Project Title

A Study on Technical Analysis of various stocks with special reference to

Ventura Securities Limited.

Name

DARSHAANRAJ P N

1CG20BA004
 CHAPTER-1
INTRODUCTION
INDUSTRY PROFILE:
STOCK MARKET:

A Stock market equity market or share market is collection of stock buyers and stock sellers
which comprise ownership claims on business. Its include securities listed on a public sector
exchange and securities that are only treated personally. The stock exchange share of common
stock and other type of securities are corporate bonds and convertible bonds. The overall market
capitalization of all public traded securities worldwide rose from US$ 2.5 trillion in 1980 to US$
93.7 trillion at the end of 2020. In 2016 there are 60 stock exchanges around the world.

The main purpose of the stock market is important way of raise Company’s money. Beyond with
debt market which is generally more impressive but do not trade publicly. It is helps business to
be public traded and boosting financial capital for increase by selling shares of ownership of the
company is a public market. Stock exchange plays vital role in Indian economy. It’s a place
where stock brokers and traders can buy and sell the stock and securities. Bombay Stock
Exchange (BSE) and National Stock Exchange (NSE) are two important stock exchange of India.
BSE also called Bull market.

The stock market development, supervision and regulation managed by Securities and Exchange
Board of India (SEBI). It is an independent authority formed in 1992. In case of violation SEBI
enjoys broad power of imposing penalties on market participants. 1990s India started only
permitting outside investments. Foreign investments are classified into 2 types, like foreign
direct investment (FDI) and foreign portfolio investment (FPI). Investor takes all investments in
day to day operations and management of the company are act towards as FDI, but investment in
stocks(shares) without any control over operations and management are act towards as FPI.
NATIONL STOCK EXCHANGE (NSE):

Currency: Indian Rupee (₹)

CEO : Vikram Limaye

Indices : NIFTY 50, NIFTY Next 50, NIFTY 100

Founded: 1992, in Mumbai

NSE the main vision is “to continue to be a leader, establish global presence, and facilitate the
financial the well being of people”. The most popular NSE of India’s leading stock exchange
located in Mumbai. It’s founded in 1992.

NSE is the first exchange in the country to provide moderns; fully automatically screen based
electronic trading system. According to the world federation of exchange (WTF), the National
Stock Exchange of India is India’s leading stock exchange between January and June 2018. NSE
is second largest stock exchange in the world.

In 1994 NSE launched screen based transaction. Online trading and derivatives trading are in
2000 each of the first in India. NSE has a fully integrated business modeling including our
exchange listing, settlement service, trading service market data base, indices financial education
products and technological solutions.

NSE is developed in technology ensuring the reliability of its systems through innovative culture
and technology investment. It’s providing innovation in trade and nontrade business, and also
provides high quality data and service to customers and market participants.

NSE also participate an essential role in the creation of national securities depository limited
(NSDL) which also investor to securely hold and transfer their stock and bonds electronically.

.
NIFTY 50:

The NIFTY 50 measures Indian equity/stock market index. Its represent the averages of 50
largest India companies. It was launched on 1996 April 1st operated by NSE indices. Its cover 13
sectors (as on 30th April 2021). The Nifty 50 index gives a weight age of financial service
39.01%, to IT, 15.31% of Energy, 12.38% to customer goods, 6.11% to automobile, 0% to
Agriculture sector. The Nifty 50 is India’s single financial product with an ecosystem of
exchange traded future and option.

BOMBAY STOCK EXHANGE (BSE)

Currency: Indian Rupee (₹)

CEO : Ashishkumar Chauhn

Indices : SENSEX

Founded : 1875

Cotton Merchant Mr. Premchand Roychand was started BSE in 1875. It is a 9 th largest stock
exchange .As on overall market capitalization reach in January 2022 more than ₹276.13 crore.
BSE is the back bone of country capital market. The main objectives are,

 To make found available to entrepreneur of business class.

 To ensure investor get maximum possible returns.
 Platform provides investment activity.
 To provides a market for purchase and sales of securities.
 It should be encourage investment culture around the country.

BSE is a trading system introduced during 1994 to bring an automated trading environment
known as BOLT.
COMPANY PROFILE:

VENTURA SECURITIES LIMITED:

Ventura Securities Limited is an Indian stock broking house, commenced their operations in
1994. Ventura provides a wide array of financial products and services to their clients including
derivatives, fixed incomes, mutual funds, commodities and more.

Through their large network of sub brokers, they provide their clients invest in best available in
market. Ventura group is very much keen in providing their clients with access to relevant
research and data to help them invest in best options available in market. Ventura provide their
clients the most modern and sophisticated technology available to make their trading seamless.
Their in-house mobile application called Ventura wealth and computer software called Pointer
make trading seamless and effective for all their clients.

Ventura securities paid up capital stand at 92.486% and have authorized capital which is
Rs.600.0 lakh. The company finance business from last 28 years and right know operations
active.

Ventura Securities Ltd in Bangalore is the most significant business in stock brokers – NSE. It’s
also known for finance consultants, Share Brokers, Stock Brokers, invest companies, Demate
Share consultants, Mutual fund Agents, Share investor, Mutual fund consultants and much more.

