RBLBANK!Simple explanation:
Candlesticks: Each candlestick shows the price of the stock for one day. A green candlestick means the price went up that day, and a red one means the price went down.
Fibonacci Retrenchment Levels: These horizontal lines are like checkpoints, showing important price levels where the stock might stop and change direction. Think of them as guideposts on a trail.
Price Targets: These are the expected price levels the stock might reach. For example, if the stock moves up, it could hit the price target marked by an arrow.
Volume: This shows how many stocks were traded. A high volume means lots of people were buying or selling that day.
Current Price: The current price of the stock is ₹152.79, which is down by 7.02%.
So, traders use this chart to understand past price movements and predict future changes, helping them make decisions on buying or selling the stock. 📈📉
Hope this helps! If you have questions, just let me know.
