Interesting Candlestick Patterns for the Week Ending 4-11-22

  • Stock Market Analysis
  • Editors Pick

Intent

Each week, I perform a sectoral as well as my Watchlist review using monthly as well as weekly charts. I have shared the reviews for several weeks in a row and then I thought of making the whole review process as well as the outcome more interesting and that is when I thought of starting a new series titled “Interesting Candles”. 

The intent is to share with the readers the stocks that have thrown up interesting price action at the end of the week and appear to be either adding to the bullish/bearish sentiment or simply it is just interesting candle that has either gained or lost a significant % during the week. While doing so, I realized that if the reader either watches the video or even attempts to look at the charts, it would help him/her get a good learning experience. 

If I write about the type of the candle, and what it indicates, it would become too long a post so you may follow the above approach. All charts used here are weekly but I may have also included some based on their daily patterns as these stocks are forming part of my Watchlist and are viewed on a regular basis. 

Interesting Candles: 

  1. Adani (NS: APSE ) Ports
  2. Axis Bank (NS: AXBK )
  3. Bajaj Finserv (NS: BJFS )
  4. Divi’s Labs
  5. Hindalco (NS: HALC )
  6. Shree Cements (NS: SHCM )
  7. Ultratech Cement (NS: ULTC )
  8. Amara Raja Batteries (NS: AMAR )
  9. Accelya 
  10. Aditya Birla Capital (NS: ADTB )
  11. Oriental Hotels
  12. Ethos (NS: ETHO ) Ltd
  13. Hind Petro
  14. Vedanta (NS: VDAN )
  15. Rajesh Exports (NS: REXP )
  16. Auro Pharma
  17. ACC Ltd (NS: ACC )
  18. L&T (NS: LART ) Technology Services
  19. Adani Enterprises (NS: ADEL )
  20. Raymond (NS: RYMD )
  21. Glenmark
  22. KPR Mill (NS: KPRM )
  23. Minda Corp
  24. Ambuja Cements (NS: ABUJ )
  25. Mazagon Dock

Conclusion:

I suggest that you please watch the video to know how I have selected the candles and how I interpret the candles while analyzing them. I trust this attempt will be of help to the readers.

Here is the video link:
https://youtu.be/CwWXxpDE-p4

Thank you!

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  • harparkash Singh @harparkash Singh
    excellent informaion
    Like 1
    • Umesh Rindani @Umesh Rindani
      Thank you for the feedback.
      Like 0
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