Technical Analysis is one of the approaches used to determine stock price behaviour. It uses a study of the historical patterns in the stock prices and trading volumes to predict price movements. PL employs this approach to supplement fundamental analysis and to add value to forecasts using fundamental analysis with technical indicators to time entry and exits into the market or into specific stocks .
Our Technical Research team uses internally developed, highly sophisticated models to obtain statistically reliable estimates of stock price movements. They employ various technical indicators to measure price-volume, demand-supply relationships to assess the direction of the overall market as well as that of individual stocks. These models have been tested over time and have proved to be accurate in predicting market movement.
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