What Is Technical Analysis? How To Do Market Analysis? – Friends, today I will tell you what is Technical Analysis. Friends, if you want to invest money in share market. So you have to do technical and market analysis first. This gives you an idea of the market trends. What is the value of the share price in the market right now. What else can happen, friends, with the help of this you can also avoid the risk. And this gives you an idea of when and where you should invest. If you want to know more, then you read our article completely.
Fundamentals vs Technical Analysis
Friends, in Fundamental Technical Analysis, the company’s financial statement and business model and management capability etc. are seen. And our biggest motive for doing fundamental analysis. Before investing in any company for a long time, one has to estimate. And friends, technical analysis for investors or traders in short and fundamental analysis for long term investment is considered to be much better.
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Technical Analyst’s Toolbox
Friends, now I will give you the basic information about it.
Friends, it is used for the movement of the stock or the time of the stock. And it is used to know some time period of any stock or commodity or forex share.
Friends, this is also a kind of bar chart. Friends, this shows the movement of price. In this also the staff or community or the specific time period of the forex stock is used to know the opening high low and close. Friends, in the bullish market, the candle is shown as green and in the bearish market the candle is shown as red.
Friends, this chart is different. Which you would know by the name of this. This allows you to calculate the momentum of the share price. Shows you the lines. You have to pay a little attention to understand this.
Point And Figure Chart
Friends, on this like Candlestick Chart to assess the volatility of a share price. There is a chatting technique. This technique was introduced by Wright named Hoyle in his book in 1898. Friends, that is why it has been included in the old chart technique.
Basic Terminology of Technical Analysis
Friends, now I will tell you the basic information about it.
Friends Bull means bullish. Friends, going up of the stock market is called Bull.
Friends Bear means bearish. And going down the market is called bearish.
Friends, in this you have to buy the stock as soon as the market is open. And the shares have to be sold before closing. This is what is called Intraday.
Friends, this means that you want to buy the stock and fold it for more than 1 week and want to sell it. This is called swing trading.
Friends, in this you hold your stock for 2 or 3 months. and then sell it. So that you can earn a lot of money. This is called Postional Trading.
Short Term Trading
Friends, in this you can hold any stock for 3 or more than 12 months. Hold it till then, and then sell it. Because by doing this the risk is also less and the benefit is also more.
Friends, we have given you all the information related to technical analysis. If you face any problem. So you can ask us your question in comment. I hope you liked our article. You must share it with your friends.