Professional Documents
Culture Documents
TERM PAPER
ON
Ajay kumar
RS1902 B50
Reg.no.-10906664
COMPANY PROFILE
INTRODUCTION
GSK is one of the few pharmaceutical companies researching both medicines and vaccines for the World Health Organization’s three priority
diseases – HIV/AIDS, tuberculosis and malaria, and are very proud to have developed some of the leading global medicines in these fields.
Headquartered in the UK and with operations based in the US, GSK is one of the industry leaders, with an estimated seven per cent of the world's
pharmaceutical market.
But being a leader brings responsibility. This means that GSK care about the impact that it’s have on the people and places touched by our mission
to improve health around the world.
It also means that GSK must help developing countries where debilitating disease affects millions of people and access to life-changing medicines
and vaccines is a problem. To meet this challenge, we are committed to providing discount medicines where they are needed the most.
As a company with a firm foundation in science, GSK have a flair for research and a track record of turning that research into powerful,
marketable drugs. Every hour GSK spend more than US$562,000 to find new medicines.
GSK produce medicines that treat six major disease areas – asthma, virus control, infections, mental health, diabetes and digestive conditions.
In addition, GSK is a leader in the important area of vaccines and is developing new treatments for cancer.
GSK also market other products, many of which are among the market leaders:
GSK WORLDWIDE
EUROPE
NORTH AMERICA
United States Canada Mexico
CENTRAL AND SOUTH AMERICA
Established in the year 1924 in India GlaxoSmithKline Pharmaceuticals Ltd. (GSK Rx India) is one of the oldest pharmaceuticals company and
employs over 3500 people. Globally, we are a USD 42 billion, leading, research-based healthcare and pharmaceutical company. In India, we are
one of the market leaders with a turnover of Rs. 1500 crore and a share of 6.9 per cent.
• Prescription medicines
anti-infective
dermatology
gynecology
diabetes
cardiovascular disease
respiratory diseases
• Vaccines
Hepatitis A
Hepatitis B
Invasive disease caused by H
Influenza
Chickenpox
Diphtheria
Pertussis
Tetanus and others.
GSK India is aligning itself with the parent company in areas such as clinical trials, clinical data management, global pack management, sourcing
raw material and support for business processes including analytics.
GSK’s best-in-class field force, backed by a nation-wide network of stockiest, ensures that the Company’s products are readily available across
the nation.
GSK has two manufacturing units in India, located at Nasik and Thane as well as a clinical development centre in Bangalore. The state of art plant
at Nasik makes formulations while bulk drugs are manufactured at Thane.
Being a leader brings responsibility towards the communities in which we operate. At GSK we have a Corporate Social Responsibility program
that works towards fulfilling basic healthcare, education and other developmental needs of 15 tribal villages near Nasik. We work with
underprivileged children from the slums of Mumbai, taking care of their developmental and health
needs. GSK also runs an HIV/AIDS helpline - considered to be a pioneering effort in India that
supports those in distress and despair.
GSK is committed to developing new and effective healthcare solutions. The values on which the group
was founded have always inspired growth and will continue to do so in times to come.
1700-1799
1715
Plough Court pharmacy, the forerunner of Allen and Hanburys Ltd, is established in London by Silvanus Bevan.
1800-1849
1830
John K Smith opens his first drugstore in Philadelphia. John's younger brother, George, joins him in 1841 to form John K Smith & Co.
1850-1899
LOVELY PROFESSIONAL UNIVERSITY Page 11
TECHNICAL ANALYSIS
1859
Beecham opens the world's first factory to be built solely for making medicines at St Helens in England.
1865
Mahlon Kline joins Smith and Shoemaker - as John K Smith and Co had become - as a bookkeeper
1873
Joseph Nathan, who left the UK to seek new business opportunities 20 years before, establishes a general
trading company at Wellington in New Zealand - Joseph Nathan and Co - the foundation for the Glaxo company to
be formed later.
1880
Burroughs Well come & Company is established in London by American pharmacists Henry Well come and
Silas Burroughs, four years after Joseph Nathan opened a London office.
1884
Tabloid is registered as a Burroughs Well come and Company trademark to describe its compressed tablets.
1885
Thomas Beecham's company acquires headquarters on the corner of Silver Street and Water Street, St Helens, England. Two years later, the
company's new factory in St Helens becomes the first in the area to have electricity
1900-1949
1902
1906
LOVELY PROFESSIONAL UNIVERSITY Page 12
TECHNICAL ANALYSIS
Glaxo is registered by Joseph Nathan and Co as a trademark for dried milk. A Burroughs Well come subsidiary is created in New York.
1908
The Glaxo department of Joseph Nathan and Co opens in London and the first "baby book" is published.
1913
1919
Alex C Maclean establishes MacLean’s Ltd, manufacturing own-name products for chemists. Mahlon Kline begins the novel practice of sending
pharmaceutical samples through the mail to doctors across the US.
1945
Beecham Group Ltd is established, replacing Beecham Pills Ltd and Beecham Estates Ltd - later known as Beecham Group plc - and incorporates
Beecham Research Laboratories.
1947
Glaxo Laboratories Ltd absorbs the Joseph Nathan company and becomes the parent company. Glaxo is listed on the London Stock Exchange.
New Beecham laboratories are established at Brockham Park in Surrey, England.
1950-1999
1958
1959
The Wellcome Foundation acquires Cooper, McDougall and Robertson Ltd, an animal health company founded in 1843.
1970
Burroughs Wellcome Inc moves its production facility from New York to Greenville, North Carolina.
