Why Technical Analysis .
Study of Charts.
Support and resistance levels.
Chart Patterns .
Practical usage of Indicators and oscillators.
Trading Psychology and Risk Management.
Any person who is interested in the learning of Technical Analysis of Stock Market
What is Technical Analysis?
Study of Market/Price Action Through the use of charts Forecasting future price trends
The study of past market data Stock prices are determined by supply and demand Shifts in supply and demand cause reversals in trends Trends and reversals in trend can be seen in charts Chart patterns tend to repeat themselves
A support line refers to that level beyond which a stock’s price will not fall. It denotes the price level at which there is a sufﬁcient amount of demand to stop.
Resistance is a horizontal ceiling where the pressure to sell is greater than the pressure to buy
Basic Principles and Understanding of Dow Theory
Dow Theory is named after Charles H Dow, who is considered the father of Technical Analysis. Dow Theory is very basic and more than 100 years old but still remains the foundation of Technical Analysis.