Introduction
For ages, it is the desire of the man, that he knows what is going to happen in future. Well, the same is for the securities too. All types of traders whether investors or speculators are looking for a hint for their entry or exit in any of the desired stocks. To predict the future price movement of the stock, there is a lot of analysis involved on the traders' end. This analysis which is either done by the investors themselves or by the stock brokers on their behalf is known as Technical Analysis. In simple words, technical analysis can be described as the study of supply and demand of the security trading on the Stock Exchange. With the help of technical charts and tools, we can predict the future price movement of the security easily. Technical Analysis of any security or sectoral index is basically analysing the past price movement of the same and predicting their future movement. Technical Analysis is based on Dow Theory. Before proceeding further, understanding th...