Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security’s intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity.

In the Indian market, technical analysis is often used by traders and investors to make informed decisions about buying and selling securities. Some common technical analysis tools used in the Indian market include:

Trend lines: These are lines drawn on a chart to show the direction and strength of a trend.

Moving averages: These are the average price of a security over a certain period of time, which can be used to identify trends and support or resistance levels.

Candlestick patterns: These are patterns formed by the price action of a security over a given period of time, which can indicate the direction of future price movement.

Oscillators: These are technical indicators that fluctuate between two limits, which can be used to identify overbought or oversold conditions in a security.

Technical analysis can be used in conjunction with fundamental analysis, which is a method of evaluating securities based on their intrinsic value and the underlying financial and economic factors that may affect their performance. By combining both technical and fundamental analysis, traders and investors can make more informed decisions about when to buy or sell securities in the Indian market.