TECHNICAL ANALYSIS OF SELECTED INDIAN BANKS

ABSTRACT

This paper describes about the use of Technical Analysis for traders while taking buying and selling decisions with the technical analysis done for the stocks of few selected Indian Banks. Technical analysis is the most useful and consistent approach to trading in the markets. Simply put, Technical analysis is the art and science of putting stock information on a chart in the form of various kinds of bars and detecting different patterns indicators tosses the market direction. While a lot of people know a least a little about technical analysis, very few really know how to use it. Technical analysis is not an astrological science for predicting prices and market direction. The main function of technical analysis is to show the current demand-supply position of the market, or the particular stock, define risk and reward of each particular trade, Technical analysis is not an end in itself; the end is its effective use for profitable trading.

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