a profit. These market participants can remain invested for a few weeks or a month or years in order to make profit. On the other hand, we have traders who hold stocks for a few days or get in and out of the stocks several times within the same day. Based on the … [Read more...] about Scalping: An effective day trading strategy for traders
Trading days – NSE & BSE market timing and holidays for FY 2022
In India, we have two major stock exchanges: the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Timing of both these stock exchanges are the same. Trading on the equity segments takes place on all days of the week except Saturdays and Sundays and holidays. The market timing of the equities segment are: Morning Window for Block Deal: 08:45 AM to 09:00 … [Read more...] about Trading days – NSE & BSE market timing and holidays for FY 2022
Your guide to understanding the Nifty 50 – Indian Stock Market Index
The NIFTY 50 is perhaps the most widely followed stock market index in India. NIFTY stands for National Stock Exchange Fifty. The NIFTY 50 is the flagship index on the National Stock Exchange of India Ltd. (NSE), owned and managed by NSE Indices Limited. It’s a well-diversified 50 Indian listed company’s index reflecting overall market conditions. NIFTY 50 Index is … [Read more...] about Your guide to understanding the Nifty 50 – Indian Stock Market Index