Soumendra Mishra · Since 2008

Indian market education, historical analysis & practical AI learning.

Check each article's publication date. Older market levels and charts are historical. New here? Start with the beginner guide →

Candlestick Learning Lab

LEARN · PRACTISE · UNDERSTAND

Candlestick Learning Lab

Explore candle shapes and 15 chart patterns, then practise with two quizzes.

Simulated examples · Free learning tool
These are invented candles, not real stock data. This lab replaces the public stock scanner. It does not scan securities, show current prices or generate trading calls.

Read a candle first

The body joins the opening and closing prices. The upper and lower wicks show the high and low. Green means close ≥ open; red means close < open. Read the shape together with the preceding trend and timeframe.

Doji

SIMULATED · NO STOCK OR MARKET FEED

What to notice

The open and close are very close together, making a small body.

Shows a balance between buying and selling during this candle. Context matters; it is not a reversal guarantee.

Hammer shape

SIMULATED · NO STOCK OR MARKET FEED

What to notice

A small body near the top, a long lower wick and a short upper wick.

Price recovered from its low. The name Hammer is usually interpreted after a decline; the shape alone does not establish that context.

Shooting Star shape

SIMULATED · NO STOCK OR MARKET FEED

What to notice

A small body near the bottom with a long upper wick.

Price pulled back from its high. Reversal interpretation usually needs a preceding rise and further evidence.

Bullish Engulfing

SIMULATED · NO STOCK OR MARKET FEED

What to notice

A rising candle body covers the previous falling candle body.

The second candle closes above the first candle’s open. Wicks do not have to be engulfed; a pattern does not guarantee a rise.

Bearish Engulfing

SIMULATED · NO STOCK OR MARKET FEED

What to notice

A falling candle body covers the previous rising candle body.

The second candle closes below the first candle’s open. Interpret it alongside the preceding trend rather than as a trade instruction.

Inside Bar

SIMULATED · NO STOCK OR MARKET FEED

What to notice

The second candle has a lower high and a higher low than the first.

Shows a narrower price range. It can precede movement in either direction; candle colour is not the definition.

Can you recognise the shape?

Six questions, one for each example. You receive an explanation after every answer. Your score stays on this page and is not uploaded.

Chart-pattern explorer

These patterns develop over many candles. They are different from single-candle shapes. Choose one of 15 original examples.

Head & Shoulders

Reversal after a rise

Illustrative time → · invented prices · dashed pattern boundaries

Formation: Three peaks: the middle peak is highest; the outer peaks form the shoulders.

Confirmation and failure: A close below the neckline supports completion; a move back above it weakens that reading.

Volume is supporting context: activity often contracts during consolidation and expands on a break. It does not make a breakout certain. These sketches show the setup before confirmation.

Test your pattern recognition

Six random questions. Dashed lines mark boundaries, not trading instructions.

Reference reading: StockCharts ChartSchool pattern guide. Diagrams and wording here are original educational examples. Recognition does not predict a profitable outcome.

Continue learning

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Disclaimer:

 The information or data contained in this blog is neither guarantees nor offers any recommendation to buy or sell any security. The author or the publisher of the of this blog does not responsible for any kind of trading loss incur by the trader or the investor by the use of this data.

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Years of market observations, kept in their original context. Older charts and price levels are historical examples.

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Independent educational blog. Historical levels are not current quotes. Calculators illustrate formulas and do not provide personal investment advice.