Do you know how to analyse the chart by using technical analysis?.

Technical analysis in stock market :

Are you looking for free trading tips and predictions,then you are on right place to lean.Here are the things or factors you should take a look first when it comes to technical analysis of a stock.The best places where you can analyse the stocks are tradingview.com and moneycontrol.com.These are the places where you can use a variety of indicators (tools) to analyse the stocks for absolutely free which is more than enough.

1.Trendline

    Trends are signals which indicates the movement of a stock in a particular direction.The trend which is moving in an upward direction (bullish) is known as an uptrend or bullish trend.The trend which is moving in a downward direction (bearish) is known as downtrend or bearish trend.Sometimes the market will move with small fluctuations in the price for a bit longer time and the sideways movement is known as side trend.We cannot predict much in a sidetrend whether it will go uptrend or downtrend.Long term investers will not give a call to buy action when the stock is in sidetrend,whereas intraday day traders used to buy stocks in a sidetrend where they can earn some profits within the sameday.

                                       

                                                                         UPTREND

                                                                       SIDETREND

                                                                      DOWNTREND

2.Resitance

    Resistence is the level of highest price point where sellers dominate more than buyers.It's a point where the price drops after reaching it.After a long resistance line when the price breaksout it's resistance then it's an obvious buy signal.

3.Support

    Support is the level of lower price point where the price will not fall beyond the level due to buying of stocks and here buyers dominate more than sellers.When the price goes beyond the support line then it's a sell sign.

4.Volume

   Volume denotes the number or stocks bought or sold at the same time.When the volume chart is in green colour then it's a bullish signal where the buyers dominates to buy and the price increases. When the volume chart is in red colour then it's a bearish signal where the sellers dominates to sell the stock which results in price drop of the stock.Always take a call action when it is in bullish position.

Note: Based on my knowledge and my experience and I always don't say it's 100% sure, sometimes it changes at some places.