The Line chart is a way to depict the four readings of the scrip/commodity i.e. the open or high or low or close of a single day in a very compact form by putting a tick on the graph and joining the ticks. It is easy to read and analyses the price movement. This chart comprises of a number of opening or high or low or closing prices connected with each other giving a visual effect of line.
Formation of Line Chart
- A price scale is assigned to the vertical Y axis.
- A time scale (Minute, Hourly, Daily, Weekly, etc) is assigned to horizontal X axis.
Conclusion
This is most simple, easy and common chart type.
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