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Technical indicators look to predict the future price levels, or simply the general price direction, of a stock by looking at past patterns.
Technical indicators are supportive tool for the technical analysis and not decision makers. It is a ready made analysis. They are mathematical calculations based on the price andvolume. It is an additional tool for predicting the price movement. it is true all the time.
Technical analysis are alograthm based easy and simplest method of finding price movements.it fiffers from other analysis becaz it us analysed using demand and supply.
Moving average and RSI(Relative Strength Index) are Technical indicators. They are only indicators to understand market
trend but not decision makers. This is a supporting tool for confirming the price movement. This is a ready made analysis.
This analysis is done using Demand and Supply.
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