The Candlestick pattern was invented by a Japanese Rice Trader 300 years ago. Let's understand what is candlestick chart? & how to read candlestick charts & patterns?. Candlestick pattern is the most preferred method for technical analysis by traders & analysts in their routine. You can see the plots of all the prices in the chart, i.e. open, high, low and close prices. Also, learn to read about the candle range, analyse the volume of trade looking at the candle and the logic behind the candlestick formation as per colour change.
Candlestick chart is available hourly and weekly for technical analysis of the stock market trend. In the next video, get to know about trendlines in stock & types of trends. #candlestickspattern #technicalanalysisofcandlestick #technicalanalysis #techincalanalysisofstocks #technicalanalysisforbeginner #finshool #5paisa #stockmarket #sharemarket #stockmarketupdates
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About Ruchit Jain:
Ruchit Jain is Lead Research Analyst at 5paisa. He has a vast experience of 14 years in this field and is proficient in Technical and Derivatives Research. He has completed his CMT (U.S.A.) and has done Masters in the field of Finance at Mumbai University.
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