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30 Candlestick Patterns in 20 MINUTES! | Candlestick Pattern Hindi in Technical Analysis in trading — Transcript

by Neeraj joshi · 4,256 words · 545 segments · language en · Watch on YouTube

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0:00The first two candlestick patterns are
0:02Hammer and Hanging Man pattern.
0:04These patterns look very similar.
0:07The candle that you see here is our Hammer candle. And the
0:11candle that you see here is our Hanging Man candle.
0:15Now, both the candles look the same but there is a
0:17difference in their color.
0:19But let me tell you that if this candle is red instead of
0:22green then also it will be a Hammer candle. Whereas, if
0:25this candle is green instead of red then also it will be a
0:28Hanging Man candle.
0:29Because the important thing here is the trend.
0:32The Hammer candle is made in downtrend.
0:35And after this pattern, there are chances of price
0:37increasing.
0:38That's why it is a bullish candle.
0:40Whereas, the Hanging Man candle is made in uptrend.
0:43And after this candle, there are chances of price falling.
0:47That's why it is a bearish candle.
0:49Now, the next candlestick patterns are Inverted Hammer and
0:54Shooting Star.
0:55Both these patterns look similar.
0:58You can see that this pattern looks something like this.
1:01The only difference here is that this is green and this is
1:05red.
1:05But let me tell you that if this is red instead of green
1:08then also it will be an Inverted Hammer pattern.
1:11And if this is green instead of red then also it will be a
1:15Shooting Star pattern. Because the main important
1:18difference here is the trend. You can see that this
1:21Inverted Hammer pattern looks something like this.
1:24And it is called Inverted Hammer because it looks like a
1:27hammer is kept upside down.
1:29So, this pattern is made in downtrend.
1:32That means if this pattern is made in downtrend then it
1:35will be a bullish pattern.
1:36And after making this pattern, there are chances of price
1:38falling.
1:39And if this pattern is made in uptrend then whether it is
1:42red or green then it will be a Shooting Star pattern.
1:45And after making this pattern, there are chances of price
1:48falling.
1:49Here, let me tell you one more thing that in this pattern,
1:52you can't see any wick below.
1:54But if there is a small wick at this place then also it is
1:57considered as a hammer pattern.
1:59And here also, if there is a small wick at this place then
2:02it is considered as a Shooting Star pattern. Next
2:04scandalistic pattern is
2:06Bullish Spinning Top and Bearish Spinning Top.
2:08In Bullish Spinning Top, the market is in downtrend first.
2:10And after that, a single candle is made whose body is very
2:15small.
2:15And whose upper and lower wick is almost two times of its
2:20body.
2:20Here, upper and lower wick can be very small or big.
2:23But they are almost equal.
2:26And this pattern looks like a Lattu.
2:29That's why it is called a Spinning Top pattern.
2:31Here, we have shown you a green color pattern.
2:34In its place, if it is of red color then also it will be a
2:37Bullish Spinning Top.
2:38Because here, trend is important.
2:40And after making this scandalistic pattern you have to mark
2:44its high.
2:44And after that, the next candle is made.
2:47If it gives a closing above its high, then it is considered
2:50that there are chances of market increasing.
2:53But in this scandalistic pattern, you should use volume for
2:56confirmation.
2:57Its opposite scandalistic pattern is Bearish Spinning Top.
3:00In which, market is in uptrend first.
3:02And after that, a Spinning Top pattern is made.
3:05As it was made there.
3:06It is exactly the same.
3:08And here, we have shown you a red color pattern.
3:10But in its place, if it is of green color then also it will
3:13be a Bearish Spinning Top pattern.
3:15Because it is made in uptrend.
3:17And after making this pattern, what we have to do is we
3:20have to mark its low.
3:21And after marking it, the next candle is made of red color.
3:25And it gives a closing below its low.
3:28So, you can assume that there are chances of market falling
3:31from here.
3:31But in this place also, you should use volume for
3:34confirmation.
3:35Now, our next scandalistic patterns are
3:37Bullish Engulfing and Bearish Engulfing.
3:39These two patterns also look exactly the same.
3:42And these patterns are made by combining two candles.
3:45The difference between these two is that our first pattern,
3:48Bullish Engulfing, is made in downtrend.
3:50And here, our first candle is made of a red color candle.
3:54After which, our next candle is made of a green color
3:58candle.
3:58Which opens below the red color candle.
4:01And closes above the first red color candle.
4:04Because of which, our green color candle engulfs the red
4:08color candle completely.
4:09And this is called Bullish Engulfing.
