{"id":2100,"date":"2026-09-18T07:24:44","date_gmt":"2026-09-18T07:24:44","guid":{"rendered":"https:\/\/entri.app\/explore\/?post_type=curriculum&#038;p=2100"},"modified":"2026-09-22T09:17:13","modified_gmt":"2026-09-22T09:17:13","slug":"types-of-candlestick-patterns","status":"publish","type":"curriculum","link":"https:\/\/entri.app\/explore\/stock-market\/types-of-candlestick-patterns\/","title":{"rendered":"Types of Candlestick Patterns"},"content":{"rendered":"<p>Candlestick patterns help traders understand the price movement and market sentiment at a glance. Each candlestick shows four prices for a chosen time period. They are open, high, low, and close \u2014 and the shape of the candlestick can hint at whether buyers or sellers are in control. F<\/p>\n<p>or Indian traders following stocks on the NSE or BSE, learning to read these patterns is a useful first step in technical analysis.<\/p>\n<h2><strong>Indications of a Candlestick<\/strong><\/h2>\n<p>There are two parts to a single candlestick:<\/p>\n<ul>\n<li><strong>Body<\/strong> \u2013 the thick part, showing the range between the opening and closing price<\/li>\n<li><strong>Wick (or shadow)<\/strong> \u2013 the thin lines above and below the body, showing the highest and lowest price reached<\/li>\n<\/ul>\n<p>A green (or white) candle generally means the closing price was higher than the opening price. On the other hand, a red (or black) candle means the closing price was lower than the opening price.<\/p>\n<h2><strong>Single Candlestick Patterns<\/strong><\/h2>\n<p>These patterns form using just one candle and are easy to spot on a chart.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Pattern<\/strong><\/td>\n<td><strong>How It Looks<\/strong><\/td>\n<td><strong>What It Suggests<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Doji<\/td>\n<td>Very small or no body, long wicks<\/td>\n<td>Indecision in the market<\/td>\n<\/tr>\n<tr>\n<td>Hammer<\/td>\n<td>Small body at top, long lower wick<\/td>\n<td>Possible reversal after a downtrend<\/td>\n<\/tr>\n<tr>\n<td>Inverted Hammer<\/td>\n<td>Small body at bottom, long upper wick<\/td>\n<td>Possible reversal after a downtrend<\/td>\n<\/tr>\n<tr>\n<td>Shooting Star<\/td>\n<td>Small body at bottom, long upper wick, appears after uptrend<\/td>\n<td>Possible reversal after an uptrend<\/td>\n<\/tr>\n<tr>\n<td>Spinning Top<\/td>\n<td>Small body, wicks on both sides<\/td>\n<td>Weak momentum, indecision<\/td>\n<\/tr>\n<tr>\n<td>Marubozu<\/td>\n<td>Full body, little to no wick<\/td>\n<td>Strong buying or selling pressure<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Double Candlestick Patterns<\/strong><\/h2>\n<p>These patterns need two consecutive candles to complete.<\/p>\n<ul>\n<li><strong>Bullish Engulfing<\/strong> \u2013 A small red candle followed by a larger green candle that fully covers it. Suggests buyers have taken over after a downtrend.<\/li>\n<li><strong>Bearish Engulfing<\/strong> \u2013 A small green candle followed by a larger red candle that fully covers it. Suggests sellers have taken over after an uptrend.<\/li>\n<li><strong>Tweezer Top<\/strong> \u2013 Two candles with matching highs, signaling a possible top and reversal.<\/li>\n<li><strong>Tweezer Bottom<\/strong> \u2013 Two candles with matching lows, signaling a possible bottom and reversal.<\/li>\n<li><strong>Piercing Line<\/strong> \u2013 A red candle followed by a green candle that closes above the midpoint of the red candle&#8217;s body. A mild bullish signal.<\/li>\n<li><strong>Dark Cloud Cover<\/strong> \u2013 A green candle followed by a red candle that closes below the midpoint of the green candle&#8217;s body. A mild bearish signal.<\/li>\n<\/ul>\n<h2><strong>Triple Candlestick Patterns<\/strong><\/h2>\n<p>These patterns take shape over three candles and are considered stronger signals.