What Is Monthly Candlestick 

Knowing candlestick charts becomes essential for identifying market trends and arriving at well-informed trading judgments in the world of stocks. The monthly candlestick is one of the most important time frames because it may give a deeper awareness of price movements and market dynamics than any other. This blog post will discuss monthly candlesticks, their main ideas, and how useful they are for long-term stock price analysis. Using Tata Motors as a case study, we will explore the subject of monthly candlesticks in this blog article. By analyzing the company's open, closed, high, and low prices, we will gain a better knowledge of monthly price dynamics.

Monthly Candlestick 

- Opening Price: The price at which the first trade was made on the first trading day of the month is the opening price of a monthly candlestick.

- Closing Price: On the final trading day of the month, the closing price is the price at which the trade was made.

- High Price: The month's highest price at which the stock traded for the month.

- Low Price: The month's lowest price at which the stock traded for the month.

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Monthly candlesticks provide valuable insights into price movements and investor psychological state over extended periods, making them an important time frame in the world of stock trading. A whole month of price action can be seen in a single candlestick, giving investors a complete picture of market activity and price swings.

Let' example TATA MOTORS In January 2024, Tata Motors' monthly candlestick would provide important details about price changes and market sentiment. To assess market dynamics and possible trends, traders and investors can examine the candlestick's patterns, including the body's size and wick length. A thorough analysis of Tata Motors' stock performance and general market trends can be obtained from monthly candlesticks.

IN THE YEAR TOTAL OF 12 CANDLE

let's go to Trading View to Read the Chart

- Opening: ₹784 - The share price of Tata Motors opened at ₹784 in January 2024.

- Closing: ₹884 - Tata Motors' stock closed at ₹884 at the end of the month, indicating the

mood of investors and the state of the market.

- Highest: ₹896 – Tata Motors' stock peaked in January at ₹896, signifying periods of

optimism or purchasing pressure.

-Lowest: ₹775 - Tata Motors' shares fell to ₹775 at their lowest point in January, indicating

times when there was selling pressure or market pessimism.

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 conclusion

monthly candlestick analysis is essential for determining long-term patterns in the financial markets and for analyzing stock values. Traders and investors can make informed decisions and obtain significant insights into market dynamics by looking at the open, close, high, and low prices of each month. Gaining insight into the significance of monthly candlesticks helps market players to more confidently and clearly navigate the complex world of stock trading.