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| 24 September, 2020, 11:02 AM IST | E-Paper
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Candlestick Screener

Discover and screen trade opportunities

Wondering which stocks may witness action tomorrow? Looking for stocks where bearish trends might be over soon, or bullish trend might be under threat? Candlestick screener identifies candle formation for you to answer these. (Fun fact: Candlesticks were first used in 16th century by Japanese rice traders, reliable and handy even in 2020). 

For traders, learning & identifying bullish or bearish candlestick formation in a maze of listed stocks is a painstaking activity. ET’s Candlestick screener is designed to help traders identify stocks where candlestick formation is indicating that bears currently have control, but the underlying indications are signalling that the bulls will be back soon in just a click. Also, candlestick scanner can help find stocks where the bulls are ruling the roost, but the bears are quietly making a move.

While some of these candle formations are fairly accurate & can help traders quickly spot a trend reversal, there are other candle formations which can only help figure out when an ongoing trend has paused and when it is about resume. Some of these Japanese candlesticks also help in spotting stocks which are going through a phase of confusion but might end in favour of bulls OR bears. Hope you enjoy this screener. Plan well and trade better!

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DISCLAIMER: This tools/analysis is provided to you only for convenience. Any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns. Before relying on such output, please consult your advisor before taking any decision.
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