Established in the year 1994, Ventura Securities Ltd in Kasturaba Road, Bangalore is top player
in the category Stock Brokers – NSE in the Bangalore. It’s well known setting up acts as a one
stop destination services to customer both local and from other part of Bangalore.
PROMOTERS:

Hemant Majethia: Co-promoter, CEO and Director

With more than 2 many years of practice in capital market intermediation & equity research.
Hemant Majethia is very much associated and regarded in the market circ1e for the technocratic
way to deal with stock broking. He is a chartered accountant by qua1ification & was
instrumenta1 in the deve1opment of the on1ine p1atform called “pointer”.

Sajid Malik: Co-promoter & Director

Sajid Malik is the promoter & Managing Director of genesys international, a company with
focus on GIS mapping & engineering scheming services, listed on NSE & BSE. He is a
Chartered Accountant by qua1ification.

Juzer Gabajiwala: Director

He is a Chartered Accountant & company secretary by profession has over 20 year’s 0f

familiarity in finance, taxation, & investments. He heads the Human Resources dept. &
operations at Ventura. He made the move to 1aunch of the a1ternate products p1atforms for
mutua1 fund distribution, insurance & wea1th management business. He a1so led the wea1th
management & NR1 cel1. He has a1so former1y been associated with the IIT group & the
TATA group.

Core Management Team

 Vinay Punjabi Head – Marketing

 Bharat Gala Head – Dealing
 N.S. Ramasamy Head – commodities
 Shalini Sabani AVP
VISSION, MISSION AND QUALITY POLICY:

VISION:

“To be the best retail brokering brand in the retail business of stock marketing”.

MISSION:

To build a true relationship & strive towards customers delight, through constant innovation on a
strong foundation of dedicated & trained resources.

Quality Policy:

 Building & valuing true partnerships

When it comes to business partners, it is seen success reflected in their progress. It has
facilitated them all the way with technology & marketing strategies & in turn, has been
rewarded with their performance & loyalty.
 ‘Think & it’s there’ approach
In advance Ventura foresees all their clients’ diverse needs, ranging from financial
planning to wealth management & provides them with resources, tools, & solutions to
fulfill them.
 Constant innovation
At Ventura, Change for the betterment has become a way of life. Innovations have
always been customer centric which has been adequately reflected in the up gradation of
the system to facilitate their network partners.
 Team Ventura
Dedicated & well-trained staffs speak to the mainstay of quality and accomplishment at
Ventura. All individuals have disguised our central goal and are continually endeavoring
to expand on it.
PRODUCTS PROVIDE BY THE VENTURA SECURITIES LTD.:

Products:
 Equity
 Derivatives
 Commodities
 Mutual fund
 Fixed income
 Currency futures
Services:
 NRI/QFI
 IPO
 DEMAT account
 Depository services
 Trading account
 Bank account for fund transfer Dial & trade for query related to trading

Products offered by Ventura:

Equity:

In general, one can think equity as possession in any asset after all obligations associated with
that asset are paid off. Stocks are equity since they speak to possession in a nation in an
organization. The value of an ownership in a property, incorporating investor’s value in a
business.

Derivatives:

A derivative is a financial instrument (or, more simply, an agreement between 2 parties) that has
a value, in light of the normal future value development of the advantages for which it is
connected, called the underlying assets for example: share/ currency/ commodity. Derivatives
can be defined as something which derives its value from an underlying products being a stock,
currency, commodity / anything that carries a marketplace. The market price of the product is
subject to fluctuation due to various factors affecting its demands & supply thereby associating
itself with various factors of risk. So, a derivative is a bi-product of the core product which can
be used to speculate, hedge & also undertake arbitrage activities.

Indian market has 2 kinds of derivative instruments

1. Futures
2. Option
a. Call option
b. Pull option

Mutual fund:

It is a kind 0f professionally managed collective investment scheme that pools cash from many
investors to buy securities. While there is no legitimate meaning of the term “mutual fund”, it is
most usually connected just to those aggregate investment vehicles that are regulated & sold to
the general public. They are in some cases referred as “investment companies” or “registered
investment companies.” Most mutual funds are “open-ended”, meaning investors can buy/sell
shares of the funds whenever they want.

Currency Market:

SEBI has issued a circular on Aug 6th, 2008 on Exchange Traded Currency Derivatives,
Currency futures are contracts to exchange a certain amount of a particular currency at a specific
exchange rate on a specified date, & it is exactly like a futures contract on Nifty. Here the
underlying commodity is a currency exchange rate, such as an Indian Rupee to USD exchange
rate, there will be daily mark to market settlement between buyer & seller. There is no
counterparty risk of non-obligation due to intermediately like clearing corporation which is a
guarantor to both the parties. It is open to large & small investors due to optimum market lot
size. Presently currency futures are traded on NSE, BSE, & MCX
Commodity Market:

Commodity F &O Trading is being carried out by “Ventura Commodity Pvt Ltd” with 2
exchanges viz, NCDEX, abbreviation of National Commodity & Derivatives Exchange Ltd.
(started its operation on April 2003) MCX, abbreviation of Multi Commodity Exchange. (Started
its operation on November 2003) The number of commodities as of the date availed with MCX&
NCDEX is higher than 50, which comprises of valuable metal, energy (crude oil, Brent),
oilseeds, pulses, grains, spices, base metals & other agro commodities. There are particular
exchanging parcels/exchanging units & particular conveyance parcels & conveyance units for
every commodity with both the trade. Every commodity additionally has distinctive contracts
accessible for 3 months to 4 months & so forth. The citation or the cost accessible in the
exchanging screen for every commodity shifts.