1978
Through the acquisition of Meyer Laboratories Inc, Glaxo's business in the US is started, to become Glaxo Inc from 1980.
1981
The anti-ulcer treatment Zantac (ranitidine) is launched by Glaxo and is to become the world's top-selling medicine by 1986.
1988
SmithKline BioScience Laboratories acquires one of its largest competitors, International Clinical Laboratories, Inc, increasing the company's size
by half and establishing SmithKline BioScience Laboratories as the industry leader.
The Nobel Prize for medicine is awarded to George Hitchings and Gertrude Elion, of Burroughs Wellcome Inc, and to Sir James Black, who had
worked at the Wellcome Foundation and Smith Kline and French Laboratories, "for their discoveries of important principles for drug treatment."
1998
SmithKline Beecham and the World Health Organization announce a collaboration to eliminate lymphatic filariasis (elephantiasis) by the year
2020. The largest pharmaceutical company in Poland is created with the acquisition of Polfa Poznan by Glaxo Well come.
2000-2001
GlaxoSmithKline formed through the merger of Glaxo Well come and SmithKline Beecham.
GlaxoSmithKline plc is a public limited company incorporated on 6th December 1999 under English law. Its shares are listed on the London
Stock Exchange and the New York Stock Exchange. On 27th December 2000 the company acquired Glaxo Wellcome plc and SmithKline
Beecham plc, both English public limited companies, by way of a scheme of arrangement for the merger of the two companies. Both Glaxo Well
come and SmithKline Beecham were major global healthcare businesses.
GSK plc and its subsidiary and associated undertakings constitute a major global healthcare group
engaged in the creation, discovery, development, manufacture and marketing of
pharmaceutical and consumer health-related products.
GSK has its corporate head office in London. It also has operational headquarters in Philadelphia
and Research Triangle Park, USA, and operations in some 114 countries, with products sold in over 140
countries. The principal research and development (R&D) facilities are in the UK, the USA, Belgium,
Italy, Japan and Spain. Products are currently manufactured in some 38 countries. The major markets for the Group’s products are the USA,
France, Japan, the UK, Italy, Germany and Spain.
ORGANIZATION AWARDS
• Business in the community award
• Awards for diversity and our community work.
• Corporate equality, US Human Rights Campaign Foundation
• Best diversity company
• Diversity and equal treatment
• Business champion
• Energy management through resilience and mental wellbeing
• Most socially responsible company
LOVELY PROFESSIONAL UNIVERSITY Page 15
TECHNICAL ANALYSIS
MEDICINES
• VACCINES
• CONSUMER HEALTHCARE BRANDS
.
COMPETITOR’s CHART
ORGANIZATION STRUCTURE
(HIERARCHY)
ORGANIZATION MANAGEMENT
GSK Company is managed by the Board of Directors and the Corporate Executive Team.
The Board is comprised of five executive and 11 non-executive directors who are responsible for our corporate governance and ultimately
accountable for our activities, strategy and performance.
The Chief Executive Officer (CEO) is responsible for the management of the business and is assisted by the Corporate Executive Team that
manages our activities. Each member is responsible for a specific part of the business.
BOARDS OF DIRECTORS
The Board of Directors is responsible for GSK Company's corporate governance and ultimately accountable for our activities, strategy and
performance.
Simon Bicknell - Senior Vice President, Company Secretary & Compliance Officer
Duncan Learmouth - Senior Vice President, Corporate Communications and Community Partnerships
ORGANIZATION
STRUCTURE
GSK’S
MANAGEMENT
IN INDIA
BOARD OF DIRECTORS
D.S. Parekh - Chairman & Independent Director
MANAGEMENT TEAM
Dr. H. B. Joshipura - Chairman
M.B. Kapadia - Senior Executive Director
Dr. A. Banerjee - Executive Director - Technical
R. Sequeira - Executive Director - Human Resources
H. Singh - E.V. P - Pharmaceuticals
M. K. Vasanth Kumar - E.V.P. - Information Technology & Supply Chain
Dr. S. Joglekar - V.P. - Medical & Clinical Research
S. Khanna - V.P. - Finance
R. Limaye - V.P. - Marketing & Commercial Strategy
LOVELY PROFESSIONAL UNIVERSITY Page 22
TECHNICAL ANALYSIS
• Technical Analysis
• Fundamental Analysis
TECHNICAL ANALYSIS
Technical Analysis operates on the theory that market prices at any given point in time reflect all known factors affecting supply and demand for
a particular market. Consequently, technical analysis focuses, not on evaluating those factors directly, but on an analysis of market prices
themselves. This approach theorize that a detailed analysis of, among other things, actual daily, weekly and monthly price fluctuations is the most
effective means of attempting to capitalize on the future course of price movements. Technical strategies generally utilize a series of mathematical
measurements and calculations designed to monitor market activity. Trading decisions are based on signals generated by charts, manual
calculations, computers or their combinations.
Fundamental Analysis is based on the study of factors external to the trading markets which affect the supply and demand of a particular
market. It is in stark contrast to technical analysis since it focuses, not on price but on factors like weather, government policies, domestic and
foreign political and economic events and changing trade prospects.
Fundamental analysis theorizes that by monitoring relevant supply and demand factors for a particular market, a state of current or potential
disequilibrium of market conditions may be identified before the state has been reflected in the price level of that market.
Fundamental analysis assumes that markets are imperfect, that information is not instantaneously assimilated or disseminated and that
econometric models can be constructed to generate equilibrium prices, which may indicate that current prices are inconsistent with underlying
economic conditions, and will, accordingly, change in the future.
