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TYPES OF CHARTS

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  TYPES OF CHARTS 1.What is a chart? Charts are the working tools of technical analysts. They use charts to plot the price movements of a stock over specifc time frames. It’s a graphical method of showing where stock prices  have been in the past.       A chart gives us a complete picture of a stock’s price history over a period of an hour, day, week, month or many years. It has an x-axis (horizontal) and a y-axis (vertical). Typically, the x-axis represents time; the y-axis represents price. By plotting a stock’s price over a period of time, we end up with a pictorial representation of any stock’s trading history. A chart can also depict the history of the volume of trading in a stock. That is, a chart canillustrate the number of shares that change hands over a certain time period. types of price chart   1.line chart “Line charts” are formed by connecting the closing prices of a specifi c stock or market over a given period of time. Line chart is particularly useful