Trading strategy for Abandoned Baby Candlestick Pattern

Trading strategy for Abandoned Baby Candlestick Pattern

TRADING STRATEGY FOR ABANDONED BABY CANDLESTICK PATTERN

Introduction Abandoned Baby Candlestick Pattern aik famous technical analysis tool hai jo share market mein istemal hota hai. Is pattern ka istemal karte hue traders market ki trend reversal ke signals aur potential entry points identify karne ki koshish karte hain. Trading Strategy Abandoned Baby Candlestick Pattern ki trading strategy neechy btai jati hy. Step 1: Abandoned baby pattern ko samajhne ke liye, pehle candlestick analysis ke basic concepts ko samajhna zaroori hai. Candlestick charting technique mein, har candlestick ek time period (jaise 1 din, 1 ghanta, etc.) ka price action darshata hai. Har candlestick apni body aur apne wicks (ya shadows) se bana hota hai. Step 2: Abandoned baby pattern ki formation ke liye, pehli candle downtrend mein banani chahiye. Yani, price action ne neeche ki taraf move kiya hoga. Is candle ki body badi aur upper wick lambi honi chahiye. Step 3: Dusri candle, pehli candle se neeche open karna chahiye, jise gap kehte hain. Yeh candle pehli candle ki body ke andar ya near close ke neeche close hona chahiye. Iske wicks lambi ho sakti hain, lekin body kam se kam honi chahiye. Step 4: Tisri candle pehli aur dusri candle ke beech mein form hoti hai. Yeh candle dusri candle se neeche open karna chahiye, phir price action ne upar ki taraf move karna shuru kiya hai. Is candle ki body badi aur lower wick lambi honi chahiye. Step 5: Abandoned baby pattern ki confirmation ke liye, tisri candle ke close ke bad agle candle ka price action dekha jata hai. Agar price action upar ki taraf move karta hai, toh yeh pattern confirm ho jata hai. Step 6: Pattern ki confirmation ke baad, trader ko entry point aur stop loss level tay karna hota hai. Entry point ko tisri candle ke high se ek tick upar set kiya ja sakta hai. Stop loss level pehli candle ke low se ek tick neeche set kiya ja sakta hai. Step 7: Target level ko determine karne ke liye, trader ko previous resistance levels ya technical indicators ka istemal karna chahiye. Target level ko aise set karein, jahaan trader ko reasonable profit mil sake. Step 8: Har trade mein risk aur reward ka evaluation zaroori hai. Trader ko apne entry point se stop loss level tak ka risk aur entry point se target level tak ka reward calculate karna chahiye. Agar reward risk se zyada hai, toh trade ki entry ki ja sakti hai. Step 9: Hamesha risk management ka dhyan rakhein. Ek trader ki portfolio mein har trade ke liye limit set karni chahiye, jis se overall loss control mein rahe. Summary abandoned baby candlestick pattern traders ko market trends ke reversal points aur potential entry/exit points ke bare mein jankari deta hai. Ye ek popular technical analysis tool hai, lekin traders ko iske saath dusre indicators aur risk management ka bhi istemal karna chahiye.