1-Oct- 1188.7
1181.88
08 1175 1194 1173.15 5
3-Oct- 1177.8
1176.93
08 1176 1183.85 1175 5 -4.95 - 1
6-Oct-
1157.5
08 1160 1170 1146.25 1155 -19.43 -
7-Oct- 1150.7
1147.88
08 1145 1160 1060 5 -9.625 -
8-Oct-
1077.75
08 1063.8 1160 1040 1091.7 -70.13 -
10- 1069.1
1067.08
Oct-08 1065 1082.9 1050 5 -10.68 -
13- 1085.0
1072.53
Oct-08 1060 1095 1060 5 5.45 + 2
14- 1133.3
1116.68
Oct-08 1100 1145 1082.5 5 44.1 +
15- 1110.6
1122.83
Oct-08 5 1144.25 1101 1135 6.15 +
16-
1082.25
Oct-08 1060.1 1114 1060.1 1104.4 1120.33 -40.58 - 3
17-
1108.8
Oct-08 1128.4 1128.4 1080.15 1089.2 1113.02 26.6 + 4
20-
1095.95
Oct-08 1087 1113.9 1075 1104.9 1104.92 -12.85 - 5
21-
1099.15
Oct-08 1083 1120 1082 1115.3 1099.09 3.2 + 6
22- 1097.5
1109.78
Oct-08 1122 1122 1095.25 5 1095.28 10.6 +
23-
1062.8
Oct-08 1085 1085.5 1025.1 1040.6 1093.78 -46.98 - 7
24-
1004.68
Oct-08 1029 1051 945 980.35 1087.54 -58.13 -
LOVELY PROFESSIONAL UNIVERSITY Page 25
TECHNICAL ANALYSIS
27-
974.35
Oct-08 950.9 1014 930 997.8 1077.73 -30.33 -
28-
1006.35
Oct-08 1010 1037.45 990.1 1002.7 1066.69 32 + 8
29- 1006.4
998.725
Oct-08 991 1020.05 990 5 1054.28 -7.625 - 9
31- 1070.3 1181.8
1035.18
Oct-08 1000 1080 989 5 1049.58 1084.95 8 -0.1241 36.4 + 10
3-Nov- 1070.1 1176.9
1084.48
08 5 1104.8 1070.15 1098.8 1047.14 1080.08 3 -0.0786 49.3 +
4-Nov- 1157.5
1071.1
08 1071.4 1088 1070 1070.8 1044.66 1074.79 0 -0.0746 -13.38 - 11
5-Nov- 1147.8
1063.15
08 1098 1098 1025 1028.3 1041.06 1070.07 8 -0.0738 -7.95 -
6-Nov- 1033.1 1077.7
1026.58
08 1020 1040 1000.5 5 1032.74 1064.01 5 -0.0475 -36.58 -
7-Nov- 1067.0
1042.7
08 1021.7 1080 1020 1063.7 1030.73 1062.26 8 -0.0228 16.1 + 12
10- 1072.5 0.0008
1073.45
Nov-08 1074 1091 1060.25 1072.9 1037.61 1062.57 3 6 30.8 +
11- 1078.6 1116.6
1075.78
Nov-08 1072.9 1090 1065.55 5 1047.75 1062.74 8 -0.0366 2.33 +
12- 1122.8
1056
Nov-08 1051.5 1070 1051 1060.5 1052.71 1059.7 3 -0.0595 -19.78 - 13
14- 1082.2
1065
Nov-08 1060 1075 1051.1 1070 1059.34 1056.81 5 -0.0159 9 + 14
17- 1064.8 1108.8
1079.93
Nov-08 1095 1095 1050 5 1063.82 1056.7 1077.91 0 -0.026 14.9 +
18- 1095.9
1071.75
Nov-08 1050 1109 1049.9 1093.5 1062.54 1054.84 1074.24 5 -0.0221 -8.175 - 15
19- 1099.1
1075.75
Nov-08 1070.4 1095 1070.4 1081.1 1063.01 1053.83 1070.86 5 -0.0213 4 + 16
20- 1075 1109 1061.15 1101 1088 1065.49 1053.28 1068.55 1109.7 -0.0196 12.3 +
LOVELY PROFESSIONAL UNIVERSITY Page 26
TECHNICAL ANALYSIS
Nov-08 8
21- 1062.8 0.0423
1107.85
Nov-08 1090 1131 1081.25 1125.7 1073.62 1053.18 1067.21 0 9 19.8 +
24- 1113.2 1151.3 1004.6 0.1270
1132.3
Nov-08 5 1159.8 1113.25 5 1082.58 1056.65 1069.03 8 3 24.5 +
25- 1173.3 0.1953
1164.73 974.35
Nov-08 1156.1 1190 1156.1 5 1091.71 1064.66 1072.29 9 32.4 +
26- 1006.3 0.1533
1160.65
Nov-08 1171 1171 1122.35 1150.3 1100.2 1073.97 1075.22 5 3 -4.075 - 17
28- 1166.3 0.1346
1133.18 998.73
Nov-08 1100 1180 1100 5 1107.91 1080.31 1075.77 2 -27.48 -
1-Dec- 1154.6 1166.7 1035.1 0.1212
1160.7
08 5 1175 1154.65 5 1117.48 1088.41 1077.04 8 6 27.5 + 18
2-Dec- 1140.8 1084.4 0.0705
1161.03
08 5 1189.9 1100.05 1181.2 1125.59 1094.7 1079.66 8 9 0.33 +
3-Dec- 1071.1
1185.6
08 1181 1195 1170 1190.2 1136.98 1099.76 1082.22 0 0.1069 24.6 +
4-Dec- 1063.1 0.1145
1184.95
08 1190 1190 1168.5 1179.9 1147.9 1105.45 1085.19 5 7 -0.65 - 19
