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Now, let's understand, what does a candidate tell you, a candle speaks with us, so if you can understand

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what exactly it is trying to tell us, then we can largely benefit from it.

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So let's now understand what KANDELL tells you, what information it gives you.

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So a candle, first of all, gives you these four data points or HLC open high, low and close.

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This is what it tells you.

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First.

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Second, it tells you who won the battle, who won the battle on that particular day.

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When we talk about blue candle green one, we can say that we won the battle.

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Isn't it because market closed higher than it's open?

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We can say that was won, whereas in Bear Candle we can say that Bears won the battle on that particular

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day.

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So the second piece of information that I can tell you is who won the battle?

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Third information is how much bulls and bears were in control, so this you can tell by the length of

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its body.

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So let's say this, the green candle.

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So then it is a green candle.

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We can say that once won the battle, but how much they were in control.

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Let's see another green candle, Wolf Candle, which is slightly longer than previous one, so we can

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say that in second case, bulls were in more control of the market than in first case.

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We take another example where this is the body, very small body and very small range.

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So the third type of candle wherein we can say that bulls won the battle, but they were not much in

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control of the market.

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So using the candle, we can tell who was in control and how much that is very important.

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Second last thing that is, it tells you, is the range of the body, what was the range?

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So you just deduct high from the low, you get the range of the body.

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And when we find out the range of the body, we can find out the volatility that is associated with

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the market.

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So it again tells you how volatile is the market on that particular day.

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And last but not the least, a candle can tell you what can happen in the future.

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So this is very important.

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If we can find out what can happen with that particular stock in future, we can take benefit of that.

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If we know that it is going to go up in future, we can take our position on that particular direction

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and benefit from it.

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So that is what a candle tells you.

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So a candle tells you very valuable information about that stock on that particular day.

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And it is our art to understand it properly, comprehend it properly and take benefit of it.

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I hope you have understood this.

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Let's now see the next concept.