Abstract
This research explores the efficacy of technical analysis in predicting short-term stock market movements. The study investigates various technical analysis tools, including support and resistance levels, Fibonacci retracement, and swing highs and lows, applied to a selection of stocks from Bank Nifty. The primary objective is to evaluate the effectiveness of these tools in forecasting price trends and providing actionable trading insights. Data was analyzed over a five-year period, utilizing a blend of qualitative and quantitative research methods. Findings indicate that while technical analysis provides significant insights into market behavior, its effectiveness can vary widely depending on market conditions and the specific tools used. The research contributes to academic discourse on market efficiency and offers practical implications for traders and financial analysts by enhancing the understanding of technical analysis as a robust component of trading strategy development in the volatile environment of stock trading. Keywords : Short term Price Movements, Support and Resistance Level, Fibonacci Retracement, Swing highs and lows, Technical Analysis, Stock Market, Bank Nifty.
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