A STUDY ON TECHNICAL ANALYSIS WITH

RESPECT TO CHOSEN SECTORS INCLUDED

IN NSE NIFTY

Guide: By:
Dr.Shameem.A Mr.Mohamed Harish.M
Professor, Roll No : 1416MBA0350
AMET University Reg No : 68614200084
 INTRODUCTION
 There are two types of analysis in investment decisions
 Fundamental Analysis ( Analysis of characteristics of
particular company)
 Technical Analysis (Analysis of price movements in the
market using charts)
 Technical Analysis is a method of evaluating securities by
analyzing the statistics generalized by market activity, such
as past prices and volume
 Chart captures all relevant data and displays in logical form
 OBJECTIVES
Primary Objective :
 To identifying top performing scrips of selected sectors for
investment with the help of technical analysis.

Secondary Objective :
• To analyses the selected scrips price movements based on
Moving Averages (MA’s), Moving Averages Convergence
and Divergence (MACD), Rate of Change (ROC).
• To indicate buy signal and sell signals for the selected
scrips so as to help the Individual make a rationale
investment decision.
 METHODOLOGY
• Analytical Research - Using facts or information
already available, and analyse these to make a
critical evaluation of the material.
• Source of Data – Secondary Data(nse-india.com,
equitymaster.com, etc..)
• Tools Used
– Moving Averages (MA)
– Moving Average Convergence and Divergence (MACD)
– Rate of Change (ROC)
 SECTOR SELECTION

CHOSEN SECTORS : INFORMATION TECHNOLOGY, FINANCIAL SERVICES, ENERGY

 SCRIPS SELECTION
S.No. Sector Scrips of the Sector Symbols
HDFC Bank Ltd. HDFCBANK
Housing Development Finance Corporation Ltd. HDFC
ICICI Bank Ltd. ICICIBANK
1. FINANCE
Axis Bank Ltd. ind_Nifty_Financial_Services.pdf AXISBANK
Kotak Mahindra Bank Ltd. KOTAKBANK

RELIANCE
Reliance Industries Ltd.
Oil & Natural Gas Corporation Ltd. ONGC
2. ENERGY NTPC Ltd. NTPC
ind_nifty_energy.pdf
POWERGRID
Power Grid Corporation of India Ltd.
Bharat Petroleum Corporation Ltd. BPCL

Tata Consultancy Services Ltd. TCS

Infosys Ltd. INFY

3. IT HCL Technologies Ltd. HCLTECH

Wipro Ltd. ind_nifty_it.pdf WIPRO

Tech Mahindra Ltd. TECHM

 0
200
400
600
800
1000
1200
1400
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16

-4
-2
0
2
4
6
8
31/May/16

13DAY MA
29/Feb/16 07/Jun/16
08/Mar/16 14/Jun/16
15/Mar/16 21/Jun/16
22/Mar/16 28/Jun/16
31/Mar/16 05/Jul/16
07/Apr/16 21DAY MA
MOVING AVERAGE OF HDFCBANK

13/Jul/16
18/Apr/16 20/Jul/16
26/Apr/16 27/Jul/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16

12DAY ROC
14/Jun/16
-40
-30
-20
-10
0
10
20
30
40

21/Jun/16 29/Feb/16
12DAY ROC OF HDFCBANK

28/Jun/16 08/Mar/16
05/Jul/16 15/Mar/16
13/Jul/16 22/Mar/16
20/Jul/16 31/Mar/16
27/Jul/16 07/Apr/16
HDFC BANK LTD

18/Apr/16
MACD(8,13)

26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
MACD(8,21)
MACD OF HDFCBANK

07/Jun/16
14/Jun/16
21/Jun/16
HDFCBANK

28/Jun/16
05/Jul/16
13/Jul/16
MACD(13,21)

20/Jul/16
27/Jul/16
 0
200
400
600
800
1000
1200
1400
1600
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16

-10
10
15

0
5

-5
31/May/16

13DAY MA
29/Feb/16 07/Jun/16
08/Mar/16 14/Jun/16
15/Mar/16 21/Jun/16
22/Mar/16 28/Jun/16
MOVING AVERAGE OF HDFC

31/Mar/16 05/Jul/16

21DAY MA
07/Apr/16 13/Jul/16
18/Apr/16 20/Jul/16
26/Apr/16 27/Jul/16
03/May/16
10/May/16
17/May/16
24/May/16
-60
-40
-20
0
20
40
60
80

