Candlestick Patterns, Explained Simply

by Rohan Khanna · Mumbai

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What is a candle actually telling you? This book starts with one candle — its body, its shadows, its colour — and builds, pattern by pattern, to the formations traders watch for: hammers, engulfing candles, dojis and morning stars. Every pattern is shown on real-style charts with the context that makes it meaningful, and with the failures shown too, because patterns fail often. An educational title: it teaches you to read charts, not to predict them — no calls, no targets, no promises.

All books are educational content. Mahira Capital does not provide investment advice, research recommendations or trading tips.

Book details

Format: PDF + EPUB
Pages: 284
Language: English
Publisher: Mahira Capital Originals
Published: 10 March 2025
ISBN (sample): 978-93-00000-01-7
Category: Technical Analysis

About the author

Former derivatives-desk trainer who has taught chart reading to retail learners for over a decade. Writes the way he teaches: slowly, with pictures.

Free sample

Chapter One — sample

Begin with a single candle, because everything else in this book is built from it. A candlestick is simply a picture of an argument between buyers and sellers, drawn over a fixed stretch of time — five minutes, a day, a week. Four prices take part in the argument: where it began (the open), where it ended (the close), and the furthest points each side managed to push to (the high and the low).

The thick part of the candle, the body, runs from open to close. If the close is higher than the open, the buyers won the period and the candle is usually drawn green. If the close is lower, the sellers won and it is drawn red. The thin lines above and below the body — the shadows, or wicks — are the territory each side reached for and failed to hold.

…continue reading in the in-browser reader after purchase — the full sample chapter is included free with the book.