--- title: 'Candlestick Analysis | Candlestick Patterns in Hindi | Technical Analysis course | Stock Market' source: 'https://youtube.com/watch?v=lQpulkxLHe0' video_id: 'lQpulkxLHe0' date: 2026-07-28 duration_sec: 657 channel: 'Neeraj joshi' --- # Candlestick Analysis | Candlestick Patterns in Hindi | Technical Analysis course | Stock Market > Source: [Candlestick Analysis | Candlestick Patterns in Hindi | Technical Analysis course | Stock Market](https://youtube.com/watch?v=lQpulkxLHe0) ## Summary This video is a free educational tutorial on six essential candlestick patterns for stock market trading. The instructor explains the conditions for identifying each pattern and how to use them to predict price movements, with a focus on entry points and stop-loss placement. ### Key Points - **Introduction to Candlestick Patterns** [00:03] — The video introduces six candlestick patterns to determine if a share price will go up or down, offered free as educational content. - **Hammer Pattern Conditions** [00:42] — Four conditions for a hammer: stock in downtrend, short upper wick and long lower wick, candle can be green or red (green more positive), and next candle forms above the hammer. It's a bullish signal. - **Hanging Man Pattern** [03:17] — Looks like a hammer but is bearish. Conditions: stock in uptrend, short upper wick and long lower wick, red candle more valid, and next candle forms below. Entry on next candle below, stop loss at high. - **Inverted Hammer Pattern** [04:41] — Bullish pattern formed in a downtrend. Key difference: long upper wick, short or absent lower wick. Next candle must form above. Entry on next candle above, stop loss at low. - **Shooting Star Pattern** [06:31] — Bearish pattern formed in an uptrend. Long upper wick, short lower wick, red candle more valid, next candle forms below. Entry on next candle below, stop loss at high. - **Bullish Engulfing Pattern** [07:53] — In a downtrend, a green candle completely engulfs a preceding red candle. Signals a potential price increase. Entry on next candle above, stop loss at low of green candle. - **Bearish Engulfing Pattern** [08:49] — In an uptrend, a red candle completely engulfs a preceding green candle. Signals a potential price decrease. Entry on next candle below, stop loss at high of green candle. - **Other Patterns and Conclusion** [10:02] — Mentions other patterns like Piercing Line, Dark Cloud Cover, Harami, Morning/Evening Star, and Doji variants. Encourages comments for future videos and promotes a free demat account link. ## Transcript Friends, if you want to become an expert in trading then it is video I am going to tell you about six candlestick patterns using which you can find out whether the share price will go up or down and I am teaching you all this absolutely free. Whereas many people sell this type of content by creating paid courses. So please watch this video carefully and if you like the video then please like it. And keep in mind that this video is only for educational purposes. do it at your own risk and do your own research before investing and no matter how confident you are in life, never invest or trade by taking a loan because everyone can get into big trouble. Come on friends, let us now understand all those important candlestick patterns. So friends, in this video, we are going to you will be able to see the names of all those candlestick patterns on the screen right now. Our first candlestick pattern in this is called Hammer candlestick pattern. So friends, hammer means hammer. So you can understand from the name itself that the candle formed in this pattern looks like a hammer. And the candle that you see on the screen right now may also look a little like a hammer. The long stick at the bottom is called the lower wick and the small stick at the top is called the upper wick. Now I will tell you four such conditions by which you can identify whether a candle is a hammer candle or not. So friends, to identify the hammer candle, it friends, to identify the hammer candle, it share price should be falling. If the share price is rising then we will not consider it as a hammer signal. Secondly, for a candle to be a hammer candle, its upper wick should either not be there or should be very short and the lower wick should be very long. She should be candle that you are seeing on the screen right now, its upper wick is very short and the lower wick is very long. Therefore, it is a hammer candle. The third hammer candle can be green or red. But if the candle is green then it is considered more positive. But if there is a red candle then we will consider it as a hammer also. And the fourth condition is that after the formation of the hammer candle, its next candle should be formed above the hammer candle. Only then will we consider it a hammer signal. If it forms below that then we will not consider it a hammer signal. So, if this is a hammer candle and the next candle formed after this is at the high of the hammer candle, then it is a valid signal. If it had formed below the hammer candle, you would not have considered it a valid signal. So friends, if these four conditions are fulfilled then it means that the market trend can change from here. Till now the share price was falling down. It can rise from here. So this is a bullish signal and you can buy here. So the entry you will have to take in this will have to be candle that is formed will have to be bought when it comes above the hammer candle and your comes above the hammer candle and your We have created a separate video on the hammer pattern. The link to that video is given in the description and i button. So you can watch that video also. Now friends, after the formation of the Hammer candlestick pattern, our next candlestick pattern is the Hanging Man candlestick pattern. This pattern looks exactly like a hammer , but it gives a bearish signal. This means that after the formation of this pattern, the share price may fall. Now four conditions are also necessary for the hanging man pattern. Firstly, the stock should be in an uptrend. That means the share price should be increasing. Whereas in the hammer pattern the share price should have been falling. The stock should have been in a downtrend. In this the stock should be in up trend. Secondly, like the hammer pattern, the upper wick of the candle should be short and the lower wick should be long. That's why it looks like a hammer. The third hanging man candle can also be both green and red, but if it is red then it is considered a more valid signal because it gives a bearish signal. And after the formation of the fourth Hanging Man candle, the next candle should be formed below the Hanging Man candle. So when these four conditions are followed, it