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Sapm 4 Technical Analysis by Ankur mittal

Sapm 4 Technical Analysis by Ankur mittal

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Published by: ankurmittal2112 on Dec 07, 2009
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01/05/2011

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Technical Analysis
Technical Analysis is the name given to forecasting techniques that utilizehistorical share price dataIt believes that share/security prices are determined by demand and supplyforces that operate in the market which are in turn influences also byemotional and psychological factors.They make price predictions on the basis of price and volume data lookingfor patterns and possible correlationsThis analysis is based on tree assumptionsThe market discounts everythingPrices move in trendsHistory tends to repeat itself 
 
 
Tools of Technical Analysis
ChartingLine ChartBar ChartsCandlestick ChartsTechnical indicatorsSentiment IndicatorsFlow of Fund IndicatorsMarket Structure Indicators
 
 
Certain Terminologies
TrendTrend is the direction of movement of share prices in themarket.Rising : Upward/Uptrend (Higher Highs; Higher Lows)Declining :Downward/Downtrend (Lower Lows; Lower Highs)Support: It is a value below which stock price is not expected togo down as demand is expected to increase.Support level is a level at which sufficient buying pressureexerted to halt fall in pricesResistance : It is a value at which stock price is not expected togo as supply is expected to increase.Resistance level is a level at which sufficient selling pressure isexerted to halt the ongoing rise in price of a share. Both these are reversal movements

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