Maharaja Ranjit

Singh College
of Professional
Sciences-Indore
(Approved by Govt. of M.p. &AICTE Delhi &
Affiliated to

DAVV & RGPV, Bhopal UGC recognised

in 2(f))

Hemkunt Campus, Khandwa Road, Indore-

452017(M.P.) India

Project report
On
Technical analysis of a company for
Investment
SUBMITTED TO - SUBMITTED BY -

PRO. VISHAL SOOD SIR DHEERAJ KACHER

MRSC INDORE DEEPAK SEN
NEHA RATHORE
(MBA FA 2 SEM)

ACKNOWLEDGEMENT

I want to express my sincere gratitude to all those who made this study
possible. First of all I am thankful to the helpful staff and the faculty of
MAHARAJA RANJIT SINGH COLLAGE OF PROFESSIONAL
SCIENCE. One of the most important tasks in every good study is its
critical evaluation and feedback which was provided to me by my guide
Mr.Vishal Sood sir. Or investing his precious time to discuss and
criticize this study in depth and explained the meaning of different
concepts and how to think when it comes to problem discussions and
theoretical discussions.

I am also thankful to Mr. Akhilesh Rathi owner of “SNR Securities &

Finance A Franchisee of Angel Broking Ltd.” for his support and
guidance for the project.

2
CERTIFICATE OF THE COMPANY

3
4
5
 TABLE OF CONTENT

CONTENT PAGE
NO.
1 Executive summary 4

2 Preface-Research overview 7

3 Introduction-Brief overview on perception of people regarding to ‘Is Investment In 9

Stock Market Recommended or Not In Present Scenario.

4 Industrial view 12

5 Theoretical background 15
6 objective 24
7 Research Methodology- Population size, sample size, tools used, technique of data 25
collection, sampling method, analysis procedure

8 Data analysis- Interpretation of data collected, its brief summary 26

9 CONCLUSION 53

10 Limitation-Difficulties in doing research 54

11 Recommendation 55

12 Bibliography 56

6
EXECUTIVE SUMMARY
TITLE: -

“Technical analysis of a company for investment”

OBJECTIVES: - TO know the present Scenario of different companies because

today’s it is highly unpredictable.Negatives would be unpredictability of stock
market, investing in stocks wihtout research, industry environment impacting
negatively the stock, financial market volatility, scams, price manuplation etc..

RATIONALE OF THE STUDY:- The purpose of this research project is to find

out the present condition and their future trend of different companies in stock
market. I am conducting a research only to know that what is the present condition
of a company in stock market whether it is good to invest in a company or not.

7
METHODOLOGY: For Study secondary data has been used as a source of data
collection. Some secondary data was designed to know the Current position of a
company.

SUGGESTIONS:- The findings of the study suggest that there is good market for
Investment in a company of stock Market. Because it is so much profitable duo to
increment of stock market . The need is just to increase awareness regarding
Market conditions.For this there is need of constant..

CONCLUSIONS:- Finally the research is concluded with applicability of the

study in different areas and some suggestions are given that would be helpful for
Investors because present scenario of a company in Stock market condition
prevailing is High volatility, sharp rallies, unexpected market direction, extremely
fickle sentiments and high influence of the international markets. So after doing
this research I recommended that market is highly volatile and unexpected, there is
need of constant analyzing the situation of stock market.investors should invest in
sound companies and keep update.

8
PREFACE-

The urge for the knowledge gives rise to quarries and the query is the mother of the
research. Thus for exploring a new insight into a matter we do research. In this
research project, various methods had been implemented to know about the present
scenario of a company in stock market so that by this research Investment in this
market recommended or not.

Data for the study was collected from different sources like print media and multi
media. The data was analyzed in tables and interpretation has declared the
authenticity of the topic of the research.

We hope this report will be helpful to the other student doing research on this
subject or topic.

9
10
11
INTRODUCTION

What is project

Project is about to understand the present condition of a company and their

future trend in stock market to invest fund by analyse the different data of

companies regarding to there performance

HYPOTHESIS:-

‘Is Investment In Stock Market in different companies Recommended or Not In

Present Scnario?’

Purpose of the project –

• To predict the future trend on the basic of identified market trend with

the help of historical data.

• To identify market trend shown by the selected companies, scrips on

the basis of oscillators .

12
Scope of the project

• This project is all about the performance of a company by which we

can understood the present condition and scenario and use this project in

all type of investment field also there players like NBFC , BROKER ,

FII, and mainly for GENRAL INVESTORE

• This project is also helpful to the student for the pupose of the study

about of stock market .

• The research is based upon the price of the two companies that is

TATA COFFEE, AND CIPLA.

• The research is based upon the oscillators, tools for technical analysis

and involves the calculation of three oscillators that are MACD,ROC,RSI

• The research data include the daily closing price quoted on the

‘national stock exchange’.

• MACD has been calculated by taking short term moving average for

five periods(item) and long term moving average for ten periods.(item)

• ROC has been calculated by taking seven period.

13
 • RSI has been calculated by taking six period.

INDUSTRIAL REVIEW

Introduction to the organization

Name of the organization:

SNR Securities

Brief Histiory:

SNR Securities & Finance was established & started excellence in

customer relations in year 2000. Today, SNR Securities & Finance has
emerged as one of the most respected Stock-Broking and Wealth
Management Companies in Central India. With its unique retail-focused
stock trading business model, SNR Securities & Finance is committed to
providing ‘Real Value for Money’ to all its clients.

The SNR Securities & Finance is a registered with the Bombay Stock
Exchange (BSE), National Stock Exchange (NSE) and the two leading
Commodity Exchanges in the country: NCDEX & MCX. SNR Securities
& Finance is also registered as a Depository Participant with CDSL.

Major Operations:

Equity Trading

Commodities

14
Mutual Funds

Life Insurance

IPO

Depository Services

Investment Advisory

Vision statement of company:

“To provide best value of money to its investors through its innovative
products, trading & investment strategies, state of the art technology &
personalized services.”

15
THEORATICAL BACKGROUND

TOOLS TO PREDICT FOR INDIVIDUAL SHARE TREND

With the help of the technical indicators, analysis of the individual share

is done to identify buying and selling signal. The signals are generated

with the help of such technique which are foolproof and much in

advance of the actual movement. Following tools are used for this-

A> Moving average analysis

B> Oscillators

• MACD

• ROC

• RSI

16
C> Chart patterns.

(A) MOVING AVERAGE ANALYSIS-

Moving average is simply the rolling average of past price . to

calculate the moving average daily or weekly prices are taken for a
period and every time an average is calculated by dropping the
oldest and a new value is added. This average is plotted on a graph
along with price of the share on the basis of which such average is
calculated. A study of the movement of these prices and average
helps in generating buying and selling signals. A short term moving
average is used to predict near future movement whereas a long term
moving average is used to take the decision about the longer time
period. With the help of moving average the following signals can
be generated.

