"Investing in Gold: A Comprehensive Guide to India's Obsession."
Gold has been an essential asset for centuries, with cultural and historical significance and practical investment potential.
Sritam Prusty
Hammer, Hanging Man & Shooting Star Candlestick Patterns
Hammer, hanging man, and shooting star are all single candle stick patterns.
Engulfing Candlestick Pattern
The engulfing patterns are the first patterns that consist of multiple candlesticks. This pattern consists of two candlesticks, with the second candlestick completely engulfing the first one.
DOJI Candlestick Pattern
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.
Spinning Top Candlestick Pattern
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.
Marubozu Candle
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.
Bollinger Bands
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