technical analysis of individual company

8/9/2019 technical analysis of individual company

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Maharaja Ranjit

Singh College

of ProfessionalSciences-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


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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.

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CERTIFICATE OF THE COMPANY

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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

Stock Market Recommended or Not In Present Scenario.

9

4 Industrial view 12

5 Theoretical background 15

6 objective 24

7 Research Methodology- Population size, sample size, tools used, technique of data

collection, sampling method, analysis procedure

25

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

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EXECUTIVE SUMMARY

TITLE: -

Technical analysis of a company for investment

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

todays it is highly unpredictable.Negatives would be unpredictability of stockmarket, 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.

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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.

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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.

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http://en.wikipedia.org/wiki/File:Bombay-Stock-Exchange.jpg


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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 .

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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.

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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 WealthManagement 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

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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.

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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

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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

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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

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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 individuals 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

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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 100 102.3314-1-2006 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

3 166.14 170.75

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 thefollowing 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

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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 signalof 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 -

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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 days closing price and add 7th days 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

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(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 gainsmomentum, 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.

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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

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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

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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.

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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

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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

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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

Date Close Price5 DAYS M.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

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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 0.88723-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 0.97216-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 1.0663-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 1.03819-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 0.99510-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

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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 1.02612-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 0.91429-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 1.02613-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

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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 0.98310-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 0.97831-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 1.00714-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

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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 1.00322-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 0.9895-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

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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 0.97122-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 0.92720-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 1.0136-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

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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 1.10431-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

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Date Close PriceGAIN LOSS

6 DAYS

M.AVG.

GAIN

6 DAYS

M. AVG.

LOSS RS RSI

1-Jun-09 1176.70 -12.85

2-Jun-09 1163.854.4 0

3-Jun-09 1168.251.1 0

4-Jun-09 1169.3512.45 0

5-Jun-09 1181.8

0 -68.25

8-Jun-09 1113.5518.6 0 6.092 13.52 0.45 31.067

9-Jun-09 1132.1533.95 0 11.750 11.38 1.03 50.811

10-Jun-09 1166.1

0 -45.55 11.017 18.97 0.58 36.743

11-Jun-09 1120.55

6.5 0 11.917 18.97 0.63 38.586

12-Jun-09 1127.05

0 -1.6 9.842 19.23 0.51 33.849

15-Jun-09 1125.45

1.3 0 10.058 7.86 1.28 56.140

16-Jun-09 1126.75

0 -65.55 6.958 18.78 0.37 27.031

17-Jun-09 1061.2

0 -53.55 1.300 27.71 0.05 4.481

18-Jun-09 1007.65

1.7 0 1.583 20.12 0.08 7.296

19-Jun-09 1009.35

0 -15.5 0.500 22.70 0.02 2.155

22-Jun-09 993.85

32.85 0 5.975 22.43 0.27 21.033

23-Jun-09 1026.7

24.25 0 9.800 22.43 0.44 30.403

24-Jun-

09 1050.95

0 -17.95 9.800 14.50 0.68 40.329

25-Jun-09 1033

0 -13.3 9.800 7.79 1.26 55.708

25-Jun-09 1019.7

24.9 0 13.667 7.79 1.75 63.689

26-Jun-09 1044.6

21.35 0 17.225 5.21 3.31 76.783

29-Jun-09 1065.95

1.35 0 11.975 5.21 2.30 69.690

30-Jun-09 1067.3

0 -75 7.933 17.71 0.45 30.939

1-Jul-09 1051.675 0 20.433 14.72 1.39 58.132

2-Jul-09 1126.6 9.55 0 22.025 12.50 1.76 63.794

3-Jul-09 1136.150 -66.4 17.875 23.57 0.76 43.133

6-Jul-09 1069.750 -20.3 14.317 26.95 0.53 34.693

7-Jul-09 1049.450 -38.7 14.092 33.40 0.42 29.672

8-Jul-09 1010.750 -12.4 14.092 22.97 0.61 38.026

9-Jul-09 998.350 -11.75 1.592 24.93 0.06 6.003

10-Jul-09 986.64.7 0 0.783 24.93 0.03 3.047

13-Jul-09 991.3 8.4 0 2.183 13.86 0.16 13.610

39.7 0 8.800 10.48 0.84 45.655

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ANALYSIS AND INTERPRETATION

ONGC (OIL AND NATURAL GAS CORPORATION)

