Candlestick chart reading is one of the most basic skills of sharemarket learning. Regardless
of whether you’re learning in sharemarket classes or through self-study stockmarket
courses, candlestick chart reading is crucial. Candlestick charts allow investors and traders to
interpret price movement, forecast trends, and make intelligent decisions. If you’re a beginner
in the sharemarket or stockmarket, this tutorial will guide you through all you need to
know—in simple, beginner-friendly terms.
A candlestick chart is a stock market chart that indicates the price movement of a stock
within a given time interval. A ‘candlestick’ indicates the open, high, low, and close (OHLC)
prices of a given session. The body of the candle indicates the range of opening and closing
prices, and the wicks (or shadows) indicate the high and low prices.
Candlestick charts form the basis of stock market learning. Whether you are taking stock
market institute classes or are under stockmarket coaching, you will come across
candlestick chart study in a big way. That is because candlestick charts simplify intricate data
into easy-to-understand terminology. For a beginner in stock market training or share
market training, candlestick charts serve as the way forward to more sophisticated methods.
1. Bullish Engulfing: Strong buy signal when a green candle completely engulfs a red
candle.
2. Bearish Engulfing: Shows potential for downturn when a red candle engulfs a green
one.
3. Hammer: Turns up at the end of a downtrend; may indicate reversal.
4. Shooting Star: Turns up at the end of an uptrend; may indicate a possible reversal.
5. Doji: Indicates indecision in the market; usually appears before a change in trend.
When you’re learning share market classes or stock market coaching classes, you’ll
be practicing these patterns frequently.
Candlestick Analysis in Live Stock Market Classes
Live stock market classes frequently involve real-time chart analysis. Coaches demonstrate
how to use candlestick reading on real stocks. Practice with this enhances the learning of the
stock market and increases your confidence for trading.
Tools Used for Candlestick Charting
• TradingView: Widely used among stockmarket coaching websites.
• MetaTrader: Employed in higher-level stockmarket courses.
• Broker Platforms: Most stock brokers offer in-built charting tools.
If you are sincere about stockmarket education, mastering candlestick reading is not
optional. From grasping rudimentary patterns to making live trading decisions, candlestick
charts help you understand the sharemarket with conviction. Whether enrolling at a
stockmarket institute or pursuing online stockmarket courses, candlestick reading has to
be your initial benchmark.