5-Dec- 1150.0 1026.5 0.1348
1165.03
08 1180 1180 1150 5 1155.6 1110.55 1087.38 8 7 -19.93 -
8-Dec- 1149.7 1042.7 0.1123
1159.83
08 1169.9 1170 1140.15 5 1160.8 1117.21 1089.05 0 3 -5.2 -
10- 1132.4 1073.4 0.0710
1149.73
Dec-08 1167 1167 1125.1 5 1162.54 1122.56 1091.95 5 6 -10.1 -
11- 1075.7 0.0561
1136.2
Dec-08 1121.1 1169.9 1121.1 1151.3 1159.69 1125.7 1096.33 8 7 -13.53 -
12- 1151.0 1135.5 1056.0 0.0826
1143.3
Dec-08 5 1154.95 1127 5 1157.95 1129.07 1101.97 0 7 7.1 + 20
15- 1065.0 0.0522
1120.6
Dec-08 1125 1145.3 1101 1116.2 1156.7 1132.3 1105.77 0 1 -22.7 - 21
16- 1079.9 0.0338
1116.45
Dec-08 1110 1134 1110 1122.9 1152.27 1134.88 1109.7 3 2 -4.15 -
LOVELY PROFESSIONAL UNIVERSITY Page 27
TECHNICAL ANALYSIS
09 5 0
13-Jan- 1137.1 1120.6 0.0228
1146.23
09 5 1161 1135 1155.3 1141.18 1132.52 1141 0 7 16.8 +
14-Jan- 1116.4 0.0335
1153.95
09 1160 1160 1140 1147.9 1142.32 1134.19 1141.69 5 9 7.73 +
15-Jan- 1156.3 1132.5 0.0181
1153.18
09 1150 1162 1149.95 5 1141.79 1136.02 1141.44 8 9 -0.775 - 31
16-Jan- 1144.7 1167.0 1142.2 0.0119
1155.9
09 5 1175 1144.75 5 1143.5 1137.19 1141.27 5 5 2.73 + 32
19-Jan- 1163.3 1125.1 0.0332
1162.48
09 1161.6 1164.1 1155 5 1145.13 1138.2 1140.5 0 2 6.57 +
20-Jan- 1160.0 1122.9 0.0285
1155.03
09 1150 1164 1146.25 5 1146.03 1139.7 1139.5 5 6 -7.45 - 33
21-Jan- 1169.9 1111.3 0.0504
1167.38
09 1164.8 1176 1159.95 5 1148.5 1141.92 1139.58 3 4 12.3 + 34
22-Jan- 1113.9 0.0438
1162.75
09 1151 1182.1 1118.4 1174.5 1151.17 1144.49 1139.68 0 5 -4.625 - 35
23-Jan- 1173.6 1126.9 0.0365
1168.08
09 1162.5 1178 1160 5 1155.43 1147.2 1140.29 3 2 5.33 + 36
27-Jan- 1169.8 1126.5 0.0340
1164.93
09 1160 1177 1160 5 1158.99 1149.1 1141.24 5 6 -3.15 - 37
28-Jan- 1142.5
1170.15
09 1180 1180 1151 1160.3 1161.38 1151.28 1142.14 0 0.0242 5.23 + 38
29-Jan- 1148.5 1158.5 0.0019
1160.78
09 1173 1173 1140 5 1162.06 1152.19 1143.48 0 6 -9.375 - 39
30-Jan- 1138.8 0.0106
1150.9
09 1136 1171.9 1135 1165.8 1161.84 1151.81 1144.63 0 3 -9.875 -
2-Feb- 1157.4 1146.1 0.0071
1154.33
09 1151.2 1169 1151 5 1161.68 1152.59 1145.35 8 1 3.42 + 40
3-Feb- 1146.0
1151.85
09 1153.5 1159 1150 1150.2 1160.62 1152.87 1145.67 0 0.0051 -2.475 - 41
4-Feb- 1151.2 1142.6 0.0018
1144.73
09 5 1152.05 1135 1138.2 1159.59 1152.81 1146.33 5 2 -7.125 -
LOVELY PROFESSIONAL UNIVERSITY Page 29
TECHNICAL ANALYSIS
18-
1112.3
May- 1240 0.1148
0
09 1230 1250 1222 1250 1172.84 1164.98 1139.17 1 60.2 +
19-
1124.0
May- 1164.4
5
09 1210 1210.1 1092.3 1118.8 1172.61 1167.58 1142.26 0.0359 -75.6 - 73
20-
1145.9
May- 1141.1 1132.98
8
09 1124.8 1150 1121 5 1169.12 1168.03 1143.89 -0.0113 -31.43 -
21-
1166.4
May- 1092.3 1115.18
0
09 1138 1149.5 1070 5 1163.92 1166.49 1144.76 -0.0439 -17.8 -
22-
1173.7
May- 1101.6
0
09 1108.8 1108.8 1086 1094.4 1155.54 1163.25 1145.34 -0.0614 -13.58 -
25-
1167.8
May- 1108.45
0
09 1109 1116 1098 1107.9 1149.68 1159.99 1146.07 -0.0508 6.85 + 74
26-
1167.3
May- 1131.8
3
09 1129 1152 1125 1134.6 1146.19 1158.19 1147.73 -0.0304 23.3 +
27-
1178.2
May- 1142.6
3
09 1140 1155 1135 1145.2 1148.15 1156.95 1149.67 -0.0302 10.8 +
28-
1172.0
May- 1158.5
3
09 1160 1174 1141.15 1157 1147.53 1155.97 1151.82 -0.0115 15.9 +
29-
1163.3
May- 1164 0.0005
8
09 1164.7 1178 1157.05 1163.3 1145.95 1155.56 1154.2 4 5.5 +
