The Analysis of movement of share prices broadly divided into 3 types
The main objective of these three Analysis is buying shares at near low price and selling the shares at near high price, finally to get good returns on our investment.
What is Technical Analysis?
Technical Analysis analyses the overall trend of the Market or overall trend of the individual Stocks, by using and studying historical data of share prices and Volumes with the help of charts.
Why Technical Analysis?
Technical Analysis analyses emotions of the market participants and moment of the share prices with the help of the charts, to identify near low of the share prices and near high of the share prices, to get good returns on our investment.
Definition of Technical Analysis:
Technical analysis is defined as “The process of improving systematic thinking, keen observation, purposeful analysis and interpretation skills to predict and identify the near future trend by using and studying historical data, primarily prices and volumes of stocks, with the help of charts”. -2016 Definition by A.S.Chakravarthy
Uses of Technical Analysis:
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CANDLE STICK CHARTS
There are three types of candle sticks:
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The entire Technical Analysis broadly divided in to Three types, one is purely chart analysis and second is chart analysis with the help of indicators (here indicators means leading indicators & lagging indicators) and third Theories.
PURELY CHARTS ANALYSIS:
For Chart Analysis we follow 3 types of charts.
Stage 1. Line Charts Analysis:– For Long term Trends Identification & Short term Trends identification
Stage 2. Bar Charts Analysis:- To know Trend reversals in short term
Stage 3. Candlestick Charts Analysis:- To know Trend reversal in short term
STAGE I: LINE CHARTS:
The Line charts drawn with the help of closing prices. These line charts are plotted on daily, weekly and monthly closing price basis.
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