• BUYING SIGNAL
• SELLING SIGNAL

BUYING FSIGNALS

• Whenever the price line is above the moving average

line , kit means towards the average line but false to
penetrate it , instead starts arising upward , supported by

17
 an upward movement of the average line it is a buying
signal
• When price line is below the moving average line , and it
penetrates towards the upside and continues to move
upward , supported by an upward movement of the
average line , it is a buying signals
• When price line is above the moving average line and is
moving upwards continually , supported by the similar of
average line , it is also a buy signal

SELLING SIGNALS

• When price line is below the moving average line , it move

towards the average line but falls to penetrates , instead starts
declining , supported by a downward movement of the
average line , it is a sale signal
• When price line is above the moving average line , and it
penetrate towards the down side and continues to move
downward , supported by a downward movement of the
average line it is a sale signal
• When price line is below the moving average line and
moving downward continually , supported by similar
movement of the average line , it is also a sale signal

(B) Oscillators
18
 By oscillation we mean a movement of certain item again
and again on the same park with the same frequency, like that
of a pendulum in the walk clock. On this basis certain
oscillators have been developed to predict the trends about
the individual’s shares. These oscillators are fine tools to
predict future movements much before such movement take
place and thus leave a sufficient time gape to take decision on
the basis of these. Prominent oscillators are as follows

 MACD (MOVING AVERAGE CONVERCENCE AND DIVERGENCE)

 ROC(RATE OF CHANGE)
 RSI(RELATIVE STAND INDEX)

MACD (MOVING AVEREGE CONVERGENCE AND DIVERGENCE)

MACD is one of the most widely used. Average oscillators. MACD as

the name itself suggest, is the difference two moving average of
different length and plotting that differences. The long term moving
average is deducted from the short term values to arrived at the MACD
for any particular day , though the most commonly used moving
average are

12 days and 14 days

MACD= short term moving average –long term moving average

TABLE 1.1 a complete example of calculating MACD

date Closing price 5 days moving 10 days MACD

19
 average moving
average
9-1-2006 102
10-1-2006 105
11-1-2006 108 105.00
12-1-2006 99 104.00
13-1-2006 100 102.33
14-1-2006 105 101.33
16-1-2006 109 104.67 104.00 -0.67
17-1-2006 112 108.67 105.43 +3.24
18-1-2006 115 112.00 106.86 +5.14
19-1-2006 117 114.67 108.14 +6.53
20-1-2006 118 116.67 110.86 +5.81
21-1-2006 120 118.33 113.71 +4.62

Along with the price data, MACD data are plotted on the above figure and the
following parameter are used to study j the trend

• Whenever the MACD line is above the zero mark line , it indicate the signal
of bullish market for the scrip
• Whenever the MACD line is above the zero mark line but declining it is
early warning signal of a bearish market
• Whenever the MACD line is below the zero mark line , it is signal of bearish
market
• Whenever MACD line is below the zero mark line but rising it gives signal
of a bullish market ahead
• Whenever MACD line is form a peak at the top it gives signal that a market
will soon turn bearish, i.e. it represent over bought situation
• Whenever MACD line reaches its bottom it signified over sold situation i.e.
that is the market will start becoming bullish

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ROC (RATE OF CHANGE)

ROC =CURRENT PRICE /PRICE n DAYS AGO

TABLE 1.2 shows the complete example of calculating ROC for 7 days

TABLE 1.2 example showing calculation of ROC

DAYS CLOSING PRICE

1 135.45
2 150.9
3 166.1
4 170.75
5 181.4
6 238.7
7 249.65
8 248.55

7 days ROC on 8th days = (248.55/135.45)=1.83

Along with price data, the ROC data are plotted on the above table and the
following parameters are used to identify the trend

• When ROC is at the peak , it signifies the overbought market

• When ROC is above ‘one’ mark line and increase with , it signifies the
bullish trend in the market for the script

21
 • When ROC is above ‘one’ mark line but declining it signifies the bears trend
in the market for the scrip
• When ROC has reached at it bottom , it signifies the oversold market
• When ROC is below ‘one ’ (after reaching the bottom), it signifies the
conversion of selling pressure into buying pressure and it is the early signal
of bullish market

RSI (RELATIVE STRENGHT INDEX)

RSI was developed by j. Welles wilder J. R. In 1978. RSI upper limits respectively
for its vertical scale.

RSI is calculated using the following formula

RS = AVERAGE OF n PERIODS PRICE GAIN / AVERAGE OF n PERIODS

PRICE LOSS

TABLE 1.3 shows a complete example of calculating RSI for 6 days

Table 1.3 RSI calculations for 6 days

Days Closing p1rice Gain Loss

1 135.4 - -
2 150.9 15.4 -
3 166.1 15.2 -
4 170.75 4.65 -
5 181.4 10.65 -
6 238.7 57.3 -
Total 103.25 -

22
RS = (103.25/6)/ (0/6) =0

RSI =100-[100/ (1+RS)]

RSI = 100-0[100/ (1+0)] = 0

The RSI value for 6 days is 0. For calculating the RSI value from 7th day we have
to exclude the first day’s closing price and add 7th day’s price and so one.

Along with the price data RSI data are plotted on the (figure 1.3) and the following
parameter are used to identify the trend

• When RSI process 50 mark lines, it signifies a bullish market ahead for the
scrip.
• As soon as RSI process 70 mark line it signifies the overbought market .now
it is expected that peak will we touched
• When RSI declines after touching the peak , it signifies the bearish market
ahead
• When RSI crosses 50 mark line from upward and continuously decline , but
has not 30 mark line it signifies the bearish market
• As soon as RSI farces 30 mark line from upward it signifies the oversold
market .now it is expected that the bottom will we touched soon. this is the
early signal of bullish market
• When are RSI is above 30 mark line and progressing toward 50 mark it
signifies a bullish market

23
 (C) CHART PATTERNS-
When prices of individual share are plotted on a line chart these indicate several
patterns, like head and soldier movement, inverse head and soldier, flag, and
triangle, etc. these pattern are used to generate signal about the expected movement
of the market. Under technical analysis it is believed that prices show a particular
pattern again and again and due to this tendency chart pattern get generated. These
chart pattern can be used to predict about the near future price volume, but these
are not as strong as oscillator and moving average.

This chart pattern can be generated for the index value as well for the price of the
individual share, these help in identifying the following

• Support level
• Resistance level

SUPPORT LEVEL—

It is the lower price level at which demand for the share gains
momentum, as the result of which declining price take an upward tern at this level.
it is expected that price will not fall below this level and hope of gaining something
from the rising prices creates a demand.

