Supply and demand of the stock drive the share prices. If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be a greater supply than demand, and the price would fundamental analysis is to find a stock’s intrinsic value, a term meaning what you believe a stock is really worth – as opposed to the value at which it is being traded in the marketplace. How is management? What is the potential growth of the business? How is company’s performance? etc….l. Hence the frequent change in demand & supply of stock causes change in price.
Technical analysis is designed to be done with data inputs of price and time. Other important data is traded volume. specific company information, economic data and even market psychology, is already factored into previous price movement and the current market price.
Line Chart, Candlestick chart, SMA, EMA, ADX, Stochastics, Volume chart etc.
Candlestick chart gives the information about Opening price, Closing price, Max. price, Low price of the particular day. It helps to analyze the mentality of the traders of the day which can help to predict share price growth in short term.