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Monday, June 14, 2021

Three inside up candlestick - How to trade | trading analysis

 

Three inside up candlesticks pattern
Three inside up candlesticks pattern

Hello traders,  welcome to tradersgrip. Today I will share in detail about the Bullish Three Inside Up candlestick pattern . First two candles of this pattern is bullish harami .  This is a bullish candlesticks pattern. It means now the bearishness in the market is over and the uptrend is about to begin.

Structure of  Three inside up pattern ? complete trading analysis

Structure of three inside up
Structure of three inside up


* Three inside up candlesticks pattern consists of three candles. The first candle is long Bearish. It is of red colour.

* The second candle is a small bullish candle. It is of green colour.

* First and  second candle are in form of bullish harami pattern . ie. The second  small candle should be between the open and close prices of the first candle.

  * Third candle opens between the second candle and closes above the high price of first candlestick. Third candle is long bullish.

  * High of third candle is high of pattern and low of first candle is low of pattern. We will use this concept in trading analysis.

 

Where is it formed ?

three inside up at bottom of chart
three inside up at bottom of chart


* It is always formed after a long downtrend  in the chart. It is formed at the Bottom of the trading chart. After the formation of this pattern, the possibility of bearishness in the market ends. Buying after getting the confirmation will definitely be beneficial.

* It forms easily  in every type of market  such as Indian stock market, commodity market, foreign market etc.

* It appears in intraday charts, daily charts, weekly charts and monthly charts. In these  charts  it works very well.

Where to use it?

* If you are trading in intraday then watch it in 5 minute and 15 minute time frame.

* If you do positional trading then see it in daily chart and monthly chart.

How to use three inside up in trading ?

traded place in three inside up
traded place in three inside up


* Suppose this technical pattern is formed in the technical chart. If the new candle is opened gap-up from third candle of this pattern then you have to buy in the market.

* Buy only if the new candle closes above the high of this pattern. This is very necessary.

* The stop-loss is to be placed below the low price of this pattern.

Trading analysis in technical chart.

three inside up in trading chart
three inside up in trading chart 


* Three inside up pattern in trading  chart is formed after a long downtrend and the volume of the third candle is more than that of the first candle of this pattern.

volume in inside up
volume in inside up

* Buy when the new candle closes above the high of this pattern.

* Put a stop-loss at the bottom of this pattern.

When to book profit?

* Until a trend reversal  bearish signal is received.

important Point

* In this pattern the second candle should be lie completely in the body of the first candle.

* Third candle should open somewhere between the body of second candle.

* After the formation of this pattern, one should not buy until the market price crosses its high.

Friday, June 11, 2021

Morning doji star - How to use | Complete Technical Analysis

 

Morning doji star - How to use
Morning doji star

Hello traders,  welcome to tradersgrip . Today I will discuss  in detail about the Morning doji star  candlestick pattern. This is a highly reliable Reversal bullish candlesticks pattern in technical analysis . It means now the bearishness in the market is over and the uptrend is about to begin.

Technical Analysis of  Morning Doji Star candlestick 

Structure of  Morning Doji Star
Structure of  Morning Doji Star


* The Morning Doji Star candlesticks pattern consists of three candles. The first candle is  Long Bearish or Marubozu  . It is of red colour.

* The second candle is small  doji  . It is form of plus sign .

* The third  candle is  Long bullish  or Marubozu candlestick . It is of green colour.

*  Doji candle lies below the close price of first candle .

 * Third candle open  gapped up from doji  candle and it closes between mid price and open price of  first candle.

* The high of the first candle is  high of this pattern. And low of doji  is called low of  this pattern.

Where is Morning Doji Star formed ?

Formation of Morning doji star
Formation of Morning doji star


* Morning Doji Star is always formed after a long downtrend  in the chart. It is formed at the Bottom of the chart. After the formation of this pattern, the possibility of bearishness in the market ends. Buying after getting the confirmation will definitely be beneficial.

* Morning Doji Star candle  forms  in every type of market  such as Indian stock market, commodity market, foreign market etc.

