Literature review

Dr Anubhav srivastava 2015

She has done ,technical analysis on three banking stock listed in NSE. The major techniques she used ,in
her are Moving averages, Rate of change, Relative strength Index & exponential moving averages. the
author , while interpreting the SBI stock MA in mostly weeks is above closing price which indicates sell
signals. In year 2012 MA in mostly weeks is below closing prices which indicates buy signal. In year 2009
, RSI moves upward in the 30-70 zone and gave buy signals. In 2010, RSI is above 70 mark is indicates
overbought situation for the scrip. In year 2011, RSI in mostly weeks moves 70-30 zone and gave sell
signals and in few weeks its below 30 which indicates oversold situation for the scrip. In year 2012, RSI in
mostly weeks is below 30 mark which indicates oversold situation for the scrip. In 2013, RSI in few weeks
is below 30 mark which indicates oversold for the scrip and in rest of the weeks it moved downward in
70-30 zone, gave sell signals. In year 2009 & 2011, ROC is below historic value so script has reached
overbought situation. In year 2010, 2012 & 2013 , ROC is above historic value so script has reached
oversold situation.