Now we will understand the concept of a candle, since we are going to do candlestick analysis.
It is important to understand the basic terminologies associated with a candle.
So a candle has two broad parts.
So a rectangular part, which you can see here, is called Esbati.
So this is the body of the candle.
And there are two extreme points.
They are as Vic or Shadow.
Aput.
Point is called upper shadow and lower extreme is called lower shadow.
You can have two types of broadly candles.
One is called as one candle and another is candle.
Bulk candle is a candle where open is lower at lower side and closes at a higher side.
So that means on that particular date, market closed higher.
Then it's open when talking about work and openings at top and lose at the lower side.
So let's say open at one hundred and close at 90.
And in this case, open at 110 and close at 125.
These extreme points are called as high and low.
So let's say the highest point at which the stock was traded was 130 and lowest point was C ninety five.
So this is how you have to understand the concept of Candle will be talking more about this incoming
slate.
But here you just understand that the candle has two important parts, a body and a week.
So because an upper side as well as lower side, and this is how you have to understand the candle,
I hope you have understood the concept.
Let's go to the next video.