Forecast Share Price Using Technical analysis Tool

Abstract

In recent years many of us have been interesting in investing in the share market. This study focuses on the prediction of share price using a technical analysis tool (candlestick chart). In this study we use 30 companies' one-year data of share prices, top companies of the individual sector in NSE (National Stock Exchange) to forecast the share prices. The sample charts are taken from moneycontrol.com. In this study, we predict the share price using the previous price changes in the share market. Compare them with an actual price, find how many decisions are correct, how many decisions are wrong.