Chart:
- Chart basically has two axis i.e x axis and y axis.
- X-axis is time.
- Y -axis is price.
- Stock chart is a relationship of price and time.
- These charts show us how the price swings.
- In simple words these charts show us how much a share cost and how many people are buying and selling.
- There are different types of charts
- Candlestick chart
- Bar chart.
- Line chart.
Timeframe:
- Charts can be viewed in different timeframe i.e 1 year, 6 months, 3 months, 1 month, 1week, 1 hour, 1 minute.
- I view in Weekly - daily - 4 hour -1hour - 30 minute -5 minute
- Long term - Quartly- yearly- monthly
My Take:
- View each stock in daily and weekly view (candlestick)
- Identify if its a uptrend with higher highs and higher lows.
- Then move to 4hr to 30 minute timeframe.
- Identify the support and resistance level.
- Look for the volume its more than 500k.
- Move to 15 minute for entering an order.
Charting software
- TradingView
My reference :
- https://youtu.be/UU4ZQF-X9jE?si=0j0VZEI_IbkgyWFg
- https://youtu.be/C5E5SlMzMMM?
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