SoS Module - Technical Analysis

Markets move for a multitude of reasons other than the fundamental performances. Technical analysis is a discipline which provides a framework to understand the demand and supply of stocks, currencies, commodities or any tradable financial instrument. The underlying principles of technical analysis are derived from the assumptions that the prices fluctuate primarily on the basis of the demand-supply and human behavior. This is because the markets are ultimately influenced by the behavior and psychology of the participants and stakeholders in general. Hence, the study of historical price patterns to forecast future trends has proven to be useful. Although technical analysis is evolving, the core concepts have largely remained unchanged. In this module, we aim to provide a solid understanding of technical analysis in a step by step manner which covers a vast array of topics.

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