Technical
analysis is the study of demand and supply, price movements, historical prices
and volumes. If price goes up with increased volumes, technical chart shows at
that time people in the market thought that the price of the stock might go up.
It gives visual representation of the market movements to the analyst which is
very easy to understand. Line charts or candlestick chartsare used in technical
analysis system. One candle show Open, High, Low and close of the stock for
that particular time frame. 5 min to 15 min time frames gives best result in
intraday technical chart. 20 mins to 1 hr. Charts are good for delivery
trading. Candle chart moves according to market movements in live technical
chart. "Currency Analysis Software"
Everyone wants to make profit from the market.
The simple key of making profit is study of technical analysis & fundamental
analysis. In fundamental analysis one has to study company’s balance sheet,
profit and loss a/c, earning per shares orders in hand, etc. Study of current
data v/s past performance. In technical analysis we study historical price data
as well as current market data to see what movement we can see in future.
Technical analysis graph gives clear direction of Bullish, Bearish and sideways
market. "Share Analysis Software"
In
stock market prices are fluctuating every second, it is not possible to
remember every movement. Technical chart plots every second movement in
particular time frame candle with high, low, open and closing price so it’s
easy to predict the future movement. Technical indicator helps to...
1. Understand support and resistance
levels.
2. Check back history of shares.
3. Understand up trends or downtrends.
4. Most important it helps to take right
decision of buying or selling with target and stop loss.
Types
of chart and Indicators " Commodity Analysis Software"
Candlestick charts are used for making
decisions in trading. In these patterns it gives clear view of movement like
open-high-low-close in particular time frame (5 min, 10 min, 1 hrs).
If closing price of the candle is higher than
opening price it shows in Green or Blue colour, its “Bullish Candle”.
Eg:-
If closing price of ABC share is 105 & its opening price was 100 its price
is increasing.
If opening price of the candle was higher than
closing price it shows in Red colour, it’s “Bearish Candle”.
Eg:-
If opening price of ABC share was 105 & its closing price is 100 its price
is decreasing. "FnO analysis software"
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