1-Jun- 1166.7 0.0050
1172.6
09 1165 1193 1157 1180.2 1139.21 1156.03 1156.39 0 6 8.6 +
16- 1687.6
1595.6
Dec-09 1600 1609.8 1590 1591.2 1639.71 1652.03 1638.61 5 -0.0545 -10.73 - 125
17- 1689.9
1593.75
Dec-09 1608.9 1608.9 1575 1578.6 1632.65 1647.34 1638.6 3 -0.0569 -1.85 -
18- 1591.9 1689.9
1599.03
Dec-09 5 1645 1574 1606.1 1626.8 1642.79 1639.49 3 -0.0538 5.28 + 126
21- 1609.6 1663.3
1609.83
Dec-09 1610 1635 1590 5 1619.94 1638.79 1640.84 0 -0.0321 10.8 +
22- 1583.2 1641.5
1597.18
Dec-09 1611.1 1624.8 1578 5 1613.21 1635.48 1641.31 3 -0.027 -12.65 - 127
23- 1593.9 1629.8
1596.63
Dec-09 5 1613 1593.95 1599.3 1606.89 1633.23 1641.55 5 -0.0204 -0.55 -
24- 1636.9
1625.65
Dec-09 1605 1655 1591.25 1646.3 1605.51 1633.02 1642.41 5 -0.0069 29 + 128
29- 1594.0 1651.8
1624.28
Dec-09 1654.5 1655 1590 5 1605.4 1632.39 1642.73 8 -0.0167 -1.375 - 129
30- 1610.7 1671.7
1602.88
Dec-09 1595 1615 1585 5 1605.11 1629.94 1641.07 3 -0.0412 -21.4 -
31- 1610.0 1680.7
1612.53
Dec-09 1615 1617 1600 5 1605.73 1626.98 1639.23 5 -0.0406 9.65 + 130
4-Jan- 1602.0 1664.4
1611.93
10 5 1625 1602.05 1621.8 1607.37 1623.54 1637.14 3 -0.0315 -0.6 -
5-Jan- 1612.2 1617.1 1657.5
1614.7
10 5 1633 1612.15 5 1609.46 1621.05 1634.71 0 -0.0258 2.78 + 131
6-Jan- 1650.0 1639.3 1678.4
1644.7
10 5 1650.05 1612 5 1614.03 1620.41 1633.2 5 -0.0201 30 +
7-Jan- 1647.9 1664.4
1648.48
10 1649 1654.9 1639 5 1617.89 1618.91 1631.82 5 -0.0096 3.78 +
8-Jan- 1659.7
1635.45
10 1631 1650 1631 1639.9 1621.72 1617.46 1630.89 8 -0.0147 -13.02 - 132
11-Jan- 1626.6 1639.4 0.0270
1683.83
10 1741 1741 1615.5 5 1630.44 1618.67 1632.3 5 7 48.4 + 133
4-Feb- 1648.4
1565.9
10 1571.8 1571.8 1555.2 1560 1535.97 1568.27 1583.52 8 -0.0501 15.5 +
5-Feb- 1553.9 1635.4
1538.48
10 1523 1569.9 1510.55 5 1534.77 1562.77 1581.15 5 -0.0593 -27.43 - 144
8-Feb- 1683.8
1547.65
10 1569.8 1570 1509 1525.5 1538.4 1558.38 1579.5 3 -0.0809 9.18 + 145
9-Feb- 1612.7
1530.2
10 1530 1535 1511.05 1530.4 1539.08 1550.7 1577.28 0 -0.0512 -17.45 - 146
10- 1541.9 1580.6
1549.13
Feb-10 5 1565 1535.1 1556.3 1541.73 1547.52 1574.73 0 -0.0199 18.9 + 147
15- 1619.8 1576.8 1567.0 0.0200
1598.35
Feb-10 5 1619.85 1570 5 1547.71 1548.41 1573.87 0 1 49.2 +
16- 1578.6
1577.65
Feb-10 1590 1599.95 1551.15 1565.3 1552.57 1548.94 1573.03 3 -0.0006 -20.7 - 148
17- 1574.4 1580.3 1567.1 0.0065
1577.4
Feb-10 5 1585 1571.15 5 1558.13 1548.88 1571.85 5 4 -0.25 -
18- 1570.0
1581.85
Feb-10 1582 1590 1574 1581.7 1561.7 1549.62 1570.85 8 0.0075 4.45 + 149
19- 1649.6 1561.8 0.0332
1613.83
Feb-10 1578 1655 1578 5 1568.04 1551.8 1570.82 3 9 32 +
22- 1681.7 1550.5 0.0750
1666.88
Feb-10 1652 1684.95 1645 5 1578.14 1557.06 1571.56 3 4 53.1 +
23- 1511.3
1695.7
Feb-10 1686 1731 1662.15 1705.4 1593.86 1564.32 1573.14 3 0.122 28.8 +
24- 1523.4 0.1161
1700.35
Feb-10 1690 1719.9 1680.2 1710.7 1609.13 1573.77 1575.3 3 4 4.65 +
25- 1522.6
1711.25
Feb-10 1700 1730 1700 1722.5 1627.24 1583.16 1576.21 0 0.1239 10.9 +
26- 1538.5 0.1171
1718.75
Feb-10 1722 1722 1707 1715.5 1644.2 1592.97 1579.75 3 4 7.5 +
2-Mar- 1702.0 1529.0 0.1124
1701.03
10 1700 1719.9 1700 5 1654.47 1601.09 1583.76 8 5 -17.72 - 150
26- 1711.2
1709.5
Mar-10 1670 1755 1670 1749 1716.98 1725.37 1686.62 5 -0.001 -38.68 - 154
