So in the last module, you are going to learn some indecision, candlestick patterns, you learn how
to identify them and how to treat them properly.
Now, we've seen all those patterns which are either bullish or bearish ones, but there are some IndusInd
candlestick patterns that are neither bullish nor bearish.
So in this case, what to do and how to trade them?
Let's see.
First of all, let's understand what is an this candlestick pattern.
I've already explained this to you in the model of reading the Candle.
But here we will have a quick recap and see how you can read them.
So in this see patterns are those patterns, who's open and close is almost at the same time, or there
is a very small difference between open and closed.
So here, let's take an example of this.
This is spinning top wherein you have open and close almost at the same point and you have long shadows.
What does it indicate?
This indicates indecision.
This indicates that nobody won the battle on that particular day, isn't it?
So but it indicates that buyers and sellers, they were very active during the day.
There was a fight tussle between buyers and sellers to try to push market up sellers try to push market
down.
But ultimately, they agreed to this price at the end of the particular day.
This is the meaning of indecision, CANDU.
So talking about more about indecent candles, what they mean is this one, they indicate equal buying
and selling pressure on either side of the market.
It is a sign of indecisiveness.
There is no decision at the end of the day.
No, no clear cut winner on that particular day.
You can say it's a draw or it's a tie.
In this case, the body is relatively small and centered within the range.
It should ideally be at the center of the range.
If it is at the center, then it's you can see perfect indecision.
Kendall, if it is at the extremes, say, for example, if it is here or if it is here, then it cannot
be called as an indecent candle.
Here we have long shadows.
Sometimes it can be short shadows as well of equal length.
It indicates that bulls and bears were highly active during the trading session, heavily competing
against each other, of course, when you have long shadows, then you can say there was a tight tussle
and both of them were active.
But there are some patterns in which you have a small body, a small shadow.
In this case, we cannot see this.
You can see that they were inactive during the day and there was no clear cut winner.
But when you talk about this, can you can say that bulls and bears were highly active because there
are long shadows.
We'll see a few more in these candles and then we will see how you can treat them.
Let's see you in the next video.
So you can see a few types of invisible candles.
These these are called spinning tops.
Spinning tops have.
Small body, you can see, but when we talk about long legs, they do not have a body at all, so very
open and close is the same point.
But in this case, open and close are close to each other in case of long leg to open and close or same.
Having long shadows, then you have Dragonfly, which we are seen, in which open, high and close is
at the same point, and you have a long, lower shadow making love.
Here we have Greyston dodgy wearing.
Open, Lou, and closes at the same point, and high is where you have a long shadow.
This is called strategy, which has a non-existent body and a small smoldering.
So the very small range you can compare this with, this has large range, long range as compared to
this.
And in the end, we have four point thirty four point dorji is where open, high, low and close they
are seen.
So you must be wondering how how this is possible, how it's possible that open, high, low and close
are the same.
But that is quite possible and that is normally possible in inactive stocks, those stocks in which
hardly any trading happens.
In that case, you will find out 4.0 dodgy.
Let's let's go to the chart and see if we can find out from 4.0.
You will most probably find it on U.S. bank.
Do you find.
Here we have a dodgy to start, dodgy, isn't it?
This is a see, for example, the slogan Estado.
This is again, is you can see gravestone dodgy, so you will find love, Dodi's in the market.
See, this is again, a dragonfly dodgy.
See here, this is called as a four point dorji.
Wearing open, high, low and close passing, this is and this this one has been so we have to four
point doges, so we have to stay away from this stock, how we should treat them first, less and easier
to stay away from such stocks because you may not get buyers or sellers to trade it with.
You will find it very difficult to exit from such stocks.
Therefore, you have to stay away from those stocks, which which has four point dodgiest like these
back and talk about other buttons.
I will tell you in the next video how you can analyze and trade such candles.