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What is technical analysis?

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What is technical analysis?   We all know that the market moves in two directions, either upside or downside. These upside and downside movements are called trends, and to identify these trends we use technical analysis. It involves various patterns and price movements on charts, which help us predict the future movement of any financial instrument by studying the past available data.   Technical analysis requires chart study, and one of the best platforms to study charts of any financial security is Tradingview.com. Technical analysis is a very vast field to explore, and you need to invest some time to understand it completely. In trading, technical analysis is your friend, whereas in investing , fundamental analysis is your friend. But, what if we combined these two together? The result will be a deadly combination that will be so effective that you can earn multifold returns out of it.   How technical analysis will help you in investing?   As we ...
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What is candlestick chart?

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To trade or to invest, we all need to study the technicals, which are in the form of charts. This study of charts is known as technical analysis . And the most commonly used chart by most traders and investors is the candlestick chart. The candlestick chart was first developed in the 18th century by a Japanese rice trader named Homma Munehisa. He is also called the father of candlestick chart patterns. Later in 1991, this chart was introduced to the world by Steve Nilson through his book called, Japanese Candlestick Charting Techniques. "Candlestick chart." The name itself tells us that it is a chart that involves candles. Each candlestick tells us the sentiment of the market, if it is a bullish or bearish sentiment. And a group of candlesticks forms a pattern which then indicates the market trend or gives an idea of where the market can move next. Each candle has an important role in the chart and represents the price movement that occurred during a defined time ...
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Multiple candlestick patterns- Part 2

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Welcome back, everyone, to Part 2 of Multiple Candlestick Patterns. Today we are going to discuss about five more major candlestick patterns that will help you in your technical analysis. If you haven't read Part 1 of Multiple Candlestick Patterns, you can read it by clicking here👉🏻 Multiple candlestick patterns: Part 1 1. Bullish Harami: A bullish hammer is formed with the combination of two candlesticks. This is a bullish reversal pattern that is formed at the bottom of a downtrend. Here, the first red candle indicates a strong downtrend in the market. The next small green candle is formed, which shows that the bulls are coming back into the game. The second green candle (body and wicks) should be completely within the range of the first red candle; otherwise, it won't be a valid bullish harami. To trade this pattern, there are two entries: Entry 1 : If the next upcoming candle breaks the high of the second green candle, you can enter with a stop-los...
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