means that the trend is about to change. Till now the share price was increasing. Now it can fall down. So this is a bearish signal and you can short sell here. In this, your entry will be in the next candle which is formed below and your stop loss since you are doing short sale will be at the highest point of the hanging man candle. If you still have any confusion between Hammer and Hanging Man candles, it will be cleared after looking at this picture. Hammer is formed in a downtrend. Whereas Hanging Man is formed in up trend. Hammer gives a buy signal. Whereas the hanging man gives a sell signal. Now friends, our third candlestick pattern is the inverted hammer. Inverted means upside down. That means there is an inverted hammer, but its name is inverted only. Its function is exactly like the hammer pattern. The only difference is that in the hammer pattern the lower wick is long and the upper wick is either short or non- existent. Whereas in the inverted hammer pattern the upper wick is long. Whereas the lower wick is either small or not there. That's when it looks like an inverted hammer. Firstly, the stock should be in a downtrend. That means the share price should be falling. This same condition was also for the hammer pattern. Secondly, I just told you that the upper wick in this should be long. Whereas the lower wick should either be small or not there. This second condition is the only difference between the hammer and inverted hammer patterns. The third condition is also the same as the hammer pattern. Whether it is green or red, it doesn't matter. But if it is green then it will be a more valid signal. And the fourth condition is that after the formation of the inverted hammer candle, the next candle formed should be higher than the inverted hammer candle. So when these four conditions are fulfilled then that candle is an inverted hammer candle and it gives a bullish signal. That means the price may increase from here. The trend may change from here. Till now the share price was falling down. It can go up from here. So if you want, you can say bye. If you buy, then you want, you can say bye. If you buy, then and your stop loss will be the lowest point of the inverted hammer candle. Now friends, our fourth candle is called Shooting Star. It looks exactly like an inverted hammer. The only difference is that it forms in an uptrend and gives a bearish signal. Whereas the inverted hammer is formed in a downtrend and gives a bullish signal. So friends, it is very important to fulfill four conditions for Shooting Star also. So friends, it is very important to fulfill four conditions for Shooting Star also. share price should be increasing. After that, shooting star candles were made. Whereas in an inverted hammer, the share price should be falling and the stock should be in a downtrend. Secondly, in a shooting star, the upper wick should be long and the lower wick should be short, just like an inverted hammer. The third shooting star candle can be green or red. But if it is red then it is considered a more valid signal because it is giving a bearish signal. And after the formation of the fourth shooting star candle , the next candle that is formed should be formed below the shooting star candle, only then we can be confirmed that after this the share price may fall down. So friends, if these four conditions are fulfilled, then you can sell the stock or go short selling it because it gives a bearish signal and it shows that the share price may fall after this. If you do a short sale, then you will have to take entry at the next candle formed after the shooting star candle and your stop loss will be at the highest point of the shooting star candle. Now friends, our fifth candlestick pattern is Bullish Engulfing. Its name itself suggests that it gives bullish signals. So whenever the market is in a down trend and in the down trend a red candle is formed and after that red candle a green candle is formed which completely engulfs the first red candle i.e. covers it. So this is bullish engulfing. In this, our second green candle opens below the first candle and closes above the first candle. Only then will it completely cover the first candle. So whenever this type of pattern is formed, it is called bullish engulfing and it means that the share price can increase from here. So you can buy it here. You can take a position. If you want to buy, then you will have to buy the next candle that will be formed after this green candle. want to buy, then you will have to buy the next candle that will be formed after this green candle. should be formed above this green candle and your stop loss will be at the lowest point of the green candle. You can see it on the screen. Now friends, our sixth candlestick pattern is called Bearish Engulfing. This is just the opposite of bullish engulfing and it gives a bearish signal. This means that after this signal comes, the share price may fall. So friends, whenever the share is moving on an up trend, that is, the price of the share is increasing and after that if a green candle comes and after that green candle a red candle comes which completely covers that green candle, that is, it engulfs it. So this pattern is called bearish engulfing. So right now you can see two candles on the screen. Our green candle has been completely covered by the red candle and the opening price of the red candle is above the green candle and the closing price is below the green candle, that is why it is completely engulfing the green candle i.e. covering it. So whenever this type of pattern is formed, it is called bearish engulfing and after this the share price may fall. So friends, if you want, you can do short sale here. If you do a short sale, then after this bearish candle, you will have to take entry in the next candle that will be formed below it and the highest point of the green candle will be your stop loss, which you can see on the screen. So friends, these were the six candlestick patterns using which you can find out whether the share price will go up or down. Apart from this, there are many other candlestick patterns. There are many candlestick patterns like Piercing Line, Dark Cloud Cover, Bullish Harami, Bearish Harami, Morning Star, Evening Star, Bullish Kicker, Bearish Kicker, Grave Stone Doji, Dragon Fly Doji, Long Like Doji, Doji Star and many more. If you want us to make a video on them too, please let us know by commenting. If you do n't have your demat account then I have given you the link of jail one in the description of this video. Be sure to open your free demat account from there and join our Telegram channel for daily free updates related to the share market. 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