Shooting star Candlestick Pattern, Trading Strategy

Shooting star Candlestick Pattern, Trading Strategy

Shooting Star Candlestick,Introduction. Shooting Star Candlestick share market mein aik aham term hai jo technical analysis mein istemal hota hai. Yeh aik candlestick pattern hai jo aam taur par uptrend ya bullish trend ke baad dikhai deta hai. Is pattern ko candlestick charts par dekha jata hai, jahan har candlestick aik particular time period ki trading activity ko darust tareeqay se darshata hai.Shooting star Candlestick stock market ya forex trading mein price movements ko visualize karne ke liye istemal hota hai. Is chart mein har candlestick, stock ya currency pair ki opening, closing, high aur low prices ko darust tareeqay se represent karta hai. Candlestick chart mein har candlestick aik mombati jaisi dikhai deti hai jis mein oopar ki taraf lambi si ek line hoti hai (shadow ya wick) aur neechay ki taraf chhoti si ek line (body) hoti hai. Uptrend. Uptrend ya uper ki manzil, jab kisi stock ya currency pair ki price mein constant aur continuous izafa hota hai, tab hota hai. Yeh bullish market sentiment ko darshata hai aur investors ko yeh indication deta hai ke asset ki qeemat mazeed barhne ki sambhavna hai. Shooting Star Candlestick Pattern. Shooting Star Candlestick, ek aesa pattern hai jo uptrend ke baad market ke reversal ka signal deta hai. Yeh pattern tab ban jata hai jab candlestick chart par aik lambi upper shadow ya wick hoti hai, jo price ko upar dekhne ka zahir karta hai. Iske saath saath, candlestick ki body chhoti hoti hai jo kehlati hai "Star" aur iske neechay ki taraf bhi koi ya kam shadows hoti hain. Interpretation of Pattern. Shooting Star Candlestick ki interpretation aam taur par bearish hoti hai, yaani ke market ke neeche jane ka zahir signal hai. Iska matlab hai ke uptrend ke baad ab market ki bullish trend khatam ho rahi hai aur ab market ki taraf se downward pressure barh rahi hai. Is pattern ko dekh kar investors sell ya short position lena shuru kar dete hain.

Trading Strategy at Shooting star Candlestick Pattern.

Shooting Star Candlestick ka sahi tareeqay se istemal karne ke liye, traders ko kuch points ko dhyan mein rakhna zaroori hai. Yeh pattern tabhi effective hota hai jab isko confirm karne ke liye dusri technical indicators aur price patterns ka istemal kiya jata hai. Traders is pattern ko RSI (Relative Strength Index) aur Moving Averages jaise tools ke saath mila kar istemal karte hain. Agar dusri indicators bhi downtrend ke support karte hain, toh Shooting Star Candlestick ki validity aur strong ho jati hai.