Zerodha Kite drawings technical analysis

Kite drawing tools

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Kite drawing tools are visual annotations you can add to charts: trend lines, support / resistance levels, Fibonacci retracements, harmonic patterns, Elliott Wave counts, Gann tools, and free-text annotations. The drawing catalogue differs between Kite’s two charting engines (TradingView and ChartIQ).

This article catalogues the drawing tools available on Kite, their typical use cases, and the engine-specific availability.

Lines and channels

Trend line

The most basic drawing: a straight line connecting two points on the chart. Used to mark support / resistance trend, channel boundaries, breakouts.

Both engines support trend lines with extensible endpoints, snap-to-bar, and colour / style customisation.

Horizontal line

A horizontal level drawn at a specific price. Common for marking key support / resistance levels, target prices, stop-loss levels.

Vertical line

A vertical line at a specific date / time. Used to mark events (earnings, expiry, economic releases).

Parallel channel

Two parallel trend lines forming a channel. The price oscillates between the boundaries. Both engines support automatic parallel offset on the second line.

Disjoint channel

Two trend lines that may not be parallel. Common for ascending / descending broadening triangles.

Ray

A line that extends infinitely from a starting point. Useful for projecting trend lines forward.

Extended line

A line that extends infinitely in both directions from two points.

Fibonacci tools

Fibonacci retracement

Levels at 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100% of a swing high to swing low (or vice versa). Used for identifying potential reversal levels.

TradingView and ChartIQ both support this; TradingView’s UX is more polished.

Fibonacci extension

Projects Fibonacci levels beyond the 100% retracement: 127.2%, 138.2%, 141.4%, 161.8%, 200%, 261.8%, 423.6%. Used for target setting after a confirmed move.

Fibonacci fans, time zones, arcs

Less commonly used Fibonacci variants:

  • Fibonacci fan: rays from a point at Fibonacci angles.
  • Fibonacci time zones: vertical lines at Fibonacci-number intervals.
  • Fibonacci arcs: arcs at Fibonacci-radius distances.

Mostly TradingView; ChartIQ has limited support.

Patterns

XABCD harmonic patterns (TradingView only)

Tools for drawing Gartley, Bat, Crab, Butterfly, and Shark harmonic patterns. TradingView provides templates that auto-validate the pattern ratios.

Elliott Wave tools (TradingView only)

Drawing tools for 5-wave impulse + 3-wave correction patterns. Auto-labels with 1, 2, 3, 4, 5, A, B, C.

Gann tools (TradingView only)

Gann fan, Gann box, Gann square. Specialised tools for Gann-method practitioners.

Position and risk markers

Long position

A long-position visualisation: entry, stop-loss, target. Coloured fill shows risk vs reward. Used for pre-trade visualisation.

Short position

Inverse of long position visualisation.

Risk / Reward marker

Generic risk-reward visualisation tool.

Annotations

Text annotation

Free-text label on the chart. Used for marking events, notes, levels.

Note

A specific note marker. TradingView’s note is more feature-rich.

Icon / sticker (TradingView)

Insertable icons (flags, triangles, etc.) at specific points.

Brush

Free-form drawing. TradingView has a polished brush; ChartIQ’s is rudimentary.

Measurement tools

Ruler

A measurement tool: distance, percentage move, time elapsed between two points.

Date range

Highlights a date range on the chart.

Price range

Highlights a price range on the chart.

Engine availability summary

ToolChartIQTradingView
Trend lineYesYes
Horizontal lineYesYes
Vertical lineYesYes
Parallel channelYesYes
Fibonacci retracementYesYes
Fibonacci extensionLimitedYes
Fibonacci fans / arcs / time zonesNoYes
XABCD patternsNoYes
Elliott WaveNoYes
Gann toolsNoYes
BrushLimitedYes
Long / short position visualisationLimitedYes
Text annotationYesYes
IconsNoYes

TradingView is the materially richer drawing engine. ChartIQ covers the basics.

Persistence

Drawings persist across sessions when saved per layout. See How to save TradingView drawings on Kite app and How to save drawings on ChartIQ for the persistence flow.

Common issues

Drawings occasionally disappear or fail to persist. See:

See also

External references

References

  1. Zerodha support documentation on Kite drawing tools.
  2. TradingView Charting Library drawings documentation.
  3. ChartIQ drawing tools documentation.

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