What is a Candlestick Chart?

English: A candlestick chart is a type of price chart used in stock market or crypto trading. Each candlestick shows the open, close, high, and low prices for a specific time period.
Hindi: Candlestick chart ek price chart hota hai jo stock market ya crypto trading me use hota hai. Har candlestick ek specific time period ka open, close, high aur low price dikhata hai.

📌 Structure of a Candlestick

  1. Body (Madhya Hissa)
    • English: The thick part of the candle is called the body. It shows the range between open and close prices.
    • Hindi: Candle ka mota hissa body kehlata hai. Ye dikhata hai ki us period me stock kitne price par open hua aur kitne par close hua.
  2. Wick / Shadow (Batti ya Poonchh)
    • English: The thin line above and below the body is the wick. It shows the highest and lowest prices during that period.
    • Hindi: Body ke upar aur neeche wali patli line ko wick ya shadow kehte hain. Ye dikhati hai ki us waqt stock ka highest aur lowest price kya tha.

📌 Colors of Candlestick

  • Green / White Candle (Bullish)
    • English: If the closing price is higher than the opening price → Candle is green → Price went up.
    • Hindi: Agar closing price opening se zyada hai → Candle green hogi → Matlab price upar gaya.
  • Red / Black Candle (Bearish)
    • English: If the closing price is lower than the opening price → Candle is red → Price went down.
    • Hindi: Agar closing price opening se kam hai → Candle red hogi → Matlab price neeche gaya.

📌 How to Read Candlesticks?

  1. Long Green Candle
    • English: Strong buying pressure, bulls are in control.
    • Hindi: Zyada kharidari hui hai, buyers strong hai.
  2. Long Red Candle
    • English: Strong selling pressure, bears are in control.
    • Hindi: Zyada bechne wale strong hai, price gir raha hai.
  3. Doji (Small Body, Long Wick)
    • English: Market is undecided, buyers and sellers are balanced.
    • Hindi: Market confuse hai, buyers aur sellers dono equal power me hai.
  4. Hammer / Inverted Hammer
    • English: Possible trend reversal.
    • Hindi: Trend badalne ka signal ho sakta hai.

👉 In short:

  • Body = Open & Close
  • Wick = High & Low
  • Color = Direction (Green = Up, Red = Down)