Charts basics: candles, support, resistance

Transcript

What Hira says, in Roman Urdu, with the English translation beneath each line.

1. 0:04Assalam-o-Alaikum, welcome to danioPSX. Aaiye seekhein, financial independence ke liye.Assalam-o-Alaikum, welcome to danioPSX. Let's learn, for financial independence.
2. 0:14Ye hai lecture number eleven. Aaj hum chart parhna seekhenge: candles, volume, moving averages, aur support aur resistance ke pivot levels.This is lecture eleven. Today we learn to read a chart: candles, volume, moving averages, and pivot levels for support and resistance.
3. 0:31Ye hai danioPSX ka full-screen chart. OGDC sirf example hai, kisi bhi share ka chart uske stock page se khul jata hai.This is the danioPSX full-screen chart. OGDC is only an example; any share's chart opens from its stock page.
4. 0:43Default view candles hai, aur har candle ek trading day hai. Line view sirf closing prices ko jodta hai, jab ke candle poore din ki kahani batati hai.The default view is candles, and each candle is one trading day. The line view only joins the closing prices, while a candle tells the story of the whole day.
5. 0:55Chart ke upar har din ke chaar numbers hain: O matlab open, H high, L low, aur C close. Saath mein percent change aur volume bhi.Above the chart are each day's four numbers: O for open, H for high, L for low and C for close. Plus the percent change and volume.
6. 1:05Ye buttons time range badalte hain, one month se max tak. Chhoti range mein har din saaf dikhta hai, lambi range mein bada trend.These buttons change the time range, from one month to max. A short range shows each day clearly, a long range shows the bigger trend.
7. 1:16Neeche volume bars hain, yaani har din kitne shares trade hue. High volume par price ka move zyada convincing samjha jata hai, low volume wale move ke muqable mein.Below are the volume bars, how many shares traded each day. A price move on high volume is seen as more convincing than one on low volume.
8. 1:29MA 50 aur MA 200 moving averages hain, yaani pichle fifty aur two hundred din ka average close. Price two hundred day average se upar ho to long-term trend up samjha jata hai.MA 50 and MA 200 are moving averages, the average close of the last fifty and two hundred days. When the price is above the 200-day average, the long-term trend is seen as up.
9. 1:41vs KSE-100 button share ko index ke saath compare karta hai. Is se pata chalta hai ke ye share market se aage chal raha hai ya peeche.The vs KSE-100 button compares the share with the index. It shows whether the share is running ahead of the market or behind it.
10. 1:58Support woh level hai jahan pehle buying ne girawat roki, aksar pichla low. Resistance woh jahan selling ne rise roka, aksar pichla high. Is button se aap chart par level mark kar sakte hain.Support is a level where buying has stopped a fall before, often a previous low. Resistance is where selling has stopped a rise, often a previous high. This button lets you mark a level on the chart.
11. 2:12Pivot point calculator kal ke high, low aur close se aaj ke levels nikaalta hai, jahan short-term traders support ya resistance expect karte hain. Share chunein, numbers khud fill ho jaate hain.The pivot point calculator works out today's levels from yesterday's high, low and close, where short-term traders often expect support or resistance. Pick a share and the numbers fill in.
12. 2:26Pivot, yaani high, low aur close ka average. Upar resistance one, two aur three, neeche support one, two aur three. Classic aur Fibonacci dono tarah ke levels milte hain.The pivot is the average of the high, low and close. Above it are resistance one, two and three; below, support one, two and three. Both classic and Fibonacci levels are shown.
13. 2:44Yaad rakhein: pivots kabhi kabhi isliye kaam karte hain kyun ke bohat log inhein dekhte hain. Ye predictions nahi hain, aur long-term investors ke liye inki ahmiyat kam hai.But remember: pivots sometimes work because many people watch them. They are not predictions, and they matter little for long-term investors.
14. 2:55To aaj humne seekha: candles aur volume, moving averages, aur support, resistance aur pivot levels. Homework: kisi share ka chart kholein, MA 200 on karein, aur dekhein price upar hai ya neeche.So today we learned: candles and volume, moving averages, and support, resistance and pivot levels. Homework: open any share's chart, switch on MA 200, and see whether the price is above or below it.
15. 3:10Next lecture mein hum seekhenge fundamental aur technical analysis mein kya farq hai. Video achi lagi ho to subscribe karein. Ye sirf education ke liye hai, investment advice nahi. Allah Hafiz!In the next lecture we'll learn the difference between fundamental and technical analysis. If you liked the video, please subscribe. This is for education only, not investment advice. Allah Hafiz!