Candlestick is the most prevalent analysis tools and currently most of technical analysis programs use candlestick as a default approach of their charting programs. The patterns of candlestick can help traders to anticipate future prices of their portfolios. In this study, the researcher tried to identify which candle stick pattern will be valuable for the investors based on the timing of holding periods using comparison of selected three company stocks. In this paper, the researcher tested the three component stocks of IT companies chosen from index companies during May-July 2013 and used statistical tool ANOVA to examine which candlestick will be the most profitable based on their own type. The researcher selected five signal based on the different candlestick patterns because it is the most candlestick signal patterns that appear in Indian National Stock Exchange.
