Sritam Prusty

A ‘doji’ is a Japanese word that means ‘the same thing’. It's named in such a way because in technical analysis the opening price and the closing price are the same. The price at which the market opened for the period is the same as the price at which the market closed.

The spinning top candle stick pattern as the name suggests looks like a “top spinning.” It is an indecisive candle as it does not give a trader an expected price movement in the market but one can understand the sentiment hovering over the market.

The term “marubozu” is a Japanese word, where “maru” means “bald,” and “bozu” means “priest.” It is a strong single candle stick pattern if confirmed by the volume and it does not depend on prior trends.

A Bollinger Band consists of: The upper band which is the +2-standard deviation of the middle line. The middle line which is nothing but a 20-period simple moving average of the closing price. The lower band is the -2-standard deviation of the middle line

MACD is a momentum oscillator showing convergence and divergence between two Moving Averages. It consists of a MACD line, a Signal line/trigger line, and a histogram.