4:11After making this candle, if a green color candle is made,
4:14then it is assumed that the market can rise from here.
4:17Now, our similar pattern is
4:18Bearish Engulfing.
4:19In this, the market should be in uptrend first.
4:22And here, our first candle is made of a green color candle.
4:26And after making this candle, the market opens above here.
4:31And its closing is below the first green color candle.
4:35Because of which, we see a big red color candle.
4:38And this red candle engulfs the green candle completely.
4:42That's why it is called Bearish Engulfing.
4:44And after making this candle, if our next candle is made of
4:47red color, then it is assumed that the trend has reversed
4:50from here.
4:50And there are chances of the market falling.
4:52The next candlestick pattern is
4:54Bullish Engulfing and Bearish Engulfing.
4:56Here, Engulfing means pregnant women.
4:58So, first, let's talk about Bullish Engulfing.
5:00Here, the market is in downtrend first.
5:02And after that, a big red color candle is made.
5:04Now, after making a red candle, the opening of our next
5:08candle is above the red candle.
5:10And its closing is below the red candle.
5:14Because of which, our second green candle engulfs the
5:17entire body of the red candle.
5:19And it is assumed that this red candle is a woman.
5:23And this is her baby.
5:24Now, after making this pattern, if our next candle is made
5:28of green color, and it gives a closing above this red
5:31candle, then you can assume that
5:33Bullish Engulfing pattern has been made.
5:35And after making this pattern, there are chances of the
5:37share price increasing.
5:38Its opposite is Bearish Engulfing pattern.
5:41Here, the market is in uptrend first.
5:43And after that, a big green color candle is made.
5:45And after making this green color candle, the next candle's
5:49opening is below the green color candle.
5:52And its closing is above the green color candle.
5:55Because of which, this green candle engulfs the entire body
5:59of the red candle.
6:00Like a pregnant woman has engulfed her baby.
6:02And after making this candlestick pattern, if the next
6:05candle is made of red color, and it gives a closing below
6:09this green candle, then you can assume that there are
6:12chances of the market falling from here.
6:14And this is a Bearish Engulfing pattern.
6:16Next candlestick pattern is
6:17Bullish Engulfing cross and Bearish Engulfing cross.
6:20If we talk about Bullish Engulfing cross, the market is in
6:23downtrend first.
6:23And after that, a big red color candle is made.
6:26After making a red color candle, the next candle is so
6:29small that it looks like a cross.
6:31And let's understand how this candle is made.
6:34So, assume that the market opened here.
6:36After opening, the price went up to here.
6:38And here it made its high.
6:40After that, the price came down.
6:42And here it made its low.
6:43And after that, where the share price opened, it gave its
6:48closing there.
6:49Due to which, this candle has no color or it has a very
6:53small color. And due to this, this candle looks like this.
6:56So, if this candle is made, then it is called Bullish
7:00Harami cross. And after making this candle, the next candle
7:04gives a closing above
7:05our red candle.
7:07So, after this, there are chances of the price increasing.
7:09But you should always use volume for confirmation.
7:12Its just opposite is Bearish Harami cross, in which the
7:15market is in uptrend first.
7:17After that, a big green candle is made.
7:19And after making this green candle, a cross is made again.
7:23Which I told you how it is made.
7:26And after making this candle, the next candle gives a
7:29closing below our green candle.
7:31So, here you can assume that there are chances of the
7:34market falling.
7:35And this is called Bearish Harami cross candlestick pattern.
7:38Now, our next candlestick pattern is
7:40Tweezer bottom and Tweezer top.
7:42Tweezer bottom is a bullish candlestick pattern which is
7:44made in downtrend.
7:45That is, the market is falling before this.
7:47After that, a red candle is made.
7:49And after making this red candle, a green candle is made.
7:52Whose close and open price is equal.
7:56So, in a way, this area works as a support for you.
8:00And after making this candle, the next candle gives a
8:03closing above this candle.
8:05So, you can assume that there are chances of the market
8:07increasing from here.
8:08And this is called Tweezer bottom candlestick pattern.
8:11Its opposite candlestick pattern is
8:13Tweezer top which is made in uptrend.
8:15The first candle is a green candle.
8:18And after making that green candle, a red candle is made.
8:22Which is opened from where the green candle is closed.
8:26And where the green candle was opened, it is closed there.
8:30Because of which, these two candles look almost equal to
8:33you.
8:33So, if we look carefully, we will see that there is a
8:36resistance here.
8:37And after making the red candle, the next candle is also a
8:41red candle.
8:42Which gives a closing below this red candle.
8:44So, you can assume that there are chances of the market
8:47falling from here.
