Line Charts

 1.1: Line Charts: In line chart each and every price point is represented as a dot. The X axis represents the time scale and the Y axis represents the price. Each dot or point represents the closing price at the end of a unit of time. These points are then joined to form a line. This is the simplest form of chart. But this is quite good if we want to plot 3-4 similarly priced stocks in a single chart and compare. Moreover, the line chart gives the clearest idea about price direction of a stock.