VideoWhat the RSI indicator actually tells you (and what it doesn't)
RSI measures how stretched a recent move is on a 0 to 100 scale. It is useful for timing, useless for prediction, and misread by most beginners.
Technical analysis
A chart bar showing a period's open, high, low and close as a body and wicks, coloured by whether price closed above or below its open.
A candlestick shows four prices for one period: the open, the high, the low and the close. The thick part, called the body, runs from open to close. Thin lines above and below, called wicks or shadows, mark the high and low. If the close is above the open, the candle is usually green; if below, red. A daily candle for SBI might show open ₹800, high ₹812, low ₹796, close ₹808: a green body from 800 to 808 with a small wick on each side. Candles can be set to any timeframe, from one minute to one month. Traders read the size and shape of candles and how they group together to judge who is in control, buyers or sellers. Patterns such as doji, hammer and engulfing come from this. A single candle is rarely enough on its own; context and the trend around it matter.
VideoRSI measures how stretched a recent move is on a 0 to 100 scale. It is useful for timing, useless for prediction, and misread by most beginners.
A candle is four prices drawn as one shape. Learn to read the shape first, then five patterns that only mean something at the right place on the chart.
Support and resistance are the prices where the market has changed its mind before. Here is how to find the ones worth marking and how to use them with a stop.