TECHNICAL ANALYSIS

AN OVERVIEW

INTRODUCTION
Technical Analysis is a security analysis methodology for forecasting

the direction of prices through the study of past market data, primarily
price and volume.
It is basically concerned with study of what instead of why.
Timing of entry and exit is very important.

GOLDEN RULES
Price discounts everything.
History repeats itself.
Trend is your friend.
Trading psychology in terms of risk and return.

TYPES OF CHART
LINE CHART

Just a line that connects the closing prices over a time frame. No trading frame. Most
basic of all charts.

 BAR CHART

- Vertical Line represents highs/lows of the day.

- Horizon line represents open and closing price.
- Red = Down
- Blue/Black = Up