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Candle Sticks Patterns
Candle Sticks Patterns
BULLISH BEARISH
WHAT’S THE TREND
SIDEWAYS
R R
S S
R
IS PRICE AT RESISTANCE ? IS PRICE AT SUPPORT ?
S
BULLISH HAMMER BULLISH PIERCING BULLISH 3 INSIDE UP BEARISH HANGING MAN BEARISH DARK CLOUD BEARISH 3 INSIDE
DOWN
BULLISH ENGULFING BULLISH MORNING STAR BULLISH HARAMI BEARISH ENGULFING BEARISH EVENING STAR BEARISH HARAMI
BULLISH 3 WHITE SOLDIER BULLISH MARUBOZU TWEEZER BOTTOM BEARISH 3 BLACK BEARISH MARUBOZU TWEEZER TOP
CROWS
INVERTED HAMMER BULLISH 3 OUTSIDE UP BULLISH COUNTERATTACK BEARISH SHOOING STAR BEARISH 3 OUTSIDE DOWN BEARISH
COUNTERATTACK
ENTRY POINT
ENGULFINGBULLISH BEARISH
(with in 3 candles)
* 5 MIN’S TIME FRAME MINIMUM 8 CANDLES TREND STOP LOSS • 1ST TARGET
1.5 TIMES
* 15 MIN’S TIME FRAME MINIMUM 6 CANDLES TREND
• 2ND TARGET
* MINIMUM TREND OF 1.5% OF STOCK PRICE 2.5 TIMES
* LAST POINT OF ENGULFING CANDLE AND TREND HAS TO BE SAME
ENTRY POINT
* ENTRY AT SECOND LAST CANDLE BREAKOUT (with in 3 candles)
* ENTRY WITHIN THREE CANDLE
* FIRST TARGET IS 1.5 X (times) OF ENTRY & SL GAP
* SECOND TARGET IS 2.5 X (times) OF ENTRY & SL GAP
Dipak Sharma
INTRADAY
ENTRY POINT
HAMMER BULLISH
(with in 3 candles)
TARGET 2X TIMES
STOP LOSS
Dipak Sharma
TOP POINT OF TREND
INTRADAY
SHOOTING STAR
STOP LOSS
BEARISH
TARGET 2X TIMES
STOP LOSS
Dipak Sharma
INTRADAY
ENTRY POINT
MARUBOZU BULLISH BEARISH
(with in 3 candles) • 1STTARGET
0.7 % OF STOCK PRICE
• 2ND TARGET
1.5 % OF STOCK PRICE
STOP LOSS
Dipak Sharma