• Products
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Corporate/HUF Trading Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Non Convertible Debentures
    Sovereign Gold Bond
    NRI Account
    Corporate/HUF Trading Account
    Private Client Group
    SipIt
    MTF
  • Platform
    Trading Platforms
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Trade From Charts
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
    All Calculators
    Trading Platforms
    Features and Tools
    Calculators
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Trade From Charts
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Stock Research Recommendations
    MTF Stock Recommendations
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Stock Research Recommendations
    MTF Stock Recommendations
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
  • Market
    Market Movers
    Share Market Today
    Top Gainers
    Top Losers
    Stocks
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Tata Capital IPO
    Quarterly Results
    Jindal Steel's Q1 FY 2025-26 Quarterly Results
    SRI LOTUS DEVLPRS N RTY L's Q1 FY 2025-26 Quarterly Results
    Aeroflex Neu's Q1 FY 2025-26 Quarterly Results
    PVP Ventures' Q1 FY 2025-26 Quarterly Results
    Market Movers
    Stocks
    Indices
    Mutual Funds
    IPO
    Quarterly Results
    Share Market Today
    Top Gainers
    Top Losers
    52 Week High
    52 Week Low
    Volume Shockers
    Large Cap
    Mid Cap
    Small Cap
    State Bank of India
    Reliance Industries Ltd
    HDFC Bank Ltd
    Infosys Ltd
    Tata Consultancy Services Ltd
    Hindustan Unilever Ltd
    ITC Ltd
    IRCTC
    NSE
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    BSE
    Sensex
    BSE Bankex
    BSE Small Cap
    BSE Mid Cap
    BSE 100
    Indian Indices
    Global Indices
    Gift Nifty
    S&P
    Nikkei Index
    Hong Kong Index
    KOSPI Index
    Global Indices
    AMC's
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    Schemes
    Parag Parikh Flexi Cap
    SBI Small Cap Fund
    SBI Contra Fund
    Nippon Small Cap Fund
    ICICI Pru Technology Fund
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Tata Capital IPO
    Austere Systems IPO
    Sharvaya Metals IPO
    Vigor Plast India IPO
    Urban Company IPO
    Karbonsteel Engineering IPO
    Taurian MPS IPO
    Vashishtha Luxury Fashion IPO
    boAt IPO
    Jindal Steel's Q1 FY 2025-26 Quarterly Results
    SRI LOTUS DEVLPRS N RTY L's Q1 FY 2025-26 Quarterly Results
    Aeroflex Neu's Q1 FY 2025-26 Quarterly Results
    PVP Ventures' Q1 FY 2025-26 Quarterly Results
    NDR INVIT Trust's Q1 FY 2025-26 Quarterly Results
    Jaiprakash Associates' Q1 FY 2025-26 Quarterly Results
    Alps Industries' Q1 FY 2025-26 Quarterly Results
    Brightcom Group's Q1 FY 2025-26 Quarterly Results
    Visa Steel's Q1 FY 2025-26 Quarterly Results
    Coffee Day Enterprises' Q1 FY 2025-26 Quarterly Results
    Supreme Holdings & Hospitality's Q1 FY 2025-26 Quarterly Results
    Kavveri Defence & Wireless Technologies' Q1 FY 2025-26 Quarterly Results
  • Learn
    Stockshaala
    Basics of Stock Market
    Introduction to Fundamental Analysis
    Introduction to Technical Analysis
    Derivatives, Risk management & Option Trading Strategies
    Personal Finance
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Events
    Budget 2025
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2025
    Stockshaala
    Resource
    Investing Guide
    Events
    Basics of Stock Market
    Introduction to Fundamental Analysis
    Introduction to Technical Analysis
    Derivatives, Risk management & Option Trading Strategies
    Personal Finance
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Budget 2025
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2025
  • Partner
    Business Associates
    Kotak Connect Plus
    Startup connect
    Business Associates
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement
  • News

What is a Daily Chart?

