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
Divergence pattern & Noiseless charts
by PRASHANT SHAH -
Identifying stocks using Divergence pattern and Noiseless charts Divergence between price and indicator is a popular method. We keep getting pattern of divergences during strong trends, price confirmation is required to trade them. There are four types of divergence patterns: Bullish DivergenceBullish Hidden DivergenceNegative DivergenceBearish Hidden Divergence Below is a method explaining how to seek confirmation ... Read more
Trading short-term setups in Multi-timeframe breakout candidates
by PRASHANT SHAH -
Let’s discuss another idea to explore a method of multi-timeframe analysis and planning short-term trades based on it. We will use two types of charting methods for this. Concept Stock is bullish on multiple timeframes and there is a setup in short-term that indicates that there is a scope for price to rally or fall further.Let’s define ... Read more
Pullback Price pattern
by PRASHANT SHAH -
Pullback Price patternPullback pattern can be defined as a pattern of retracement after prior breakout. If I draw a bullish pullback pattern on a piece of paper, it will look like below image. So, there are three aspects: Bullish breakoutFollowed by retracement upto the breakout level of the patternMove up again Let’s make it objective on ... Read more
