A Study on Analysis on Equity Stocks

Abstract

Technical analysis is a method of evaluating securities by analyzing the statistics generalized by market activity, such as past prices and volume. Technical analysis does not attempt to measure a securitys intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. Just as there are many investment styles on the fundamental side, there are also many different types of technical traders. Some rely on chart patterns; others use technical indicators and oscillators, and most use some combination of the two. In any case, technical analysts exclusive use of historical price and volume data is what separates them from their fundamental counterparts. In view of this, the present study helps to find out the future trends in the prices of SBI, ICICI, HDFC equity shares. Valuable hints can be identified by the investors for their future buying and selling. The present study reveals the process of expecting the returns which the investor can use investment process.