Stock market analysis

stock prices are driven by bid price and offer price (selling and buying price) quoted by traders. when the bid and offer price gets matched off, then trade takes place then that price becomes last traded price also known as market price. as this process of bidding, offering and match off takes places frequently, the stock price keeps changing frequently.
for fundamental analysis : price of raw materials. demand of the product, local and international market, government policies, climatic conditions, etc

for technical analysis : market price, charts, stock indicators.

Pros : 1.Because technical analysis focuses on price movement the charts provide a clear picture of market action. This information can be quickly gained from just looking at a chart.
2.Uses price and volume data which is objective data.
3.Prices are ultimately governed by human emotions so technical analysis takes into account market sentiment.
4.Patterns are easily identifiable on a chart. Technical analysts can use patterns to guide their buy and sell decisions.
5.Inexpensive : Computers have allowed access to charts that can either be free or relatively inexpensive. Technical analysis also frees up an analysts time.
Cons: 1.Too many indicators : A technical analyst can apply too many indicators to their chart resulting in underlying price action being overlooked and too many differing signals from the competing indicators which could result in ‘analysis paralysis’.
2.Technical analysis does not take into account the underlying fundamentals of a company.