Use of Technical analysis in formulation of the portfolio of equity of companies listed on NSE
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Abstract
Technical analysis is a method of predicting price movements and future market trends by studying charts of past market action which take into account price of instruments, volume of trading and, where applicable, open interest in the instruments. The objective of this paper is to analyze BSE Sensex movements with technical analysis indicators. It deals with the Technical analysis of current markets based on primary data pertaining to Sensex. It tries to capture the effectiveness of Technical Analysis while formulating investment strategies by analyzing secondary as well as primary data available on Sensex. This study comprises of analytical work based on both primary real time data as well as historical secondary data using different graphs mainly Candlesticks. So it will be of great help in formulating various investment strategies for future keeping in perspective both short term and long term goals.
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