Abstract
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is “likely” to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time. This study is based on the analysis of four Nifty Bank Index stocks namely Axis Bank, Bank of Baroda, State Bank of India and ICICI bank listed in National Stock Exchange. Technical indicators such as Relative strength index (RSI), Rate of change (ROC) and Moving Average (MA) are used in the study. This paper aims at carrying out Technical Analysis of the securities of the selectedbanking stocks and to assist investment decisions in this Indian Market.
Highlights
Investing is one of the most crucial decisions that every earning individual has to make at one point of the time or the other
This paper aims at carrying out Technical Analysis of the securities of the selectedbanking stocks and to assist investment decisions in this Indian Market
This study mainly focuses on investment decisions by predicting futures stock price movements through the use of Technical analysis
Summary
Investing is one of the most crucial decisions that every earning individual has to make at one point of the time or the other. 4. Objective of the study To analyze the performance of Nifty Bank Index Stocks in Indian stock market and to predict the future trends in the share prices through Technical Analysis. This study mainly focuses on investment decisions by predicting futures stock price movements through the use of Technical analysis.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have