Technical Analysis is an in-depth study of the stock market, as it helps the investor to predetermine the stock prices. It also helps in determining whether the stock is under-priced or overpriced. Any active investor considers technical analysis as a tool whether to buy the stock at a particular point of time. The main objective is to analyse the effectiveness of technical analysis on selected stocks of IT & Banking sector and interpret whether to buy or sell the stocks by using technical analysis tools like MACD, RSI and SMA. The Beta value is computed to check the volatility of the stock in comparison to the market return. It would help investors to know if the stock is following the trends in the market and also the risk involved in the investment. The study purely a secondary sources data collected from trusted sources such as NSE website.