Technical Analysis is basically the study of Price Chart, undertaken to get an idea about future price action of any traded stock. A Price Chart plots the quotes of a stock traded on a stock market. All past\present\future news relating to a stock, together with investors’ opinion about it, determine the price of the stock on the trading floor. The “Price” discounts everything. Therefore, study of anything else is unnecessary. Technical Anlysis comprise of various techniques to study such price action over a period, as shown in the price chart.