* It appears in intraday charts, daily charts, weekly charts and monthly charts. In daily  charts  it works very well.

Where to use it ?

* If you are trading in intraday then watch it in 5 minute ,15 minute and hourly time frame. But it gives good result in hourly time period.

* If you do positional trading then see it in daily chart and monthly chart.

How to use Morning Doji Star Candlestick Pattern ?

Morning doji star - how to use
Morning doji star - how to use


* Buy only if the new candle closes above the high of this pattern. This is very necessary.

* Volume of doji must be higher than that of first candle. And volume of third candle must be higher than doji  candle.  It indicate that signal is more powerful.

* The stop-loss is to be placed below the low price of this pattern.

Let us understand this in the chart.

Morning doji star in chart
Morning doji star in chart


* The Morning Doji Star candle in this chart is formed after a long downtrend and the volume of the candles  must be in increasing order in this pattern.

* Buy when the new candle closes above the high of this pattern.

* The  new candle in this chart has closed above this pattern. This is the right time to trade.

* Put a stop-loss at the bottom of this pattern.

Important Point In trading  analysis  .

*  Doji  lies below the close price of first candle .

 * Third candle open  gapped up from doji  and it closes between mid price and open price of  first candle.

* After the formation of this pattern, one should not buy until the market price crosses its high.

* Volume of second candle must be higher than that of first candle.


Thursday, June 10, 2021

Morning Star candlestick - How do you trade | Trading Analysis

 

Morning Star candlestick pattern
Morning Star candlestick 

Hello traders,  welcome to tradersgrip . Today I will discuss  in detail about the Morning Star candlestick pattern. This is a highly reliable Reversal bullish candlesticks pattern. It means now the bearishness in the market is over and the uptrend is about to begin.

Technical Analysis of Morning Star  candlestick  


Formation of morning star
Formation of morning star

* The Morning Star candlesticks pattern consists of three candles. The first candle is  Long Bearish or Marubozu  . It is of red colour.

* Body of  second candle is  very small  bullish  or bearish candlestick . It is of green or red colour.

* The third  candle is  Long bullish  or Marubozu candlestick . It is of green colour.

*  Body of second candle lies below the close price of first candle .

 * Third candle open  gapped up from body of second candle and it closes between mid price and open price of  first candle.

* The high of the first candle is  high of this pattern. And low of second candle is called low of  this pattern.

Where is it formed ?

* It is always formed after a long downtrend  in the chart. It is formed at the Bottom of the chart. After the formation of this pattern, the possibility of bearishness in the market ends. Buying after getting the confirmation will definitely be beneficial.

* It forms  in every type of market  such as Indian stock market, commodity market, foreign market etc.

* It appears in intraday charts, daily charts, weekly charts and monthly charts. In daily  charts  it works very well.

Where to use Morning star candle ?

* If you are trading in intraday then watch it in 5 minute ,15 minute and hourly time frame. But it gives good result in hourly time period.

* If you do positional trading then see it in daily chart and monthly chart.

Correct entry point for a morning star formation?

How to buy in morning star
How to buy in morning star candle

* Buy only if the new candle crosses  the high of this pattern. This is very necessary.

volume in morning star
volume in morning star

* Volume of second candle must be higher than that of first candle. And volume of third candle must be higher than second candle.  It indicate that signal is more powerful.

* The stop-loss is to be placed below the low price of this pattern.

Let us understand Morning star candle in the chart.

Morning star in chart
Morning star in chart

* The Morning Star pattern in this chart is formed after a long downtrend and the volume of the candles  is more than that of the previous candle of this pattern.

* Buy when the new candle crosses the high of this pattern.

* Put a stop-loss at the bottom of this pattern.

When to book profit?

* Until a trend changing signal is received.

important Point

*  In Morning Star Pattern second candle lies below the close price of first candle .

 * Third candle open  gapped up from second candle and it closes between mid price and open price of  first candle.

* After the formation of this pattern, one should not buy until the market price crosses its high.

* Volume of second candle must be higher than that of first candle.

