Technical Analysis in stock market | Analysis for shares | How to do technical analysis ? | How true is the candlestick pattern in trade in stock market?

 Technical Analysis - 

Everyone wanna to earn good profit from share market.

if they never turned in the side of Analysis than it is dam sure you will book loose and it will't good for you. so you need set your mind towards some analogy or some information with the company's given data. 

After you understand analysis you will have some skills these skills will cherry on a cake for you.

that analogy will develop you'r clear sighted and you will get what will happen in the market now.

first you should have skills to read chart or trading view chart like.    

Reliance -

it is candles based chart.

Green candle refers to - upward movement of market(share price increasing).

Red candle refers to - downward movement of market(share price decreasing).

1.  Resistance And Support -  Resistance is that where to price or share price goes to down . in other words seller are resistance if they sell their shares then share price will decrease and that peak will consider as an resistance after a resistance price will drop. likewise Red in colour in given below image.

Support is that where to increase share price or in order to explain traders who wanna to buy stocks or their trigger price is clicked and their buy share price will increases then that lower red candle do the role of support. as usual. 

support will indicate you that price will increase. 

 

TCS stocks -

2. Check trend - Up trend or down trend. 

       TCS chart - 

These white lines indicate up trends.

how to make trend lines -1.Up trend -  connect green candle's head to green candle's head if it goes up 3 times or more then we will say it is up trend. 

These white lines shows down trends.

2. Down trend - connect red candle's head to red candles head then if it repeats 3 times or more then we can say it is down trend. 

Analogy is that if you wanna make profit then you can see the trend if it will going up then your strategy should be Buy but be careful and if will it going down then you should try to sell  and then decide that you had to hold their position or sell. 

These skills are mostly profitable in" INTRADAY TRADING "

Thanks for reading.