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Its an analysis method for understanding the characteristics of market movement for a short term mainly for weekly trading. Its easy method to determine the movement of market because of its pattern gives the exact nature of market movement.
Candle stick analysis is a technical analysis using a candle like representation (a body and upper & bottom wicks). It represents the price movements in a day.
It was followed by Japanese people 100+ years ago for trading purpose. This was later adopted, by the western, in the share market.
Its best applicable for weekly traders with the daily frequency.
Candlesticks analysis is the modified version of bars with colors denoting Bears with red body and Bulls with a green body.It helps in easily identifying the trend.
Its real-time application is only for a week.
Candlestick analysis is the Japanese way of understanding demand and supply and adopted later by western
candlesticks is Japanese way of identifying demand and supply. it was been practised in japan more than 200 yrs ago which was later been taken over by the western people. its simple and powerful method to analyse. when compared to any other charts candlesticks provide us more information. accounts few days to study and provides a short term trend ie weekly basis.
A candlestick analysis is a technical analysis used to determine the price movement of the stocks/securities.
Candlestick charts have been developed in the 18th century by Munehisa Homma, Japanese rice trader of financial instruments.
Candlesticks are usually composed of the body (black or white), and an upper and a lower shadow (wick): the area between the open and the close is called the real body, price excursions above and below the real body are called shadows. The wick illustrates the highest and lowest traded prices of a security during the time interval represented.he body illustrates the opening and closing trades.
Candlestick is one of the most popular technical analysis widely used in determining the price movement in financial instruments. It is very much helpful for the positional traders in determining the price movement and entry point for the trade.
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