Currency futures:

Currency futures are a type of futures contract for a particular period of time. The currencies are
exchanged each other and the price is specified accordingly. This type of method is used to
reduce risk in exchanging one currency with another.

Value Added Services

1. Online Platforms:

Pointer – Ventura has online equity trading engine, featuring trade at super speed, enjoy an
exclusive investing experience.

A mutual fund – Investors in immense investments plans & also gets a detailed online analysis.
Commodities – Browser & exe-based online trading software are for the client as well as
network partners to facilitate seamless execution on MCX & NCDEX.

2. www.Ventura1.com: comprehensive website providing product or market information &

tools to access data in a user friendly manner.

3. Customer web access: Through a common login, clients have access to the host of services
such as portfolio details, digital contract, transaction statement, tax report etc…
4. Newsletters: every day, every week & every month newsletters covering equities, mutual
funds, commodities (available on the web).

5. SMS updates: frequent updates on market happenings & trading; investment calls, trade
confirmations.

6. Research report: In Detail fundamentals scrutiny on any company or industry at periodical

breaks.

7. Baatein bazaar ke Ventura se: it is an interactive chat room availed to all network partners
during trading hours; access to news on a real-time basis.

8. In-house training or seminars: Products training or investor conference casing diverse topics
like technical analysis or industry overview of financial markets.

Ventura Brokerage Charges:

 To Open Trading Account ;Charges: Rupees 0

 For Maintenance Charges of trading: Rupees 0.
 To Open Demat Account ;Charges (1 Time): Rupees 0
 Demat Account Annual Maintenance(AMC): LIFETIME FREE AMC
 ‘POINTER’ is an e-platform has access charges are based on available brokerage plans
given below. The full amount of access charges is refundable based on the brokerage
generated in the specified period of the plan.

AREAS OF OPERATION

Ventura Securities ltd is headquartered in Mumbai, India. Ventura also gives wide range of
investments products and services thought it’s over the 25 branches and over 500 business
partners located across 300 cities in India. Financial services offered by Ventura embrace trading
in various instruments like Equity, Derivatives, Commodity, Currency Futures, & Investment in
Mutual Funds, Insurance, and Deposits & Depository services. Ventura allows commodity
trading services through www.VenturaCommoditiesPrivate Ltd, an associated body which is
trading participant of NCDEX and MCX. The share of e-trading composed 22 % of the revenue.
As Ventura’s everyday trading volume is around Rs.150 crores, the share of e-trading is at about
Rs 35 crores / day was substantial & a larger division of the volume was output from intraday
traders. Considering all its assets & liabilities of firm is valued at around Rs 600-750 Crores.

Ventura Securities limited has its operations pan India,

 Chandigarh
 New Delhi
 Jaipur
 Lucknow
 Kanpur
 Allahabad
 Vadodara
 Indore
 Surat
 Mumbai
 Pune
 Jabalpur
 Nagpur
 Ahmednagar
 Warangal
 Hyderabad
 Bangalore
 Tirupr
 Chennai
 Trichy
 Coimbatore
 Kochi
 Patna
 Kolkata
  Bhubaneswar
 Guwahti

INFRASTRUCTURE FACILITIES:

Ventura has good infrastructure facilities towards the technical & fundamental activities to
customers & employees.

 Customers are being provided online trading accounts for investing in equities &
derivatives.
 Trade confirmation and Instant order by e-mail.
 Firm also provides qualitative services like everyday SMS alerts & notifications-mail
alerts, scrip recommendations etc.
 Research advice & market updates through Chat-Email.
 Centralized back office access will be provided.
 Excellent back office software.

The main facilities are

 Drinking water facility

 Good working environment
 Telephone and Electronic facility
 Vehicles parking facility
 Sufficient computer for banking activities.
 Wi-Fi enabled office rooms

TOP COMPETITOR’S OF VENTURA SECURITY LTD:

Ventura securities are one among the many stock brokers and financial houses currently present
in India, so they have very potential competitors as well. Main competitors of Ventura securities
are;

Discount Brokers Full Services Brokers

Zerodha Share Khan
Rksv Smc Global
Tradejini Mothilal Oswal
Wisdom Capital An& Rathi
Composite Securities Angel Broking
Sas Onlin Reliance Securities
Tarde Smart Online Kotak Securites
Achievers Wquities ICICI Securities

These are major stock broking competitors of Ventura securities each stock broking house has
their own commission based on the client’s subscriptions. All the investor’s ideology is same
they need to get maximum profit paying least brokerage. Brokerage is the main concern of every
client while selecting a stock broking house. They keenly observe and go for the house which
provides least brokerages. All the broking houses will be monitoring each other to increase their
client base.

