Task 12 – Change the way you look at things

Line Chart
It’s a line from left to right connecting the closing
prices at specific time interval. The chart looks like
a basic graph. It gives a bird’s eye view of the
historical price action in a single line. This chart
gives a general view on historic and current price
levels. A common method is to draw trend lines to
connect the peaks and valleys to anticipate potential price inflection and break points. For the
most part, this chart may be a bit too simple for active day traders.

Bar Chart
They are also known as open-high-low-close
(OHLC) charts. They are the Western version of
Japanese candlesticks. The colour of the bar,
similar to the candlestick, is based on the net gain
(green) or loss (red) on the closing price. The Bar
chart gives much easier explanation of line chart as
open and close are also presented.

Candlestick chart
Candlestick charts were developed by Japanese
rice merchants to track the price action of rice
futures in the 1700s. The candlestick is composed
of three parts: the body, the upper tail and lower
tail. Tails are also known as wicks. The body is
composed of the opening price and closing price
for the time interval also known as the period. The
body is coloured either green or red. A green
candle indicates the closing price was higher than the opening price, which is considered
bullish since the net result is price rise.

A red candle indicates that the closing price is lower than the opening price, resulting in a net
price drop, which is bearish. The upper and lower tails are two thin lines extending from the
top and bottom of the body towards the highest price and lowest price for the period.

This chart helps the traders to find new strategies and right entry/exit point
Heiken-Ashi
The Heikin-Ashi technique is a Japanese
candlestick-based technical trading tool that
uses candlestick charts to represent and
visualize market price data. Heikin-Ashi
Candlesticks are based on price data from
the current open-high-low-close, the
current Heikin-Ashi values, and the prior
Heikin-Ashi values.

This chart is used to identify market trends and forecast price moments. It is a better
candlestick chart.

Renko Charts
Renko chart is built using price movement rather
than both price and standardized time intervals
like most charts are. It is thought to be named
after the Japanese word for bricks, "renga," since
the chart looks like a series of bricks. There is no
set time limit for how long a Renko box takes to
form—it depends on how volatile the asset is and what brick size you set.

The most striking difference between the Renko chart and the candlestick chart is how much
smoother the Renko chart is.

Renko charts help intra-day traders to spot trends, area of support and resistance, breakouts
and reversals.

Submitted by Gidijala Sai Anil Kumar

Batch: 21WM30 B10
NIFTY ON 6TH JULY 2021 (TIME: 12:30 PM)
HDFC ON 6TH JULY 2021 (TIME 12:38 PM)

L & T ON 6TH JULY 2021 (TIME 12:50 PM)

RELIANCE ON 6TH JULY 2021 (TIME 12:58 PM)

INFOSYS ON 6TH JULY 2021 (TIME 1:02 PM)

SUBMITTED Gidijala Sai Anil Kumar

Batch : 21WM30 B10
 • Nifty Top 5 Gainers
On 6th July
1) HDFC BANK
2) Ultratech cement
3) Tata motors
4) Shree cement
5) Adani ports

• 5 losers
1) Tech Mahindra
2) TCS
3) Nestle
4) HUL
5) Cipla

Submitted by Gidijala Sai Anil Kumar

Batch: 21WM30 B10