A Study on the Technical Analysis of NSE Towards it Stocks with Reference to Indian Stock Market
Abstract
The article is about the technical analysis as to how it plays an important role in secondary market, analysis of stocks and its usefulness towards trading. Technical analysis can be defined as the process of identifying trend reversal at an early stage and to ride the trend until the weight of evidence suggests that the trend has reversed directions. “A Study on the Technical Analysis of NSE towards IT Stocks with Reference to Indian Stock Market†was done based on historical prices of IT stocks. Analysis is done based on the technical tools like Exponential Moving Average and Relative Strength Index and inferred based on the chart patterns formed.
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