The basic tools of technical analysis are fibonacci, moving averages or candlestick charts.
Chart value of shares changed over time which is the trend of stock trading volume and stock price chart which is mathematically analysed and mainly depend upon the behaviour of graphics and use of statistical analysis indicate the future prospects and behaviour of prices
There are three main basic assumptions of technical analysis.
1. The main factor on which technical analysts trust and believe is market psychology like that stock prices reflect all that you need to know
2. Second most important factor is that stock market price mostly follow or move in trends which is simply indicate that for further development we need to follow that trend and more likely to continue in the same direction as against him.
3. The third important factor about the technical analysis is based on historic nature of market trends. Investors usually take assumption and follow the similar events in the market
The investors want to understand the smallest detail in the trend and want to know that these technical analysis of trends are favourable or in opposition.
Technical analysis is not easy it mainly depends upon the more technical facts and figures In addition to technical investors want to know more details.
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