Case Study Essay
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time. One of them is candlestick chart. By the grace of Almighty Allah I have been assigned to prepare a project paper on ‘Making Effective Decision in Stock Market through Candlestick Chart Analysis’.
I believe that I have tried all the way to follow the previous studies retaining my …show more content…
Sources of Secondary Data: Going through different internet based documents, PDF files, and websites and by others are the sources of secondary data.
1.5 Limitations of the Report
• Due to lack of practical experience and lack of professional knowledge about candlestick chart analysis, some errors might be occurred during the study. Therefore maximum efforts have given to avoid mistakes. • In Bangladesh candlestick chart analysis is not used uniformly, so getting desire information become a problem. • Time was limited because its take plenty of time to become expert in candlestick charts analysis and making useful decision.
Overview of Candlestick Chart
2.1 Technical Analysis
Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past price and volume. Technical analysis do not attempt to measure a securities’ intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity Technical analysis is applicable to stocks, indices, commodities, futures or any tradable instrument where the price is influenced by