29- 1718.7 0.0185
1750.6
Mar-10 1745 1760 1745 1756.2 1717.62 1727.33 1693.97 5 3 41.1 +
30- 1774.9 1701.0 0.0390
1767.48
Mar-10 1760 1775 1750.05 5 1722.31 1729.77 1701.25 3 6 16.9 +
31- 1777.8 1714.5 0.0189
1746.93
Mar-10 1716 1780.5 1716 5 1727.71 1732.07 1706.2 0 1 -20.55 - 155
1-Apr- 1763.6 1729.6 0.0250
1772.88
10 1782.1 1784.9 1751.3 5 1737.9 1734.98 1712.71 3 1 26 + 156
5-Apr- 1784.9 1781.5 1739.1 0.0253
1783.25
10 5 1797 1751.1 5 1746.07 1737.67 1719.57 5 6 10.4 +
6-Apr- 1761.6 1760.0 0.0089
1775.83
10 1790 1790 1758 5 1752.15 1739.5 1726.03 5 6 -7.425 - 157
7-Apr- 1760.5
1760.5
10 1763 1782 1750 1758 1755.37 1739.52 1730.92 3 -1E-05 -15.33 -
8-Apr- 1754.0
1775.3
10 1785 1785 1752.3 1765.6 1759.04 1740.26 1734.54 8 0.0121 14.8 + 158
9-Apr- 1780.2 1748.6 0.0129
1771.23
10 1762.2 1782.95 1762.2 5 1761.35 1741.12 1737.06 0 4 -4.075 - 159
12- 1744.1 0.0214
1781.55
Apr-10 1775 1791 1770 1788.1 1768.55 1742.77 1739.76 8 3 10.3 + 160
13- 1720.5 0.0394
1788.5
Apr-10 1776.2 1806 1776.2 1800.8 1772.34 1744.98 1742.34 5 9 6.95 +
15- 1810.1 1692.9 0.0683
1808.58
Apr-10 1807 1824.75 1791 5 1776.45 1749.38 1745.33 3 1 20.1 +
16- 1671.0 0.0840
1811.55
Apr-10 1800 1850 1800 1823.1 1782.92 1755.31 1749.02 5 8 2.97 +
19- 1701.5 0.0755
1830.1
Apr-10 1812.5 1861 1812.05 1847.7 1788.64 1763.27 1752.87 0 8 18.6 +
20- 1856.1 1715.0 0.0799
1852.08
Apr-10 1848 1865 1847.3 5 1795.52 1770.8 1756.95 3 1 22 +
12-
1808.5
May- 2054.6 2027.38 0.1209
8
10 2000.1 2064 1990 5 1942.56 1907.26 1862.29 8 57.3 + 170
13-
1811.5
May- 2099.9 0.1591
5
10 2070 2149 2056.05 2129.8 1963 1921.83 1873.37 7 72.5 +
14-
1830.1
May- 2133.7 0.1658
0
10 2130 2147 2101 2137.4 1986.49 1937.93 1886.26 9 33.8 +
17-
1852.0
May- 2159.1 2148.28 0.1599
8
10 2137.4 2174.95 2110 5 2011.9 1953.84 1898.77 3 14.6 +
18-
1892.5
May- 2157.0 2165.03
0
10 5 2271 2157.05 2173 2039.35 1969.49 1911.5 0.144 16.8 +
19-
1914.2
May- 2122.6 0.1088
0
10 2175 2175 2054 2070.2 2055.93 1980.99 1923.06 7 -42.43 - 171
20-
1918.6
May- 2099.9 2092.13 0.0904
3
10 5 2105 2031 2084.3 2068.59 1989.89 1934.11 3 -30.47 -
21-
1889.3
May- 2054.1 0.0872
3
10 2064 2095 2016.35 2044.2 2078.74 1996.66 1943.41 1 -38.03 -
24-
1908.2
May- 2134.9 2081.78 0.0909
8
10 5 2134.95 2020.1 2028.6 2089.5 2006.29 1953.76 2 27.7 + 172
25-
1894.3
May- 2009.5 2034.78 0.0741
3
10 2060 2060 1995.15 5 2095.97 2012.61 1962.2 4 -47 - 173
26-
1895.5
May- 2002.8 2040.43 0.0764
5
10 2078 2078 1992.6 5 2097.27 2019.92 1970.6 3 5.65 + 174
LOVELY PROFESSIONAL UNIVERSITY Page 49
TECHNICAL ANALYSIS
27-
1898.7
May- 1982.2 2001.13
8
10 2020 2020 1955 5 2087.39 2025.2 1977.01 0.0539 -39.3 - 175
28-
1894.2
May- 1985.65 0.0482
3
10 1975 2035 1971.5 1996.3 2072.59 2029.54 1982.82 7 -15.47 -
31-
1890.5
May- 2105.9 2065.48 0.0925
0
10 2025 2115.5 1992 5 2064.31 2038.1 1990.66 5 79.8 + 176
1-Jun- 2088.8 1956.8 0.0592
2072.73
10 2056.6 2130 2041.15 5 2055.08 2047.21 1998.02 0 4 7.25 +
2-Jun- 2105.8 1965.5 0.0673
2097.93
10 2090 2124.95 2075.8 5 2052.61 2054.27 2004.87 0 7 25.2 +
3-Jun- 1952.6 0.0728
2094.95
10 2111 2111.95 2059 2078.9 2052.89 2060.74 2010.89 5 8 -2.975 - 177
4-Jun- 1974.1 0.0507
2074.35
10 2110 2110 2035.1 2038.7 2054.92 2066.83 2016.08 3 7 -20.6 -
7-Jun- 2028.5 1970.1 0.0322
