Technical indicators are predefined analysis and algrothemic representation of price and volume and doesnot involve demand and supply.
Moving average is calculating average price of stock over a particular periof time and it works as asupporting factor in any trend and decision making not involving volume
RSI is based on number of positive and negative candlestick bars. It has two horizontal lines indicating 70 at the top and 30 at the bottomIf the index goes below 30 indicates selling pressure and above 70 indicates buyng pressure
Fibonacci seies is asequence of number in which each number is the sum of previous two numbers

1 Comment
  1. Naresh 5 years ago

    Hi,
    Fibonacci retracements are levels (61.8%, 38.2%, and 23.6% ) upto which a stock can possibly retrace before it resumes the original directional move.

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