<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Pattern\u00a0<\/strong><\/td>\n<td><strong>Formation\u00a0<\/strong><\/td>\n<td><strong>Signal\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Morning Star<\/td>\n<td>Long red candle, small candle, long green candle<\/td>\n<td>Bullish reversal<\/td>\n<\/tr>\n<tr>\n<td>Evening Star<\/td>\n<td>Long green candle, small candle, long red candle<\/td>\n<td>Bearish reversal<\/td>\n<\/tr>\n<tr>\n<td>Three White Soldiers<\/td>\n<td>Three consecutive long green candles<\/td>\n<td>Strong bullish trend<\/td>\n<\/tr>\n<tr>\n<td>Three Black Crows<\/td>\n<td>Three consecutive long red candles<\/td>\n<td>Strong bearish trend<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Why These Patterns Matter for Indian Traders<\/strong><\/h2>\n<p>In Indian markets, be it Nifty, Bank Nifty, or individual stocks, there\u2019s plenty of volatility everyday. Candlestick patterns are widely used because:<\/p>\n<ul>\n<li>They are simple to identify visually, even for beginners<\/li>\n<li>They work across timeframes \u2014 from 5-minute intraday charts to weekly charts<\/li>\n<li>They give an early hint of possible trend reversals or continuations<\/li>\n<li>They can be combined with volume and other indicators for better accuracy<\/li>\n<\/ul>\n<h2><strong>4 Important Points to Remember<\/strong><\/h2>\n<p>There is no single candlestick pattern that guarantees a price move. It&#8217;s always best to:<\/p>\n<ul>\n<li>Confirm patterns with the next candle&#8217;s movement<\/li>\n<li>Combine patterns with support\/resistance levels<\/li>\n<li>Use them alongside indicators like moving averages or RSI<\/li>\n<li>Avoid trading on pattern signals alone, especially with high leverage<\/li>\n<\/ul>\n<h2><strong>Conclusion<\/strong><\/h2>\n<p>By understanding candlestick patterns, traders get access to a visual language to interpret market behavior. Be it a beginner exploring intraday trading or someone building a long-term investing habit, recognizing these formations can add real value to a person\u2019s trading decisions.<\/p>\n<p>It is to be noted that candlestick patterns work best when combined with other tools. Hence, treat them as one part of a broader strategy rather than the sole basis for decisions.<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\">\n<p style=\"text-align: center;\"><b>Also Read<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/explore\/stock-market\/types-of-market-structure\/\" target=\"_blank\" rel=\"noopener\"><b>Types of Market Structure\u00a0<\/b><\/a><\/td>\n<td>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/explore\/stock-market\/support-and-resistance\/\" target=\"_blank\" rel=\"noopener\"><b>Support and Resistance<\/b><\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/explore\/stock-market\/how-to-buy-and-sell-shares\/\" target=\"_blank\" rel=\"noopener\"><b>How to Buy and Sell Shares\u00a0<\/b><\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/explore\/stock-market\/what-is-leverage-and-margin-trading\/\" target=\"_blank\" rel=\"noopener\"><b>What is Leverage and Margin Trading<\/b><\/a><\/td>\n<td>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.app\/explore\/stock-market\/intraday-stock-selection-strategy\/\" target=\"_blank\" rel=\"noopener\"><b>Intraday Stock Selection Strategy<\/b><\/a><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Candlestick patterns help traders understand the price movement and market sentiment at a glance. Each candlestick shows four prices for a chosen time period. They are open, high, low, and close \u2014 and the shape of the candlestick can hint at whether buyers or sellers are in control. F or Indian traders following stocks on [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"template":"","meta":{"_acf_changed":false},"curriculum-category":[111,112,135],"custom_linking_tags":[],"class_list":["post-2100","curriculum","type-curriculum","status-publish","hentry","curriculum-category-stock-market","curriculum-category-stock-market-tutorials","curriculum-category-basics-of-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Types of Candlestick Patterns<\/title>\n<meta name=\"description\" content=\"Hearing a lot of people mention candlesticks in stock market? 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