How to Interpret Stock Comparision Chart?

Technical Analysis
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Hey Guys,

Please Look at the snapshot attached, I am comparing USD/INR to Nifty 50, now i know how this comparison can give cues about Nifty’s trend. But i am just Curious as to what those number (% Figures ) on the right scale mean? And how to interpret this information.

I have highlighted the information on the screenshot, i just want to know what these % figures mean?

Thanks in advance,

Vijaya

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The % is a measure of the price movement for whatever period is currently visible on the chart. This makes it easier to know if there’s any correlation between the instruments being compared.

1 Like
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Hi, Thanks for taking the time to reply. I still didn’t quite get it. Can you explain with a simple example or analogy.