The Technical Analysis -- A Logical Effort of A Psychological Mind Commerce

The article tries to bring out the logicality of technical analysis. The price behavior of stocks is governed by very preliminary economic and psychological inputs. The Stock Market price quotes are presented in print media and electronic media. These are presented in the format of open, high, low & close. These price and volume statistics come in handy for the technical analyst to do his guess work. The technical analyst will use techniques such as daily volumes of transactions, floating stocks, price trends, Dow Theory etc.