Chapter 2: A Course for Different Types of Charts in Technical Analysis - ICICIdirect (2024)

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Chapter 2: A Course for Different Types of Charts in Technical Analysis  - ICICIdirect (2024)

FAQs

What are the different types of charts used in technical analysis? ›

Technical analysis consists of some of the most important chart types such as – candlestick charts, line charts, point and figure charts, bar charts Renko charts etc. Among all the charts, the use of a candlestick chart is highly preferred and has developed a standard to generate price actions.

How to see multiple charts in ICICI Direct? ›

How can I view multiple charts in one view? To view multiple charts in a single view, simply select 2-4 charts and enter the different index or stock you want to view and then enter.

What are the different types of bar chart in technical analysis? ›

Bar charts display open, high, low, and close (OHLC). Encyclopædia Britannica, Inc. A bar chart may look busier than a line chart, but you can get a better idea of where the high and low prices are relative to the open or close. They can be helpful for analyzing longer-term price movements.

What are the different types of charts in detail? ›

Chart types
Purpose of the chartType of chart to use
Show groups of related data.Bar chart, column chart
Emphasize the magnitude of change over time.Area chart
Show the relationship between two measures.Scatter chart
Show the relationships between three measures.Bubble chart
6 more rows

What are the 4 most commonly used types of chart? ›

So we'll start off with four basic chart types, one for each of these value-encoding means.
  • Bar chart. In a bar chart, values are indicated by the length of bars, each of which corresponds with a measured group. ...
  • Line chart. ...
  • Scatter plot. ...
  • Box plot.

How many chart patterns are there in technical analysis? ›

There are three key chart patterns used by technical analysis experts. These are traditional chart patterns, harmonic patterns​ and candlestick patterns (which can only be identified on candlestick charts). See our list of essential trading patterns to get your technical analysis started.

How to add indicators in ICICIdirect? ›

You can add indicators by clicking on the indicator template. You can either save the new template created or load the earlier one saved. Why should I trade using My Watchlist? My Watchlist allows you to trade in all asset classes on a single screen.

How many watchlists are in ICICIdirect? ›

You can create upto 5 Watchlist on all-in-one App and on each Watch list you can add upto 50 stocks. You also get to choose from Pre-defined Watchlist, where pre-defined indices like NIFTY 50, NIFTY 100, NIFTY IT etc.

What are the two types of technical analysis? ›

The two major types of technical analysis are chart patterns and technical (statistical) indicators. Chart patterns are a subjective form of technical analysis where technicians attempt to identify areas of support and resistance on a chart by looking at specific patterns.

How to interpret stock charts? ›

Each trading day is represented as a bar on the chart with the open, high, low and closing prices. The length of the bar shows the stock's price range for that day, with the top of the bar representing the highest price and the bottom the lowest price for the trading day.

How to choose chart type? ›

For example, if you want to show a trend over time, a line chart or an area chart might be more appropriate. If you want to compare data points, a bar chart or a column chart might be a better choice. If you want to show a distribution, a histogram or a box plot might be more useful.

What is the best chart to show progress to goal? ›

Bullet Graph

A bullet graph reveals progress towards a goal, compares this to another measure, and provides context in the form of a rating or performance.

When to use each chart type? ›

Bar charts are good for comparisons, while line charts work better for trends. Scatter plot charts are good for relationships and distributions, but pie charts should be used only for simple compositions — never for comparisons or distributions.

What are the 4 types of technique charts? ›

RADIOGRAPHIC TECHNIQUE CHARTS • The four principal types of charts are based on: 1. Variable kilovoltage 2. Fixed kilovoltage 3. High kilovoltage 4.

What are the four types of stock charts? ›

However, the four types that are most common are—line chart, bar chart, point and figure chart and candlestick chart. We will discuss these technical charts extensively later. However, we have illustrated three types of stock charts below. The bar chart looks a lot like the candlestick chart.

What are the different types of charts to compare performance? ›

Answer: To compare the performance of sales for two products, a column chart would be more suitable than a line chart. Column charts are effective for comparing values between different categories or groups, such as comparing the sales of different products.

What are the different types of financial charts? ›

Common financial charts include line charts, bar/column charts, pie charts, waterfall charts, scatter plots, candlestick charts (for stock prices), and area charts, among others.

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