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In stock trading, the charts play a significant role to analyze the data relevant to stocks or commodities. The technical charts are of four main kinds. Line chart, Bar Chart, Candlestick chart and point and figure charts are the four types of charts. In this article, I have discussed the three mainly used charts.
Line Charts:
Line chart is the basic type of chart, which shows the representation of the closing price of the stocks or commodities over period of time. The chart is formed by connecting all the closing prices of the stocks over certain period. Line chart is said to be basic chart, as it does not show the all the prices like high, low and opening prices of the securities. Nevertheless, the closing price of the stocks is considered the most important information to predict the future price of the stocks as compared to the high and low prices.
Bar Charts:
Bar chart is more detailed chart than the line chart as it has more information of the price of the stocks. The chart is made up of vertical lines, which represents the data points of the stocks. The data points include the high price of the stock, low prices of the stocks and the closing price of the stocks over certain time. The dash of the left side of the vertical bar shows the opening price of the stock. The dash on the right side of the vertical bar shows the closing price of the stocks. Ncdex tips accurate Ncdex tips In the case, when the open is lower than the close then there is uptrend of the market.
Candlestick Charts:
Candlestick chart is similar to bar charts, only there is slight difference in the representation.accurate Ncdex tips, NCDEX Tips, Best NCDEX Tips, Agri Commodity Tips,
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Line Charts:
Line chart is the basic type of chart, which shows the representation of the closing price of the stocks or commodities over period of time. The chart is formed by connecting all the closing prices of the stocks over certain period. Line chart is said to be basic chart, as it does not show the all the prices like high, low and opening prices of the securities. Nevertheless, the closing price of the stocks is considered the most important information to predict the future price of the stocks as compared to the high and low prices.
Bar Charts:
Bar chart is more detailed chart than the line chart as it has more information of the price of the stocks. The chart is made up of vertical lines, which represents the data points of the stocks. The data points include the high price of the stock, low prices of the stocks and the closing price of the stocks over certain time. The dash of the left side of the vertical bar shows the opening price of the stock. The dash on the right side of the vertical bar shows the closing price of the stocks. Ncdex tips accurate Ncdex tips In the case, when the open is lower than the close then there is uptrend of the market.
Candlestick Charts:
Candlestick chart is similar to bar charts, only there is slight difference in the representation.accurate Ncdex tips, NCDEX Tips, Best NCDEX Tips, Agri Commodity Tips,
Email:- [email protected]