Even commercial banks can be considered as competition for Ventura securities. Major
population in India still not aware about THE stock market. Major share of population who are
aware about the stock market shows a great deal of resistance towards this industry since the risk
involved is high. Indian investors mind set is to save as much without involving in any sort of
risk. Banks in India are stable and provide around 6% - 7.5% interest in fixed deposits and
approximately 3 – 3.5% interest for savings accounts. The major share of investors and average
earning population will choose bank as a major source of safe house to invest in. This investor’s
taste towards bank reduces client base of broking houses in India. Main leading banks in India
are;

 State Bank of India

 ICICI
 HDFC
 South Indian Bank
 Punjab National Bank
 Union Bank of India
  Central Bank of India

These banks in India have strong customer base and thus reduces the same for such stock
broking houses. Presently banks can be considered as one of the major competitors depending on
the psychology of Indian investors.

FUTURE GROWTH AND PROSPECTS:

Growth of educated youth who are aware of investments opportunities are increasing in a
country like India. This can pave a way to Ventura securities to capture the young Indians who
are the future Indian market. With the strong presence across India Ventura can acquire
maximum market share by their customer centric approaches. Free webinars, seminars and
advices given by the Ventura team is exceptional and this can retain as well as acquire
customers. Stock market investments are booming in India. A country like India with huge
population who are always craving for more return is the key future for Ventura, if they sustain
the same.

Ventura securities have been providing competitive products & services to clients & day by day
customers are spreading across pan India. For the future growth, company is conducting
educational training for investors & also various conferences. So that, as investors increases
companies profit shall also increase.

Ventura securities development aspects are because of increasing of customers, due to

motivating new investors & provide demat accounts, providing clients multi-investment options
in one single floor. Increasing in a day’s overall transaction & also Ventura securities has very
dazzling prospective & has very dynamic business in financial markets, which in turn helps other
company’s growth & creates benchmark in the financial market.

 New initiative portfolio management service & commodities trading.

 300000 & odd retail clients has being service through centralized call centers & e-
solutions.
 Branches, Semi-branches servicing affluent & aggressive traders through high skilled
financial advisor.
  250 independent investment managers; franchisees serving 50000 highly financially
valued clients.

SWOT ANALYSIS:

Point out of SWOT is very important and it will give direction towards the organizational
commitments and it will show the strength, weakness, opportunities and threats involved in
business venture. They inform how would later steps to be taken to achieve organizational goals
and objectives. Strengths gives the organizational potential over the struggle, weakness
characteristics the advantages to the other opportunities shows the where the business can
explore or advantage to the business threats elements could cause trouble for the organization.

STRENGTHS:

 Domestic market
 Internet and mobile trading platform
 Large network of sub brokers
 More than 76000 registered clients.
 Better solutions for its customers
 Strong customer support

WEAKNESS:

 Lower access to the rural area

 All the brokerage firms have a similar product
 Mobile Application poor attraction

OPERTUNITIES:

 Increasing the demand

 Income level is at constant increase
 Expansion of the branches
 Interested youth in Stock market

THREATS:
  Increasing rates of interest
 Growing competition with respect to subsiding brokerage
 Emergence of new brokers in market
 Entry of foreign companies in this field

FINANCIAL STATEMENT

Profit and loss a/c

Particulars Mar-2017 Mar-2018 Mar-2019 Mar-2020 Mar-2021

Operating income 2412.83 2940.19 3330.10 3566.18 3899.27
Net sales 2412.83 2940.19 3330.10 3566.18 3899.27
Expenditure
Employee Cost 283.32 300.24 324.18 345.13 367.18
Operating and 231.52 252.86 286.56 294.16 334.17
establish expenses
Administration and 144.82 176.81 221.12 248.10 298.12
other expenses
Provision And 14.65 4.21 7.32 8.67 9.01
Contingencies
Expenses capitalized 0 0 0 0 0
Total expenditure 644.31 734.12 812.22 843.15 895.45
Profit Before 1768.52 2206.06 2587.19 2856.21 3016.24
Depreciation And
tax(Excluding Other
Income)
Other income 0 0 0 0 0
Operating profit 1768.52 2206.06 2587.19 2856.21 3016.24
Interest 1229.5 1629.59 1956.45 218.24 2043.15
Depreciation 22.91 24.07 27.21 29.93 30.14
Profit before Tax And 561.04 551.76 568.14 578.15 589.07
Exceptional items
Exceptional Expenses\ 0 0 0 0 0
income
Profit Before Tax 516.04 515.76 519.87 523.19 546.97
Provision of Tax 169.73 188.3 197.32 205.14 238.18
Profit After tax 346.31 363.46 389.89 412.14 438.18
Adjusted to Profit after 0 0 0 0 0
Tax
Profit B\F 202.26 249.78 296.12 313.78 335.62
Appropriations 548.56 623.78 656.13 687.15 697.09
Equity Dividend 20 20 21 22 22.87
Earnings Per share 6.38 4.84 5.57 6.87 7.45
Book Value(Rs) 50.15 51.97 52.18 53.43 54.12
Balance sheet as on from 2017-2021

