Ø Do you know candlestick chart is a language?
Candlestick chart is a language of a stock who express about themself. charts are not speaking but tell us deep meaning about themself by visually representing the candles. candlestick chart is a language with wide information. Each candle has meaning in the chart and tell us what is the next candle. Wicks or shadows line above and below the body of the candle represent the movement above and below the open and close price and given the message about the next movement. Candlesticks show the emotion of buyers and sellers by visually representing the size of the candles. Candlestick chart of the stocks show about their historical performance and also help us to assume future performance base on the historical data. candlestick chart of the stock shows their one-day data, one month, one year and five-year performance mean from their starting to current level performance. Candlestick chart of the stocks is a combination of candles and candlestick patterns.in the price action trading given the priority to a candlestick chart.
The basic of candlesticks
Bullish Candle: When the close is higher than the open (green candle)
Bearish Candle: When the close is lower than the open (red candle)
Candlestick chart also is known as a Japanese candlestick chart.
· Candlestick chart helps us to find out support and resistance level of the stock.
· Candlestick chart helps us to find out the trend of the stock.
· Candlestick chart helps us to know the strength and the weakness level of the stock.
· Candlestick chart helps us to predict next day opening and future of the stock.
· Candlestick chart helps us to know the breakout side of stock during the sideways or range-bound trend.
· Candlestick chart helps us to know the buyers and seller’s movement and their emotions.
Chart reading is the most important factor in the stock market. If you don’t know how to read the language of candlesticks and how to identify the signals on the chart then we will teach you and become a successful and skillful chart reader trader and investor. IFM TRADING ACADEMY CHANDIGARH teaches you how to bright your future in the stock market.
Trader, equity advisor