8:48And this is called Tweezer top candlestick pattern.
8:50Now, our next candlestick pattern is
8:52Piercing line and Dark cloud cover.
8:54Piercing line is a bullish candlestick pattern in which the
8:57market is in downtrend first.
8:58And after that, a big red candle is made.
9:01Now, after making a red candle, the next candle is made.
9:04It opens below the red candle.
9:07That is, there is a gap down opening here.
9:09And after that, if this green candle closes above 50% of
9:13the red candle, that is, if it closes above half of this
9:17candle, then this pattern is called Piercing line pattern.
9:22And after making this pattern, there are chances of price
9:25increasing.
9:25Its opposite is Dark cloud cover pattern.
9:28This is a bearish pattern.
9:30And in this, the market is in uptrend first.
9:33After which, a big green candle is made.
9:35And after making this green candle, there is a gap up
9:38opening in the market.
9:40You can see that this market was closed here.
9:43And the next time when the market opened, it opened here.
9:46So, there is a gap in between.
9:47But after this gap up opening, the market starts to fall.
9:50And it falls so much that the market closes below 50% of
9:55our green candle.
9:57So, if this kind of pattern is made, then it is called Dark
10:01cloud cover. The next scandalistic pattern is 3 white
10:05soldiers and 3 black crows.
10:073 white soldiers is a bullish scandalistic pattern in which
10:103 big green colored candles are made.
10:12These candles have either a very small wick or they don't
10:15have any wick as shown here.
10:18After making this pattern, there are chances of price
10:20increasing.
10:21Here we have shown you this trend in downtrend.
10:25But many times, the market is in uptrend and after that 3
10:29big green colored candles are made.
10:32So here also it means that the buyers are very bullish and
10:35there are chances of price increasing.
10:38Its just opposite is 3 black crows in which 3 big red
10:42colored candles are made.
10:44And it either has a small wick or it doesn't have any wick
10:48in its body.
10:49We have shown you this pattern in uptrend and after that
10:53there are chances of price falling.
10:57But if the share price is already falling and after that
11:00also these 3 patterns are made.
11:02Then it means that the sellers are very bullish and there
11:06are chances of price falling.
11:09Whenever you see this pattern, it means that there are
11:12chances of price falling.
11:14And whenever you see this pattern, it means that the price
11:17can increase.
11:18But let me clear that you don't have to trade only by
11:20seeing this.
11:21For confirmation, you have to use other methods like you
11:25can use volume indicator.
11:27If you are liking the video till now, then do like the
11:29video.
11:30And if you want us to teach you chart patterns in the same
11:33way, then do write chart patterns and comment for that.
11:37Now our next scandalistic patterns are Morning Star and
11:39Evening Star.
11:40Morning Star is a bullish scandalistic pattern.
11:43Evening Star is a bearish scandalistic pattern.
11:45And these two patterns are very similar.
11:48In Morning Star pattern, the market should be in downtrend
11:50first.
11:51It should be falling first and after that a big red candle
11:54is made.
11:55And after this red candle is made, a small candle is made.
11:59Here we have shown a green candle.
12:01But instead of this, it can also be red.
12:04The main important thing is that the candle should be small.
12:07Something like this.
12:08Because this small candle is indicating indecision here.
12:12Now after the second candle is made, the third candle has a
12:15gap up opening.
12:17Gap up opening means that this candle is closed here.
12:20And the next candle is opened here.
12:22So there is a small gap in between.
12:23And after the gap up opening, if our third candle is a big
12:26green candle, then it is believed that the market can
12:29increase from here.
12:31And how big should that candle be?
12:33That red candle should be more than 50% closed.
12:39Here you can see that this candle is more than 50% closed.
12:43So if this kind of pattern is made, then it is called
12:46Morning Star.
12:47And after this, there are chances of the market increasing.
12:49Its opposite is Evening Star, in which the market is in
12:52uptrend first.
12:53After that, a big green candle is made.
12:56And after this green candle is made, a small candle is made
12:59here.
13:00Here we have shown it in red color.
13:02But even if it is in green, it will still be an Evening
13:05Star pattern.
13:06Because this candle indicates indecision.
13:08And after this pattern is made, if our third candle is
13:11opened in the gap down, you can see that this candle was
13:15closed here.
13:16And the next candle is opened here.
13:19So there is a gap in between.
13:20So if the gap down opening is like this, and after that a
13:24big red candle is made, which is closed below 50% of the
13:28green color body.
13:30That is here.
13:31So this kind of candlestick pattern is called Evening Star
13:34candlestick pattern.
13:36And after this, there are chances of the price falling.