31/May/16
07/Jun/16 29/Feb/16

12DAY ROC
12DAY ROC OF HDFC

14/Jun/16 08/Mar/16
21/Jun/16 15/Mar/16
28/Jun/16 22/Mar/16
05/Jul/16 31/Mar/16
13/Jul/16 07/Apr/16
MACD(8,13)

20/Jul/16 18/Apr/16
CORPORATION LTD

27/Jul/16 26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
MACD OF HDFC

MACD(8,21)

31/May/16
07/Jun/16
14/Jun/16
HOUSING DEVELOPMENT FINANCE

21/Jun/16
HDFC

28/Jun/16
05/Jul/16
13/Jul/16
MACD(13,21)

20/Jul/16
27/Jul/16
 50
0
100
150
200
250
300
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16

-4
-3
-2
-1
0
1
2
3
4
29/Feb/16 24/May/16
08/Mar/16 31/May/16

13DAY MA
15/Mar/16 07/Jun/16
22/Mar/16 14/Jun/16
31/Mar/16 21/Jun/16
07/Apr/16 28/Jun/16
18/Apr/16 05/Jul/16
MOVING AVERAGE OF ICICIBANK

26/Apr/16 13/Jul/16
21DAY MA
03/May/16 20/Jul/16
10/May/16 27/Jul/16
17/May/16
24/May/16
31/May/16
07/Jun/16

12DAY ROC
-15
-10
0
5

-5
10
15
20

14/Jun/16
29/Feb/16
21/Jun/16
08/Mar/16
12DAY ROC OF ICICIBANK

28/Jun/16
15/Mar/16
05/Jul/16
22/Mar/16
13/Jul/16
ICICI BANK

31/Mar/16
20/Jul/16
07/Apr/16
27/Jul/16 18/Apr/16
MACD(8,13)

26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
MACD(8,21)

07/Jun/16
14/Jun/16
MACD OF ICICIBANK

21/Jun/16
28/Jun/16
ICICI BANK

05/Jul/16
13/Jul/16
20/Jul/16
MACD(13,21)

27/Jul/16
 0
100
200
300
400
500
600
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16

13DAY MA
07/Jun/16

-4
-2
0
2
4
6
29/Feb/16 14/Jun/16
08/Mar/16 21/Jun/16
28/Jun/16
15/Mar/16
05/Jul/16
22/Mar/16 13/Jul/16
31/Mar/16

21DAY MA
20/Jul/16
07/Apr/16 27/Jul/16
18/Apr/16
26/Apr/16
03/May/16
CHART 4.1.4.1 MOVING AVERAGE OF AXISBANK

10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16
-15
-10
-5
0
5
10
15
20
25

12DAY ROC
14/Jun/16 29/Feb/16
21/Jun/16 08/Mar/16
28/Jun/16 15/Mar/16
05/Jul/16 22/Mar/16
AXIS BANK

13/Jul/16 31/Mar/16
20/Jul/16 07/Apr/16
27/Jul/16 18/Apr/16
MACD(8,13)

CHART 4.1.4.3 12DAY ROC OF AXISBANK

26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
MACD(8,21)

07/Jun/16
14/Jun/16
21/Jun/16
28/Jun/16
AXIS BANK

05/Jul/16
13/Jul/16
MACD(13,21)

20/Jul/16
CHART 4.1.4.2 MACD OF AXISBANK

27/Jul/16
 100
200
300
400
500
600
700
800
900

0
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16

-4
-2
0
2
4
6
8
13DAY MA
07/Jun/16
29/Feb/16 14/Jun/16
08/Mar/16 21/Jun/16
15/Mar/16 28/Jun/16
22/Mar/16 05/Jul/16
MOVING AVERAGE OF KOTAKBANK

31/Mar/16 13/Jul/16
07/Apr/16 21DAY MA
20/Jul/16
18/Apr/16 27/Jul/16
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
10
20
30

-30
-20
-10
0

31/May/16

12DAY ROC
07/Jun/16 29/Feb/16
14/Jun/16 08/Mar/16
15/Mar/16
12DAY ROC OF KOTAKBANK

21/Jun/16
22/Mar/16
28/Jun/16
31/Mar/16
05/Jul/16
07/Apr/16
13/Jul/16
18/Apr/16
MACD(8,13)

20/Jul/16
26/Apr/16
27/Jul/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
MACD(8,21)

07/Jun/16
14/Jun/16
21/Jun/16
MACD OF KOTAKBANK

KOTAK
KOTAK MAHINDRA BANK LTD

28/Jun/16
05/Jul/16
13/Jul/16
20/Jul/16
MACD(13,21)

