Line Chart

What is Role Reversal?

Once a trendline support or resistance is broken, its role is reversed. If the price falls below a support line, that line will become resistance. If the price rises above a resistance line, it will often become support. As the price moves past a line of support or resistance, it is considered that supply and demand have shifted, causing the breached line to reverse its role. For a true reversal…
Candlestick Chart

What is Trendline & Channels? You should know about it.

Trendline and Channels are one of the most simple and useful tools in the market. During an uptrend, a trendline is formed by joining lowest points of periodic pull-backs, defined as secondary moves in the previous section. The up-trend line has positive slope. To be precise we need two lows to join to form a trendline during an up-move. This line is then extended in the upward direction; the third…
Candlestick Chart Line Chart

How to know/Predict stock market Trend?

Often market movements happen in the form of trends. A price trend is a continuous or a directional price movement in upward or downward direction. We call them up -trend and down -trend respectively. Now if we look at price action in market through charts, we will find that no price movement happens in a straight line. Suppose we are looking at a broader uptrend represented as primary move, we…
Candlestick Chart Home

Why Candlestick chart is favourite of Traders, Here you must know some facts.

Price action traders rely on candlesticks because they convey a great deal of information about each trading period in a visual format that is easy to interpret, allowing traders to compare the behavior of price in different time periods with a quick glance at a price action chart. Each candlestick can be “read” as a meaningful part of the developing narrative of price. They communicate the “market sentiment”.whether (and to…
Candlestick Chart Home

What are Candlesticks, Do you know the basics?

Put simply, candlesticks are a way of communicating information about how price is moving. Candlestick charts are available on ThinkForex trading platforms for all assets individuals can trade on the platforms. Below is a sample of a candlestick chart derived from the ThinkForex web trading platform: This chart shows price on the right (vertical) axis, and time on the bottom (horizontal) axis. Moreover, the chart is made of bars that…
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Types Of charts available in Stock Market

Charts are two-dimensional representation of price over time. There are many types of charts available. But most popular and widely used among them are Line Charts, Bar Charts and the Candlestick Charts. The X axis,i.e. the time axis is crucial. The unit can be month, week, day, hour, 5 min or few seconds. The shorter the time period, more detailed the chart becomes. The beauty of time in technical analysis…