RESISTENCE LEVEL—

It is the upper price level at which supply for the share gains
momentum, as a result of which rising price take a downward turn at this level. It
is expected that price will not rise above this level and the fear of likely loss due to
decline in the share prices generates the supply.

24
 TYPE OF CHART PATTERNS -

• HEAD AND SOLDIER

• INVERSE HEAD AND SOLDIER
• TRIANGLE
• FLAG.

HEAD AND SOLDIER—

This reflect resistance and support level in an upward moving market, to identify
expected movement in the market .either indexes or prices of individual share can
be used for these .in this neck line is considered as the ultimate support level,
whereas soldier lines are the intervening resistance level and head line are the final
resistance level. With the help of such identification buy and sell signals can be
generated,

NECK HEAD

SOLDIER

INVERSE HEAD AND SOLDIER—

This reflects resistance and support level in a downward moving market, to

identify expected movement in the market. Either index or prices of individual
share can be used for these. In this neck line is consider as the ultimate resistance

25
level, whereas, soldier line are the intervening support level and head line is the
final; support level. With the help of such identification buy and sell signal can be
generated.

Soldier

Head Neck

TRIANGLE—

These are the price pattern which shows the movement of shifting resistance and

support level. Whenever in declining market resistance line tend to shift toward

support level at a faster rate, it will form a triangle indicating a future declining in

the near future. Similarly in an upward moving market support level tend to shift

toward the resistance line at a faster rate, it indicates an improvement in the market

in the near future and market is likely to advance in the future.

FLAG—

26
 A flag is identifies as a narrow movement of the market either after an uptrend or

adown trend. This means market has taken a pause after the previous trend and

after the short while market is likely to continue in the same direction as previously

OBJECTIVE

RESEARCH OBJECTIVES

The inside story

Business research can help managers to plan strategies by determining nature of

situation or by identifying the existence of opportunities present in the market.

Business research may uses as a scanning activity to provide information about

what is occurring within an organization or in its environment.

Primary Objective of the research:

To make people aware about the stock market either it is investable or not.

Secondary Objective of the Research:

• To collect the data related with Stock market and companies.

• To know the present situation of stock market.

• To know the awareness about Business Cycle.

27
• To provide the secondary data for other research.

REASERCH METHOLOGY

TYPE OF RESEARCH- Empirical

DATA TYPE-- Secondary Data

DATA COLLECTION TOOLS- Sampling Method are used for colleting the

Data.

TYPE OF SAMPLING- Judgement Sampling Plan.

SAMPLING FRAME- Data taken from companies listed on the

National Stock Exchange. The research has

been taken two selected companies.

DATA SIZE-- Data has taken from two selected companies as

per day closing price of one year

28
DATA ANALYSIS, RESULT AND

INTERPRITATION

DATA ANALYSIS-

CALCULATION OF VARIOUS OSCILLATORS OF ONGC

MACD = SHORT TERM MOVING AVERAGE – LONG TERM MOVING

AVERAGE

SHORT TERM MOVING AVERAGE = MOVING AVERAGE OF 5 DAYS CLOSING PRICE

LONG TERM MOVING AVERAGE = MOVING AVERAGE OF 10 DAYS CLOSING PRICE

ROC = CURRENT PRICE / PRICE n DAYS AGO

n = 7 DAYS

29
 RSI = 100 - [100/ (1+RS) ]

RS = AVERAGE OF n PERIODS OF PRICE GAIN / AVERAGE OF n PERIODS

PRICE LOSSES

RS calculated on 6 days

Here according to given data

AVERAGE OF n PERIODS OF PRICE GAIN = sum of 6 days gain/6

AVERAGE OF n PERIODS PRICE LOSSES = sum of 6 days loss/6

TABLE SHOWING MACD AND ROC

5 DAYS M.
Date Close Price AVG. 10 DAYS M. AVG MACD ROC
1-Jun-09 1176.7 . . .
2-Jun-09 1163.85 . . .
3-Jun-09 1168.25 1171.99 . .
4-Jun-09 1169.35 1159.36 . .
5-Jun-09 1181.8 1153.02 . .
8-Jun-09 1113.55 1152.59 . .
9-Jun-09 1132.15 1142.83 1151.935 -9.105
10-Jun-
09 1166.1 1131.88 1146.81 -14.93 0.991
11-Jun-
09 1120.55 1134.26 1143.1 -8.84 0.963
12-Jun-
09 1127.05 1133.18 1132.395 0.785 0.965
15-Jun-
09 1125.45 1112.2 1116.225 -4.025 0.962

30
 16-Jun-
09 1126.75 1089.62 1098.98 -9.36 0.953
17-Jun-
09 1061.2 1066.08 1087.01 -20.93 0.953
18-Jun-
09 1007.65 1039.76 1076.465 -36.705 0.890
19-Jun-
09 1009.35 1019.75 1064.95 -45.2 0.866
22-Jun-
09 993.85 1017.7 1056.195 -38.495 0.887
23-Jun-
09 1026.7 1022.77 1045.46 -22.69 0.911
24-Jun-
09 1050.95 1024.84 1037.375 -12.535 0.934
25-Jun-
09 1033 1034.99 1031.295 3.695 0.917
25-Jun-
09 1019.7 1042.84 1031.905 10.935 0.961
26-Jun-
09 1044.6 1046.11 1036.3 9.81 1.037
29-Jun-
09 1065.95 1049.83 1048.025 1.805 1.056
30-Jun-
09 1067.3 1071.21 1062.255 8.955 1.074
1-Jul-09 1051.6 1089.52 1066.56 22.96 1.024
2-Jul-09 1126.6 1090.28 1066.41 23.87 1.072
3-Jul-09 1136.15 1086.71 1064.185 22.525 1.100
6-Jul-09 1069.75 1078.54 1062.05 16.49 1.049
7-Jul-09 1049.45 1052.89 1056.25 -3.36 1.005
8-Jul-09 1010.75 1022.98 1048.785 -25.805 0.948
9-Jul-09 998.35 1007.29 1042.025 -34.735 0.935
10-Jul-09 986.6 997.34 1040.805 -43.465 0.938
13-Jul-09 991.3 1003.07 1030.445 -27.375 0.880
14-Jul-09 999.7 1008 1021.135 -13.135 0.880
15-Jul-09 1039.4 1019.29 1020.225 -0.935 0.972
16-Jul-09 1023 1033.16 1019.78 13.38 0.975
17-Jul-09 1043.05 1042.22 1027.95 14.27 1.032
20-Jul-09 1060.65 1052.83 1037.415 15.415 1.062
21-Jul-09 1045 1066.83 1051.24 15.59 1.059
22-Jul-09 1092.45 1083.19 1061.725 21.465 1.102
23-Jul-09 1093 1090.29 1071.95 18.34 1.093
24-Jul-09 1124.85 1101.68 1077.855 23.825 1.082
27-Jul-09 1096.15 1102.88 1085.66 17.22 1.072
28-Jul-09 1101.95 1104.49 1097.76 6.73 1.056
29-Jul-09 1098.45 1112.33 1109.625 2.705 1.036
30-Jul-09 1101.05 1128.96 1119.305 9.655 1.054
31-Jul-09 1164.05 1136.93 1129.49 7.44 1.066
3-Aug-09 1179.3 1156.1 1135.485 20.615 1.079
4-Aug-09 1141.8 1166.48 1136.91 29.57 1.015
5-Aug-09 1194.3 1161.49 1143.375 18.115 1.090
6-Aug-09 1152.95 1157.79 1148.435 9.355 1.046
7-Aug-09 1139.1 1159.94 1151.31 8.63 1.037
10-Aug-
09 1160.8 1146.52 1157.725 -11.205 1.054
11-Aug-
09 1152.55 1148.97 1163.37 -14.4 0.990

