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Volume Candles | Volume candle trading in hindi | Market Pandits - YouTube
Channel: Market Pandits
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hello friends, welcome to channel market pandits.
Today鈥檚 topic is volume candles. Friends,
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volume candles are a different kind of candle
chart that tells us about volume as well.
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This is a very powerful tool, with its help,
we can predict when volume is high or less
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in the market. We can predict entry as well
based on volume. Let us see types of vol candles.
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These look like normal candles and they are
of 4 types and are in 2 colours red and green.
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Red solid, red hollow, green solid and green
hollow are types of it. Thickness increases
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with increase in volume. More the thickness,
more the volume in that session. You can see
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on screen a NIFTY chart with different candles
and I鈥檒l try to explain these. At the bottom,
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you can see green hollow candle and a big
candle, this is a bullish candle, close price
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is higher than open. Buyers have dominated
this session and dragged the price up. second
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candle is red hollow, before that, hollow
means bullish and solid means bearish. Red
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hollow means, even though it is bullish but
in the session sellers have dominated. Selling
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was more but still price went up. Same way,
red solid candle that shows seller dominated
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session with price dragging down, close price
is less than open. Similarly, green solid,
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solid so it is bearish, but volume is positive.
It means buyers were active in the session
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but they couldn鈥檛 drag the price upwards.
Let鈥檚 see, how these candles can help in
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decision making. You can see a reliance chart,
normal scenario we use normal candle. And
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we add volume panel down but there we have
to correlate bot the things, when the volume
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was high or when it was less that鈥檚 where
we face difficulty in decision making. When
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we start volume candles, we see thicker candles
at the place of high volume. We can see minor
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downtrend; Biggest profit of this candle is
when you use it with pivot or rsi. So there
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you know an entry point (for that matter any
indicator vwap, supertrend). but with that
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if you see a thicker candle it confirms that
the entry is with a high volume which means
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that trend may continue. If you see red candle
as the same thickness and small candles (which
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are majorly pull backs). Based on this you
can make decisions where you can take entry.
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How to plot? all major brokers zerodha, upstox,
kotak etc you would get this option in charting.
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fyers or tradingview perhaps doesn鈥檛 have
this option, but other that most brokers have
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this. you can use this for entry confirmation.
In previous video I have told you that volume
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in stock selection. so, this was my topic
where I tried to share my experience. How
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