It shows that the prices opened, the bulls pushed the prices up and closed higher than the opening price. If the real body is empty, white or green then it means that the close was higher than the open known as the bullish candle. It shows that the prices opened, the bears pushed the prices down and closed lower than the opening price. When the real body is filled, black or red then it means that the close is lower than the open and is known as the bearish candle.
This real body shows the price range between the open and close of that day’s trading. The candlestick’s wide or rectangle part is called the “real body” which shows the link between opening and closing prices. In the 1700s, a Japanese man known as Homma discovered that as there was a link between price and the supply and demand of rice, the markets also were strongly influenced by the emotions of traders.Ī daily candlestick chart shows the security’s open, high, low, and close prices for the day.
Bottomline: How to Read Candlestick Charts?Ĭandlestick charts originated in Japan over 100 years before the West had developed bar charts and point-and-figure charts.You can also watch the video on candlesticks charts from here.Trading made easy with Candlesticks in Tamil – Identifying trading opportunities using candlesticks analysis. Short Online Webinars on Candlestick Patterns:.Short Online Courses on Candlestick Patterns:.Filter Stocks with Specific Candlestick Chart Patterns using StockEdge:.
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