Analysis through MACD

-55

-55

-55

-55

-55

5

5 5

5 5

5 5

5 5

//

5555

55

//6 666666

//

555

555

5

//

555

555

5

//

555

555

5

//

555

555

5

//6 666666

//

5555

55

//

555

555

5

//66 66666/

/

55

5555

55

//

55

5555

5

//

55

5555

55

//

55

5555

55

//

66 666666

//

55

5555

55

//

555

555

5

//6 666666

//

5555

55

//

555

555

5

//

5555

55

//

555

555

5

//

5555

55

//

555

555

5

//

5555

55

//

555

555

5 MACD

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

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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 ,

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ANALYSIS THROUGH ROC

.6

.66

.6

.66

5

.5 5 5

.5 5

.5 5 5

/

/

6

1

2009

/

/

6

16

2009

/

/

7

1

2009

/

/

7

16

2009

/

/

7

31

2009

/

/

8

15

2009

/

/

8

30

2009

/

/

9

14

2009

/

/

9

29

2009

/

/

1014

2009

/

/

10

29

2009

/

/

1113

2009

/

/

11

28

2009

/

/

12

13

2009

/

/

1228

2009

/

/

1

12

2010

/

/

1

27

2010

/

/

2

11

2010

/

/

2

26

2010

/

/

3

13

2010

/

/

3

28

2010

/

/

4

12

2010

/

/

4

27

2010

/

/

5

12

2010

/

/

5

27

2010

ROC

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 .

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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

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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

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5

5 5

5 5

5 5

5 5

5 5 5

5 5 5

/

/

6

1

2009

/

/

6

15

2009

/

/

6

29

2009

/

/

7

13

2009

/

/

7

27

2009

/

/

8

10

2009

/

/

8

24

2009

/

/

9

7

2009

/

/

9

21

2009

/

/

105

2009

/

/

1019

2009

/

/

112

2009

/

/

1116

2009

/

/

1130

2009

/

/

1214

2009

/

/

1228

2009

/

/

1

11

2010

/

/

1

25

2010

/

/

2

8

2010

/

/

2

22

2010

/

/

3

8

2010

/

/

3

22

2010

/

/

4

5

2010

/

/

4

19

2010

/

/

5

3

2010

/

/

5

17

2010

/

/

5

31

2010

RSI

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 whenevermarket 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

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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

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5 5 5

5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

/

/

6

1

2009

/

/

6

15

2009

/

/

6

29

2009

/

/

7

13

2009

/

/

7

27

2009

/

/

8

10

2009

/

/

8

24

2009

/

/

9

7

2009

/

/

9

21

2009

/

/

105

2009

/

/

10

19

2009

/

/

112

2009

/

/

11

16

2009

/

/

11

30

2009

/

/

12

14

2009

/

/

12

28

2009

/

/

1

11

2010

/

/

1

25

2010

/

/

2

8

2010

/

/

2

22

2010

/

/

3

8

2010

/

/

3

22

2010

/

/

4

5

2010

/

/

4

19

2010

/

/

5

3

2010

/

/

5

17

2010

/

/

5

31

2010

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

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5 5 5

5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

/

/

6

1

2009

/

/

6

15

2009

/

/

6

29

2009

/

/

7

13

2009

/

/

7

27

2009

/

/

8

10

2009

/

/

8

24

2009

/

/

9

7

2009

/

/

9

21

2009

/

/

10

5

2009

/

/

1019

2009

/

/

11

2

2009

/

/

1116

2009

/

/

11

30

2009

/

/

12

14

2009

/

/

1228

2009

/

/

1

11

2010

/

/

1

25

2010

/

/

2

8

2010

/

/

2

22

2010

/

/

3

8

2010

/

/

3

22

2010

/

/

4

5

2010

/

/

4

19

2010

/

/

5

3

2010

/

/

5

17

2010

/

/

5

31

2010

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

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5 5 5

5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

5 5 5 5

/

/

6

1

2009

/

/

6

15

2009

/

/

6

29

2009

/

/

7

13

2009

/

/

7

27

2009

/

/

8

10

2009

/

/

8

24

2009

/

/

9

7

2009

/

/

9

21

2009

/

/

10

5

2009

/

/

10

19

2009

/

/

11

2

2009

/

/

1116

2009

/

/

11

30

2009

/

/

1214

2009

/

/

12

28

2009

/

/

1

11

2010

/

/

1

25

2010

/

/

2

8

2010

/

/

2

22

2010

/

/

3

8

2010

/

/

3

22

2010

/

/

4

5

2010

/

/

4

19

2010

/

/

5

3

2010

/

/

5

17

2010

/

/

5

31

2010

CONCLUSION

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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 KumarKhatri

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

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technical analysis of individual company

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