27/Jul/16
 1000
1050

850
900
950
1100
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16

8DAY MA
18/Apr/16
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16

-10
0
2
4
6
8

-8
-6
-4
-2
13DAY MA
31/May/16
29/Feb/16
07/Jun/16
08/Mar/16
14/Jun/16
15/Mar/16 21/Jun/16
22/Mar/16 28/Jun/16
31/Mar/16
MOVING AVERAGE OF RELIANCE

05/Jul/16
07/Apr/16
21DAY MA
13/Jul/16
18/Apr/16 20/Jul/16
26/Apr/16 27/Jul/16
03/May/16
10/May/16
17/May/16
24/May/16
-40
-20
0
20
40
60

31/May/16

12DAY ROC
29/Feb/16
07/Jun/16 08/Mar/16
14/Jun/16 15/Mar/16
21/Jun/16 22/Mar/16
12DAY ROC OF RELIANCE

28/Jun/16 31/Mar/16
05/Jul/16 07/Apr/16
13/Jul/16 18/Apr/16
MACD(8,13)

20/Jul/16 26/Apr/16
27/Jul/16 03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
MACD(8,21)

07/Jun/16
14/Jun/16
MACD OF RELIANCE
RELIANCE INDUSTRIES LTD

21/Jun/16
28/Jun/16
RELIANCE

05/Jul/16
13/Jul/16
MACD(13,21)

20/Jul/16
27/Jul/16
 180
190
200
210
220
230
240
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16
26/Apr/16

8DAY MA
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16

-2
-1
0
1
2
3
07/Jun/16

13DAY MA
29/Feb/16 14/Jun/16
08/Mar/16 21/Jun/16
15/Mar/16 28/Jun/16
22/Mar/16 05/Jul/16
MOVING AVERAGE OF ONGC

31/Mar/16 13/Jul/16
07/Apr/16 20/Jul/16
18/Apr/16 21DAY MA 27/Jul/16
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
-10
0
5
10

-5
LTD

31/May/16 29/Feb/16
07/Jun/16 08/Mar/16
15/Mar/16

12DAY ROC
14/Jun/16
12DAY ROC OF ONGC

21/Jun/16 22/Mar/16
28/Jun/16 31/Mar/16
05/Jul/16 07/Apr/16
13/Jul/16 18/Apr/16
MACD(8,13)

20/Jul/16 26/Apr/16
27/Jul/16 03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16
MACD OF ONGC

MACD(8,21)

14/Jun/16
21/Jun/16
28/Jun/16
ONGC

05/Jul/16
13/Jul/16
20/Jul/16
27/Jul/16
MACD(13,21)
OIL & NATURAL GAS CORPORATION
 20
40
60
80

0
100
120
140
160
180
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16

-0.5
0
1

0.5
1.5
31/May/16

13DAY MA
29/Feb/16 07/Jun/16
08/Mar/16 14/Jun/16
15/Mar/16 21/Jun/16
22/Mar/16 28/Jun/16
MOVING AVERAGE OF NTPC

31/Mar/16 05/Jul/16
07/Apr/16 13/Jul/16
21DAY MA
18/Apr/16 20/Jul/16
26/Apr/16 27/Jul/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
-4
-2
0
2
4
6
8

07/Jun/16 29/Feb/16

12DAY ROC
14/Jun/16 08/Mar/16
21/Jun/16
12DAY ROC OF NTPC

15/Mar/16
28/Jun/16
NTPC LTD

22/Mar/16
05/Jul/16 31/Mar/16
13/Jul/16 07/Apr/16
20/Jul/16 18/Apr/16
27/Jul/16 26/Apr/16
MACD(8,13)

03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16
MACD OF NTPC

MACD(8,21)

14/Jun/16
NTPC

21/Jun/16
28/Jun/16
05/Jul/16
13/Jul/16
20/Jul/16
MACD(13,21)

27/Jul/16
 20
40
60
80

0
100
120
140
160
180
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16

0.5
1.5

-1
0
1

-0.5
13DAY MA
29/Feb/16 07/Jun/16
08/Mar/16 14/Jun/16
15/Mar/16 21/Jun/16
22/Mar/16 28/Jun/16
31/Mar/16 05/Jul/16
MOVING AVERAGE OF POWERGRID

07/Apr/16 13/Jul/16
21DAY MA
18/Apr/16 20/Jul/16
26/Apr/16 27/Jul/16
03/May/16
10/May/16
17/May/16
24/May/16
-6
-4
-2
0
2
4
6
8