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 12-Aug-
09 1127.2 1165.25 1161.935 3.315 0.956
13-Aug-
09 1165.2 1166.08 1165.975 0.105 1.020
14-Aug-
09 1220.5 1172.01 1162.535 9.475 1.022
17-Aug-
09 1164.95 1178.55 1165.19 13.36 1.010
18-Aug-
09 1182.2 1181.41 1170.435 10.975 1.038
19-Aug-
09 1159.9 1175.62 1173.94 1.68 0.999
20-Aug-
09 1179.5 1181.8 1177.05 4.75 1.023
21-Aug-
09 1191.55 1182.09 1181.74 0.35 1.057
24-Aug-
09 1195.85 1184.93 1182.545 2.385 1.026
25-Aug-
09 1183.65 1183.68 1178.365 5.315 0.970
26-Aug-
09 1174.1 1181.11 1180.42 0.69 1.008
27-Aug-
09 1173.25 1179.04 1178.49 0.55 0.992
28-Aug-
09 1178.7 1174.89 1178.055 -3.165 1.016
31-Aug-
09 1185.5 1171.18 1174.13 -2.95 1.005
1-Sep-09 1162.9 1164.58 1172.795 -8.215 0.976
2-Sep-09 1155.55 1164.48 1172.055 -7.575 0.966
3-Sep-09 1140.25 1165.07 1172.27 -7.2 0.963
4-Sep-09 1178.2 1169.65 1172.87 -3.22 1.003
7-Sep-09 1188.45 1174.56 1173.615 0.945 1.013
8-Sep-09 1185.8 1182.65 1173.42 9.23 1.006
9-Sep-09 1180.1 1182.36 1171.01 11.35 0.995
10-Sep-
09 1180.7 1176.95 1169.265 7.685 1.015
11-Sep-
09 1176.75 1168.88 1168.615 0.265 1.018
14-Sep-
09 1161.4 1162.67 1170.5 -7.83 1.019
15-Sep-
09 1145.45 1158.35 1169.045 -10.695 0.972
16-Sep-
09 1149.05 1155.73 1165.715 -9.985 0.967
17-Sep-
09 1159.1 1154.48 1163.32 -8.84 0.977
18-Sep-
09 1163.65 1157.76 1160.31 -2.55 0.986
22-Sep-
09 1155.15 1157.95 1157.97 -0.02 0.978
23-Sep-
09 1161.85 1157.59 1159.26 -1.67 0.987
24-Sep-
09 1150 1162.79 1160.32 2.47 0.990
25-Sep-
09 1157.3 1166.16 1163.995 2.165 1.010
29-Sep- 1189.65 1170.23 1166.065 4.165 1.035

32
 09
30-Sep-
09 1172 1174.18 1168.635 5.545 1.011
1-Oct-09 1182.2 1179.68 1170.575 9.105 1.016
5-Oct-09 1169.75 1178.36 1175.285 3.075 1.013
6-Oct-09 1184.8 1184.41 1181.135 3.275 1.020
7-Oct-09 1183.05 1192.04 1190.785 1.255 1.029
8-Oct-09 1202.25 1207.39 1201.26 6.13 1.039
9-Oct-09 1220.35 1222.84 1208.06 14.78 1.026
12-Oct-09 1246.5 1237.76 1215.45 22.31 1.064
14-Oct-09 1262.05 1246.49 1221.305 25.185 1.068
15-Oct-09 1257.65 1250.57 1225.405 25.165 1.075
16-Oct-09 1245.9 1243.42 1224.805 18.615 1.052
17-Oct-09 1240.75 1226.77 1223.685 3.085 1.049
20-Oct-09 1210.75 1209.61 1221.045 -11.435 1.007
21-Oct-09 1178.8 1195.6 1215.68 -20.08 0.966
22-Oct-09 1171.85 1180.79 1207.485 -26.695 0.940
23-Oct-09 1175.85 1171.55 1194.665 -23.115 0.932
26-Oct-09 1166.7 1162.56 1185.25 -22.69 0.928
27-Oct-09 1164.55 1160.89 1173.84 -12.95 0.935
28-Oct-09 1133.85 1152.08 1161.625 -9.545 0.914
29-Oct-09 1163.5 1142.46 1153.89 -11.43 0.961
30-Oct-09 1131.8 1136.23 1151.295 -15.065 0.960
3-Nov-09 1118.6 1140.03 1149.945 -9.915 0.955
4-Nov-09 1133.4 1139 1149.04 -10.04 0.964
5-Nov-09 1152.85 1146 1145.74 0.26 0.988
6-Nov-09 1158.35 1149.02 1144.33 4.69 0.995
9-Nov-09 1166.8 1152.43 1145.745 6.685 1.029
10-Nov-
09 1133.7 1151.46 1147.805 3.655 0.974
11-Nov-
09 1150.45 1156.61 1154.585 2.025 1.016
12-Nov-
09 1148 1163.17 1160.035 3.135 1.026
13-Nov-
09 1184.1 1171.05 1164.68 6.37 1.045
16-Nov-
09 1199.6 1176.93 1165.76 11.17 1.041
17-Nov-
09 1173.1 1180.06 1166.8 13.26 1.013
18-Nov-
09 1179.85 1176.99 1168.765 8.225 1.011
19-Nov-
09 1163.65 1174.36 1172.725 1.635 1.026
20-Nov-
09 1168.75 1174.4 1175.68 -1.28 1.016
23-Nov-
09 1186.45 1174.43 1178.295 -3.865 1.033
24-Nov-
09 1173.3 1176.53 1176.4 0.13 0.991
25-Nov-
09 1180 1175.81 1176.415 -0.605 0.984
26-Nov-
09 1174.15 1178.47 1178.885 -0.415 1.001
27-Nov-
09 1165.15 1183.37 1179.395 3.975 0.988

