StockEdge gets an AI-led chart pattern recognition feature

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Kolkata: Kredent InfoEdge has added an Artificial Intelligence (AI) led chart pattern recognition feature in its stock market app StockEdge. The app’s new feature is claimed as the first in India and it is expected to make chart pattern recognition for stock market participants very easy.

Founded in 2016, the StockEdge app’s aim has been to empower retail investors in India. Over the years StockEdge has tried to make the stock market participants self-reliant with its cutting-edge analytics tools enabling them to take well-informed market calls

The new auto chart pattern recognition feature will help a trader to take positions in the market. AI-enabled algorithm processes all stocks and after further streamlining prepares a list of stocks where specific patterns have been formed. This helps a trader get total clarity about market trends.

If a user has a watchlist, then he can take a quick glance at a chart pattern across his selection of stocks. Many patterns have been added to the StockEdge Pro-Triangular pattern, Flag pattern, Head and Shoulders pattern, and Wedge patterns. The all-new StockEdge Pro plan will give a user complete access to chart patterns.

“The science of identifying the right stock is time-consuming. But there are methods to reduce the time taken by over 90%. At StockEdge, we have been burning midnight oils to offer exactly what a trader should have to save precious time. We have done hard work in the last one year to develop this amazing output called chart patterns,” said Vivek Bajaj, StockEdge’s Co-Founder.

“We are continuing to invest our energies in AI and quantitative research-based analytics for delivering unique solutions for investors and traders. Chart Patterns Detection algorithm, built captively by us, using multiple layers of statistical analysis, has gone through multiple iterations before coming out so beautifully. Innovation, Reliability, and Simplicity are our mantras,” added Vinay Pagaria, StockEdge’s Co-founder and CTO.

“StockEdge Pro is more than just a chart pattern recognition tool. It will include all the cutting-edge features which we launch in the future. It also includes all the features of the StockEdge Premium plan like advanced stock screening and filtering, customisable watchlists and alerts, in-depth company and market data, and more! Any equity market individual investor should not miss out on this game-changing opportunity to become a pro-investor with StockEdge PRO,” said Vineet Patawari, StockEdge’s CEO and Co-Founder.

“StockEdge Pro chart patterns are the culmination of thoughtful integration of human and artificial intelligence. It has been made possible by leveraging the deep experience of our research team. It is a one-of-a-kind platform that provides actionable insights based on chart patterns,” said Vinit Pagaria, StockEdge’s Head of Data and Research.

“Chart patterns are extremely powerful as they are a result of repetitive human behaviour. Cognitive and emotional biases like cost anchoring, recency bias, etc lead to similar human behaviour over time. This in turn makes chart patterns extremely powerful,” added Pagaria.

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