Particulars Mar-2017 Mar-2018 Mar-2019 Mar-2020 Mar-2021

Sources of Funds
Share Capital 1910 1910 1925 1949 1957
Total Reserve 1646.27 1720.76 1812.6 1889.14 1932.13
Share Holders fund 3556.27 3630.76 3721.01 3898.13 3956.20
Secured loan 6573.62 6945.59 7015.14 7576.43 7994.67
Unsecured loan 289.43 934.13 1056.34 1234.15 1543.34
Total debts 6863.05 7879.72 8231.43 9213.12 9945.87
Total liabilities 10419.32 11510.48 12455.43 13675.43 14566.56
Application of Funds
Loans 0 0 0 0 0
Gross Block 141.19 162.09 189.12 219.13 235.34
Accumulated 49.14 73.84 98.45 102.02 122.31
Depreciation (Less)
Impairment of 0 0 0 0 0
Assets(Less)
Net Block 92.05 88.25 79.87 81.45 83.15
Capital Work in 4.93 1.46 1.18 1.09 1.23
progress
Investments 7261.52 12585.26 13566.35 14577.01 15667.23
Current assets, Loans
and Advances
Investors 0 0 0 0 0
Sundry debtors 0 0 0 0 0
Cash and Bank 22.36 197.69 234.15 356.32 387.24
Other current assets 736.28 693.4 675.33 696.54 723.25
Loans and Advances 7659.96 4310.06 3977.34 4697.54 4875.47
Total current assets 8418.6 5201.15 5436.25 6543.12 7014.01
Current liabilities and
Provisions(Less)
Current liabilities 5327.26 6357.83 7345.13 8243.32 9135.14
Net Current liabilities 3051.8 -1178.31 -1285.01 4012.24 5342.87
Deferred tax Assets\ 9.02 13.83 15.26 16.34 17.67
Liabilities
Total Assets 10419.32 11510.48 12453.34 13566.45 14558.32
Contingent Liabilities 4.17 0 0 0 0
 CHAPTER 2

CONCEPTUAL BACKGROUND AND LITERATURE REVIEW

THEORITICAL BACKGROUND:

INTRODUCTION TO TOPIC:

A STUDY ON TECHNICAL ANALYSIS OF EQUITY SHARES.:

TECHNICAL ANALYSIS:

Technical analysis is a trading discipline employed to evaluate investments and identify trading
opportunities by analyzing statistical trends gathered from trading activity, such as price
movement and volume. Unlike fundamental analysis, which attempts to evaluate a security's
value based on business results such as sales and earnings, technical analysis focuses on the
study of price and volume.

Professional analysts often use technical analysis in conjunction with other forms of research.
Retail traders may make decisions based solely on the price charts of a security and similar
statistics, but practicing equity analysts rarely limit their research to fundamental or technical
analysis alone.

Technical analysis can be applied to any security with historical trading data. This includes
stocks, futures, commodities, fixed-income, currencies, and other securities. In fact, technical
analysis is far more prevalent in commodities and fore markets where traders focus on short-term
price movements.

ASSUMPTIONS OF TECHNICAL ANALYSIS

Three key assumptions on which technical analysis is based are:-

 The future market discounts everything’s: The technician believes that the price at any
given time is the intrinsic value based upon the fundamental factors affecting the supply
and demand of the product.
  Prices move in trends: Prices can move in one of 3 directions up, down or sideways.
Once a trend in any of these directions is in effect, it usually will persist. The market
trend is simply the direction of share market prices, a concept which is absolutely
essential to the success of technical analysis.

 History repeats itself: Technical analysis includes the psychology of the market place.
Patterns of human behaviors have been identified and categorized for several 100 years
and are found to be repetitive in nature. The repetitive nature of the market place is
illustrated by specific chart patterns, from which one can forecast the next move for the
prices.

CHART PATTERN:

A chart pattern is a distinct formation on a stock chart that creates a trading signal, or a sign of
future price movements. Chartists use these patterns to identify current trends and trend reversals
and to trigger buy and sell signals.

There are two types of patterns within this area of technical analysis, reversal and continuation.
A reversal pattern signals that a prior trend will reverse upon completion of the pattern. A
continuation pattern, on the other hand, signals that a trend will continue once the pattern is
complete. These patterns can be found over charts of any time frame.

HEAD AND SHOULDERS:

This is one of the most popular and reliable chart patterns in technical analysis. Head and
shoulders is a reversal chart pattern that when formed, signals that the security is likely to move
against the previous trend. As you can see in Figure 1, there are two versions of the head and
shoulders chart pattern. Head and shoulders top (shown on the left) is a chart pattern that is
formed at the high of an upward movement and signals that the upward trend is about to end.
Head and shoulders bottom, also known as inverse head and shoulders (shown on the right) is the
lesser known of the two, but is used to signal a reversal in a downtrend.
CHART TYPES:

There are four main types of charts that are used by investors and traders depending on the
information that they are seeking and their individual skill levels. The chart types are: the line
chart, the bar chart, the candlestick chart and the point and figure chart.

1) LINE CHART:

The most basic of the four charts is the line chart because it represents only the closing prices
over a set period of time. The line is formed by connecting the closing prices over the time
frame. Line charts do not provide visual information of the trading range for the individual points
such as the high, low and opening prices. However, the closing price is often considered to be the
most important price in stock data compared to the high and low for the day and this is why it is
the only value used in line charts.

