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Long White Candle Candlestick Pattern Scanner
| Code | Price | CandleStick Patterns | In Uptrend | In Downtrend | Volume Jump | Volume Fall | Chart | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AEGISLOG | 1247.7 | Long White Line | false | true | false | false | ||||||
| AEGISVOPAK | 286.3 | Long White Line | true | false | true | false | ||||||
| ARVIND | 574.05 | Long White Line | true | false | false | false | ||||||
| IFCI | 98.32 | Long White Line | true | false | true | false | ||||||
| JSWENERGY | 539.8 | Long White Line | false | true | false | false | ||||||
| KAJARIACER | 1261.1 | Long White Line | true | true | true | false | ||||||
| RBLBANK | 389.4 | Long White Line | false | true | true | false | ||||||
| REDINGTON | 363.2 | Long White Line | false | false | true | false | ||||||
| SAILIFE | 1587.0 | Long White Line | true | false | true | false | ||||||
| SHILPAMED | 928.55 | Long White Line | true | false | false | true | ||||||
| SOLARINDS | 20600.0 | Long White Line | true | false | false | false | ||||||
| STAR | 1047.8 | Long White Line | true | false | false | false | ||||||
| SUPRIYA | 841.2 | Long White Line | true | false | true | false | ||||||
| TATAPOWER | 364.0 | Long White Line | false | true | true | false | ||||||
| WOCKPHARMA | 1904.3 | Long White Line | false | false | false | true |
Long White Candle Candlestick Scanner
What is a Long White Candle Candlestick?
Long White Candle is a strong bullish candlestick pattern with a large real body and relatively small upper and lower shadows. The candle body is typically at least three times larger than the average body size of recent candles.
This pattern indicates strong buying pressure, with buyers dominating the session and pushing prices significantly higher.
Key Points for a Long White Candle:
- Long Real Body: Shows strong buying pressure and a significant upward price movement.
- Minimal Shadows: Usually has short or no shadows, indicating that the price closed near its high.
- Uptrend or Reversal: Can appear during an uptrend as a continuation signal or at the end of a downtrend as a potential reversal signal.
Long White Candle Trading Strategy
- Downtrend Reversal: Look for a Long White Candle forming near support levels after a downtrend to identify a potential bullish reversal.
- Uptrend Continuation: Spot the pattern during an ongoing uptrend to confirm continued bullish momentum.
- Confirmation: Wait for the next bullish candle or a volume spike to validate the signal.
- General Rule: Combine the pattern with indicators such as RSI or MACD for stronger trade confirmation.
⚠ Warning
Avoid trading candles with extremely small ranges (below 1%) or unusually large ranges (above 10%), as these may produce unreliable signals.
Target
- Short term: At least the height of the Long White Candle.
- Long term: Consider additional factors such as volume spurts, recent support/resistance levels, and other technical indicators.
Stop Loss
- Set your stop-loss below the low of the Long White Candle.
TSR Long White Candle Scanner Features
- Real-Time Alerts: Set up alerts to get notified exactly as the pattern forms.
- Fine-Tune Filter: Combine the Long White Candle pattern with other technical indicators and chart patterns for improved screening.
- Custom Tracking: Filter signals based on specific stock baskets or your personalized watchlist.
- Backtesting Capabilities: Evaluate historical performance to gain confidence in the pattern.
- Flexible Timeframes: Filter intervals from 1-minute to monthly ticks.
- Auto Refresh: Keeps your scanner data continuously updated.
Candlestick eBook
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Candlestick eBook
Free CandleStick Pattern PDF eBook
Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option
Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.
