Weekly Market Research Report 07-09-19 (Kagi Chart)

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Kagi Chart: A Kagi chart is created by a series of vertical lines which depict price movement. These vertical lines are connected by a horizontal line. A Kagi

chart can also change the thickness of the line. This occurs when the price reaches the high or the low of a previous level. Kagi chart accounts only for price and does not consider time.

  1. A Kagi chart can also be configured on a percentage basis. A 4% setting for a Kagi chart would mean that when price reaches 4% movement, it will change the direction accordingly.
  2. A Kagi chart can also be configured by using the average true range (ATR) value. In this case, the 14-period ATR value is used as the setting for the Kagi chart.
  3. when price closes below the previous low, a bearish Kagi is drawn (depicted in red line) or when price closes above the previous high, a bullish Kagi (depicted in green line) is drawn.
  4. It is clear that technical analysis can be a great fit for the Kagi chart. Most importantly, support and resistance levels are clearly seen on the Kagi chart. The support levels are nothing but the most recent and significant support levels on the price chart.
  5. Crossover in AUROPHARMA

Use Kagi Chart from : Chart(Menu) > “Chart – Point & Figure, Kagi, Renko, Darvas”.


Previous Breakaway Gap Support In RELIANCE (Daily Chart)

Looks good above: 1226

Can be: 1262, 1296 & 1330

Looks weak below: 1175.

Can be: 1144,1110 & 1077.

Used Retracement to draw levels.


Consolidation Pattern Crossover in TATASTEEL (Daily Chart)

Looks good above: 354.

Can be: 372, 387 & 402.

Looks weak below: 340.

Used Retracement to draw levels.

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