In the modern financial world technical analysis is one of the two key methods of analyzing stock prices along with fundamental analysis. Technical analysis studies the past price movement of stocks in order to anticipate the future price movements. There are three basic assumptions of technical analysis: 1. The current price of stocks fully reflects all important information. 2. Price moves in trends. 3. History tends to repeat itself. In essence technical analysis considers that the price movements are the result of supply and demand forces in the market for a given stocks. In studying the movement of stock prices technical analysis uses a wide variety of charts patterns, technical indicators and oscillators such as; Moving Average, Bollinger Bands, Price channel, Relative Strength Index, Moving Average Convergence/ Divergence. In trading with the help of technical analysis is a basic prerequisite efficient and transparent capital market. Although technical analysis does not always guarantee success and is not always 100% accurate, it gives investors and traders concrete facts about how a stock price moves so that they can invest at the right time or sell the right time.