33
 30-Nov-
09 1199.75 1184.36 1183.025 1.335 1.031
1-Dec-09 1197.8 1189.52 1184.06 5.46 1.025
2-Dec-09 1184.95 1192.31 1183.32 8.99 0.999
3-Dec-09 1199.95 1188.17 1183.965 4.205 1.023
4-Dec-09 1179.1 1184.56 1183.96 0.6 0.999
7-Dec-09 1179.05 1183.56 1186.09 -2.53 1.004
8-Dec-09 1179.75 1182.66 1188.535 -5.875 1.013
9-Dec-09 1179.95 1184.76 1188.87 -4.11 0.983
10-Dec-
09 1195.45 1189.57 1188.475 1.095 0.998
11-Dec-
09 1189.6 1192.39 1188.88 3.51 1.004
14-Dec-
09 1203.1 1194.2 1188.95 5.25 1.003
15-Dec-
09 1193.85 1195.24 1189.565 5.675 1.013
16-Dec-
09 1189 1194.37 1189.455 4.915 1.008
17-Dec-
09 1200.65 1189.34 1187.585 1.755 1.018
18-Dec-
09 1185.25 1182.78 1187.485 -4.705 1.004
21-Dec-
09 1177.95 1180.77 1187.685 -6.915 0.985
22-Dec-
09 1161.05 1180.13 1186.88 -6.75 0.976
23-Dec-
09 1178.95 1179.39 1184.01 -4.62 0.980
24-Dec-
09 1197.45 1178.68 1182.425 -3.745 1.003
29-Dec-
09 1181.55 1182.07 1182.27 -0.2 0.994
30-Dec-
09 1174.4 1183.77 1183.03 0.74 0.978
31-Dec-
09 1178 1185.93 1186.855 -0.925 0.994
4-Jan-10 1187.45 1194.32 1191.54 2.78 1.008
5-Jan-10 1208.25 1204.4 1197.005 7.395 1.041
6-Jan-10 1223.5 1211.94 1200.76 11.18 1.038
7-Jan-10 1224.8 1217.75 1200.11 17.64 1.023
8-Jan-10 1215.7 1214.29 1201.485 12.805 1.029
11-Jan-
10 1216.5 1208.65 1207.22 1.43 1.036
12-Jan-
10 1190.95 1210.04 1210.4 -0.36 1.011
13-Jan-
10 1195.3 1208.86 1212.91 -4.05 1.007
14-Jan-
10 1231.75 1208.07 1211.765 -3.695 1.019
15-Jan-
10 1209.8 1209.24 1205.53 3.71 0.989
18-Jan-
10 1212.55 1202.41 1197.045 5.365 0.990
19-Jan-
10 1196.8 1184.05 1186.925 -2.875 0.984
20-Jan- 1161.15 1164.99 1177.38 -12.39 0.955

34
 10
21-Jan-
10 1139.95 1146.69 1169.175 -22.485 0.957
22-Jan-
10 1114.5 1129.11 1159.88 -30.77 0.932
25-Jan-
10 1121.05 1117.35 1146.345 -28.995 0.910
27-Jan-
10 1108.9 1108.64 1135.52 -26.88 0.917
28-Jan-
10 1102.35 1106.05 1124.775 -18.725 0.909
29-Jan-
10 1096.4 1102.86 1118.475 -15.615 0.916
1-Feb-10 1101.55 1107.84 1116.32 -8.48 0.949
2-Feb-10 1105.1 1115.29 1111.09 4.2 0.969
3-Feb-10 1133.8 1113.54 1108.865 4.675 1.017
4-Feb-10 1139.6 1111.68 1108.575 3.105 1.017
5-Feb-10 1087.65 1114.29 1108.31 5.98 0.981
6-Feb-10 1092.25 1108.78 1106.775 2.005 0.991
8-Feb-10 1118.15 1098.26 1107.16 -8.9 1.020
9-Feb-10 1106.25 1100.78 1105.835 -5.055 1.004
10-Feb-
10 1087 1099.99 1105.625 -5.635 0.984
11-Feb-
10 1100.25 1096.96 1102.215 -5.255 0.970
15-Feb-
10 1088.3 1095.65 1098.605 -2.955 0.955
16-Feb-
10 1103 1098.95 1100.82 -1.87 1.014
17-Feb-
10 1099.7 1100.86 1102.345 -1.485 1.007
18-Feb-
10 1103.5 1104.7 1100.68 4.02 0.987
19-Feb-
10 1109.8 1104.4 1100.18 4.22 1.003
22-Feb-
10 1107.5 1104.71 1102.465 2.245 1.019
23-Feb-
10 1101.5 1105.98 1104.2 1.78 1.001
24-Feb-
10 1101.25 1107.54 1106.275 1.265 1.012
25-Feb-
10 1109.85 1107.85 1106.06 1.79 1.006
26-Feb-
10 1117.6 1107.72 1105.595 2.125 1.016
2-Mar-10 1109.05 1106.48 1104.695 1.785 1.005
3-Mar-10 1100.85 1103.41 1103.765 -0.355 0.992
4-Mar-10 1095.05 1099.99 1102.635 -2.645 0.989
5-Mar-10 1094.5 1097.42 1101.34 -3.92 0.994
8-Mar-10 1100.5 1094.96 1099.59 -4.63 0.999
9-Mar-10 1096.2 1092.7 1097.075 -4.375 0.988
10-Mar-
10 1088.55 1090.74 1092.295 -1.555 0.974
11-Mar-
10 1083.75 1084.6 1088.5 -3.9 0.977
12-Mar-
10 1084.7 1079.58 1085.765 -6.185 0.985

