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Showing posts from March, 2020

What is Candlestick Chart?

Candlestick chart: It is a technical tool use to analyse the changes of the stock prices in given period of time. It is based on past data to forecast the future changes in the stock prices. It is also known as Japanese Candlestick chart. The chart shows opening price, closing price, high and low prices of stock for specified period. In candlestick chart the wider part is known as real body which can be white/green and black/red according to the market conditions. The top and bottom line of a candle is known as wick/shadow /tail which represents shows high and low prices. The upper end of the candle shows opening price and lower end of the candle shows closing price in bearish market. Bullish market: When the closing price is higher than the opening prices in a given period is known as bullish market. And the real body is in green or white colour. The closing price shows in upper side of wick and opening prices shows in lower wick of candlestick.   Bearish marke