2033.63
10 2038.7 2057 2008 5 2050.1 2069.8 2020.89 3 3 -40.72 -
8-Jun- 2020.0 2025.2 2027.3
2022.65
10 5 2085 2020.05 5 2048.89 2072.43 2024.7 8 -0.0023 -10.97 -
9-Jun- 2101.5 2099.9 0.0051
2110.78
10 2120 2128.8 2041.05 5 2055.93 2076.6 2031.92 0 8 88.1 + 178
10-Jun- 2101.8 2133.7
2110.93
10 2120 2134.9 2091.15 5 2066.91 2077.15 2039.1 0 -0.0107 0.15 +
11-Jun- 2138.9 2148.2
2107.28
10 5 2138.95 2041 2075.6 2079.07 2075.83 2046.05 8 -0.0191 -3.65 - 179
14-Jun- 2165.0
2100.85
10 2124.9 2124.9 2071.15 2076.8 2082.61 2073.46 2052.94 3 -0.0296 -6.425 -
15-Jun- 2098.8 2078.4 2122.6
2088.65
10 5 2109.95 2060 5 2084.2 2069.64 2059.54 0 -0.016 -12.2 -
16-Jun- 2092.1
2064.75
10 2050 2100 2050 2079.5 2080.88 2066.75 2063.14 3 -0.0131 -23.9 -
LOVELY PROFESSIONAL UNIVERSITY Page 50
TECHNICAL ANALYSIS
30-Jul- 2166.3
2027
10 2038.2 2038.2 2000 2015.8 2049.78 2076.9 2105.12 8 -0.0643 -20.45 - 198
3-Aug- 2152.1
2017.65
10 2030.4 2030.4 2001.25 2004.9 2047.13 2069.46 2101.69 0 -0.0625 -9.35 -
4-Aug- 2157.6
2005
10 2010 2035 1984 2000 2044.89 2062.11 2097.93 8 -0.0708 -12.65 -
5-Aug- 2132.2
2015.95
10 2020 2030 1995 2011.9 2042.75 2055.02 2094.02 5 -0.0545 11 + 199
6-Aug- 2099.9
2018.5
10 2019.9 2028.7 2010 2017.1 2039.07 2049.33 2089.32 5 -0.0388 2.55 +
9-Aug- 1997.4 2069.9
2008.73
10 2020 2058 1990 5 2031.86 2044.77 2083.51 8 -0.0296 -9.775 - 200
10- 1990.7 2069.7
2000.38
Aug-10 2010 2035 1980 5 2025.51 2041.29 2076.67 8 -0.0335 -8.35 -
11- 1958.3 2080.2
1995.18
Aug-10 2032 2032 1949 5 2018.33 2037.56 2070.33 3 -0.0409 -5.2 -
12- 1957.0 1953.5 2066.3
1955.3
Aug-10 5 1965 1942 5 2009.11 2031.32 2062.28 8 -0.0538 -39.88 -
13- 1960.9 2045.5
1955.98
Aug-10 1951 1985 1942 5 1999.97 2025.8 2056.44 0 -0.0438 0.67 + 201
16- 2044.1
1958.6
Aug-10 1971.2 1988 1941 1946 1993.13 2021.45 2048.97 3 -0.0418 2.63 +
17- 1961.7 2027.4
1955.88
Aug-10 1950 1968.9 1942.05 5 1986.95 2017.04 2041.96 3 -0.0353 -2.725 - 202
18- 2037.3
1948.7
Aug-10 1953 1969.5 1940 1944.4 1981.32 2013.1 2035.18 3 -0.0435 -7.175 -
19- 1980.7 2055.2
1961.88
Aug-10 1943 1988.8 1935 5 1975.91 2009.33 2028.65 8 -0.0454 13.2 + 203
20- 2080.8
2002.95
Aug-10 1990 2040 1981.05 2015.9 1974.36 2006.71 2024.34 5 -0.0374 41.1 +
23- 2063.9
2007.35
Aug-10 2039 2040.95 1966 1975.7 1974.22 2003.04 2021.25 3 -0.0274 4.4 +
4327.7
∑G 3
3284.8
∑L 0
No. of Gain 251
No.of Lose 219
Relative strength of
index 53.48
MOVING AVERAGE
An indicator frequently used in technical analysis showing the average value of a security's price over a set period. Moving averages are generally
used to measure momentum and define areas of possible support and resistance.
In this, I have calculate three moving average on the bases of 10 days , 20days and 30 days.
Moving average charts is a tool used by technical analysts to track the price movements of a security. It plots average daily settlement prices over
a defined period of time like 10 days, 20 days, and 30 days.
INTERPETATION
As per tree different period moving average charts show the trend of GSK in BSE.10 days and less than 10 days moving average is helpful
for short term investment .For long term investors 30 days moving average and more than 30 days moving average is helpful for investment in
stock market.
