Technical Analysis Part 1-English | Price & Volumes | Line Chart | Masterclass by 5paisa School cover

Technical Analysis Part 1-English | Price & Volumes | Line Chart | Masterclass by 5paisa School

Instructor: Prof. Dr. Sangeeta Wats

Language: English

Validity Period: Lifetime

#5paisaMasterClass The main objective of this masterclass is to introduced you to the basic concepts of Technical Analysis in order to use them to make profit while trading. Get familiar with different concepts of Technical Analysis such as trends, candlestick patterns, volume analysis, chart patterns and technical indicators. Join #5paisaMasterclass on Technical Analysis Part 1 in English, Today @3pm with Dr. Sangeet Wats, Associate Professor, NMIMS. The session will help you to take independent decisions on Technical Analysis. Introduction to Technical Analysis Part 1- Technical Analysis is the art of forecasting future price movement based on past price action, volume on a chart and applying various studies and indicators to it. Technical Analysis works across all timeframes i.e. intraday – daily – weekly or even yearly data and is applicable to stocks, indices, commodities, futures or any tradable instrument where the price is governed by the forces of supply and demand. Use of Technical Analysis It is a very effective tool to time the markets, i.e. determine the entry levels, the stop-losses, as well as the target levels. It takes into account everything (barring the ACTS of GOD) that is likely to impact the prices, including fundamental reasons, stock specific news, results, events affecting same sector’s stocks, political happenings and so on. Bases of Technical Analysis The three most important bases of Technical Analysis are: • Price Discounts Everything • Price Moves in Trend • History Tends to Repeat Itself In Technical Analysis chart plays an important rule. Charts capture price movements of a stock over specific time frames. A chart can illustrate the number of shares that change hands over a certain time period. Chart depicts the historical price, volume action of scrip. Three of the most commonly used Chart types are: • Line Chart • Bar Chart • Candlestick What is Line Chart? When you draw a line connecting the closing prices of a specific stock or index over a given period of time you get a Line Chart. It is particularly useful for providing a clear visual illustration of the trend of a stock’s price or a market’s movement. Line Chart is widely used by beginners to draw trend-lines.

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