The theory of technical analysis predominantly takes human psychology into account where it is believed that the price patterns are result of how market responds to similar situations that arise time after time. In other……….
As they say, A picture says a thousand words, this perfectly stands true in the terms of technical analysis, where the whole trading statistics is plotted on a pictorial representation. A technical chart is the graphical……
In Stock market Head and shoulders is the most popular and reliable reversal pattern. The pattern forms by two upswing moves (shoulders) separated by one large upswing move (head). The two upswing moves need not be of same size. A novice…
Cup and handle pattern is a unique charting pattern, which resembles morning tea-cup along with nice handle. Long slow alteration in the market direction is achieved by tea-cup pattern; while tight consolidation phase in the opposite direction resembles like a handle..
Sideways Trend, as the name suggests, is sideways- absence of any clear directional bias in the market.Such horizontal price movement occurs when the forces of supply and demand (of the underlying) are nearly equal………
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