Rectangle pattern is a valuable tool. This pattern can be easily spotted as stock/index oscillates between a tight trading range forming a horizontal channel.
Stop Loss is the crux to limit trading risk, to remove emotions from decision making and it also aids the trader to gain better control over their trade. Stop Loss is generally used by a trader who intends to enter a trade with a short term/intraday view.
Technical Analysis is the forecasting of future price movements based on the assessment of past price movements. It doesn’t result in complete predictions about the future price. Instead, technical analysis can help investors anticipate what is “expected” to happen to prices over time.
Resistance level is a price around which a stock finds incremental sellers. Traders use these levels to exit a long position or even short sell a security.
Triangle Patterns are the simplest type of patterns to identify and put into action. Understanding these triangle patterns will enable a trader to spot the emerging trend in price of a stock/ index.