35
 15-Mar-
10 1069.8 1076.57 1081.68 -5.11 0.977
16-Mar-
10 1071.1 1070.66 1077.915 -7.255 0.979
17-Mar-
10 1073.5 1065.09 1073.78 -8.69 0.975
18-Mar-
10 1054.2 1062.96 1071.085 -8.125 0.962
19-Mar-
10 1056.85 1062.59 1067.895 -5.305 0.971
22-Mar-
10 1059.15 1059.22 1067.51 -8.29 0.977
23-Mar-
10 1069.25 1064.36 1068.345 -3.985 0.986
25-Mar-
10 1056.65 1071.6 1071.095 0.505 0.988
26-Mar-
10 1079.9 1079.23 1073.855 5.375 1.008
29-Mar-
10 1093.05 1085.12 1074.95 10.17 1.018
30-Mar-
10 1097.3 1090.68 1079.225 11.455 1.041
31-Mar-
10 1098.7 1094.09 1082.025 12.065 1.040
1-Apr-10 1084.45 1092.45 1084.4 8.05 1.024
5-Apr-10 1096.95 1089.57 1083.635 5.935 1.026
6-Apr-10 1084.85 1082.15 1084.35 -2.2 1.027
7-Apr-10 1082.9 1078.02 1081.65 -3.63 1.003
8-Apr-10 1061.6 1069.21 1076.38 -7.17 0.971
9-Apr-10 1063.8 1060.31 1070.615 -10.305 0.969
12-Apr-10 1052.9 1051.66 1063.885 -12.225 0.958
13-Apr-10 1040.35 1045.62 1055.82 -10.2 0.959
15-Apr-10 1039.65 1033.62 1046.375 -12.755 0.948
16-Apr-10 1031.4 1023.54 1038.86 -15.32 0.951
19-Apr-10 1003.8 1017.41 1032.08 -14.67 0.927
20-Apr-10 1002.5 1012.5 1027.71 -15.21 0.944
21-Apr-10 1009.7 1009.8 1023.105 -13.305 0.949
22-Apr-10 1015.1 1012.59 1022.305 -9.715 0.964
23-Apr-10 1017.9 1021.07 1022.28 -1.21 0.978
26-Apr-10 1017.75 1027.15 1023 4.15 0.979
27-Apr-10 1044.9 1033.5 1025.34 8.16 1.013
28-Apr-10 1040.1 1040.88 1029.72 11.16 1.036
29-Apr-10 1046.85 1046.85 1033.85 13 1.044
30-Apr-10 1054.8 1046.63 1035.985 10.645 1.045
3-May-10 1047.6 1044.82 1038.76 6.06 1.032
4-May-10 1043.8 1044.02 1041.44 2.58 1.025
5-May-10 1031.05 1042 1044.755 -2.755 1.013
6-May-10 1042.85 1042.66 1043.26 -0.6 0.998
7-May-10 1044.7 1039.89 1042.045 -2.155 1.004
10-May-
10 1050.9 1039.27 1041.95 -2.68 1.004
11-May-
10 1029.95 1039.88 1040.925 -1.045 0.976
12-May-
10 1027.95 1039.85 1038.865 0.985 0.981
13-May- 1045.9 1035.07 1039.62 -4.55 1.002

36
 10
14-May-
10 1044.55 1039.35 1039.025 0.325 1.013
17-May-
10 1027 1038.78 1046.605 -7.825 0.985
18-May-
10 1051.35 1053.33 1051.61 1.72 1.006
19-May-
10 1025.1 1063.37 1054.72 8.65 0.975
20-May-
10 1118.65 1074.37 1059.755 14.615 1.086
21-May-
10 1094.75 1080.16 1063.96 16.2 1.065
24-May-
10 1082 1089.14 1071.69 17.45 1.035
25-May-
10 1080.3 1090.05 1080.44 9.61 1.034
26-May-
10 1070 1097.51 1094.51 3 1.042
27-May-
10 1123.2 1114.65 1103.94 10.71 1.068
28-May-
10 1132.05 1127.72 1001.43 126.29 1.104
31-May-
10 1167.7 913.72 889.565 24.155 1.044
1-Jun-10 1145.65 689.08 780.09 -91.01 1.046

TABLE SHOWIRNG RSI

37
 6 DAYS 6 DAYS
M.AVG. M. AVG.
GAIN LOSS GAIN LOSS RS RSI
Date Close Price
0 -12.85
1-Jun-09 1176.7
4.4 0
2-Jun-09 1163.85
1.1 0
3-Jun-09 1168.25
12.45 0
4-Jun-09 1169.35
0 -68.25
5-Jun-09 1181.8
18.6 0 6.092 13.52 0.45 31.067
8-Jun-09 1113.55
33.95 0 11.750 11.38 1.03 50.811
9-Jun-09 1132.15
10-Jun- 0 -45.55 11.017 18.97 0.58 36.743
09 1166.1
11-Jun- 6.5 0 11.917 18.97 0.63 38.586
09 1120.55
12-Jun- 0 -1.6 9.842 19.23 0.51 33.849
09 1127.05
15-Jun- 1.3 0 10.058 7.86 1.28 56.140
09 1125.45
16-Jun- 0 -65.55 6.958 18.78 0.37 27.031
09 1126.75
17-Jun- 0 -53.55 1.300 27.71 0.05 4.481
09 1061.2
18-Jun- 1.7 0 1.583 20.12 0.08 7.296
09 1007.65
19-Jun- 0 -15.5 0.500 22.70 0.02 2.155
09 1009.35
22-Jun- 32.85 0 5.975 22.43 0.27 21.033
09 993.85
23-Jun- 24.25 0 9.800 22.43 0.44 30.403
09 1026.7
24-Jun- 0 -17.95 9.800 14.50 0.68 40.329
09 1050.95
25-Jun- 0 -13.3 9.800 7.79 1.26 55.708
09 1033
25-Jun- 24.9 0 13.667 7.79 1.75 63.689
09 1019.7
26-Jun- 21.35 0 17.225 5.21 3.31 76.783
09 1044.6
29-Jun- 1.35 0 11.975 5.21 2.30 69.690
09 1065.95
30-Jun- 0 -75 7.933 17.71 0.45 30.939
09 1067.3
75 0 20.433 14.72 1.39 58.132
1-Jul-09 1051.6
9.55 0 22.025 12.50 1.76 63.794
2-Jul-09 1126.6
0 -66.4 17.875 23.57 0.76 43.133
3-Jul-09 1136.15
0 -20.3 14.317 26.95 0.53 34.693
6-Jul-09 1069.75
0 -38.7 14.092 33.40 0.42 29.672
7-Jul-09 1049.45
0 -12.4 14.092 22.97 0.61 38.026
8-Jul-09 1010.75
0 -11.75 1.592 24.93 0.06 6.003
9-Jul-09 998.35
4.7 0 0.783 24.93 0.03 3.047
10-Jul-09 986.6
8.4 0 382.183 13.86 0.16 13.610
13-Jul-09 991.3
39.7 0 8.800 10.48 0.84 45.655
 ANALYSIS AND INTERPRETATION

ONGC (OIL AND NATURAL GAS CORPORATION)

