technical analysis of securities
A report on
Technical analysis of selected equities
executive summary
Technical analysis is method of evaluating securities by analyzing the statistics generated by market activities, such as past prices and volume. Technical analyst do not attempts to measure a security’s intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activities. Just as there are many investment styles on the fundamental side, there are also many different types of technical traders.
The study period was from December 2005 to November 2007. The monthly closing prices of 6 companies (2 companies each from 3 sectors) of companies were taken for testing and moving average was taken to find the return to investor. Lastly Relative strength index analysis was drawn to find the moment of security with index.
For the study purpose monthly closing prices of respective security and monthly closing value of Bombay Stock Exchange index (BSE- Sensex) were taken to compare by using the tools like monthly moving average and Relative strength analysis. ACE Financials is one of the financial services providing company where the project has been undertaken. It offers its customers with a wide range of financial services and product from securities, derivative trading, mutual fund services, life insurance, non life insurance, loan product services etc.
Hence, this study helps to guide customers and brokers to select the best performing stocks according to technical analysis in comparison with market index.
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CHAPTER - 1
General INTRODUCTION
Part - A:
ACE Financials - COMPANY PROFILE
Ace Financials was set up on 25th June 2007 by three partners with a vision to be the most respected company in the financial services arena. Ace Financials is a business associate for SMC Global Securities in Mysore. We focus on customer-first-attitude, ethical and transparent business practices, respect for professionalism,
Technical analysis of selected equities
executive summary
Technical analysis is method of evaluating securities by analyzing the statistics generated by market activities, such as past prices and volume. Technical analyst do not attempts to measure a security’s intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activities. Just as there are many investment styles on the fundamental side, there are also many different types of technical traders.
The study period was from December 2005 to November 2007. The monthly closing prices of 6 companies (2 companies each from 3 sectors) of companies were taken for testing and moving average was taken to find the return to investor. Lastly Relative strength index analysis was drawn to find the moment of security with index.
For the study purpose monthly closing prices of respective security and monthly closing value of Bombay Stock Exchange index (BSE- Sensex) were taken to compare by using the tools like monthly moving average and Relative strength analysis. ACE Financials is one of the financial services providing company where the project has been undertaken. It offers its customers with a wide range of financial services and product from securities, derivative trading, mutual fund services, life insurance, non life insurance, loan product services etc.
Hence, this study helps to guide customers and brokers to select the best performing stocks according to technical analysis in comparison with market index.
* * * * * * * * *
CHAPTER - 1
General INTRODUCTION
Part - A:
ACE Financials - COMPANY PROFILE
Ace Financials was set up on 25th June 2007 by three partners with a vision to be the most respected company in the financial services arena. Ace Financials is a business associate for SMC Global Securities in Mysore. We focus on customer-first-attitude, ethical and transparent business practices, respect for professionalism,