Comment on Single Candlestick patterns (Part 1)

Karthik Rangappa commented on 01 Nov 2017, 11:04 AM

For short term – I’d suggest you look at 15 days chart. Volumes too needs to be high, especially around the pattern formation time. No candlestick pattern or indicator works on the same 2 stocks. For example, bullish engulfing along with RSI may work on SBI but may not on HDFC. The trick is to backtest and be aware of which pattern/indicator (has a better probability) works on which stock.

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