We recommend reading this chapter on Varsity to learn more and understand the concepts in-depth.
Key takeaways from this chapter
- Conventional charts can’t be used for TA as we must plot 4 data points simultaneously.
- A line chart can be used to interpret trends only.
- Bar charts are unpopular as they’re unappealing, and patterns aren’t easily identifiable.
- Candlesticks Types – Bullish & Bearish. The structure of the candlestick, however, is unchanged.
- Close > open = Bullish candle. Close < open = Bearish candle.
- Time frames are crucial in defining trading success.
- The number of candles grows as the frequency rises.
- Traders should discard noise from relevant information.
I wanted to learn about candle stick since long, but I got the very first basics of it related to OHLC charts. Thanks
Happy learning, Nikhil.
This was probably the simplest way to explain candle charts. Thank you very much.
Happy learning, Peter!
good video with super teaching
Glad you liked the content!
Hi,Prateek, u hv very good teaching skills. Highly appreciated.
I\’ll let him know that 🙂
explained with amazing clarity…
Happy learning!
Explain the deep in candlestick charts
We have explained everything in this module, Siddhesh.
What does the 2nd last point in key takeaways(\”The number of candles grow as the frequency rises\”) mean?
Higher the frequency, the higher the number of candles.
For example, for 17th Jan 2023, on an end-of-day basis, there is only one candle, but if you look at 10 mins intraday chart of 17th Jan, you will find many candles.
Thank you so much for doing this for free…really useful and easy to learn…
Happy learning 🙂
Sir, which platform will you recommend to see the charts or accordingly modify them to understand the patterns ?
Either ChartIQ of Trading view, Nikhil.
Hey there, I am Tanish here I want to ask you is that the video series you have give over here, what do u recommend either video or reading and why??
Read and supplement your reading with the videos, Tanish.
happy learning. Thanks zerodha
Time frame konsa use karunga day trading k liya?
So far Excellent, Excited to proceed..
Keep learning 🙂
What does the last point in takeaways \” Traders should discard noise from relevant information.\” mean?
For example, a 1-minute chart generates 1000s of candles, which may not have useful information. You can discard that and use 15 mins or maybe even end-of-day charts.
Thank you sir
Good luck!
Hindi me video post karo sir please.
Brilliant place to develop your beginn er knowledge. Highly recommend for #BEGINNERS.
Happy learning!
Really helpful and wonderful job.
This is what I was looking for. Thanks Zerodha
Happy learning!
Very good video and explained well