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In this session, Bharat Jhunjhunwala explains the fundamentals of candlesticks and how they are used in trading. He covers how candlesticks are formed and the significance of the open, high, low, and close prices. Bharat Sir goes into detail about the different types of candlestick patterns, including bullish, bearish, and indecisive candles, and how they can give important clues about market movement. He also introduces Dow Theory and shows how it relates to candlestick patterns. With multiple examples, Bharat Sir also helps simplify candlestick analysis and makes it easier to understand.
This session is perfect for anyone wanting to learn how to read candlesticks and use them for better trading decisions.
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Timestamp:
00:00 Preview
00:40 Simplifying candlesticks
01:40 Type of candlestick patterns
08:17 Understanding dow theory using candlesticks
10:17 Bullish candlesticks
20:18 Bearish candlesticks
24:02 Indecisive candlesticks
28:10 Conclusion
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