NIFTYMAGICIAN

How to read BAR CHART of High, Low & Close.
MY SIMPLE METHOD...
If Close Price near to Low then BEARISH.
If Close Price near to High then BULLISH.
Make use of attached image of Tug Of War between Buyers & Sellers.
Please consider black line as distance between 2 teams. And "X" is center point and its movement of "X" from center will decide about Winning Team

Doji
Doji lines are considered to be patterns with the same open and close price. There are four special types of doji lines.



Long-legged Doji: Comprised of long upper and lower shadows with the price in the middle of the range. It indicates indecision.

Dragonfly Doji: Comprised of a long lower shadow and no upper shadow. It is a fine indication of bearish trend reversal.

Gravestone Doji: Comprised of a long upper shadow and no lower shadow. It is a perfect indication of bullish trend reversal.

Four Price Doji: Open, high, low and close are all the same for a trading day. It's a very distinctive line that indicates the indecision of the traders, or a very quiet market.

Many people get confused in analysing candle. Bullish candle doesnt not necessarily mean higher close above yesterday close. For Eg: A big gap down opening and then good recovery but still closed negative. Now this will show a bullish or green color candle in your charts. So you need to understand that whenever price closed above the opening price then it is bullish candle.