31/May/16
LTD

07/Jun/16 29/Feb/16

12DAY ROC
14/Jun/16 08/Mar/16
21/Jun/16 15/Mar/16
28/Jun/16 22/Mar/16
05/Jul/16 31/Mar/16
12DAY ROC OF POWERGRID

13/Jul/16 07/Apr/16
20/Jul/16 18/Apr/16
MACD(8,13)

27/Jul/16 26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
MACD(8,21)

07/Jun/16
14/Jun/16
MACD OF POWERGRID

21/Jun/16
28/Jun/16
POWERGRID

05/Jul/16
13/Jul/16
20/Jul/16
MACD(13,21)

27/Jul/16
POWER GRID CORPORATION OF INDIA
 0
200
400
600
800
1000
1200
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16

10
20

-50
-40
-30
-20
-10
24/May/16
29/Feb/16 31/May/16
08/Mar/16 07/Jun/16

13DAY MA
15/Mar/16 14/Jun/16
22/Mar/16 21/Jun/16
31/Mar/16 28/Jun/16
MOVING AVERAGE OF BPCL

07/Apr/16 05/Jul/16
18/Apr/16 13/Jul/16
26/Apr/16 20/Jul/16
21DAY MA
03/May/16 27/Jul/16
10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16

12DAY ROC
LTD
50

-50
0
100

-350
-300
-250
-200
-150
-100

14/Jun/16
12DAY ROC OF BPCL

21/Jun/16 29/Feb/16
28/Jun/16 08/Mar/16
05/Jul/16 15/Mar/16
13/Jul/16 22/Mar/16
20/Jul/16 31/Mar/16
27/Jul/16 07/Apr/16
18/Apr/16
MACD(8,13)

26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16
MACD(8,21)

BPCL
MACD OF BPCL

14/Jun/16
21/Jun/16
28/Jun/16
05/Jul/16
13/Jul/16
20/Jul/16
27/Jul/16
MACD(13,21)
BHARATH PETROLEUM CORPORATION
 2000
2100
2200
2300
2400
2500
2600
2700
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16

0
5

-25
-20
-15
-10
-5
10
15
20
07/Jun/16

13DAY MA
29/Feb/16 14/Jun/16
08/Mar/16 21/Jun/16
MOVING AVERAGE OF TCS

15/Mar/16 28/Jun/16
22/Mar/16 05/Jul/16
31/Mar/16 13/Jul/16
07/Apr/16 20/Jul/16
21DAY MA
27/Jul/16
18/Apr/16
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
-100
0
100

50

-50

07/Jun/16 29/Feb/16

12DAY ROC
14/Jun/16 08/Mar/16
12DAY ROC OF TCS

21/Jun/16 15/Mar/16
28/Jun/16 22/Mar/16
05/Jul/16 31/Mar/16
13/Jul/16 07/Apr/16
20/Jul/16 18/Apr/16
MACD(8,13)

27/Jul/16 26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16
MACD(8,21)
MACD OF TCS

14/Jun/16
TCS

21/Jun/16
28/Jun/16
05/Jul/16
13/Jul/16
TATA CONSULTANCY SERVICES LTD

20/Jul/16
MACD(13,21)

27/Jul/16
 950
1000
1050
1200
1250
1300

1100
1150
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16

10

0
5

-15
-10
-5
24/May/16
29/Feb/16 31/May/16
08/Mar/16

13DAY MA
07/Jun/16
15/Mar/16 14/Jun/16
22/Mar/16 21/Jun/16
MOVING AVERAGE OF INFY

31/Mar/16 28/Jun/16
07/Apr/16 05/Jul/16
18/Apr/16 13/Jul/16
26/Apr/16 20/Jul/16
21DAY MA

03/May/16 27/Jul/16
10/May/16
17/May/16
24/May/16
31/May/16

12DAY ROC
-80
-60
-40
-20
0
20
40

07/Jun/16
14/Jun/16 29/Feb/16
12DAY ROC OF INFY

21/Jun/16 08/Mar/16
28/Jun/16 15/Mar/16
05/Jul/16 22/Mar/16
13/Jul/16 31/Mar/16
20/Jul/16 07/Apr/16
INFOSYS LTD

27/Jul/16 18/Apr/16
MACD(8,13)

26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16
MACD(8,21)

INFY
MACD OF INFY

14/Jun/16
21/Jun/16
28/Jun/16
05/Jul/16
13/Jul/16
20/Jul/16
27/Jul/16
MACD(13,21)
 650
700
750
800
850
900
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16

