Candlesticks is a type of chart that shows the price movement of a stock. Unlike line,bar charts , candlesticks gives details about a particular trading day. It gives the opening and closing price, the highest and the lowest price on that day, and the day’s trend(positive or negative).
Candlestick analysis is a simple but powerful method in Technical analysis. It involves a lookup period of only a few days. It is most suited for weekly traders.