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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.
Candle stick analysis is a Japaneses way of analysing the price movement, it is done on Daily Open & close High and Low if a green candle is formed that it’s a Bullish Candle and if a Red candle is formed then it’s a Bearish candle Candle stick analysis is simple but powerful for day to day analysis and weekly traders.
Candle stick analysis shows daily price movement
a candle stick indicates low and high price and opening and closing price of the day, with color it indicates whether the day is bullish(green) or bearish(red).
Oldest forms of technical analysis.
Powerful, simple and easily identifiable, as the candles are seen green for bullish and red for bearish colours.
Good for weekly traders as the high and low price, and the opening and closing price is clearly seen on the candles.
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Candlestick analysis is a Japanese way of analyzing the price movement. If a green candle is formed then it is a bullish candle and if a red candle is formed then it is a bearish candle. With different candle formations the price movement and trend can be identified by the traders and this will help us to take a long or short sell position in intraday and weekly trades.</span>
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