MEANING OF TECHNICAL ANALYSIS : Technical analysis is a study of market data in
terms of factors affecting supply and demand schedules, such as prices, volume of trading
etc. It is a simple and quick method of forecasting behaviour of share prices. The financial
data and past behaviour of share prices of a company are presented on charts and graphs
in order to find out the history of price movements. It helps to explain and forecast changes
in share prices. Technical analysis provides a simplified picture of price behaviour of a
share. The analysts believe that the price of a share depends upon supply and demand in
the stock market. They get the important information about price and volume of a share in
the stock market. Investors, who use technical analysis, start checking the market action of
the share if it is favourable. They also examine the fundamental factors about the company
and make sure that the company is sound and profitable.
What is Technical Analysis?
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