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Types of candlesticks and their significance

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Technical chart reading is a very powerful skill to have if you dream of becoming a trader and want to survive in this world of stock markets. We all know that chart reading is the most important aspect of technical analysis . So, we go on the internet searching for technical charts and I am sure you all must have come across one common chart, which is the "candlestick chart". This is the most popular chart among all traders and investors. The reasons behind this are that this chart is easy to understand, gives high accuracy trades, allows us to know the trend of the market, tells us about the sentiments of buyers and sellers, and many more. This chart is definitely the best amongst all the other charts. The candlestick chart consists of various candles, each of which has its own significance. Each candle on the chart shows the momentum that occurred at a particular time-frame. This "momentum" is nothing but the buying and selling happening in the marke...
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How to start Investing in the Stock Market?

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One of the best things you can do in this life is invest; it can be in your health, relationships, education, businesses, or most favourite of all, "the stock market." Many people think of investing in the stock market, but very few actually do so. This is because people either don't have the proper knowledge and guidance on how to invest or they have the fear that they will lose all their money in the market. But those who invest create wealth, and this wealth can only be created by taking calculated risk. Without taking any risk, you can't grow your money in the stock market , and neither can you grow in your life. So have the courage to take the risk that will create your wealth because I am going to share some important things with you that will help you take good decisions while investing by keeping your risk low.  So here are 6 important things to kick-start your investing journey: 1. Understand the market The market is a very volati...
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Multiple candlestick patterns- Part 2

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Welcome back, everyone, to Part 2 of Multiple Candlestick Patterns. Today we are going to discuss about five more major candlestick patterns that will help you in your technical analysis. If you haven't read Part 1 of Multiple Candlestick Patterns, you can read it by clicking here👉🏻 Multiple candlestick patterns: Part 1 1. Bullish Harami: A bullish hammer is formed with the combination of two candlesticks. This is a bullish reversal pattern that is formed at the bottom of a downtrend. Here, the first red candle indicates a strong downtrend in the market. The next small green candle is formed, which shows that the bulls are coming back into the game. The second green candle (body and wicks) should be completely within the range of the first red candle; otherwise, it won't be a valid bullish harami. To trade this pattern, there are two entries: Entry 1 : If the next upcoming candle breaks the high of the second green candle, you can enter with a stop-los...
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