Short cut method of analysis

Technical indicators is the analysis to confirm that the trend is reasonable . It’s not decision making tool. It’s a trending/non trending indicators. simple moving average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time period.It may not work in side ways. It is supporting tool to confirm that the trend is reasonable one. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.Overbought means an extended price move to the upside; oversold to the downside. When price reaches these extreme levels, a reversal is possible. The Relative Strength Index (RSI) can be used to confirm a reversal.FIBONACCI RETRACEMENT is based on Fibonacci ratios namely 61.8%, 38.2%, 23.6% (which are arrived by the series 0 1 1 2 3 5 8 13 21 34 55 89 144..up to infinity in which the (from 3rd no) number in the series is the sum of two previoud in the series. 61.8% is the arrived by any number in the series divided by its next right side number . 38.2 % is arrived by any no divided by next second​ no.likewise 23.6% is arrived by third no. First we draw horizontal line to identify the support and resistance.