-8
-6
-4
-2
0
2
4
6

-14
-12
-10
31/May/16

13DAY MA
29/Feb/16 07/Jun/16
08/Mar/16 14/Jun/16
15/Mar/16 21/Jun/16
22/Mar/16 28/Jun/16
31/Mar/16 05/Jul/16
MOVING AVERAGE OF HCLTECH

07/Apr/16 13/Jul/16
21DAY MA
18/Apr/16 20/Jul/16
26/Apr/16 27/Jul/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
-70
-60
-50
-40
-30
-20
-10
0
10
20

07/Jun/16 29/Feb/16

12DAY ROC
14/Jun/16 08/Mar/16
21/Jun/16 15/Mar/16
12DAY ROC OF HCLTECH

28/Jun/16 22/Mar/16
05/Jul/16 31/Mar/16
13/Jul/16 07/Apr/16
20/Jul/16 18/Apr/16
27/Jul/16
MACD(8,13)

26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
HCL TECHNOLOGIES LTD

07/Jun/16
MACD(8,21)

14/Jun/16
HCL
MACD OF HCLTECH

21/Jun/16
28/Jun/16
05/Jul/16
13/Jul/16
20/Jul/16
27/Jul/16
MACD(13,21)
 510
520
530
540
550
560
570
580
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16

0
1
2
3
4

-6
-5
-4
-3
-2
-1
24/May/16
29/Feb/16 31/May/16
08/Mar/16

13DAY MA
07/Jun/16
15/Mar/16 14/Jun/16
22/Mar/16 21/Jun/16
31/Mar/16 28/Jun/16
MOVING AVERAGE OF WIPRO

07/Apr/16 05/Jul/16
18/Apr/16 13/Jul/16
26/Apr/16 21DAY MA20/Jul/16
03/May/16 27/Jul/16
10/May/16
17/May/16
24/May/16
-20
-15
-10
0
5
10
15

-5

31/May/16
29/Feb/16

12DAY ROC
07/Jun/16
14/Jun/16 08/Mar/16
21/Jun/16 15/Mar/16
12DAY ROC OF WIPRO

28/Jun/16 22/Mar/16
05/Jul/16 31/Mar/16
WIPRO LTD

13/Jul/16 07/Apr/16
20/Jul/16 18/Apr/16
MACD(8,13)

27/Jul/16 26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
31/May/16
07/Jun/16
MACD(8,21)
MACD OF WIPRO

14/Jun/16
21/Jun/16
WIPRO

28/Jun/16
05/Jul/16
13/Jul/16
20/Jul/16
MACD(13,21)

27/Jul/16
 100
200
300
400
500
600

0
29/Feb/16
08/Mar/16
15/Mar/16
22/Mar/16
31/Mar/16
07/Apr/16
18/Apr/16

8DAY MA
26/Apr/16
03/May/16
10/May/16
17/May/16

-6
-4
-2
0
2
4
6
8
24/May/16
29/Feb/16 31/May/16

13DAY MA
08/Mar/16 07/Jun/16
15/Mar/16 14/Jun/16
22/Mar/16 21/Jun/16
31/Mar/16 28/Jun/16
MOVING AVERAGE OF TECHM

07/Apr/16 05/Jul/16
18/Apr/16 13/Jul/16
20/Jul/16
21DAY MA
26/Apr/16
03/May/16 27/Jul/16
10/May/16
17/May/16
24/May/16
31/May/16
-30
-20
-10
0
10
20
30
40
50

12DAY ROC
07/Jun/16
14/Jun/16 29/Feb/16
08/Mar/16
12DAY ROC OF TECHM

21/Jun/16
28/Jun/16 15/Mar/16
05/Jul/16 22/Mar/16
31/Mar/16
13/Jul/16
07/Apr/16
20/Jul/16
18/Apr/16
27/Jul/16
MACD(8,13)

26/Apr/16
03/May/16
10/May/16
17/May/16
24/May/16
TECH MAHINDRA LTD

31/May/16
07/Jun/16
MACD(8,21)
MACD OF TECHM

14/Jun/16
TECHM

21/Jun/16
28/Jun/16
05/Jul/16
13/Jul/16
20/Jul/16
27/Jul/16
MACD(13,21)
 SUGGESTION
• FINANCIAL SECTOR – KOTAK MAHINDRA BANK
LTD.
• ENERGY SECTOR – OIL & NATURAL GAS
CORPORATION LTD.
• IT SECTOR – TATA CONSULTANCY SERVICES
LTD.
 CONCLUTION
• Every trader loses initially – 1ST STAGE
• The trader begins to make no profit no loss –
2ND STAGE
• The trader starts to make profits – 3RD STAGE