A STUDY ON TECHNICAL ANALYSIS OF STOCKS LISTED IN NSE WITH REFERENCE TO PHARMACEUTICAL INDUSTRIES

Technical Analysis is a study of the stock market with respect to factors affecting the supply and demand of stocks helps to understand the intrinsic value of shares and to know whether the shares are undervalued or overvalued. The stock market indicators would help the investor to identify major market turning points. This is a significant technical analysis of selected companies which helps to understand the price behaviour of the shares, the signals given by them and the major turning points of the market price. Any investor or trader must certainly consider technical analysis as a tool whether to buy the stock at a particular point of time though it is fundamentally strong.