Answer 1. Technical analysis is a trading discipline which an investor can use to evaluate investments and this analysis is helpful in identifying trading opportunities by taking price movements as a base. It is different from fundamental analysis because fundamental analysis is used for determining the quality of long term investment. So when investor wants evaluate investments in identifying trading opportunities in price movements then technical analysis is helpful.

Answer 2. This technique is helpful in price predictions of the securities. It is all about probabilities and not guarantees. This technique tries to capture market opportunities and sentiments. It is about judging the reactions of traders and investors in certain circumstances. In technical analysis investors amd traders judge past prices in order to predict future price movements. That's why they have to use technical analysis.

Answer 3. Technical analysts generally believe that prices move in trends and history tends to repeat itself. The two major types of technical analysis are chart patterns and technical (statistical) indicators.

Chart patterns are a subjective form of technical analysis where technicians attempt to identify areas of support and resistance on a chart by looking at specific patterns. These patterns, underpinned by psychological factors, are designed to predict where prices are headed, following a breakout or breakdown from a specific price point and time.

Technical indicators are a statistical form of technical analysis where technicians apply various mathematical formulas to prices and volumes. The most common technical indicators are moving averages, which smooth price data to help make it easier to spot trends. More complex technical indicators include the moving average convergence-divergence (MACD), which looks at the interplay between several moving averages.