Technical Analysis Charts Type

1> Line Chart
Line chart is also known as closing price chart. The X-axis represents Time (Days/Weeks/Months), while Y-Axis is for Price.



2> Bar Chart

The bar chart is also known as high low close chart. The top of the bar represents high of the day, while the bottom of the bar represents low of the day. A small horizontal hash on the right side of the bar would represent the close of the day. Some analyst also plot opening price on this bar (horizontal hash on left of bar), but this is not common practice.
Use of Bar chart is not preferred as much as Candlestick Chart.



3>Candlestick Chart



Candlestick chart represents the open, high, low & closing price on daily basis. (Charts can be drawn for week/ month etc. as well) Each candlestick has two parts Shadow of Candle & Body Of Candle. The shadow is further divided in to upper shadow & lower shadow. The highest point of the upper shadow is High Of the day, while the lowest point of lower shadow is low of the day. The body represents Open & Close Prices. For more details refer Introduction to Candlesticks Charts

Technical Analysis Basics

Technical Analysis Trendline

Technical Analysis Trend Reversal

Technical Analysis Support Resistance

Technical Analysis Moving Average