Candlestick help

AshokLeyland is moving upwards but forming red candles(1 day chart) on each day. What does the sticks are trying to say ?

That means

open > Close

note that candle color is based on open & close of that day not previous day close.

It’s showing you that two institutions are fighting at the moment. The buyer is facing selling pressure from the opposite side but is still able to overcome and take price higher day on day…

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Gr8. That explanation i was needing. So can we say good days are back for ashok Leyland?

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Or maybe just because today is Quarterly Result :wink:

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Probably. One can never be sure though.

From my view, I think it will go down,
When more people sell and bring price down, the buyers starts to loose hope by seeing red candles and start to sell and may bring the price more down.