How to use the Candlestick Patterns
- Pick one stock, or all of themOne stock mode reads a date range and reports every formation inside it. All stocks mode sweeps the NSE list for a single pattern.
- Choose the range, or the patternIn single mode, set the two dates — up to 400 days in one scan. In sweep mode, choose one pattern and how recently it must have printed.
- Read what turned upSingle mode shows a chip per formation with its count; clicking one narrows the charts and the table to it.
- Check the context on the chartEach match is drawn with the bars either side dimmed and the pattern's own candles outlined, so the trend it formed in is visible rather than assumed.
- Read the rate, not just the nameWhere a measured reversal rate exists it is shown. Several well-known patterns sit close to a coin flip, and one — the Bearish Harami — does the opposite of what its name says.
Frequently asked questions
Why does the same candle get two different names?
Because position in the trend is part of the pattern, not a filter applied afterwards. A small body with a long lower shadow is a Hammer when it appears after a decline and a Hanging Man when it appears after an advance. They are the same shape and opposite readings, so this tests the trend running into every formation before naming it.
How are "long" and "small" decided?
Against the stock's own average range over the previous 20 sessions, never in rupees. A ten-rupee body is enormous on a forty-rupee stock and invisible on a four-thousand-rupee one, so a fixed threshold would report a different pattern set at every price level.
What does the strength number mean?
How emphatically a formation met its own rules — a shadow well past the minimum multiple, a body that swallows the previous one several times over. It describes the formation, not a probability, and it is not a confidence in any outcome.
Why can the market sweep only take one pattern?
Because a sweep across thirty patterns is thirty unrelated answers in one list, and the question people actually ask is a single one — which stocks printed a bullish engulfing today. Single-stock mode is where "show me everything" belongs, and it does.
Why is a Bearish Harami labelled bullish here?
Because that is what the testing found. Thomas Bulkowski measured it acting as a bullish continuation 53% of the time, so reporting it as a bearish reversal would be repeating a name instead of a result. The label describes the shape; the direction shown is what the data says about it.
Does a pattern mean the stock will move that way?
No. This reports formations that have already printed in stored price history and nothing else. It gives no targets, no entries and no ratings, and it makes no claim about what a price does next. It is a study and research aid, not a recommendation, and not investment advice.