Kolkata:25th Jan 2023: Kredent InfoEdge Pvt Ltd has announced the addition of an Artificial Intelligence (AI) powered Chart Pattern Recognition feature in StockEdge, a popular stock market app developed by the company. This feature, a first of its kind in India, is designed to make chart pattern recognition easy for stock market participants in India. StockEdge, founded in 2016, has always aimed to empower retail investors in India.
Over the years, StockEdge has provided cutting-edge analytics tools to enable users to make well-informed market calls. With millions of traders and investors using it, StockEdge is well-known for its research and development to make trading a seamless experience. In 2023, StockEdge introduced its breakthrough innovation-auto Chart Patterns recognition system. This feature will help traders take positions in the market.
The AI-enabled algorithm processes all stocks and after further streamlining, prepares a list of stocks where specific patterns have been formed, providing clarity about market trends. Users can take a quick glance at chart patterns across their selected stocks. Many patterns have been added to the StockEdge Pro such as 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, StockEdge shares, “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, 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.”
Mr. Vineet Patawari, CEO and Co-founder, StockEdge sounds extremely hopeful about the new plan, StockEdge Pro when he shares, “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, customizable 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.
Vinit Pagaria, Head of Data & Research, StockEdge states “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 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. We are proud to have built this unique innovative product which can act as a boon to both traders and investors.”