3.2.10 · Stock-Market › Candlestick Patterns
Ek candlestick ek time period mein buyers (bulls) aur sellers (bears) ke beech ki ladaai ki kahaani hai. Body dikhata hai ki close tak kaun jeeta ; wicks/shadows dikhate hain ki dono sides kitni door tak push kar gayi reject hone se pehle.
Marubozu ek decisive jeet hai: ek side ne open se close tak dominate kiya, koi rejection nahi (koi shadows nahi).
Spinning Top ek stalemate hai: choti body ke saath dono taraf lambe shadows — dono sides ne zyada fight ki, koi nahi jeeta.
Definition Candle anatomy (pieces yaad karo)
Open (O) , High (H) , Low (L) , Close (C) har candle ko define karte hain.
Real body = open aur close ke beech ka range = ∣ C − O ∣ .
Upper shadow = H − max ( O , C ) (bulls kitni door push kiye phir reject hue).
Lower shadow = min ( O , C ) − L (bears kitni door push kiye phir reject hue).
Colour: bullish/green agar C > O , bearish/red agar C < O .
Ek candle jisme badi body hoti hai aur koi (ya negligible) shadows nahi : H ≈ max ( O , C ) aur L ≈ min ( O , C ) .
Bullish Marubozu : O = L aur C = H → low par khula, high par banda. Buyers ka poora control.
Bearish Marubozu : O = H aur C = L → high par khula, low par banda. Sellers ka poora control.
Marubozu Japanese mein "ganja / munḍa hua sir " ka matlab hai — koi baal nahi (koi shadows nahi).
Ek candle jisme choti real body beech ke paas hoti hai, aur upar aur neeche dono shadows body se lambe hote hain . Indecision ka signal deta hai. Colour yahan almost irrelevant hai.
Intuition Label nahi, logic samjho
Price movement = kaun kitne level par transaction karne ko taiyaar hai.
Agar price ek direction mein jaaye aur close tak extreme par tiki rahe → jeetnewale side ko koi meaningful pushback nahi mila → Marubozu → usi direction mein strong continuation.
Agar price dono taraf jaaye lekin open ke paas wapas aaye → dono sides thak gayi, equilibrium → Spinning Top → current trend ki steam khatam ho rahi hai; ek potential reversal ya pause.
Ghaur karo: wahi ek raw idea (body size ko shadow size se compare karo) dono patterns generate karta hai. Yahi hai 80/20 — body-vs-shadow ratio master kar lo aur zyaatatar single candles decode ho jayenge.
Define karo:
B = ∣ C − O ∣ ( body ) , R = H − L ( total range )
U = H − max ( O , C ) , L s = min ( O , C ) − L
Identity ki derivation (kyun saare pieces add up hone chahiye):
Poora range bull-rejection + body + bear-rejection hai:
R = U + B + L s
Kyun? L se H tak jaate waqt: tum lower shadow L s chadhte ho, body B cross karte ho, phir upper shadow U . Candle par kuch aur exist hi nahi karta, isliye ye R ko exactly partition karte hain.
Classification rules (ratios, isliye kisi bhi priced stock par kaam karte hain):
Pattern
Rule
Marubozu
R B ≳ 0.9 (body ≈ poora range, U , L s ≈ 0 )
Spinning Top
R B ≲ 0.3 aur U ≈ L s (dono shadows > body)
Worked example Example 1 — Bullish Marubozu
Candle: O = 100 , H = 110 , C = 110 , L = 100 .
B = ∣110 − 100∣ = 10 . Kyun? body = |close−open|.
R = 110 − 100 = 10 . Kyun? full range high−low.
U = 110 − max ( 100 , 110 ) = 0 ; L s = min ( 100 , 110 ) − 100 = 0 . Kyun? kisi bhi side se rejection nahi.
ρ = 10/10 = 1 → Bullish Marubozu . Buyers ne poora session apna rakha; upar follow-through expect karo.
Worked example Example 2 — Spinning Top
Candle: O = 204 , H = 212 , C = 206 , L = 198 .
B = ∣206 − 204∣ = 2 . Choti body.
R = 212 − 198 = 14 .
U = 212 − max ( 204 , 206 ) = 212 − 206 = 6 . Kyun? bulls 212 tak push kiye lekin 206 par dhakele gaye.
L s = min ( 204 , 206 ) − 198 = 204 − 198 = 6 . Kyun? bears 198 tak push kiye lekin upar dhakele gaye.
ρ = 2/14 ≈ 0.14 aur U = L s = 6 (dono > body 2) → Spinning Top . Perfect indecision; trend ruk sakta/reverse ho sakta hai.
Worked example Example 3 — Bearish Marubozu
Candle: O = 350 , H = 350 , C = 330 , L = 330 .
