Project Report on S&P Cnx Nifty Through Rsi
IJMBs Vol. 1, Issue 1, March 2011
ISSN : 2330-9519 (Online) | ISSN : 2231-2463 (Print)
Technical Analysis on Selected Stocks of Energy Sector
GRG School of Management Studies, Peelamedu, Coimbatore, TN, India
Abstract Technical Analysis is a study of the stock market relating to factors affecting the supply and demand of stocks and also helps in understanding the intrinsic value of shares and to know whether the shares are undervalued or overvalued. The stock market indicators would help the investor to identify major market turning points. This is a significant technical analysis of selected companies which helps to understand the price behaviour of the shares, the signals given by them and the major turning points of the market price. Any investor or trader must certainly consider technical analysis as a tool whether to buy the stock at a particular point of time though it is fundamentally strong. The objective of the present project is to make a study on the technical analysis on selected stocks of energy sector and interpret on whether to buy or sell them by using techniques. This in turn would help investors to identify the current trend and risks involved with the scrip on par with market. The study is purely based on secondary sources which includes the historical data available from the website. For the purpose of analysis, techniques like Beta, Relative Strength Index and Simple Moving average is used for the analysis to know if the stock is technically strong. Keywords Stocks market, Technical analysis, Risk, Investment. I. Introduction Technical Analysis is a study of the stock market considering factors related to the supply and demand of stocks. Technical analysis is a method of evaluating securities by analyzing the statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a securities intrinsic value, but instead use charts and other tools to identify patterns that can suggest future
ISSN : 2330-9519 (Online) | ISSN : 2231-2463 (Print)
Technical Analysis on Selected Stocks of Energy Sector
GRG School of Management Studies, Peelamedu, Coimbatore, TN, India
Abstract Technical Analysis is a study of the stock market relating to factors affecting the supply and demand of stocks and also helps in understanding the intrinsic value of shares and to know whether the shares are undervalued or overvalued. The stock market indicators would help the investor to identify major market turning points. This is a significant technical analysis of selected companies which helps to understand the price behaviour of the shares, the signals given by them and the major turning points of the market price. Any investor or trader must certainly consider technical analysis as a tool whether to buy the stock at a particular point of time though it is fundamentally strong. The objective of the present project is to make a study on the technical analysis on selected stocks of energy sector and interpret on whether to buy or sell them by using techniques. This in turn would help investors to identify the current trend and risks involved with the scrip on par with market. The study is purely based on secondary sources which includes the historical data available from the website. For the purpose of analysis, techniques like Beta, Relative Strength Index and Simple Moving average is used for the analysis to know if the stock is technically strong. Keywords Stocks market, Technical analysis, Risk, Investment. I. Introduction Technical Analysis is a study of the stock market considering factors related to the supply and demand of stocks. Technical analysis is a method of evaluating securities by analyzing the statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a securities intrinsic value, but instead use charts and other tools to identify patterns that can suggest future