Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics.It is one of the two major schools of market analysis,
In general, technical analysts look at the following broad types of indicators:
Price trends
Chart patterns
Volume and momentum indicators
Oscillators
Moving averages
Support and resistance levels the other being fundamental analysis. Whereas fundamental analysis focuses on an asset’s ‘true value’, with the meaning of external factors and intrinsic value both considered, technical analysis is based purely on the price charts of an asset.