On daily basis we generate lots of pre-screened reports based on standard indicators/patterns that help visitors to gain good insight of stock patterns based on its previous price movement to enable them to take some important trading/investment decision.
Charts are most essential and powerful tool in Technical analysis and owing to advancement in computer science and easy online access to them via site like ours; it has become handy for lot of part timer traders/investors also.
As we speak, Technical Analysis is a very mature form of stock research and with that being the case, lots of research is being done and lots of different sub streams have evolved. Some uses technique like simple over bought/oversold oscillator, while some uses more advance technique to understand market cycle using Elliot waves. Some draw simple closing price line chart to find support & resistance, while some use momentum indicator to measure trends and its strength, while some prefer to draw relatively complex candlestick chart with multiple points like open, high, low and close.
With this much of choice, novice users often get overwhelmed and are not sure where to start and often run away or make incorrect trading decision when try to use too many of them with less experience.
One of the key to success is to select a few of them, they could be simple ones like Moving Average, or a chart pattern like double top, or simple oscillator like RSI, and read and observe their behavior using our stock screener and do some paper trading before start making consistent analysis.
As this is vast topic, we split it into multiple sections and they can be navigated from the menu but we suggest you to learn more about basic of technical analysis first.
We think it is necessary to make a mention that it takes lot of reading and experience to trade like a professional using these concepts. So please take caution in taking important trading decision.