An important Thread 🧵👇

✅ An introduction to Price and Volume Action.

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There is a saying in the indian stock exchange " Bhav Bhagwan Che ! " which forms the basis for price action and ultimately technical analysis.

Price Action is basically looking at price and the actions/ patterns it made during the tug of war betweern bulls and bears.

Price action helps us identify proper buy and sell areas.

It helps us understand supply and demand zones and based on the patterns we can assume who is going to take ground either bulls or bears.

We use candlestick to understand price action. Candlesticks are technical tools which helps us by providing sessions Open, High, Low & Closing price of that candle in a graphical representation which looks like a candle.

A candle stick is a tug of war between bulls and bears. We come to know who when when looking at closing price. So if the closing is above opening then bull have won and if cloing below open then bears have won. By this you must have understood how important is closing price