Technical Analysis: Price Behavior of Select Indian Equities
Journal Title: International Journal of Business and Management Invention - Year 2017, Vol 6, Issue 7
Abstract
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Technical Analysis doesn’t result in absolute predictions about the future with regards to forecasting. Instead, Technical Analysis helps the investors anticipate the possibility of price movements over a period of time. The objective of the study is to predict the future price and to interpret on whether to buy or sell the selected equities. The study focused 13 Indian listed Equities from each sector in NSE Nifty for the period of one year. The secondary data collected from NSE Website and various sources. The Purposive Sampling Technique is used and the Research Design is Descriptive in nature. MACD and RSI tools are used to identify the Buy and Sell signals in the Candlestick Chart. It concludes that there is a Buy signal for 9 Scrips, Sell signal for 2 Scrips and Neutral signal for 2 Scrips. Moreover, Strong Buy signal for Bharti Airtel Ltd, I T C Ltd, Adani Ports and Special Economic Zone Ltd, Ambuja Cements Ltd, Sun Pharmaceutical Industries Ltd and Zee Entertainment Enterprises Ltd. And Strong Sell signal for Infosys Ltd.
Authors and Affiliations
*Dr. K. Ramesh1 ,, Dr. V. Devendar2
Keywords
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