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Entries for the ‘Technical Analysis’ Category

Reliance Industries Technical Target

Reliance has a technical target of 2100 followed by 2350. There is a huge supply zone at 2350.

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Sensex Support at 13480

Sensex is nearing an important sensex support level of 13480. Investors should remain cautious. If this important support of sensex is broken, sensex could then trade in a wide range of 1000 points.

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What is technical analysis of stocks

Technical Analysis tries to predict or determine the price trend of a stock purely based on demand and supply. A chartist or technical analyst looks at the chart of an equity for current price and then based on historical price movements (demand and supply) around the current price, tries to predict the movement of the price.

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