13:38Because this is a bearish pattern.
13:40Next candlestick patterns are 3 inside up and 3 inside down.
13:433 inside up is a bullish candlestick pattern which is made
13:46in downtrend.
13:47Here a red color candle is made first.
13:49A green color candle is made inside the red color body.
13:52You can see that its opening is here and its closing is
13:55here.
13:56And a green color candle is made inside its body.
13:59If you see these two candles, you will know that this is a
14:02bullish pattern.
14:03Along with this pattern, if a third candle is made, which
14:06gives a closing above the red candle, then you can
14:09understand that this is a 3 inside up pattern.
14:12And after this pattern, there are more chances that the
14:14market will increase.
14:16And with this, the volume should also be high for the
14:18confirmation.
14:19Its opposite candlestick pattern is 3 inside down.
14:22Here the market is in uptrend first.
14:24After that, a big green color candle is made.
14:26And after this green color candle is made, the next candle
14:29is made inside the green color body.
14:32You can see that it is made inside the body.
14:34And after this, if our third candle is made of a red color,
14:37and it gives a closing below our first candle, then these
14:41three candles are called 3 inside down patterns.
14:44And after this pattern, there are more chances that the
14:47market will fall.
14:48The next candlestick pattern is bullish and bearish
14:50abandoned BB.
14:51If we talk about bullish, then the market is in downtrend
14:53first.
14:54And after that, a red color candle is made.
14:57After this red color candle is made, the next candle has a
15:00gap down opening in the market.
15:03You can see that the opening of the closed market is here.
15:08I will also tell you how this candle is made after that.
15:11So here the candle opened.
15:13After that, let's say the market increased.
15:15And it went up to here.
15:16And it made its high.
15:17After that, the market came down.
15:19And it made its low.
15:20But what happens after this is that the market recovers
15:22again.
15:23And where it opened, it closes there.
15:27And the candle that is made in this way is called a doji
15:29candle.
15:30Now what happens after this candle is made, the opening of
15:33the next candle is up.
15:35You can see that it has opened here.
15:37Due to which a gap is made here.
15:39This is called a gap up.
15:41That is, here the gap is down opening.
15:43Here the gap is up opening.
15:45And after that, our third candle is made.
15:47If it is a green color candle, then it is also called a
15:49bullish abandoned BB.
15:51Because here you can assume that our second candle is below
15:54these two candles.
15:56Due to which there is a gap there.
15:58So it is being said that someone has left their child.
16:01So after making this pattern, if a green color candle is
16:04made next, then here you can be confirmed that there are
16:07chances of the market increasing.
16:09And this is called a bullish abandoned BB pattern.
16:11Its opposite is bearish abandoned BB.
16:14In which the market is in uptrend first.
16:16After that, the first candle is made.
16:18That is a green color candle.
16:19After which there is a gap up opening in the market.
16:21And after that, this becomes a doji candle.
16:23After making this candle, there is a gap down opening in
16:25the market.
16:26And after that, our third candle is made.
16:28That is a red color candle.
16:30So when this pattern is made, then you can understand that
16:32our bearish abandoned BB pattern is made.
16:35And after this, our next candle is also a red color candle.
16:39So here you can be confirmed that there are chances of the
16:42market falling.
16:43The next scandalistic pattern is bullish three-line strike
16:45and bearish three-line strike.
16:47This is a trend continuation pattern.
16:49So here in the case of bullish, the market is in uptrend
16:52first.
16:53And after that, you get to see three big green color
16:55candles.
16:56After making these three candles, our fourth candle, its
17:00opening is above our third candle.
17:03That is here.
17:04But its closing is below our first candle.
17:09Due to which our red candle covers all three candles.
17:13Now if you look here, you get to see two types of patterns.
17:17One is the pattern of three white soldiers.
17:20Along with this, if you look at these two patterns, then
17:22here we also get to see bearish engulfing pattern.
17:25So if you look like this, then you will have a lot of
17:28confusion.
17:29But I told you that this is a trend continuation pattern.
17:31So if the market is increasing from the beginning, and
17:33after that, this pattern is made.
17:35But in this bullish three-line strike pattern, the candle
17:38that is made after this, there is a gap up opening.
17:41That is, this candle is closed here.
17:43While the next candle is opened here.
17:46And its closing is above this red candle.
17:51So in this case, you can assume that the market was
17:54increasing now, so there are chances of increasing further.
17:58While its opposite candlestick pattern is bearish
18:00three-line strike.
18:02Here the market is in downtrend first.
18:04And after that, three big red candles are made.
