Analysis on the effectiveness of candlestick patterns
Credit | 2020
Candlestick charts are one of the important charting techniques used in technical analysis. Technical analysis is a security analysis discipline for forecasting the future direction of prices through the study of past market data, primarily price and volume. This study will also include a few technical indicators such as RSI ,SMA and MACD, and the possibilities of the candlesticks and these indicators pointing to the similar outcomes and their actual outcomes are calculated. This study will be conducted based on the past years of the Nifty index.