Exploring IT Stock Movements: A Technical Analysis Perspective

This study explores the application of technical analysis in evaluating the price movements of IT sector stocks, focusing on key indicators such as Exponential Moving Averages (EMA) and the Relative Strength Index (RSI). The research aims to identify historical price trends, determine support and resistance levels, and analyze stock performance using technical indicators. The study is based on secondary data sourced from the National Stock Exchange (NSE) and financial platforms, examining a sample of 10 IT stocks over a 10-month period. Findings indicate that EMA and RSI can serve as effective tools for recognizing trading opportunities and market trends, though their predictive accuracy is influenced by market volatility and external factors. The study emphasizes the importance of integrating technical analysis with fundamental insights for more comprehensive investment decisions in the fast-paced IT sector.