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Technical AnalysisIntermediate to Advanced

Candlestick analysis of past 5 years of market data

This research delves into the details of candlestick patterns and how their formation affects the price of the security. all the candlesticks like Doji, Hammer, Bullish Engulfing, etc are calculated for each stocks and indexes as well and the performance is 1 Day, 7 Day, and 30 Day Time period. This research helps to make inveestment decision in particular euity or index

Shantanu Anantwar
June 18, 2025
15 min read

Research Abstract

This research presents a comprehensive analysis of candlestick patterns across five years of historical market data, covering both individual stocks and broader market indices. Utilizing advanced pattern recognition algorithms, key formations such as Doji, Hammer, and Bullish Engulfing were identified and their subsequent price performance evaluated over 1-day, 7-day, and 30-day periods. The study reveals that while certain patterns demonstrate consistent predictive power in specific equities, cross-verification with the corresponding index enhances reliability. This research aims to equip active traders and investment professionals with actionable insights into pattern-based strategies for improved decision-making in technical analysis.

Key Findings

1

The Candlestick patterns works extremely well in some stock and can be used to make investment decisions.

Methodology

Analyzed past 5 years of market data using advanced candlestick pattern recognition algorithms to idnentify the type of pattern. Once the candlestick's type were identified the future performance of the stocks was calculated over various time frames.

Target Audience

Active Traders
Portfolio Managers
Risk Analysts
Individual Investors

Tags

Candlestick PatternTechnical AnalysisReturnsPerformance

Research Impact

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