Technical Analysis is nothing but reading the Market sentiments for Financial Instruments , it involves the ability to fore cast and foresee the Next possible trade set up , But what most fails to Understand is the pattern where in the past has occurred will occur in features too , Script : This stock has closed all time high and usually before rally it will have a very shallow pull back , You can expect pull back trade near 1400 for one more spike up before it starts correction for larger trend basis Regards