1 00:00:00,960 --> 00:00:10,500 Now, let's understand, what does a candidate tell you, a candle speaks with us, so if you can understand 2 00:00:10,500 --> 00:00:14,620 what exactly it is trying to tell us, then we can largely benefit from it. 3 00:00:14,910 --> 00:00:21,480 So let's now understand what KANDELL tells you, what information it gives you. 4 00:00:22,080 --> 00:00:30,500 So a candle, first of all, gives you these four data points or HLC open high, low and close. 5 00:00:30,840 --> 00:00:32,190 This is what it tells you. 6 00:00:32,470 --> 00:00:33,020 First. 7 00:00:33,600 --> 00:00:39,000 Second, it tells you who won the battle, who won the battle on that particular day. 8 00:00:39,340 --> 00:00:45,330 When we talk about blue candle green one, we can say that we won the battle. 9 00:00:45,930 --> 00:00:49,470 Isn't it because market closed higher than it's open? 10 00:00:49,770 --> 00:00:57,150 We can say that was won, whereas in Bear Candle we can say that Bears won the battle on that particular 11 00:00:57,150 --> 00:00:57,340 day. 12 00:00:58,110 --> 00:01:02,310 So the second piece of information that I can tell you is who won the battle? 13 00:01:03,510 --> 00:01:13,170 Third information is how much bulls and bears were in control, so this you can tell by the length of 14 00:01:13,170 --> 00:01:13,690 its body. 15 00:01:14,010 --> 00:01:16,020 So let's say this, the green candle. 16 00:01:17,400 --> 00:01:18,690 So then it is a green candle. 17 00:01:18,900 --> 00:01:24,660 We can say that once won the battle, but how much they were in control. 18 00:01:26,180 --> 00:01:34,160 Let's see another green candle, Wolf Candle, which is slightly longer than previous one, so we can 19 00:01:34,160 --> 00:01:41,660 say that in second case, bulls were in more control of the market than in first case. 20 00:01:42,620 --> 00:01:49,360 We take another example where this is the body, very small body and very small range. 21 00:01:49,820 --> 00:01:57,230 So the third type of candle wherein we can say that bulls won the battle, but they were not much in 22 00:01:57,230 --> 00:01:58,360 control of the market. 23 00:01:59,720 --> 00:02:06,100 So using the candle, we can tell who was in control and how much that is very important. 24 00:02:07,780 --> 00:02:12,340 Second last thing that is, it tells you, is the range of the body, what was the range? 25 00:02:12,350 --> 00:02:19,050 So you just deduct high from the low, you get the range of the body. 26 00:02:19,300 --> 00:02:26,920 And when we find out the range of the body, we can find out the volatility that is associated with 27 00:02:26,920 --> 00:02:28,770 the market. 28 00:02:29,080 --> 00:02:33,350 So it again tells you how volatile is the market on that particular day. 29 00:02:34,060 --> 00:02:40,030 And last but not the least, a candle can tell you what can happen in the future. 30 00:02:40,480 --> 00:02:41,890 So this is very important. 31 00:02:41,890 --> 00:02:49,570 If we can find out what can happen with that particular stock in future, we can take benefit of that. 32 00:02:49,690 --> 00:02:58,510 If we know that it is going to go up in future, we can take our position on that particular direction 33 00:02:58,720 --> 00:02:59,990 and benefit from it. 34 00:03:00,790 --> 00:03:04,450 So that is what a candle tells you. 35 00:03:04,480 --> 00:03:10,830 So a candle tells you very valuable information about that stock on that particular day. 36 00:03:11,140 --> 00:03:19,370 And it is our art to understand it properly, comprehend it properly and take benefit of it. 37 00:03:19,990 --> 00:03:21,430 I hope you have understood this. 38 00:03:21,790 --> 00:03:23,620 Let's now see the next concept.