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Nov 4, 2022 9 tweets 8 min read Read on X
TYPES OF CHARTS !!
Thread (1/10)

There are almost 10+ types of charts that are available for doing Technical Analysis.

Let's decode 6 popular type of chart that is widely used by traders.

@sahneydeepak @kuttrapali26 @Technicalchart1

A basic thread on Charts 🧵:

🧵
If you open Tradingview charts or any other broker charts, then you would see following chart type options:

1. Line
2. Candles
3. Bar
4. Area
5. High Low
6. Heiken Ashi
7. Renko
8. Point & Figure

Let's start with top 5 basic charting.

@KommawarSwapnil @price_trader_
1. Line Chart:

Line chart tracks the closing prices of the stock over a specific period. While it is considered to be quite simplistic (compared to other chart types), a line chart helps traders to spot trends in the price movement.

@jitu_stock @kaushaldarshan_ @Himanshu2606
2. Bar Chart:

Bar Chart is represented by a vertical line.

Top most point represent High, Bottom point represent Low.
Left point indicates open and right indicate close.

It is also known as Open High Low Close (OHLC) candle.
@Stock_Precision
3. Candlestick Chart:

Candlestick charts are very popular as it offers a great deal of information in a very precise manner and is similar to a Bar Chart.
A falling candlestick is generally represented by a red body, while a green body represents a rising candlestick.
4. Heiken Ashi:

Heikin Ashi is similar to candlestick chart. It helps in visualizing the uptrend and downtrend quite clearly.

Heiken Ashi candles are derived from Candlestick OHLC values and formula of the same is shared below.

@caniravkaria @Puretechnicals9
5. Renko Chart:

Renko charts, focus only on price changes and use price bricks to represent a fixed price move. It filters out minor price movements, which make it easier to spot trends in prices.

It is effective in identifying support and resistance levels.
@Amit_Gulecha
6. Point & Figure:

Point and Figure Chart use vertical rows of X’s and O’s. When the price goes up, it’s indicated in the row of X’s and when it goes down, it is indicated by the vertical row of O’s.
It identifies emerging trends & can help in determining entry and exit points.
These are the 6 types of charts that are very popular in chart analysis.

If you found this useful, please Retweet🔁 the first tweet.

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More from @TCymatics

Nov 5, 2022
Decoding Markets for Monday🧐

Where are we likely to open ?
Where are we likely to close ?

Lets Decode 😎

Thread 🧵(1/6)

@sahneydeepak @kuttrapali26 @KommawarSwapnil @price_trader_
#StockMarkets #Nifty

Kindly Like ❤️ Share & Retweet 🔁for Max Reach.

Lets get Started 🧐
2. Before Decode on Charts, lets decode the adx strenght levels of ADX and DMI's.

@kaushaldarshan_ @Himanshu2606 @Puretechnicals9
#ADX
3.
Where are we likely to open ??

Nifty Closed at highs on Friday at 18117
On ADX
Bulls were stronger : +DMI @ 32.22 (above 25)
Bears got weaker compartively: -DMI @ 16.88 (weaker but still above 15)

Bears are weaker compared to bulls but not weak enough to lose its strenght.
Read 6 tweets
Oct 31, 2022
1. ADX PARADOX DECODED !!

Bank Nifty in ADX Paradox Zone

Kindly Like ❤️ & Retweet for Max Reach 🔁

@sahneydeepak @kuttrapali26 @KommawarSwapnil @price_trader_
#stocks #Niftybank #adx #Nifty

ADX Paradox Explanation:
Thread (1/6) 🧵
👇👇👇
2. What is ADX Paradox ??

ADX traders measure volatility on the basis of where ADX on that timeframe is.

However, ADX on diffrent charts are diffrent

ADX on Japanese candlessticks charts is diffrent from ADX on Heikenashi charts.

@Rishikesh_ADX @Amit_Gulecha @Himanshu2606
3. ADX on Hekenashi charts is usually higher most of the times.
But Diffrence in ADX of these charts is usually less than 10
"in normal cases" which is easier for traders to gauge volatility on that timeframes.

@Technicalchart1 @equialpha @kaushaldarshan_ @Ronak_Unadkat
Read 6 tweets
Oct 29, 2022
ART OF TIMEFRAME SELECTION

Please Like❤️ Share & Retweet 🔁 4 Max Reach 😇

1. TIMEFRAME SELECTION IS AN INTEGRAL PART OF TRADING

THREAD (1/6) 🧵

@sahneydeepak @kuttrapali26 @KommawarSwapnil @price_trader_ @Technicalchart1 @Puretechnicals9 @kaushaldarshan_ @AnandableAnand
2. Most Traders Confuse Retracement with Reversals due to wrong timeframes.

One of the indicators used to determine Volatility is ADX !!

@Abhishekkar_
3. When daily ADX is higher
& if ure trading on 5-10mins timeframes when adx is high, it will give u many signals which will be wrong as traders assume a small retracement as reversal

@KiritManral @param_ydv @Himanshu2606
Read 6 tweets

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