Stock Analysis Begins Here
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| Posted by Admin Posted on: 29-Sep-2014 | Hi Vinod, All the patterns we have added in the site are quite proven one. It all depends on your understanding of the pattern and some experience in the pattern. Formation of pattern be it candlestick, crossover, chart pattern etc alone is not sufficient. A good probability of stock movement after pattern depends on other things including trend, volume and other indicators. But since your question is specific , I will share a pattern which has been quite profitable to me and I trust it a lot and incidentally it was my first candlestick pattern too. It is Bullish Engulfing. try to read more about it. We have tutorial on it and feel free to read about it from other sources also. They may have different perspective. Its worth increases when stock is in downtrend, couple with high volume, jumping from a support line and you could also look for other indicators. Successful traders select a few patterns and gain mastery over it and focus on this patterns only. In initial stage too many patterns can be quite confusing. Hope this helps. Thanks Site Admin |
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