How to read technical charts? Five things you need to know about technical analysis.
With the help of fundamentals, when you have shortlisted 30, 40 companies, then comes the technical analysis to enter and exit. As an investor, you all need to know about technical.
Suppose any of your stocks have fallen by 50%, your risk management will be very strong and strong. Then that stock has to increase by 100% to come into profit or breakeven.
So let's get started on the universe of technical analysis.
What you will learn today will be extremely useful in analyzing and trading on any script in the world.
We have explained each of the below mentioned topics with examples.
1) Types of Charts-Line, Candlestick, Heikenashi
2) Different Trends in the Chart-Uptrend, Downtrend, Consolidation
3) Support & Resistance: This is the most commonly used method. If the price of a script remains in place for a long time, then it is called support; if every time while trying to go up, the rejection comes at the same point, it is called resistance.
4) Different Chart Patterns- a)Head & Shoulder Pattern b) Double Top Pattern c) Continuation Pattern d) Triangle Pattern
5) Technical Indicators: With the help of technical indicators, we can get an expected or most likely idea of a trend. It will never be 100% correct.
These are the key fundamental ideas in reading charts. In the upcoming days, you can find in-depth videos on each topic on the channel.
Every time while trying to go up, the rejection comes at the same point, so it is called resistance.
SUBSCRIBE for daily updates: univest.in
Follow us:
Instagram: / univest.in
Twitter: / inunivest
Facebook: / univest.in
LinkedIn: / univest-in
#univest #technicalanalysis #stocktechnicals #technicalcharts #stockanalysis #stocktradingstrategies #stockmarketindia #stockmarketforbeginners