Technical Analysis: Scientific Study

From this resource I want to tell about the what is the Share markets technical analysis, what are the advantage and pitfall about the technical analysis of Share Market.

Technical analysis is primarily the scientific study of price to be more detailed, we can that it is the study of part price and volume data of a trade able security in order to gauge the on the point of the direction of its price.
Since we are trying to project, the future which is necessary in doubt. One can therefore hold that price patterns once identities can be traded effectively. Since market players are likely to say again their previous reactions in similar future condition.

Advantages and pitfalls of Technical analysis:
1.The study of prices given one a feel of the direction of price movement.
2.Technical analysis help trades and investments like to evaluation their investment decisions faster. "Buy the rumor and sell the fact"
3.Technical analysis brings to bear systematic and often closely controlled approach to the investment process.
4.Technical analysis often gives an advance signal of an impending turnaround in the markets.
Technical analysis is not an accurate science. It is the study of a self-motivated situation and you most therefore continuously evaluation your decision in light of fresh price action.

Trend Analysis

Charts based on Time Frame:
1.Daily Charts
2.Weekly Charts
3.Monthly Charts
Charts based on Price Depiction:
1.Line Charts
2.Bar Charts
3.Candlestick charts


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