What is a Candlestick Chart?

A candlestick chart visually represents an asset’s price movement, showing the open, close, high, and low within a set time frame, helping traders spot trends.

Composition of a Candlestick Chart

A candlestick chart has a body and wicks. The body shows open-close prices, wicks show highs and lows. Colours like green/red signal bullish or bearish trends.

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How to Read Candlestick Charts for Stocks?

To read candlestick charts, identify bullish/bearish candles, observe body & wick sizes for momentum & reversals & recognise patterns to predict stock trends.

How to Analyse Candlestick Chart?

Analyse candlestick charts by studying trends, patterns (like Hammer or Engulfing), body size, and wick lengths to gauge market sentiment and momentum.

How to Read Candlestick Charts for Intraday Trading?

Monitor key time frames, spot reversal patterns, combine volume with candlesticks, and watch for breakouts to make quick intraday trading decisions.