Amit, a young college student from Shastri Nagar, Meerut, always wanted to earn from the stock market. But every time he looked at a stock chart, it looked like alien language. That changed when he joined Risevestors – the most trusted stock market institute in Meerut. Within weeks, he learned how to read candlestick patterns and started analysing stocks like Reliance and Nifty with confidence.
Candlestick patterns are the foundation of technical analysis. Whether you are trading Nifty 50, HDFC Bank, or even ITC, understanding these patterns helps you take smarter trading decisions. In this blog, we will break down candlestick structure, key patterns (single, double, triple), usage tips, and common mistakes – all using real examples from the Indian stock market.
Let’s explore how Risevestors' stock market classes in Meerut can help you become a confident trader!
🔍 What is a Candlestick in Trading?
A candlestick shows the price movement of a stock during a
specific time frame (1 minute, 1 hour, 1 day etc.). It’s made of:
- -) Body – Tells us the opening and closing price.
- -) Wick (Shadow) – Shows the highest and lowest price.
- -) Colour:
- Green: Price went up (bullish)
- Red: Price went down (bearish)
For example, in Reliance's daily chart, if it opened at ₹2,450 and closed at ₹2,480, with a high of ₹2,500 and a low of ₹2,430, the candle will be green.
This simple shape gives you powerful clues about market direction!
Why Are Candlestick Patterns Important in Indian Market?
Learning candlestick patterns can help you:
✅ Identify trend reversals
✅ Spot perfect entry and exit points
✅ Filter out false breakouts
✅ Build better risk-reward setups
These patterns are trusted by traders across NSE, BSE, and global markets.
Types of Candlestick Patterns Explained with Indian Stock
Examples
We divide patterns into 3 types:
- Single Candle Patterns
- Double Candle Patterns
- Triple Candle Patterns
Let’s decode each with examples from Nifty 50, Tata Motors, and Infosys.
1. Single Candle Patterns
✅ Doji
- Open and close prices are nearly equal.
- Shows indecision.
- Example: Nifty often forms a Doji near key support zones like 17,800.
✅ Hammer
- Small body, long lower shadow.
- Appears after a downtrend – bullish reversal.
- Example: Infosys showed a hammer on March 2023 before a bounce.
✅ Shooting Star
- Opposite of hammer – appears at the top.
- Sign of reversal downwards.
Risevestors Tip: Always confirm with volume and trendline.
⚡ 2. Double Candle Patterns
✅ Bullish Engulfing
- Big green candle covers previous red candle.
- Seen after downtrend – bullish reversal.
- Example: Reliance formed it in Feb 2024, leading to a strong uptrend.
✅ Bearish Engulfing
- Red candle covers previous green.
- Appears at the top – bearish reversal.
✅ Piercing Line
- Red candle followed by a green that closes halfway into red.
- Seen in sideways markets like ITC or HUL.
💥 3. Triple Candle Patterns
✅ Morning Star
- Three candles: red, small-bodied, strong green.
- Reversal from downtrend to uptrend.
- Example: Tata Motors formed this in July 2022 before a strong rally.
✅ Evening Star
- Opposite of morning star.
- Seen on top – bearish signal.
✅ Three White Soldiers & Three Black Crows
- Strong directional moves with 3 bullish or bearish candles.
Why Risevestors is the Best Stock Market Institute in Meerut
If you're searching for “best stock market course in Meerut”, your journey ends here. Risevestors – Meerut's most result-oriented trading institute – offers both beginners and advanced learners a structured path to profitable trading.
🎯 Key Features of Our Candlestick Module:
✅ Real-Chart Practice on Nifty & Indian stocks
✅ Hindi + English Easy Explanation
✅ Lifetime Mentorship & Revision Sessions
✅ Affordable Fees for Meerut Students
✅ Certified Trainers with Market Experience
Whether you’re from Ganga Nagar, Pallavpuram, or Begum Bagh – we offer online and offline stock market classes in Meerut to make learning convenient for all.
⚠️ Common Mistakes Traders Make with Candlesticks
❌ Trading without confirming trend
❌ Ignoring volume strength
❌ Overconfidence on one pattern
❌ Not back-testing patterns
At Risevestors, we teach you how to combine candlesticks with support-resistance, volume analysis, and risk management, so you don’t fall for these traps.
📌 Pro Tips from Risevestors Faculty
✅Use patterns near key zones (like previous day high, swing low).
✅Combine with RSI or MACD indicators.
✅Avoid penny stocks with low volume.
✅Always wait for next candle confirmation.
DIY Practice for Learners in Meerut
✅Open Nifty 50 chart on TradingView.
✅Find 1 Bullish Engulfing and 1 Doji from last 30 days.
✅Take screenshots and try to predict next movement.
This exercise builds confidence and sharpens your chart reading skills.
Why Meerut Traders Trust Risevestors
With hundreds of successful students from areas like Shastri Nagar, Kanker Khera, and Modipuram, Risevestors has become a household name for share market training in Meerut.
“I was completely new to trading. After just 2 months with Risevestors, I can read charts and trade confidently. Highly recommended for anyone in Meerut looking to learn the stock market!” – Rahul, Student
🏁 Final Words
Learning candlestick patterns is your first step toward smart, confident trading. When you learn with Risevestors – the best stock market institute in Meerut, you gain not just knowledge, but practical market experience.
Let your trading journey rise with Risevestors. Join today and become Meerut’s next successful trader!
Contact-Us For More Info
Call-Us= +91-8750523232
Visit-Our Website= Www.RiseVestors.com
⚠️ Disclaimer: Stock market investments are subject to market risk. This blog is for educational purposes only and should not be considered as financial advice.