2) BAR CHART:

The bar chart expands on the line chart by adding several more key pieces of information to each
data point. The chart is made up of a series of vertical lines that represent each data point. This
vertical line represents the high and low for the trading period, along with the closing price. The
close and open are represented on the vertical line by a horizontal dash.

3) CANDLESTICK CHART:

The candlestick chart is similar to a bar chart, but it differs in the way that it is visually
constructed. Similar to the bar chart, the candlestick also has a thin vertical line showing the
period's trading range. The difference comes in the formation of a wide bar on the vertical line,
which illustrates the difference between the open and close.
INDICATORS OF THE STUDY:

1) Relative Strength Index

2) Rate of Change

1. Relative Strength Index:

RSI is an oscillator used to identify the inherent technical strength and weakness of a
particular scrip or market. RSI can be calculated for scrip by adopting the following formula.

100
RS=100−
1+ RS

Average Gain per Day

RS =
Average Loss per Day

The RSI can be calculated for any number of days depending on the wish of the technical
analyst and the time frame of trading adopted in a particular stock market. RSI is calculated
for 5days, 7days, 9days and 14 days. If the period taken for calculation is more, the
possibility of getting wrong signals is reduced.

The broad rule is, if the RSI crosses seventy there may be downturn and it is time to sell. If
the RSI falls below thirty it is time to pick up the script. If the RSI is rising in the overbought
zone, it would indicate the downfall of the price. If RSI falls in the overbought zone, it gives
a clear signal of sell. This condition occurs after a sharp rise in price during a period of heavy
buying. When the RSI is in the oversold region, it generates the buy signal. The term
oversold is used to describe a security or market that has declined to an unreasonably low
level.
Uses of the Relative Strength Index:

1. Top and Bottom:

usually top above is 70 and bottom below is 30. It usually categorizes these top and bottom
before the underlying price chart.

2. Chart Development:

The Relative Strength Index generally forms chart patterns such as head and shoulders or
triangles that may or may not be visible in the price chart.

3. Failure Swings:

(Also called as support or resistance penetrations or breakouts). This is where the RSI
exceeds a previous high peak (high) or falls below a recent trough (low).

4. Support and Resistance:

The Relative Strength Index display, sometimes more clearly than price them, levels of
support and resistance.
2. RATE OF CHANGE

ROC measures the rate of change between the current price and the price ‘n’ number of days
in the past. ROC helps to find out the overbought and oversold positions in scrip. Closing
prices are used to calculate the ROC. Daily closing prices are used for the daily ROC and
weekly closing prices for weekly ROC. In this study I have used weekly closing prices for
calculation.

The Rate of Change (ROC) indicator is a very simple yet effective momentum
oscillator that measures the percent change in price from one period to the next. The (ROC)
calculation compares the current price with the price n periods ago.

ROC = ((Today’s close – Close n periods ago) / (Close n periods ago)) * 100

The main advantage of ROC is the identification of overbought and oversold region. The
historic high and low values of the ROC should be identified at first to locate the overbought
and oversold region. If the scrip’s ROC reaches the historic high values, the scrip is in the
overbought region. If the scrip’s ROC reaches the historic low value, the scrip is in the
oversold region.
OVERVIEW OF SELECTED SECTORS:

1. INFORMATON TECHNOLOGY:

Information technology sector in India is a broad industry which consists of Information

Technology service, outsourcing and consulting. In 2020 Information Technology industry
covered 8% of India’s GDP.

IT industry domestic revenue is estimated at US$ 45 billion and export revenue is estimating of
US$ 150 billion in FY 2021. The IT industry overall employees 4.5 million people reach in
March 2021. Indian IT sector has the excessive employee wearing away rate.

In Mumbai 1967, Indian IT sector was intimate with the setting up of Tata Consulting Services.

Infosys, TCS, Wipro, Tech Mahindra and HCL Technologies are the top 5 IT service providers.

Bangalore is global technology centre of activity.

In FY 2016-17 Bangalore regard as 38% of Total IT exports from India wealth $ 45 billion. 40
lakh employees work in a IT industry [10 directly and 30 lakh indirectly].

India is the leading documenting destination to the other side of the world, regard as for around
55% market price share of the US$ 200-250 billion global service documenting in 2019-20.

India’s ranking makes better 4 places to 46th position in the 2021 program of the global
innovation Index GTI).

Software technology part of India STPI) told that software export by the Indian IT companies
connect to GDP. Be found Rs.1.20 lakh crore [US$ 16.29 billion] in the first quarter of 2022.
The National Associate of Software and Services Companies (Nasscom) told that the Indian IT
sector expected to reach revenue US$ 227 billion in FY 2022 from US$196 billion in FY 2021.
A single year FY 2022 4.5 lakh people joined Indian IT sector moreover 44% women employees
join in there.
Google announced about plans to invest US$ 1 billion for India’s digital ecosystem by India’s
Bharathi Airtel ltd in January 2022.

Wipro invest US$ 1billion in July 2021 next 3 years to increase in size its cloud technology
capabilities the whole time investment and collaborations.

