Technical Analysis in Indian Stock Market with the special focus on Automobile Sector

Every investor always wishes to have a decent return on his/her investments because they invest the part of their income. Among the various schemes of investment, equity is considered the most rewarding even though it involves higher risk. In order to mitigate the risk and increase the return, investor need to get involved in analyzing the stocks on the basis of either technical or fundamental analysis. In this research, a study has been undertaken to analyze the equity shares of companies on the basis of technical analysis. By using the techniques appropriately, potential investors can take informed and rational investment decision. This study is conducted on the sample companies of automobile sector. Candlestick pattern and strategies are being explained in the research to help the potential investors.