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1. INTRODUCTION Technical analysis is a method of evaluating securities by analyzing the 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. The technical analysis is a security analysis discipline used for forecasting the direction of price through the study of past market data. Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns .
Technical analysis really just studies supply and demand in a market in an attempt to determine what direction, or trend, will continue in the future. In other words, technical analysis attempts to understand the emotions in the market by studying the market itself, as opposed to its components. If you understand the benefits and limitations of technical analysis, it can give you a new set of tools or skills that will enable you to be a better trader or investor.
This project is conducted in hedge equities, Hedge Equities is one of the leading Financial Services Company in India, specialized in offering a wide range of financial products. they will help investors in their investment and pass necessary information and suggestion for their investment. Hedge provide technical analysis and fundamental analysis of shares for their customers.
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In this study we selected 4 steel companies 1. Tata steel LTD 2. Jindal South West Steel LTD 3. Steel Authority of India LTD 4. Uttam Galva Steel LTD
Through this analysis we can get an idea about the share price movement of steel industry and also to find out the nature of movement of individual steel company. This technical

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