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A Study On Technical Analysis of Automobile Industry
A Study On Technical Analysis of Automobile Industry
A Study On Technical Analysis of Automobile Industry
Technical analysis is a security analysis technique that claims the ability to forecast the future direction of prices through the study of past market data, primarily price and volume.
Line Chart
Line Chart is the most common and simple charts as it considers only the closing prices of the stocks and ignores other values such as open, close, etc.
Bar Chart
The chart is made up of a series of vertical lines and two small horizontal lines, one to the left and another to the right. The vertical line represents the high and low for the trading period, along with the small horizontal line on the left to show the open price and another on the right side to show the closing price
Candlestick Chart
Similar to a bar chart the candlestick chart also shows all the information like high, low, open and close prices of the stock the only difference being the way it is visually constructed.