2. BANKING SECTOR :

The banking sector has been participate is min role from last couple of years, lunch uo huge
golden opportunities for wealth creation on the way.

According to Reserve Bank of India (RBI), India’s banking sector in enough capitalized and well
managed. The Indian Banking System be composed of 12 public sector banks, 22 private sector
banks, 56 regional rural banks, 1485 rural co-operative banks, 46 foreign banks as of September
2021.

The present 213,145 ATMs work in India out of which 47.5% are in rural areas and urban areas.
The Bank assets across sectors increased in FY 18-21, public and private sector both are total
assets across the banking sector increased to US$ 2.48% trillion in FY 21.

In January 2022, UPI (Unified Payments Interface) recorded 4.62 billion business capital Rs.
8.32 trillion (US$ 118.8 billion).
LITERATURE REVIEW:

1. Valarmathi A, Kowsalya P (2016): ‘A study on the technical analysis of NSE towards it

stock with reference of Indian stock market.’ The main purpose of the research is to analysis the
price fluctuation is the IT stock and their main focus on intraday trading for that to analysis the
demand and supply of the raise of the stock for trading perceptive and to identify the trend and
trend reversal in the early stage. In this article there using a technical indicators are moving
average and relative strength index and based on the chart pattern.

2. Subrata kumar Mitra (2010): ‘How reward to technical analysis in the Indian stock market.’
This paper about profitability of moving average used trading in the Indian stock market use four
stocks. This article says technical trading rules are really helps to know the direction and trend
reversal of the stock market movement it give positive return both in long and short positive, and
also technical traders have to pay attention to minimize transaction which doing a trading.

3. C.Boobalan (2014): ‘Technical analysis in select stocks of Indian company’. In this paper
research about the technical analysis on IT sectors stocks to forecasting future financial price
moment based on using of past price moment the main motive or reason of the research is to
study the related of technical analysis in Indian capital market. It selected stock and to interpret
on where the buy or sell and find out the risk and return of selected stocks using technical
indicators on basis of the knowledge of technical analysis predict the perfect decision of the
stock market

4. Thangiam Ravichandra (2015): ‘Technical analysis of equity shares.’ This paper main
focuses on Investors to choose a right portfolio at the perfect time. The technical analysis helps
to understand the market mechanism and price movement and right for the indicators of RSI,
ROC and Moving average method helps to calculate the trend that particular share. The result of
the study is giving positive trend during the year advice to hold for the future.
5. Rahul Chauhan, Neel Rajpurohit: ‘Research study on Technical analysis of selected Indian
private and public banks.’ In this paper focus on technical analysis is out of advanced the
securities became the investors should have a clear knowledge about the price movement of a
particular stock. In a market the half knowledge is very dangerous. The technical analysis mainly
focuses on short term gain.

6. Varshini venu, Dr Bhavya Vikas and Charithra C M (2019): main purpose of research is to
know the ability to forecast the future direction of stock by the historical data, price movement
patterns, price and volume, Correlation. These are widely used by traders and very much useful
tool for the analysis of share price behavior. This approach is to invest essentially a reflection of
the idea the price moves determine the attitude of the investors towards economic monitory
forces. Sometimes the stocks can be up and down and there will be difficult to decide when to in
and exiting the shares.

7. MohdNaved, PrabhatSrivastava (2015): the paper aim to examine the profitability of

oscillators used in technical analysis for financial market the most commonly used oscillators are
like stochastic oscillator, RSI oscillator and commodity channel index. The result clearly tells
that CCI outperform the remaining two oscillators in terms of profitability for S & P CNX
NIFTY 50 index. The conducted test result says that stochastic, RSI and CCI almost give the
same profit with CCI marginally giving high profit. It clearly depends on the indicator choose
and used.

8. Suresh A S (2013): the main motive is to know the nature of capital market instrument forces
investors to depend on the fundamental factors for their investment decision. The industrial and
business sector which can turn a part of overall economy so that economic and industry factors
can affect the investment decision. And it is used to selection of an investment and it helps to
examine the economic environment and industry performance and capital performance before
investment decision.

9. AsifUllah Khan and Dr.Bhupesh (2011): Selections of stocks that are suitable for
investment are always risky. The main aim of every investor is to identify a stock that has
potentially high so that the investor can maximize possible returns on investment and minimize
the risk. There are many conventional techniques being used for the selection of stocks and these
include technical analysis and fundamental analysis. The main issue with any approach is the
proper weighting of criteria to obtain a list of stocks that are suitable for investments with
maximum return.

10. Sudheer V (2012): The technical analysis is study of forecasting the price of securities for
the future with the help of historical data for analysis. The main objective of technical analysis is
to produce incomes by letting person decide when to enter and exit the security market. And also
get the maximum return on their investment. When bottom line represent buying signal and high
(peak) line represent selling, and considerable amount of profit.

11. Varathan N &Tamilenthi, 2012: the paper mainly concerned about the analysis of historical
present and future price of market condition through technical analysis. It gives the clear picture
about the future gain and losses effect closer to make control on the trading activities; with the
data investor can easily understand the present situation. The main aim is reduce the risk in long
term investments which can make more profit and return on investment.

