Here is an image of how my charting interface looks like.

That's an Infosys chart...what do you guys make of it ?

Attached Images

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i see lotsa figures and 3 lines


well i notice that the lines probably indicate the market trend, there's candlesticks used as an indicator open and close of the market. market's on an upward trend for the past few months.

now what i dont know is for what stock/commodity/other things the charting is for :P and also what the figures on the right side indicate and the percentages.

You are getting the basic idea.

I ll explain everything later...lets see what others have to say. .

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hmmm I think its a Moving Average or MACD not sure

dont ask me to go to School again

You are right..those are the moving averages.

MACD is usually plotted separately from the price chart.

Be patient ...we will got step by step to every topic once we start from April 15th.

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MACD Damm.. that means i better learn all the charts once again.. i should really pay attention in my economics class

Again looking at the chart....just one day before Infosys declares its results and guidance, the stock seems to be precariously poised.

The stock has taken support at it's 200 day EMA. The 200 day EMA (and DMA) are considered one of the stronger support regions for a stock.

In next few hours, as Infosys announces its results the direction of the stock for medium term may be determined.

A break below the 200 EMA may take it to 1820 levels... a 50% retracement of its rally from 1225 to 2415 (14th June 2006 to 15th February 2007).

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there are these candles which show the daily open and close, and the lines show a downward trend. I am very impressed with the start u have initiated.Is it possible to reduce the chart size cuz we have to keep moving left/right to see the numbers on both sides.

Thanks for clarifying.. .. Waiting for more tech stuff from u

Yes I will reduce the chart size. Thanks for the suggestion.

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Hi..once a neat explanation...
questions:
1. How do read the prices from the candles?? I mean how do make out the opening and the close from these candle representation?

2. You have mentioned once the scrip loses support @ 200DMA, it could retrace to 50% of the previous rally..does it mean it finds support at that level and is this some kind of an established rule??

PLEASE give me links to these threads

I never made any....I didn't feel there was much interest......

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Is it possible to revive this. I think it is a more fun interactive way to learn than reading a book.

With my limited knowledge, I was able to make out the following.

Red candlesticks are down days.
Blue are up days.

Black, green and red lines are moving averages( 20, 50, 200?).

I am not sure about the green line on the volume chart. Some kind of average volume maybe?

What are the percentages on the left hand side?

green ribbon on volume is average volume. I am not sure what is the period of that average.

percentages are Fibonacci retracement levels.

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