WHAT IS TECHNICAL ANALYSIS ?
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Technical analysis is method used by technical analyst or trader to predict future prices of security.
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Technical analysis focuses on past price movements to determine possible future short term or long term moves to come.
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Technical analysis uses past prices of scrip, their volume and try to identify some pattern based on that values
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Trader will use those patterns and try to predict future prices for particular scrip.
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Technical analysis has a short-term view. Technical analysis focuses on predicting the immediate price movements..
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There are many different theory for technical analysis like Elliott theory, Dow theory.
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