Kredent InfoEdge Pvt Ltd has announced the addition of an Artificial Intelligence (AI) powered Chart Pattern Recognition feature in StockEdge, the highly popular stock market app that it has developed. This feature, a first in India, is expected to make chart pattern recognition very easy for the stock market participants of India.
Founded in 2016, StockEdge has lived by its goal of empowering 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. Trusted by millions of traders and investors in India, StockEdge is well-known for its research and development to make trading the most seamless journey.
In 2023, StockEdge came up with its breakthrough innovation-auto Chart Patterns recognition system. This 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, he can quickly 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 users complete access to chart patterns.
Speaking about Chart Patterns, Mr. Vivek Bajaj, Co-founder of StockEdge said, “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.”
While sharing his thoughts, Mr. Vinay Pagaria, Co-founder and Chief Technology Officer of StockEdge adds, “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.”
According to Mr. Pagaria, “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. Chart patterns are extremely powerful as they are a result of repetitive human behavior. Cognitive and emotional biases like cost anchoring, recency bias, etc, lead to similar human behavior over time. This, in turn, makes chart patterns extremely powerful. We are proud to have built this unique, innovative product that can act as a boon to traders and investors.“
