Sunday, December 27, 2009

HOW TO READ STOCK CHARTS



On horizontal line ....it is time from 9.to 16 and vertical line is indicating market price.

Red dotted line is last days close price
Means the market was closed at this price level yesterday
Green line is indicating market price at that particular time.
This chart is indicating about sensex moves …very basic chart …
Now open this link..this link will give u live chart of nifty ..
http://finance.yahoo.com/echarts?s=%5ENSEI#symbol=%5Ensei;range=1d;compare=;indicator=macd+rsi+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;


It is nifty intraday chart
 I selected some indicators
Like 1d means it is showing only 1 day’s trade period.
Next is moving average. I selected 50 and 20 period  ma.
MACD and RSI ..
u can use  other indicators too  to predict future price move.... in technical analysis and there are so many indicators you may learn ...moving averages, relative strength index, MACD, Bollinger bands , Candle sticks, money flow index , W% R, oscillators, MA cross over, volume, on balance volume , stochastic slow and fast , trend lines, wave patterns and lot  more…to learn technical indicators ..explore the net ..

how to setup google charts and predict market seeing that

always  trade seeing  google charts ... open this link
https://www.google.com/finance?q=NSE:NIFTY&ei=2tEzVIjtPISSlQW5zIDgCA
click settings
select candle sticks  and default time 2 mins
http://prntscr.com/4tuywb

then click at technicals
and select  ema 55  , ema  21   macd
and RSI   for 14 period
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now  chart is ready ...you can book mark it
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2 comments:

  1. sir,
    A good analysis but if am not bothering you as it is for learners it would be convenient if it is made live with arrows
    regards
    govind

    ReplyDelete
  2. This post is so informative and makes a very nice image on the topic in my mind. It is the first time I visit your blog, but I was extremely impressed. Keep posting as I am gonna come to read it everyday! commodity trail

    ReplyDelete

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