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Technical analysis is analysis based on Market action. It involves current market price and volume traded for a particular stock in the market. This is based on the demand and supply of the share in the market
Technical analysis is simply understanding and following the market using various techniques, rather than forecasting it. It involves following the Market Action rather than the Market News.
In technical analysis, we follow the market rather than forecasting it. we use various methods, theories and price patterns to determine the market trend.
Technical analysis is a trading tool used to study the price movement and volume of a security.This was derived from Dow theory regarding price movements and they basically follow a certain pattern and repeats itself over a period of time .It uses data of the past to create charts that allow the investor to predict the future movement and stay with the market movements.
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