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Technical Analysis is a study of examining and predicting price movements by using historical price charts and statistics. Based on previous market chart patterns, a trader predicts future possible price trajectories. Traders use Technical Analysis for the Entry and Exit of their Short term, Long term as well as Intraday trades. Most used Chart type in Stock Market is Candlestick Charts.
read lessThe concept of trend is an important aspect of technical analysis. An uptrend is defined as a sequence of higher highs and higher lows. To draw an uptrend line, a technician draws a line connecting the lows on the price chart. A downtrend is defined as a sequence of lower highs and lower lows.
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