Six Stocks Turning Bullish on Multi-Chart Analysis

Author – Brijesh Bhatia (@bbrijesh9)

Pune, 08 March 2025: The stock market is inherently dynamic, with trends constantly shifting between bullish and bearish phases. As traders and investors seek to stay ahead of these movements, chart analysis becomes an indispensable tool for decision-making. Chart patterns and price movements are integral to understanding market sentiments, but deciphering them across multiple chart types and timeframes can be a daunting task.

While many charting styles are available, such as Candlestick charts, Point-and-Figure charts, Renko, Line Break, or Heikin Ashi charts, manually analysing each stock across multiple timeframes can be overwhelming. This is where the All-Chart Matrix by Definedge comes into play. It offers an innovative solution that simplifies the process by aggregating data from multiple charts and timeframes into a single, easy-to-read matrix.

What is the All-Chart Matrix?

The All-Chart Matrix is a unique feature developed by Definedge. It is designed to streamline the analysis of stocks across various chart types and timeframes. Offering a consolidated view eliminates the need to sift through numerous charts manually and allows traders to make quicker, more informed decisions.

Key Features of the All-Chart Matrix:

1. Multi-Chart Support: The matrix evaluates stock performance using a variety of charting methods, such as:
   • Candlestick charts: Traditional and widely used, reflecting market sentiment through price movements within specific periods.
   • Point-and-Figure: Focuses on price movements and trends while ignoring time, making it ideal for longer-term strategies.
   • Renko: Filters out market noise, focusing on significant price changes, and is used to identify clear trends.
   • Line Break: Emphasizes trend reversals and changes in market sentiment.
   • Heikin Ashi: Smoothing out price action, offering a clearer view of trends by filtering out noise.
2. Multiple Timeframes: Instead of analysing a stock’s performance on a single timeframe, the All-Chart Matrix fetches data across multiple timeframes, ensuring that traders get a comprehensive view of the stock’s performance. It evaluates the stock on short-term, medium-term, and long-term timeframes.
3. Scoring System: The All-Chart Matrix uses a simple scoring system to indicate whether a stock is in a bullish or bearish trend:
   • 1 (Bullish): The price action is bullish on a given chart and timeframe.
   • 0 (Bearish): When the price action is bearish on a given chart and timeframe.

The score for each stock is based on the collective analysis of its price action in these different chart types and timeframes. This allows traders to quickly assess whether a stock is generally trending bullish or bearish across multiple charts.

This approach helps traders quickly identify stocks in a strong bullish phase across multiple timeframes and chart types. Moreover, the matrix enables traders to make data-driven decisions, avoiding subjectivity arising from individual chart analysis.

Below are six stocks that have scored the maximum on the matrix, indicating strong bullish trends:

Source: RZone, Definedge Securities

1. Avanti Feed
2. Glaxo
3. Hindalco
4. JSW Steel
5. SRF
6. Tata Steel

The All-Chart Matrix by Definedge is a powerful tool that simplifies analysing stocks across various chart types and timeframes. For traders looking to capitalise on bullish stocks, it is an invaluable tool that removes the complexity of manual chart analysis, offering a streamlined solution for efficient stock selection. Its intuitive scoring system empowers traders to focus on the best-performing stocks and align their strategies with the prevailing market trends.

Disclaimer: The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. This article is strictly for educative purposes only.

As per SEBI guidelines, the writer and his dependents may or may not hold the stocks/commodities/cryptos/any other assets discussed here. However, clients of Definedge may or may not own these securities.

About Writer:

Brijesh Bhatia has over 18 years of experience as a trader and technical analyst in India’s financial markets. He is a well-known face in the business channel as a Market Expert and has worked with broking giants like UTI, Asit C Mehta, and Edelweiss Securities. He is currently a Senior Research Analyst and Editor at Definedge.