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Candlestick analysis:
It is one of the Japanese representation to understand the demand and supply in the market.
It is used to study the market in a short term, and can be used by the traders for weekly buying and selling.
candle stick analysis has its origin from Japan.
It has the clear details of open and close prices for the stock and its colorful representation i.e., red for bearish and green for bullish is easy to determine the trend
candle stick analysis is helpful for shot term trading particularly for weekly trading
Candle stick analysis is used by the short term traders mainly within a week.it is simple with easy graphical representations than line chart and bar chart.the green colour indicates bullish trend and red colour represenys bearish trend.the body represents opening and closing price of the day.the upper tail indicates higest price of the day and lower tail indicates lowest price of the day.
Its simple and powerful analytical method, to understand of demand and supply and to examine how things are changing in the market.
It’s powerful of weekly traders
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