TECHINICAL ANALYSIS FOR BEGINNERS

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TECHINCAL ANALYSIS FRO BEGINNERS: 

CONTENT IN THIS BLOG IS:

1. 1 INTORDUCATION
2. TECHNICAL ANALYSIS THE BASIC ASSUMPTION
3. STRENGTH & WEAKNESS OF TECHINCAL ANALYSIS
4. CHART TYPE
5. BASIC TECHNICAL TOOLS
6. SUPPORT & RESISTANCE
7. HISTORICAL SUPPORT & RESISTANCE
8. THREE TYPES OF TREND

Introduction: 

Technical Analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends.

Techincians (also know as quantitative analysts or chartists) usually look at price, volume and psychological indicators over time.

They are looking for trends and patterns in the data that indicate future price movements.

TECHINICAL ANALYSIS THE BASIC ASSUMPTION:

1. The Market Discount Everything

2. Price Moves In Trends

3. History Tends To Repeat Itself

STRENGTH & WEAKNESS OF TECHNICAL ANALYSIS

STRENGTH: 

• Focus on Price 
• Supply, Demand and Price Action 
• Support/Resistance, 
• Pictorial Price History 
• Assist with Entry Point

WEEKNESS:  

• Analyst Bias
• Open to Interpretation Price Action Too Late
• Always Another Level Trader's Remorse

CHART TYPE:

CHARTING STOCKS

• Bar Charts and Jabanese Candlestick Charts
• Point and Figure Charts
• Line Chart

MAJOR CHART PATTERNS

PRICE-BASED INDICATORS

BASIC TECHINCAL TOOLS:

• Trend
• candle Stick
• Trend Lines
• Moving Averages
• Price Patterns
• Indicators

SUPPORT & RESISTANCE:

Support and Resistance lines indicate likely end of treends.

Resistance results from the inability to suppass prior high.

Support results from the inability to break prior low.

If support has broken than that level become the resistances, and vice-versa.

HISTORICAL SUPPORT & RESISTANCE

TO BE CONTINUEING.........