Technical indicators are a set of tools used to gauge the direction of the market by applying algorithms or mathematical calculations relating to demand and supply of the relevant stock. These price indicators can be used to complement the technical analysis by offering meaningful insights about the movement in prices. There are two types of indicators namely the Moving Average which does not work in the sideways movement but trending movement and we have the RSI (Relative Strength Indicator) which works exceptionally well in the sideways movement.
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