Piercing Line candlesticks - powerful trading analysis

 

Piercing Line candlesticks pattern
Piercing Line candlesticks pattern

Hello traders,  welcome to tradersgrip . Today I will discuss  in detail about the Bullish Piercing Line candlestick pattern. This is a highly reliable Reversal bullish candlesticks pattern. It means now the bearishness in the market is over and the uptrend is about to begin.

Technical analysis of Bullish Piercing Line candlestick  

Piercing Line candlesticks pattern formation
Formation

* The Bullish Piercing Line candlesticks pattern consists of two candles. The first candle is  Long Bearish or Marubozu  . It is of red colour.

* The second candle is  Long bullish  or Marubozu candlestick . It is of green colour.

* The second candle should open below the low price of first candle  . ie. The second candle  open gapped down the first candle .

* Second candle should close between open  price and middle price of first candle.

* The high of the first candle is  high of this pattern. And low of second candle is called low of  this pattern.

Where is Piercing Line candle formed ?

Piercing Line candlesticks
formation of piercing line candle

* It is always formed after a long downtrend  in the chart. It is formed at the Bottom of the chart. After the formation of this pattern, the possibility of bearishness in the market ends. Buying after getting the confirmation will definitely be beneficial.

* It forms  in every type of market  such as Indian stock market, commodity market, foreign market etc.

* It appears in intraday charts, daily charts, weekly charts and monthly charts. In daily  charts  it works very well.

Where to use it ?

* If you are trading in intraday then watch it in 5 minute ,15 minute and hourly time frame. But it gives good result in hourly time period.

* If you do positional trading then see it in daily chart and monthly chart.

How to use it?

How to use piercing line
How to use piercing line

* Suppose this pattern is formed in the chart. If the new candle is opened gap-up from this pattern then you have to buy in the market.

* Buy only if the new candle closes above the high of this pattern. This is very necessary.

* Volume of second candle must be higher than that of first candle. It indicate that signal is more powerful.

* The stop-loss is to be placed below the low price of this pattern.

Let us understand this in the chart.

piercing line in chart
piercing line in chart

* The Bullish Piercing Line  pattern in this chart is formed after a long downtrend and the volume of the second candle is more than that of the first candle of this pattern.

* Buy when the new candle closes above the high of this pattern.

* The  new candle in this chart has closed above this pattern. This is the right time to trade.

* Put a stop-loss at the bottom of this pattern.

When to book profit?

* Until a trend changing signal is received.

important Point

* In Piercing Line candlestick pattern open price of second  candle should lie below low price of first  candle .

* After the formation of this pattern, one should not buy until the market price crosses its high.

* Volume of second candle must be higher than that of first candle.

Sunday, June 6, 2021

Tweezer Bottom candlestick - Complete trading analysis

 

Twizzer bottom analysis
Importance of Twizzer Bottom Candle

Hello traders,  welcome to my blog. Today I will discuss  in detail about the Bullish Tweezer Bottom candlestick pattern. This is a highly reliable Trend reversal bullish candlesticks pattern. It means now the bearishness in the market is over and the uptrend is about to begin.


Technical Analysis of  Tweezer Bottom candlestick 


formation of twizzer bottom
Tweezer Bottom Candle Formation

* The Tweezer Bottom candlesticks pattern consists of two candles. The first candle is  Bearish or Marubozu  . It is of red colour.

* The second candle is  bullish   or Marubozu candlestick . It is of green colour.

* Low prices of both candles must be equal.

* The high of the first or second candle is  high of this pattern. And low of first or second candle is called low of  this pattern.

Where is Tweezer Bottom Candle formed ?

* It is always formed after a long downtrend  in the chart. It is formed at the Bottom of the chart. After the formation of this pattern, the possibility of bearishness in the market ends. Buying after getting the confirmation will definitely be beneficial.

* It forms  in every type of market  such as Indian stock market, commodity market, foreign market etc.

* It appears in intraday charts, daily charts, weekly charts and monthly charts. In these  charts  it works very well.

Where to use it?

