CONCEPT OF CHARTS

-

 

CONCEPT OF CHARTS

For making any inferences about a stock over a period of time, we need to know its present value and the way the stock price/value has fluctuated during the period combined with various other factors. For this purpose, we use charts provided by charting platforms/sites which reflects the changes in a stock price/value as per our preferences. Most importantly, charts give ideas about the levels/prices between which a stock is consolidating (sideways movements) and the upper/lower values beyond which the stock is struggling to move out (Resistance/Support).

There are many charting platforms available for free which we can use for viewing stock charts. The charting platforms mostly used by me are TradingView and Investing. Both the platforms have hundreds of useful tools. We can directly search the name of the platform we want to see and browse through them.

Platforms link and Interface Screenshots-

TradingView




Investing


Here we can explore and apply each tool on our desired charts. More about tools and additional features will be discussed in relevant blogs.

Comments

Post a Comment

Popular posts from this blog

Bullish and Bearish Candle Concepts

-
Image
 The price of any share continuously goes up and down during the market hours. While moving up and down the price will reach a maximum value (High) and will also go down to a minimum value (Low) . When the market opens the price of a share will also have a starting value (Open) and when the market Closes, the price of the share will also stop moving and will have a fixed value (Close) . High - Highest Value     Open - Opening Value     Close - Closing Value     Low - Lowest Value BULLISH CANDLE - It indicates that the price of the stock/instrument has gone up. It is generally green in color. BEARISH CANDLE - It indicates that the price of the stock/instrument has gone down. It is generally red in color.
Read more

Concept of Chart Patterns

-
Concept of Chart Patterns - The market values continuously keep changing.   This change is due to some news, events or behavior/ sentiments of the traders which results in forming definite shapes or patterns of the Candle Stick. These patterns can be of various types & can be bullish or bearish in nature. Trades can be planned based on the knowledge and confirmations given by the patterns formed. Examples of patterns - Hammer, Shooting Star, Head-Shoulder, Double Top, Double Bottom, Cup-Handle, Pennant/Flags, Triangles, Rectangles, Wedges , etc. We can get better understanding of the market movements if we thoroughly know the pattern types , psychology behind the patterns and the pre-requisites for their formations which will be covered in designated blogs.
Read more

Basic Candle Concepts

-
Image
CANDLE A candle tells us about the price of a share. It will show us clearly the changes in the stock price/value. If a share price goes down then we will see a red candle and if a share prices goes up then we will see a green candle. A candle has  two(02) sections- Wicks and Body as indicated below- High- Highest Value Open- Opening Value Close- Closing Value Low- Lowest Value   Wicks/Shadows give an idea about the highest and the lowest price to which the stock moved. The body gives an idea about the Opening Price and the price at which the share finally settled (Close) for the time frame. We can view candles in many time frames. If you want to see changes in a stock price per minute then you can set the candle time frame to 1 minute and accordingly you’ll see one candle each with High, Low, Open and Close price values for every minute. This time frame can be of different durations like you can set your candles time frame to 1min, 2min, 3min, 5min, 1hour, 4hour, 1day, 1week, etc
Read more