Auto recognized CHART patterns for trading opportunities.
Use this powerful tool to identify trends and predict future price movements. Leverage this to identify support and resistance levels as well as potential entry and exit points.
The triangle pattern is considered to be a continuation chart pattern which means that the prior trend will continue after the formation of this chart pattern.
Flag Pattern
A flag pattern is a continuation pattern that shows candlesticks contained in a small parallelogram. It is an area of consolidation which shows a counter-trend move that follows after a sharp price movement.
Channel Pattern
A channel chart pattern is characterized as the formation of two parallel lines which act as the zones of support and resistance.
Know Why To Use Chart Pattern
Why every trader should know Chart Patterns?
Stocks through Chart patterns predict breakout growth or decline based on supply and demand.
Learn from Vivek-Bajaj who has 17+ years of experience in the Market on why every Trader should know Chart patterns.
Know Clear ActionablesGet patterns auto-recognized and color-shaded to give a clear indication of nature (Green is Bullish, Red is Bearish, Purple is Neutral).
Trade only on recent patternsAs long as stock can follow price trends based on a Pattern it is marked recent, else it is moved in the past.
Test Algorithm's Past PerformanceAll the stocks that were identified in the past by the algorithm and the price trend after recognition are available in the past section.
How frequently the chart patterns are updated in StockEdge app?
The chart patterns section gets updated daily at end of the day (Market open days). Any new pattern formed on that day appears in the recent section of chart patterns.
Will I get any training on - How to use StockEdge chart patterns?
An onboarding session on using chart patterns is included in the subscription plan. Also, The chart pattern section in the app also covers how to take decisions based on chart patterns.
Do prices always follow trends as per patterns recognized?
While the price of the Stock has a good probability of following the trend predicted by recognized patterns, they may not work every time. It is always recommended to set price targets as well as stop loss when acting on basis of a pattern.
Additional Resources
Chart Patterns – Holy grail of Stock Market Analysis