Line chart
by PRASHANT SHAH -
Closing price is the last traded price of the session. When you check the position of your portfolio when the market is open, the price that you see and evaluate your portfolio is known as CMP (current market price). When market closes, the last traded price is considered as a closing price. But when we ... Read more
Bar chart
by PRASHANT SHAH -
You may recall that the line chart connects a single price (closing price) to plot the chart. We discussed about four prices that we get for each session: Open, High, Low and Close. Instead of only considering closing price of a particular session, all prices of the session can be plotted in the format of ... Read more
Candlestick chart
by PRASHANT SHAH -
Candlestick charts are probably one of the most popular and widely followed charting method. It is considered to be among the oldest Japanese charting method. The early form of candlestick chart patterns was explained by Homma Munehisa in his in book titled The Fountain of Gold – The Three Monkey Record of Money. This book ... Read more
Trend & Phase analysis
by PRASHANT SHAH -
Trend Broadly, there are two types of trends: Bullish (teji) or Bearish (mandi). Teji and Mandi are the popular words used by the market participants in India. When majority of market participants are keen to buy even at the higher price, the price will keep rising and we call it Teji or bullish trend. When ... Read more
About the book
by PRASHANT SHAH -
I have been practicing price action and multiple charting methods. I realised how price action becomes so interesting by using various charting methods and their unique properties. Price is same but their presentation is different on various charts and that becomes interesting from practical trading perspective. I wanted to write about this method in detail ... Read more
Bibliography
by PRASHANT SHAH -
(In alphabetical order) Aby, Carroll D. J. Point & Figure Charting: The Complete Guide. Grinville, SC: Traders Press Inc., 1996. Bollinger, John. Bollinger on Bollinger Bands. New York, NY: McGraw-Hill, 2002. Bulkowski, Thomas N. Encyclopedia of Chart Patterns. New York, NY: John Wiley & Sons, Inc., 2000. Dorsey, Thomas J. Point & Figure charting: The ... Read more
