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Tagged: Technical Analysis
Study of market with proper logic and deriving demand and supply by price and volume using charts , patterns indicators etc.,
Following the market and analyzing the probability of the price to go up or down is technical analysis.
Technical analysis is an analysis of the market movement using stock price and volume. It is reliable to the retail traders. We can do the analysis using different types of charts.
It is a method to predict the direction of market using past data available.
Technical analysis is done with recent market price and traded volume by converting this data into different charts (candle stick, line chart, bar chart). This helps to arrive at a conclusion whether the price of the stock will go up or down.
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