Technical Analysis

Indicators

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Indicators help traders identify and confirm the market's direction, strength, and volatility. They are especially useful in trending markets because they allow traders to ride the trend rather than predict reversals. How Indicators Are Used: Used for trend confirmation, avoiding false breakouts. Helps identify entry & exit points based on trend strength. Commonly used in ... Read more

Hammer Candlestick (Bullish)

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The Hammer is a single candlestick pattern that appears at the bottom of a downtrend, suggesting a potential reversal to an uptrend. It indicates that although sellers controlled the price initially, buyers stepped in, rejecting lower prices, which could signal the weakening of the downtrend. Characteristics • Appears after a downtrend, indicating a potential shift … Read more

Line Chart

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The line chart is the most basic form of price chart, developed as a simple way to visualize stock trends over time. It plots only the closing prices of a stock and connects them with a continuous line. The closing price is often considered the most important price of the day as it reflects the ... Read more

Average Directional Index (ADX)

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The Average Directional Index (ADX) is a trend strength indicator that measures how strong a price trend is, whether upward or downward. Unlike other indicators, ADX does not indicate trend direction, only the strength of the trend. It is typically plotted along with +DI (Positive Directional Indicator) and -DI (Negative Directional Indicator) to determine trend ... Read more