A STUDY ON INTRADAY PRICE ACTION PATTERNS AND TRADING VOLUME RELATIONS IN THE STOCK MARKET WITH SPECIAL REFERENCE TO NIFTY IT COMPANIES

Abstract

In the recent scenario, investment has been becoming a vital aspect for every earning individual which he thinks most probably to do certain amount as an investment at some point of time. In the available options, investment in stock market is not only rewarding but also risky. When a decision is required to be made, the term ‘analysis’ comes into the picture. Analysis includes both fundamental analysis and technical analysis. For predicting short term trends in financial markets, technical analysis is used. This study focuses on technical analysis using Price action movements and volume analysis in select stocks of Indian IT sector which are listed in NSE. Time period taken into consideration was from April 2018 to March 2019, on 15 minutes time frame basis. By better understanding of the candlestick patterns and the volume, a trader or an investor can make better decisions regarding the entry levels and the exit levels and also enclosed that without having proper knowledge one should not opt for technical analysis.