Here GSK market performance was good and its moving average trend is in increasing form. Moving averages can be used to quickly
identify whether a security is moving in an uptrend or a downtrend depending on the direction of the moving average. As charts when a moving
average is heading upward and the price is above it, the security is in an uptrend. Conversely, a downward sloping moving average with the price
below can be used to signal a downtrend.
INTERPETATION
As shown in the above chart, the market price is below the moving average line also both the market price and moving average is moving along
the line, also it has reached the resistance level, hence it is advisable to long term investors to sell the share and book the profit at the same time it
advisable to the short term investors to buy the share and hold it for mere future and sell it when it reaches the support level. Thus it is good sign
to sell to long term investors
OSCELLATOR
Oscellator is a technical analysis tool that is banded between two extreme values and built with the results from a trend indicator for discovering
short-term overbought or oversold conditions. As the value of the oscillator approaches the upper extreme value the asset is deemed to be
overbought, and as it approaches the lower extreme it is deemed to be oversold.
LOVELY PROFESSIONAL UNIVERSITY Page 57
TECHNICAL ANALYSIS
INTERPETATION
OVER BOUGHT
According to GSK oscillator chart, company oscillator value 1.9583 on 25 Nov 2008. This is the highest value of last two years, this is the
position of over brought so, this is the moment where investors should sell their investmentment, and move towards another investvestment where
there is a great prospect of profitability. When we move further and a glance of data from1dec 08 to 30sep10 the maximum achievable value is
on 25 nov 2008. But when we move towards minimum level the maximum oversold position is on 3 nov 2008 i.e. -0.1241 that is the position
where an investor should invest in the particular stock or if an exist investor then shoud hold the stock till it reaches it maximum level.
If we talk about 30 sep 2010 then we get the value near than over brought so, it is a the time where investor should sold the stock, and for new
investor that not to purchase the particular stock in the mean time. Because, when the market correction will done the value of stock definitely
decreases.
OVER SOLD
HEAD AND SHOULDERS
A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (shoulder), followed by a higher peak (head), and then
another lower peak (shoulder). A "neckline" is drawn by connecting the lowest points of the two troughs. The slope of this line can either be up or
down. Typically, when the slope is down, it produces a more reliable signal.
Interpretation:-
When we show the head and shoulder chart we find an uneven trend of stock movement, because there is number of head and shoulders drawn
over a period of time, and if we talk about movement of stock of last two years there is a increasing trend follow by the stock, as we learn earlier
that a upward stock movement is not so reliable due to this the current scenario is not the positive for the investment. Because, from 1st oct 08 to
30th sep 10 the head and shoulder movement is purely upward so, there is not a good time to investment as this point at 30th sep of near about 2200
so, it is the situation where investor should sale its investment and not the purchase of the same stock.
body represent the high or low price range and these lines are known as shadows, tails or wicks. For the particular day, the highest price is
declared by the top of the upper shadow and the lowest price is marked by the bottom of the lower tail.
Interpretation:-The candlestick chart shows the daily price movement of a stock by four ways i.e. Open, High, Low, Close. So, we get a actual
figure of a stock whether the stock is over sold or over brought in the particular day, and also give a brief of the behavior of sort sellers or
speculators in the intraday and interday transactions. When we talk about the candlestick diagram of last two years we find that over low high and
close is increasing over a period of last two years so, it shows the growth from company’s prospect but it is not good from new investor’s purpose.
As, it is good for long term investors but vice-versa for short term investor purpose.
V-FORMATION
Support and resistance is a concept in technical analysis that the movement of the price of a security will tend to stop and reverse at certain predetermined
price levels.
A support level is a price level where the price tends to find support as it is going down. This means the price is more likely to "bounce" off this
level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue
dropping until it finds another support level.
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means the price is more
likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it
is likely that it will continue rising until it finds another resistance level.
Interpretation:-
If we talk about support and resistance level of GSK of last two years we find that 1250 and 1800. As, we show the stock of gsk cross the support
level at 1st july09 and cross the resistance level 10th Apr10. And from that movement the stock is continuously moving on and on. So, till 10th apr
there was a good investment prospect. But after 10th apr 10 when stock cross the resistance level it shows the investment in the particular stock is
made some sort of risky investment so it is good stock for long term investor and not for short term investor as the last price of stock at 30th sep 10
is 2210 so, it is highly risky stock for new investors and suggestion is not to invest in this particular stock in the mean time.
Conclusion:-
The study is concerned with the relevant features of technical analysis and about its indicators. Technical analysis is widely accepted
worldwide and a very useful tools for the analysis of share price behavior. The share market is more challenging, fulfilling and rewarding to
resourceful investors willing to learn the art of cyclical timing to study of technical analysis.
The technical approach to invest is essentially a reflection of the idea that price moves in trends which are determined by the challenging
attitudes of investors towards a variety of economic, monetary, political and psychological forces. By studying the nature of previous market
turning points it is possible to develop some characteristics that can help to identify major markets top and bottoms. The recognition of top and
bottoms is in nutshell of technical analysis process. Entering the market at the beginning of the up-trend and getting out of it at the first stroke of
the formation in the reversal is the basis of this analysis.
As we do the technical analysis of gsk pharma we find some outcomes i.e. under here-
Bibliography:-
Websites:
• www.forextrading.about.com
• www.investopedia.com
• www.about.com
• www.sify.com/finance
• www.bse.com
• www.capitaline.com
•
Books Referred