Analysis through MACD

55

55

55

55

MACD
55 6

5 / 66 6

5/ 6

5 / 66 6
55 5

55 5

55 5

66 5

/6 5

55

66 5

5/ 55

5 / 55 5

5/ 55

5
66 5

55 5

55 5

55 5

55 5

55 5
/ 5 66
5 5 5 55

/ 5 55

/ 6 55

55 5
5 / 66

6
6/ 5 5 5

5 / 55 5

5 / 55 5

5 / 55 5

5 / 55 5

5/ 55
5 / 5 55

5 / 55

5 / 55

6/ 5 5 5

66 5 5

6/ 5 5

55
5 / 55 5
5 5 / 66

5 5 /5 5

5
5 5 / 66
5 5 /55

66 / 5 5
/6

/6

/6

5
-55
/5

/5

/5

/5

/5

/5

/5

/5
5

5/
5/

5/

5/

5/

5/
/
/

5/
/5

6
5

5
5/

/5

/5

-55

-55

-55

-55

Figure 2.1 ONGC MACD

The figure 2.1 show the following analysis and trend

• During the following period the MACD line from a of peak point giving a signal

of trend reversal , i.e. is conversion of a bullish market into a bearish market

39
 25 June 2009, 3 July 2009, 24 July 2009, 4 Aug. 2009, 17 Aug. 2009

9 Sep. 2009, 14 Oct 2009, 11 Nov 2009, 7 Jan 2010, 31 March 2010, 24 May 2010

• During the following period the MACD line form a trough , i.e. trend reversal

takes place and a bearish market starts converting into a bullish market

13 July 2009, 10 Aug 2009, 21 Aug 2009, 22 Oct. 2009,

22 Jan 2010, 8 March 2010, 20 Apr. 2010

• During the following periods MACD line moves above zero but is falling

giving signal of bearish market

24 Aug. 2009 to 28 Aug 2009, 9 sep. 2009 to 14 sep. 2009

27 Nov. 2009 to 4 Dec.2009, 2 Feb. 2010 to 8 Feb. 2010

• During the following periods MACD line moves below zero but is rising giving

signal of bullish market ahead

18 June 2009 to 25 June 2009, 10 July 2009 to 24 July 2009

20 Apr. 20010 to 28 Apr. 2010 ,

40
 ANALYSIS THROUGH ROC

5 .5 5

5 .5

5 .5 5

ROC

6 .66

6 .6

6 .66

6 .6
2 01 0

2 01 0
0 09

0 09

2 01 0

2 01 0

2 01 0

2 01 0

2 01 0

2 01 0

2 01 0

2 01 0
2 009

2 009

2 009
2 009

2 009

2 009

2 009

/ 2009
/ 2009

/ 2009
/ 2009

/ 2009

/ 2009
6/ 1/ 2

7/ 1/ 2
6/ 16/

9 / 14/

9 / 29 /

3/ 13/
7/ 16/

7/ 31 /

8/ 15/

8/ 30/

1 /12 /

1 / 27/

2 /11 /

2 / 26/

3/ 28/

4/ 12 /

4/ 27/

5/ 12 /

5/ 27/
1 0/ 1 4

1 1/1 3

1 2/ 1 3
1 1/ 2 8

1 2/ 2 8
1 0/ 2 9

The figure 2.2 shows the following analysis and trend

it is shown the figure thet the roc line moves between 1.15 to .85
market ,which is the indication of some upward and downward
fluctuation in the price of the scrip over a period of 1 june 2009
to 31 may 2010 .

41
 • On the following instences ROC line touched its extreme(peak
formulation ) whole of the year , it signifies the overbought market(bearish
market trend )

3 jule 2009 , 22 july 2009 , 21 aug 2009

15 oct 2009 , 14 may 2010 , 26 may 2010

• on the following instant ROC line touched its bottom during of the year , so
these were the point of oversold market for the scrip ;

19 jun 2009 , 13 and 14 july 2009 , 28 oct. 2009 ,

28 jan. 2010 , 11 may 2010 , 19 may. 2010

• during the following intervals ROC line declined from its extreme toward
one mark line , which significance the bearish trend in the market for the
scrip ;

3 june 2009 to 7 june 2009

22 june 2009 to 12 aug 2009

21 aug 2009 to 3 sep. 2009

15 oct. 2009 to 28 oct. 2009

• during the following intervals ROC line decline from the one mark toward
its bottom , which significance the selling pressure in the market for the
scrip (sell signal);

1 july 2009 to 16 july 2009

20 oct 2009 to 6 nov. 2009

42
14 jan. 2010 to 2 feb. 2010

2 march.2010 to 25 feb. 2010

8 apr. 2010 to 26 apr.2010

• during the following intervals ROC line rise toward on mark line after
reaching its bottom ,which signifies the conversion of selling pressure into
buying pressure (buy signal )

19 jun 2009 to 26 jun 2009

13 july 2009 to 16 july 2009

28 oct. 2009 to 09 nov. 2009

28 jan 2010 to 3 feb. 2010

11 may 2010 to 13 may 2010

ANALYSIS THROUGH RSI

43
 555

555

55

55
RSI
55

55

20 1 0

20 1 0

0
20 1 0

0
2 01 0

0
20 09

20 09

0
0

0
9

9
9

9
9

9
09

09

09
09

09
/ 2 00

/ 2 00

/ 2 00
/ 2 00

/ 2 00
/ 2 00

/ 2 00
/ 2 00

/2 00

/ 2 01

/2 01

/2 01

/2 01

/2 01
/2 01

/ 2 01
9 /20

0/ 20

8 /20
6/20

4/20
6/ 1/

9 / 7/

2 /8/

3/8/

4/5/

5/3/
6/ 15

7/27

8/ 24

5/ 17
7/13

1 0/5

1 /25
8 /10

4/ 19
6/29

3/ 22
1 1 /2

2 / 22

5/ 31
9 /21

1 / 11
1 1/ 3

1 2/ 2
1 0/ 1

1 1 /1

1 2/1

The figure 2.2 shows the following analysis and trend

• Over bought market for the script as soon as RSI crosses 70 mark line it
signifies the overbought market and sooner peak point touched and market
will be bearish

On 26 jan.2009 Point cross 70 mark line and touched peak point 84 and
soon it sign to go for bearish market in 30 point

Also 17 july cross 70 and ptouched peak point 84

On 7 oct. 2009 it cross 70 mark line and touched peak point 98 and trend to
bearish on 17 july in 15 point

• over sold market for the scrip during the following period whenever
market touched the 30 mark line it indicate to go bottom and sooner trefnd
to bullish market

16 jan 2009 , 31 aug 2009 , 11 sep. 2009 , 17 oct. 2009 20 jan 2010 ,

5 march 2010

44
 • during the following periods rsi line moved dowenward in the 70 -30 and
gave clear sell signal

