Candlestick Patterns

When a Spinning Top is formed in an uptrend, the one we are in right now, suggests that the buyers are losing conviction and a possible top could be in place, but will still require confirmation.

Technical View: Nifty forms a bearish candle; 9,930 crucial for bulls

Investors are advised to stay cautious as last minute selling on Thursday derailed rally on D-Street. They can lighten up their position on a bounce towards 9,950 levels.

Bullish Meeting Lines: Bullish Reversal Pattern

Bullish Meeting Lines pattern is a bullish reversal pattern. It takes place in a downtrend.

Piercing Line: Bullish Reversal pattern

Piercing Line It is a bullish reversal pattern. It occurs in a downtrend and is comprised of two candlesticks.

Bullish Rising Three Method: Bullish Continuation Pattern

Bullish Rising Three Method It is a continuation candlestick pattern. It is ideally a five candle pattern in which second, third, and fourth candles are opposite in color of the first candle.

Bearish Falling Three Method: Bearish Continuation Pattern

Bearish Falling Three Method is a bearish continuation pattern. It is opposite of bullish rising three method pattern. The pattern occurs after a downtrend.

Bullish Mat Hold: Bullish Continuation Pattern

Bullish Mat Hold is a bullish continuation pattern. It is a variation of Rising Three Methods. The pattern comprises of 5 candles.

Breakaway Pattern: Bearish Reversal Pattern

Breakaway Pattern is a bearish reversal pattern. It consists of 5 candles. In this pattern, current trend is seen beginning to slow and then filling of the gap is seen.

Black Marubozu

Black Marubozu is a large black candle with no wicks on either end. This candle is considered to be an very bearish.

Bearish Separating Line: Bearish Continuation Pattern

Bearish Separating Line is a bearish continuation pattern. It is exact opposite of Bullish Separating Line.

Bearish Mat Hold: Bearish Continuation Pattern

Bearish Mat Hold pattern is a variation of the Falling Three Method. It is comprised of 5 candles. It is considered to be very potent when it appears in primary up downtrend.

Advance Block: Bearish Reversal Pattern

Advance Block is a bearish reversal pattern. This is similar to Bullish Three White Soldiers Pattern.

Abandoned Baby Bottom: Bullish Reversal Pattern

Abandoned Baby Bottom is a bullish reversal pattern, which is composed of a doji star, gaping away (including its shadow) from the previous and following candles.

Abandoned Baby Top: Bearish Reversal Pattern

Abandoned Baby Top is a bearish reversal pattern, which is composed of a doji star, gaping away (including its shadow) from the previous and following candles.

Long-legged Doji: Bullish Reversal, Bearish Reversal

Long-legged doji is a candle with long upper and lower shadows and a small real body. The pattern shows that there is an indecision between the buyers and the sellers, and that the market is approaching transition period.

Kicking pattern: Bullish Reversal, Bearish Reversal pattern

Kicking pattern is a two-candle reversal pattern. On the chart, it seems as if price is kicking away the current trend, hence the name, Kicking.

Homing Pigeon: Bullish Reversal Pattern

Homing Pigeon is a bullish reversal pattern. It comprises of two red candles. The pattern appears after a clear downtrend.

Ladder Top: Bearish Reversal Pattern

Ladder Top is a bearish reversal pattern and it appears at the end of uptrend. It consists of 5 candles. The pattern gives early signs of deterioration of uptrend.

Four Price Doji

Four price doji is a candlestick where open, high, low, and close are all the same. This candle reflects the highest extent of indecision between bulls and bears.

Dragonfly Doji: Bearish Reversal Pattern

Dragonfly doji is a bearish reversal pattern. It is opposite to the gravestone doji.

Downside Tasuki Gap: Bearish Continuation Pattern

Downside Tasuki Gap is a three day bearish continuation pattern. It starts with a red candle which gaps below the previous red candle.

Bearish Harami Cross: Bearish Reversal Pattern

Bearish Harami Cross is a bearish reversal pattern. It appears in an uptrend. In this pattern, a long white candle appears, followed by a doji. This pattern is considered to be more significant than Bearish Harami Pattern.

White Marubozu: Bullish Reversal/Continuation Pattern

White Marubozu is a bullish reversal/continuation pattern. It is a large white candlestick with no wicks on either end.

Bullish Harami Cross: Bullish Reversal Pattern

Bullish Harami Cross is a bullish reversal pattern. It appears in a downtrend. In this pattern, a long black candle appears, followed by a doji. This pattern is considered to be more significant than Bullish Harami Pattern.

Upside Tasuki Gap: Bullish Continuation Pattern

Upside Tasuki Gap is a bullish continuation pattern. Its a three day pattern.