* If you are trading in intraday then watch it in 5 minute ,15 minute and hourly time frame. But it gives good result in hourly time period.

* If you do positional trading then see it in daily chart and monthly chart.


How to use it?

buying confirmation
how to use twizzer bottom

* Suppose this pattern is formed in the chart. If the new candle is opened gap-up from second candle of this pattern then you have to buy in the market. or

* Buy only if the new candle closes above the high of this pattern. This is very necessary.

* Volume of second candle must be higher than that of first candle. It indicate that signal is more powerful. Some times it does not depend on volume.

* The stop-loss is to be placed below the low price of this pattern.

Let us understand this in the chart.

twizzer bottom in chart
Intraday Chart view

* The Bullish Tweezer Bottom pattern in this chart is formed after a long downtrend .

* Buy when the new candle closes above the high of this pattern.

* The  new candle in this chart has closed above this pattern. This is the right time to trade.

* Put a stop-loss at the bottom of this pattern.

When to book profit?

* Until a trend changing signal is received.

important Point

* In Tweezer Bottom pattern low  ends  of first and second  candle lie on same level  .

* First Candle is  bearish or marubozu . second candle is bullish or marubozu.

* After the formation of this pattern, one should not buy until the market price crosses its high.

* Volume of second candle must be higher than that of first candle.


Saturday, June 5, 2021

Bullish Tasuki Line candlesticks - Complete Technical Analysis

Bullish tasuki line
Tasuki Line Technical analysis

Hello traders,  welcome to my blog. Today I will discuss  in detail about the Bullish Tasuki Line candlestick pattern. In Technical Analysis this is a highly reliable bullish candlesticks pattern. It means now the bearishness in the market is over and the uptrend is about to begin.

Technical analysis of Bullish Tasuki Line candlestick  

Formation of tasuki line
structure of bullish tasuki line

* The Bullish Tasuki Line candlesticks pattern consists of two candles. The first candle is  Long Bearish or Marubozu  . It is of red colour.

* The second candle is  Long bullish  or Marubozu candlestick . It is of green colour.

* The second candle should open gapped  up . ie. The second candle’s  open price lie between body of first candle.

* Second candle should close above the high price of first candle.

* The high of the second candle is  high of this pattern. And low of first candle is called low of  this pattern.

Where is Tasuki Line formed ?

tasuki line buying confirmation
Tasuki line candle formation
* It is always formed after a long downtrend  in the chart. It is formed at the Bottom of the chart. After the formation of this pattern, the possibility of bearishness in the market ends. Buying after getting the confirmation will definitely be beneficial.

* It forms  in every type of market  such as Indian stock market, commodity market, foreign market etc.

* It appears in intraday charts, daily charts, weekly charts and monthly charts. In these  charts  it works very well.

Where to use it?

* If you are trading in intraday then watch it in 5 minute ,15 minute and hourly time frame. But it gives good result in hourly time period.

* If you do positional trading then see it in daily chart and monthly chart.

How to use Bullish Tasuki Line ?

use of tasuki line

* Suppose this pattern is formed in the chart. If the new candle is opened gap-up from this pattern then you have to buy in the market.

* Buy only if the new candle closes above the high of this pattern. This is very necessary.

* Volume of second candle must be higher than that of first candle. It indicate that signal is more powerful.

volume of tasuki line
* The stop-loss is to be placed below the low price of this pattern.

Let us understand this in the chart.

Tasuki line in chart
Tasuki line in chart

* The Bullish Tasuki Line  pattern in this chart is formed after a long downtrend and the volume of the second candle is more than that of the first candle of this pattern.

* Buy when the new candle closes above the high of this pattern.

* The  new candle in this chart has closed above this pattern. This is the right time to trade.

* Put a stop-loss at the bottom of this pattern.

When to book profit?

* Until a trend changing signal is received.

Important Point

* In Tasuki line candlestick pattern open price of second  candle should lie between first candle .

* First Candle is long bearish or marubozu .

* After the formation of this pattern, one should not buy until the market price crosses its high.

* Volume of second candle must be higher than that of first candle.