  •  4 min read
  •  1,658
  • Updated 15 May 2024
What is a Daily Chart?

Key Highlights

  • A daily chart provides a visual representation of a stock's price movement within a single trading day.
  • Daily chart offers three main types- bar charts, candlestick charts, and line charts.
  • These charts are customisable to different time frames, including minutes, hours, weeks, or months.

Daily charts serve as essential tools for technical traders aiming to capitalise on both intraday price fluctuations and longer-term trends. A daily chart can either focus on a security's price action within a single day or provide a comprehensive overview of its daily price movements over a specified timeframe.

The increasing popularity of candlestick charts among traders is attributed to their simplicity in conveying fundamental information. This includes opening and closing prices, along with the trading range for the chosen time period.

However, candlestick formations vary depending on the time frame used for chart creation. Traders have the flexibility to graph price charts by selecting time frames ranging from one minute to one year. The most commonly used intervals are hourly, daily, weekly, and monthly. Many technical analysts opt for a combination of intra-day and longer-term charts for comprehensive trading analysis.

Intraday charts depict a security's price movement from market open to close. Analysts can specify candlestick display time frames in these charts through their trading system settings, with common intervals being five or ten minutes per candlestick. The real-time formation of candlestick bars on the chart is based on the specified settings.

The three common types of charts are line, bar and candlestick. Let’s understand them in detail:

1. Line charts Line charts have the stock price or trading volume on the vertical axis (y-axis) and the period on the horizontal axis (x-axis). Line charts are usually created using the closing stock price. Multiple closing prices are combined to represent the entire information in a single line. That is why the chart is known as a line chart.

2. Bar charts Bar charts are similar to line charts. A bar chart consists of a vertical line and two horizontal lines protruding from it. At the top of each vertical line is the highest price the stock reached during the day, and at the bottom is the lowest price. The left-hand horizontal line represents the opening price, and the right-hand horizontal line represents the closing price.

3. Candlestick Charts Traders widely prefer candlestick charts for daily analysis as they efficiently convey essential information like opening and closing prices, along with the day's highest and lowest values.

A candlestick comprises two key components: the body and the wicks. The upper wick's tip signifies the highest trading price of the day, while the lower wick's tip represents the lowest trading price.

The body, or block, reflects the opening and closing prices. At the top is the price that is higher than the opening and closing prices. The lower of the two prices is at the bottom of the body. A green/white candle represents the opening price, while a red/black candle represents the closing price.

Day traders often incorporate daily charts into their trading setups, covering various time frames simultaneously. For instance, day traders might use two monitors to track trades on an hourly basis and review trading activities over the past several days. This approach enables traders to gain a comprehensive understanding of a security's trading behaviour.

Daily charts serve as the primary information source for day traders. There is a common practice of combining candlestick formations with technical patterns and alerts in trading systems. Traders can customise their price charts by incorporating channels and a range of signal alerts, allowing them to identify potentially profitable trading opportunities.

Conclusion

Daily charts show the price movement of stocks on the share market in a visual format. It's represented by the price movement of the stock over time. Line, bar, and candlestick charts are the three types of daily charts. After you learn how to read daily charts, you can play around with various technical indicators to spot trends, buying and selling patterns, etc. You'll be able to make better financial decisions with these insights. If you're new to stock trading, you can learn how to read a daily chart using educational resources provided by reputable financial providers.

FAQs on Daily Chart

Weekly charts show the high, low, open, and close for the entire week, not day-to-day stock movement.

A daily chart is one of the main tools used by technical traders to profit from intraday movements and longer-term trends. Charts can show daily price movements for individual days, or they can show daily price movements for a specified period of time.

The line chart is most commonly used by traders in intraday trading.

Did you enjoy this article?

0 people liked this article.

What could we have done to make this article better?

Stock NameMarket Price
-
-
-
-
-
-
-
-
-
-
Open Your Demat Account Now!
+91 -

Open Your Demat Account Now!
+91 -