B = 20 , R = 20 , U = 350 − 350 = 0 , L s = 330 − 330 = 0 , ρ = 1 .
Colour red (C < O ) → Bearish Marubozu . Sellers ne dominate kiya; neeche follow-through expect karo.
Common mistake "Marubozu akela hi hamesha buy/sell signal hai."
Kyun sahi lagta hai: ek decisive candle powerful dikhti hai, toh pakka action ka hukm deti hogi.
Fix: ek akeli candle context-dependent hoti hai. Lamba uptrend ke baad bullish Marubozu exhaustion/blow-off mark kar sakta hai; consolidation se breakout karta hua wala zyada strong hota hai. Hamesha prior trend + location padho.
Common mistake "Spinning top = reversal, guaranteed."
Kyun sahi lagta hai: trend ke baad indecision "chahiye" ki trend palte.
Fix: ye momentum ki kami / indecision ka signal deta hai, jo pause aur continuation ke roop mein bhi resolve ho sakta hai. Action se pehle agle period mein ek confirmation candle ka intezaar karo.
Common mistake "Choti red body aur tiny shadows wali candle spinning top hai."
Kyun sahi lagta hai: body choti hai, jise hum indecision se associate karte hain.
Fix: spinning top ke liye dono sides par LAMBE shadows chahiye (U , L s > B ). Tiny shadows + tiny body ek Doji-like/low-volatility candle hai, spinning top nahi.
Common mistake Body size ko ratio ki jagah ₹ mein judge karna.
Kyun sahi lagta hai: "bada" 20-point body decisive lagta hai.
Fix: ρ = B / R use karo. 20 points range ka 90% ho sakta hai (Marubozu) ya 10% (spinning top) shadows ke hisaab se.
Recall Khud ko test karne ke liye palto
Body dominance ka formula? → ρ = ∣ C − O ∣/ ( H − L ) .
Bullish Marubozu ka OHLC relation? → O = L , C = H .
Spinning top ko marubozu se kya alag karta hai? → shadow-to-body ratio (lambe balanced shadows vs koi nahi).
Spinning top kya signal deta hai? → indecision / possible pause ya reversal, confirmation chahiye.
Recall Feynman: 12 saal ke bachche ko samjhao
Ek minute mein rassakashi ki kalpana karo.
Agar red team sabko poori taraf kheench le jaaye aur rassi wapas na aaye — wo hai Marubozu , ek poori jeet.
Agar dono teams kheenchti hain, jhanda khoob left jaata hai, phir khoob right, lekin beech mein wapas aata hai — wo hai Spinning Top : koi nahi jeeta, sab thak gaye. Tie ke baad, agla round kisi bhi taraf ja sakta hai, isliye tum intezaar karo aur dekho .
"Bald Marubozu, Dizzy Top."
Bald = koi baal nahi = koi shadows nahi = Marubozu (decisive).
Dizzy Top = spinning = dono taraf lambe shadows = indecision.
Candlestick Anatomy (OHLC)
Doji — extreme spinning top jahan body → 0
Hammer and Hanging Man — ek-taraf lambe shadow wale cousins
Trend and Confirmation Candles
Support and Resistance — jahan ye candles sabse zyada matter karti hain
#flashcards/stock-market
Candle ke body dominance ρ ka formula kya hai? ρ = H − L ∣ C − O ∣ , ranging 0 to 1.
Bullish Marubozu ko kaun si OHLC condition define karti hai? Open = Low aur Close = High (low par khula, high par banda, koi shadows nahi).
Bearish Marubozu ko kaun si OHLC condition define karti hai? Open = High aur Close = Low (high par khula, low par banda).
Marubozu kya signal deta hai? Ek taraf decisive control → usi direction mein likely continuation.
Spinning top ki do defining features kya hain? Choti real body PLUS lambe upper aur lower shadows (dono body se lambe).
Spinning top kya signal deta hai? Indecision / stalemate → possible pause ya reversal; ek confirmation candle chahiye.
Raw body size ki jagah ratio B/R kyun use karte hain? Ye scale-free hai, isliye saste aur mehnge dono stocks par kaam karta hai price level ki parwah kiye bina.
Shadows aur body ko link karne wali range identity? R = U + B + L s (upper shadow + body + lower shadow = high − low).
Tiny shadows wali choti body spinning top kyun nahi hai? Spinning top ko dono sides par lambe shadows chahiye; tiny shadows = Doji-like/low volatility instead.
Marubozu trade karne se pehle trend/location kyun check karna chahiye? Wahi candle breakout strength ya trend exhaustion dono mean kar sakti hai depending on kahan appear hoti hai.
rho ~ 0.3 both shadows big
Decisive victory, strong continuation
Stalemate, indecision, possible reversal
Bullish O=L C=H / Bearish O=H C=L