WHAT IS TECHNICAL ANALYSIS

WHAT IS TECHNICAL ANALYSIS?

•      Technical analysis is the art of identifying market turning points at relatively early stage. For the investor or trader who identifies these changes and acts accordingly, the rewards can be enormous.

•      Technical analysis is the process of analysing a security’s historical prices in an effort to determine its probable future prices..

•      Using cricket analogy , investing or trading in the stock market without any knowledge of technical charts and chart patterns is similar to facing the ball of a cricket match without any protective gear like helmet, pads, gloves etc...

IMPORTANCE OF TECHNICAL ANALYSIS AND CHARTING

•         Helps you achieve an accelerated return on your investment

•         Helps you identify periods of a quick rise or a quick fall in price.

•         Helps you get into better risk-reward trades.

•         Helps you identify probable price and time targets for trades.

•         Helps you identify stocks that will rise or fall faster than the market.