Title: Nifty Trading Academy Review For Basic of Technical Analysis
1Technical analysis-know how
- Nifty Trading Academy Review- 99253 91111
2Basics of Technical Analysis
- Technical analysis is used to forecast stock
prices on the basis of market-derived - data.
- Technicians (also known as quantitative analysts
or chartists) usually stare at price, - volume and psychological indicators over
time. - They look for trends and patterns in the data
that indicate future price movements.
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3Why Technical Analysis
- TA is useful with various Aspects and in Various
ways - Trends for Coming Days.
- Trends mean whether it is Up trend or Down Trend
- TA is mostly used in West and Some Asian
Countries like Japan for More than 125 to 150
Years Back. - In India, it is popular from last 20 to 25 years.
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4Fundamental vs. Technical
- The Difference between TA and FA is that, FA
finds the reasons for stock to move up/Down due
to result. Whether TA is not concern with the
reason. - In TA, sometimes reason may come afterward for
stocks to move up or down.
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5The Logic of Technical Analysis
The logic behind Technical Analysis
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6Assumptions of Technical Analysis
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7Charts
Position
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8Line Chart
-
- Line charts are familiar to all types of
analysts and are a simple graphic display of
price trends over time. Usually, the chart is a
plot of data points, such as share price, with a
line connecting these points. - http//www.niftytradingacademy.net
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9Bar Chart
-
- A bar chart, in contrast, has four bits of
data in each entrythe high and low price
encountered during the time interval plus the
opening and closing prices
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10() Candel Stick
- Green Candle and Red candle.
- There are four price in candle.
- Open
- High
- Low
- Close.
- If Open to close is high it is a green candle.
- If open to close Below it is a Red candle.
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11 Candle Stick Charts
Candel Stick
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12Price and Volume
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13Trend Analysis
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14Support and Resistance
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15Chart Patterns
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16Types of Charts
- Construction of Charts-
- There are two Axis 1. X-Axis and 2. Y-Axis.
- X-Axis - Shows Time period of the Stocks.
- Y-Axis Shows Value of the Stocks.
- Time Period Means- Price can be plotted on the
charts from Minute to year
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17Types of ChartsĀ
Types of Charts
- Minute-to-Minute Charts.
- Daily Charts.
- Weekly Charts.
- Monthly Charts.
- Yearly Charts.
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18Types of Trends
- Up Trend
- Down Trend
- Flat or Sideways Trend
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19Up trend
-
- In Up Trend , stocks prices move in upward
direction. - Formation is higher top and higher bottom. One
should buy at every decline.
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20Up trend
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21Down Trend
- 2) Down Trend-
- In down trend, stocks prices move in downward
direction. - Formation lower bottom and lower top. One
should sell at every rise
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22Trend Analysis
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23- 3) Flat or Sideways Trends-
-
- In sideways trends, stocks prices move in narrow
range neither going up wards nor down wards. - Here, one should have to wait for the clear trend
whether up or down.
Sideways Trend
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24Technical Indicators
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25Price-Based Indicator Moving Average
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26Price-Based Indicator Bollinger Band
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271st Indian Institute for LiveMarket Training
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- THANK YOU ALL
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