Ritik Chopra
Quick Summary
Many times you would have seen red and green bars on stock market channels and wondered what they are. In this article, I will let you know what are these bars and their usage. Fundamental analysis of stocks mainly focuses on the financial data of the company, its balance sheet, P/L and its long
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FAQ :
A candlestick chart is a pictorial representation of a stock's price, showing its high, low, open, and closing prices for a given period.
Candlestick charts originated in Japan in the 1700s, used by rice merchants to predict market prices.
A single candlestick shows the opening price, closing price, the highest price reached, and the lowest price reached during a specific period.
The 'real body' of a candlestick is the space between the opening and closing prices.
A green (or white) candlestick indicates the closing price was higher than the opening price, while a red (or black) candlestick shows the closing price was lower than the opening price.
Wicks are the thin lines extending from the top and bottom of a candlestick's body, representing the highest and lowest prices touched by the stock.
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