Technical Analysis

Live Candle Formation on Charts

A lot of beginners out here may not have seen the live formation of candles on a candlestick chart.

During market hours, new candles are formed every minute – creating new patterns which traders use to plan their next trade.

Live candle formation is most obvious on a 1-minute chart, as every minute a new candle is formed – depending on the price movement in that minute.

Green candles means the price has gone up and red candle means the price has fallen.

The video below shows the live chart of Reliance Industries on 7th February 2020. The price of the stock is moving between ₹ 1436 to 1437 per share.

The video also shows other time frames like 2 minutes, 5 minutes, daily chart etc. But as you can see in the video, the movement isn’t very clear on daily chart. That’s because only one candle is formed through the entire day.

For more, also read: Different Time Frames and its significance in trading

Whatsapp Follow

Leave a Comment