Technical Analysis is a study for investment strategies by analysis of indicators and patterns of past behavior for
future predictions of stock and commodity price. Technical analysis is based on the following assumptions:
First> Market price could be calculated purely by supply and demand
Second> Prices of stocks, commodities and currencies tend to move in trends that persist for long periods of time.
Third> Shifts in supply and demand cause reversals in trends.
Forth> These shifts can be detected in charts/graphs.
Fifth> Many chart indicators and patterns tend to repeat themselves.
Sixth> Since there is a long and loud debates of the relative merits of technical analysis, which helps to find the probability and prospects of the given commodity or security.
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