While trading in the stock market, you should pay attention to investor’s psychology such as hope, fear and greed.

While trading in the stock market, you should pay attention to investor’s psychology such as hope, fear and greed. These psychological factors greatly influence stock prices. To understand the price movements, one needs a representative chart which could be plotted over a period of time. Charts are important technical tools as it helps the traders to predict future price movements by analyzing past and current price movements of the stock. There are different types of charts in technical analysis. Candlesticks are one of them. It is not only a technique to recognize the pattern, but it also shows the relationship between buyers and sellers which takes place in the market