Kolkata-based Kredent InfoEdge Private Limited has announced that it has added artificial intelligence (AI)-based chart pattern recognition feature in StockEdge–its stock market application. 

According to a company statement, Kredent introduced the feature in 2023. It will help traders strengthen their positions in the market. This system involves AI-enabled ‘algo,’ which processes and streamlines stocks and prepares a list of them where specific patterns have been formed. These patterns include Triangular, Flag, Head and Shoulders and Wedge Patterns in the newly-initiated StockEdge Pro. 

Founded in 2016, the start-up claims to empower retail investors in India through its application StockEdge. Over the years, the application has tried to make market participants self-reliant with its cutting-edge analytical tools. 

Talking about the latest development, Vivek Bajaj, co-founder, StockEdge, said, “The science of identifying the right stock is time-consuming. But there are methods to reduce the time taken by over 90 per cent. 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 year to develop this amazing output called Chart Patterns.”

Vineet Patawari, CEO and co-founder of StockEdge, added, “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.”

Vinay Pagaria, co-founder and chief technology officer (CTO) of StockEdge, shared, "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."