Often, it signals a bullish reversal but it highly depends on the price movement after the pattern formation. The fourth candle is used to confirm the price direction following the pattern.

A small bullish candle was formed on the daily chart with a long upper shadow. Technically, this pattern indicates an inability of bulls to sustain the upside bounce. Though the market declined in ...

The index closed way above its opening levels and formed a big bullish candle on the daily charts, indicating further positive mood at Dalal Street going ahead. That apart, there was a breakout of ...

The index formed a bullish candle on the daily charts. The index opened with marginal gains and rose to 13,366.65. It witnessed mild profit-taking which saw it slip to 13,241 but the bulls quickly ...