How to Read a Candlestick Chart in 5 Minutes
Every candlestick tells a story – of buyers, sellers, and the fight between them.
🔹 Green Candle = Buyers won that period
🔹 Red Candle = Sellers won
🔹 Long Wick = Rejection from one side
🔹 Doji = Indecision — wait for confirmation
🔹 Engulfing Candle = Power shift
Bullish Engulfing = Big green candle covering previous red → Strong buying
Bearish Engulfing = Big red covering green → Trend reversal
✅ Combine candlesticks with:
Support/Resistance
Volume
Timeframe relevance (Daily > 15min)
📌 Example:
At ₹300 support, stock forms a Hammer candle with volume → Bullish signal
Next day: Breaks previous high → Confirmed entry
BAJAJ-AUTO
🧠 Don’t trade only on candle shape — always see context, location, and confirmation.
#WatchOutFor
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