26 june 2009 to 10 july 2010

13 aug 2009 to 2 sep. 2009

16 oct 2009 to 27 oct. 2009

13 jan 2010 to 28 jan 2010

3 feb. 2010 to 21 feb. 2010

TECHNICAL ANALYSIS THROUGH CHART PATTERN

Different chart pattern help to predict the trend

• header and shoulder

• inverse head and shoulder

• tringle

• flag

head and shoulder

45
 5555

5555

5555

5555

5555

5555

5555

555

555

10
0 10

10

10
09

01 0

01 0

01 0
0 09

2 01 0

2 01 0

2 01 0

01 0
009

2 009

2 009

2 009

2 009

2 009
009

009

009

/ 2009

/ 2009

/ 2009

/ 2009

/ 2009
0

0
0
6/ 1/ 2

5/3/ 2
9 /7/ 2

2 / 8/ 2

3/8/ 2

4/5/ 2
2

2
9 / 21 /

1 0/ 5/

4/ 19 /

5/ 17/
6/15/

6/29 /

7/13/

7/27/

8 / 1 0/

8/ 24/

1 1/ 2 /

1 / 11 /

1 /25/

2 / 22 /

3/22 /

5/ 31 /
1 1/1 6

1 2/ 1 4

1 2/ 2 8
1 1/ 30
1 0/ 1 9

the above circle in the following figure shows the head and shoulder shape which
indiacate a bullish market to shoulder and then go downward then again go upward then
shoulder to hed and again down ard to shoulder

INVERSE HEAD AND SHOULDER

Bleak circle shows the inverse head and soulder which indicate the revrse trend of head
and shoulder

FLAG

46
 5555

5555

5555

5555

5555

5555

5555

555

555

10

10
010

10
09

0 09

2 01 0

2 01 0

01 0

01 0
2 01 0

01 0

01 0
009

009

009

009

2 009

2 009

2 009
2 009

2 009

/ 2009

/ 2009

/2009

/2009

/2009
0

0
0
6/ 1/ 2

9 / 7/ 2

4/ 5/ 2

5/ 3/ 2
2 /8/ 2

3/8/ 2
2

2
6/ 15/

6/ 29 /

7/ 13/

1 1/ 2 /

1 / 11 /

5/ 17/

5/ 31 /
7/27/

8 / 1 0/

8/24/

9 / 21 /

1 0/ 5/

1 / 25/

2 / 22 /

3/22 /

4/19 /
1 1/1 6

1 2/1 4

1 2/ 2 8
1 1/ 30
1 0/1 9

A flag movement shown in the figure identify as a narrow movement of the market
either after an upward or a douwnward . and the position of market chang vise werse in
a flag movement

All the chart pattern shown the trend under the SUPPORT LEVEL and
RESSISTENCE LEVEL

Bottom line in the figure shows the support line and upper line shows the ressistence
lavel

And they keep the movement of price lable under the suppert line and ressistence line
wich shown in the below figure b red line

47
 555
555
5555
5555
5555
5555
5555
5555
6/ 1/ 2 5555
0 09
6/ 15/
2 009
6/ 29 /
2 009
7/ 13/
2 009
7/ 27/
2 009
8 / 1 0/
2 009
8/ 24/
2 009
9 / 7/ 2
0 09
9 / 21 /
2 009
1 0/ 5/
2 009
1 0/ 1 9
/ 2009
1 1/ 2 /
2 009

CONCLUSION
1 1/1 6
/ 2009
1 1/ 30
/ 2009
1 2/ 1 4
/ 2009
1 2/ 2 8
/ 2009
1 / 11 /
2 01 0
1 / 25/
2 01 0

48
2 / 8/ 2
0 10
2 / 22 /
2 01 0
3/ 8/ 2
0 10
3/ 22 /
2 01 0
4/ 5/ 2
0 10
4/ 19 /
2 01 0
5/ 3/ 2
0 10
5/ 17/
2 01 0
5/ 31 /
2 01 0
Thus from the analysis of the calculation and interpretation made one can conclude the

most of the time the technical analysis gives true result however RSI and ROC gives more

accurate result, but MACD also able to interpret the market trend most of the time. there are

however technical correction in the market from time to time, which has been mention

earlier. In the whole of the year it presents a flag condition according to chart pattern. And

level of closing price of stock increasing in middle year.

Although technical analysis is 90 percent psychological and 10 percent

logical it does give signals of market trend in future accept in some cases whenever the

MACD line is rising prices so a bullish market and after the peak is formed the marked

moves an opposite direction and prices starts declining similarly whenever ROC is at the

bottom trend reversal take place an market starts becoming bullish again similarly if it is a

1- mark line but declining it signifies the bearish trend in the market for the scrip

and vies- verse whenever RSI crosses the 50 mark line it signified a bullish market

ahead for the scrip as soon as RSI crosses 70 mark line it signifies the overbought

market now it is expected that the peak will be touched . thus be can conclude that the

three oscillators RSI , ROC and MACD are very helpful tools of technical analysis

which help in depicting the future market .

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LIMITATION OF THE RESEARCH-

• Technical analysis is usually undertaken after taking historical data of share

price of company of longer period, only one year data has been taken by the

researchers.

• The market of share also get effected by happening of the political and

economic factors or fundamental of the company, i.e. changes in the intrinsic value of

the share, hence all the deviation cannot be contributed to the market sentiments.

• Oscillators are only a tool for technical analysis and cannot be used without

considering other tools. There are several oscillators but only the measure one were

selected to interpret the market trend.

• The trend may not hold true in circumstances’ involving profit taking, short

selling or any other scams.

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 RECOMMENDATIONS

1] Through this research we recommend that people should aware of present

situation of stock market.

2] Financial Advisors should help investors to hedge and protect their portfolio
from market uncertainties by building and exiting from positions in time to clock
profits.

3].Enables investors to profit from research findings and analysis that are
inaccessible to the lay investor.

4]. Steps should be taken to Manage portfolio in accordance with present

situations.

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 Bibliography:
Books-

 Business Research Methodology: William G. Zikmund

 Investment management and security analysis Dhanesh Kumar Khatri

Newspaper-

 The Economics Times

 The Hindustan Times

 Business Standered

Software-

 Microsoft Excel

 Microsoft Word

 Ms-paint

Websites-

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  Search Engine for Key words: www.google.com,

 www.nseindia.com

 www.bseindia.com

 www.ezinerticles.com

 www.moneycotrol.com

 www.money.reddif.com

 www.valuenotes.com

 www.myiris.com

 www.optiontradingpedia.com

Submitted By-

Deepak Sen Dheeraj Kacher

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