18:07After these three red candles are made, the opening of our
18:10fourth candle is below.
18:12You can see that its closing was here.
18:15The opening of its next candle is below.
18:17That is, there is a gap down opening here.
18:19But after this, the market starts increasing.
18:22And while increasing, our first candle, goes above it, that
18:25is, it gives a closing here.
18:27So this is our bearish three-line strike pattern, which
18:30will confuse you.
18:31But after this, assume that there is a gap down opening in
18:34the market.
18:35That is, the market opened here.
18:37And its next candle, gives a closing below our green candle.
18:41So here you can assume that the market was in downtrend
18:44first.
18:45And still, that trend will continue.
18:47And the market will continue to fall.
18:48The next candlestick pattern is bullish and bearish kicker.
18:51First of all, let's talk about the bullish kicker pattern.
18:53Here the market is in downtrend first.
18:55And after that, a big red candle is made.
18:57Now what happens after this red candle is made?
19:00This candle was opened here.
19:02It was closed here.
19:03But after this, our next candle should be a green candle.
19:07And there should be a gap in its opening.
19:09You can see that this candle is closed here.
19:12Assume that it is closed at Rs.100.
19:14But the next candle that is opened, is opened here.
19:17Now it is possible that it is opened at Rs.110.
19:20So here you can see a gap of Rs.10.
19:22So this means that there is a gap up opening here.
19:25And after the gap up opening, this becomes a big green
19:28candle.
19:29So this is called a bullish kicker pattern.
19:31Because here you can understand that this candle has kicked
19:34it up.
19:35So after this pattern is made, there are chances of price
19:37increasing.
19:38Its just opposite candlestick pattern is bearish kicker.
19:41In which the market is in uptrend.
19:43And after that, a big green candle is made.
19:45Its opening was here.
19:47But its closing was here.
19:49But after closing here, the next candle that is opened,
19:52there is a lot of gap down opening.
19:55You can see that this candle is opened here.
19:57And here it is closed.
19:59So here you can see
20:00We can see a big gap here.
20:02Looking at this gap, it seems that this green candle has
20:05kicked it down.
20:06So if the closing of the third red candle is below this
20:10green candle, then it is believed that the trend has
20:14reversed from here.
20:16And now there are chances of the market falling.
20:18That's why it is called bearish kicker pattern.
20:21Now our next scandalistic pattern is rising and falling
20:23three methods.
20:24First of all, let's talk about the rising three methods.
20:26So this is a bullish continuation pattern.
20:28That is, the market is rising before this pattern.
20:31After that, a big green candle is formed.
20:33After the formation of a green candle, a red candle is
20:36formed.
20:37After that red candle, the next red candle is formed, which
20:40gives the closing below this candle.
20:43Then after that, our candle is also a red candle, which
20:46gives the closing below the previous candle.
20:49But after this, our next candle is a bullish candle, whose
20:53opening is around the closing of the third candle.
20:58But the closing of this candle is above our first green
21:03candle.
21:04You can see that the high of this candle is here.
21:07And the next candle is closed here.
21:10So when this kind of pattern is formed, then it is believed
21:13that the market was rising before, and there are still
21:16chances of the market rising.
21:18Its opposite is the falling three methods, which is a
21:20bearish continuation pattern.
21:22That is, the market was falling before this.
21:24After that, a big red candle is formed.
21:26After this red candle, a green candle is formed.
21:29After this green candle, the next green candle is formed,
21:31which gives the closing above this candle.
21:34After that, the third candle is also a green candle, which
21:36gives the closing above this green candle.
21:39And after this, our fourth candle is formed.
21:42Its opening is around our third candle.
21:46But its closing is below our first candle.
21:51So you can see that the low of this candle is here.
21:54And its closing is here.
21:58So if this kind of pattern is formed, then it is believed
22:00that the market was falling before, and there are still
22:03chances of the market falling.
22:05So we have covered almost all the important candlestick
22:08patterns.
22:09If you want to know about all of them in detail, then we
22:11have already made a video for that, whose link you will get
22:14in the description.
22:15If you want us to make a video on this kind of chart
22:17patterns, then do write the chart patterns and comment.
22:21If you want to open a best and free Demat account for
22:23yourself, then the link is given in the description.
22:26And if you want to know about candlestick patterns in
22:28detail, then you can watch this playlist.
22:31Thank you.

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This page contains the full transcript of 30 Candlestick Patterns in 20 MINUTES! | Candlestick Pattern Hindi in Technical Analysis in trading by Neeraj joshi, generated from the public captions YouTube serves with the video. The transcript has 4,256 words across 545 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

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