International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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GAUGING THE RELIABILITY OF JAPANESE CANDLESTICK PATTERNS

    3 Author(s):  ANTONY BABU, HARIKRISHNA, MATHEW SUBHASH

Vol -  9, Issue- 1 ,         Page(s) : 273 - 281  (2018 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Investing is one of the most crucial decisions that every earning individual has to make at one point of their time. Candlestick charts are most often used in technical analysis of stocks and currency price patterns. This study is carried out from an Indian standpoint by observing companies listed in the National Stock Exchange across four industries- Banking, Automobile, Pharmaceutical and Information Technology. Share prices for the month of November 2017 were taken and patterns identified were taken into account. Our prediction is based on general behaviour after the occurrence of a certain candlestick pattern. Titled Gauging the reliability of Japanese Candlestick Patterns as an Effective Tool for Technical Analysis this paper aims to analyse the effectiveness of Japanese Candlestick Patterns.

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