12. Archana Mishra (2012): It would be depend on both fundamental and technical analysis
which indicates the trading and other one indicate the technique adapted to analysis of their
trading stocks. It has used diverse method of techniques to measure the value in this research
paper. The value which helps to know the stage that company in. the value defers to know the
futuristic value of the business.

13. Hemalatha, 2013: the study is conducted about the equity holding in Cannara bank. To
know the price movement in market like increase and decreases in the movement .they were used
future analysis trend which may collect data from secondary information. The research analysis
is the price movement of company and compare between the market price in future to know the
business performance.

14. Dr. Ayyappan&Mr. Sakthivadivel, 2012: The study is on the private investment sector are
increasing their service area and product into different part of country and there are actual
competition to public sector bank. The study analyzed that development and movement of
certain financial parameter of public and private bank sector. Banks are mainly concentrating on
the trend and growth and financial parameters and compound growth rate.
15. Matthew C. Roberts 2010: It research that supports the usefulness of technical analysis and
the stock market the spread across the Indian markets. They are mechanically generated from
simple arithmetic operators; they are free of the data snooping bias common in technical analysis
research. It may capable of strong and weak significant analysis of market through the economic
analysis of investor. This helps to make the week to strong with the help of changing’s in the
work.
 CHAPTER 3

RESEARCH DESIGN
STATEMENT OF PROBLEM:

When the share market full of unsettled, it is difficult to analyze the data and sometimes indices
can’t work because of some good or bad news in the share market. Depending on single indicator

may vary the expected results.

NEED FOR THE STUDY:

 It helps to awareness the price movement.

 It is short term in nature and it is used to forecast the future price, generally used in
trading and investment.

OBJECTIVE OF THE STUDY:

 To determine the trend of the stock prices using technical analysis.

 To analyze & predict future price movements of chosen equity shares.
 To predict investor positions (buy, sell, hold) based on historical price trends.

SCOPE OF THE STUDY:

 It is used to forecast price movements, as well as provide methods of entry and exits from
trades.
 It is widely used by forex, equity, and commodity traders, to determine the short term as
well as the long term trends of the market.
RESEARCH METHODOLOGY:

Data Collection Method

I. Primary Data: Primary data is collected through discussion with company team leader
and employees of the company.
II. Secondary Data: To carry out this project secondary data is collected which is the
closing market price, Annual Ratios, Articles.

Statistical Tools used used:

Karl-Pearson’s co-relation:

To calculation the magnitude of linear relationship between two variables Karl Pearson
(biometrician and statistician) gave a quantitative technique. This technique is known as
Pearsonion Coefficient of Correlation (r) and is extensively used in practice.

Properties of Karl Pearson’s Coefficient of Correlation:

A. Ideal measure of correlation and is independent of the units of the variables.

B. Free from change of origin and scale.
C. Based on all observations.
D. Lies between-1 and +1 and when:
I. r = -1, shows a perfect negative correlation between variables.
II. r = 0, then there is no correlation between variables.
III. r = +1, shows a perfect positive correlation between variables.

The Karl Pearson coefficient of correlation formula is expressed as,

rkpc=
∑ dxdy
√ ∑ (dx)2 ∑ (dy )2
HYPOTHESIS:
The study includes the calculation of Null Hypothesis and Alternative Hypothesis
by comparing age group of the respondents and preference of the appraisal system.

Null Hypothesis is used for testing. It is a statement that no different exists

between the parameter and statistics being compared to it.

The Alternative Hypothesis is the logical opposite of the Null Hypothesis.

LIMITATIONS OF THE STUDY

a) This study covers only aspects involving to stocks intraday closing price.
b) The study is limits due to the time constraints.
 CHAPTER 4

ANALYSIS AND INTERPRETATION

DATA ANALYSIS AND INTERPRETATION:

Relative Strength Index (RSI):

100
RSI=100−
1+ RS

Average gain per day

RS=
Average loss per day

To identify the tops and bottoms in the making,

 One very important use of the RSI is that it foretells a rise or fall in scrip.
 Whenever the RSI goes above 70, it is better to prepare for a downturn. (sell)
 Whenever the RSI goes below 30, it is better to prepare for an upturn. (buy)
 However the RSI goes above 70 or 30 much before the scrip makes the top or bottom. i.e.
RSI gives an early warning of the top or bottom.
 Once this top or bottom reached, one can expect a significant reaction in the scrip.

RATE OF CHANGE:

Today ’ s close – Close n periods ago

ROC= *100
Close n periods ago

Method to calculate ROC:

Method I

Take the current closing price and express this price as a % of the price 7, 9, 14 in the past.
Suppose the price on any day is Rs.12 and the price 7, 9, 14 days ago was Rs.10, the ROC is
obtained by:-

12/ 10 × 100 = 120%

Method II

In this method, the percentage (%) variation between the current price and the price 7, 9, 14 days
in the past is calculated.

12 / 10 ×100 – 100 = 20%.

ROC may be positive or negative.

Interpretation:

 The major use of this oscillator is to identify the overbought and oversold zones.
 To identify the overbought zones look at the historic high values on the ROC chart for the
scrip that is being studied.
 If the current value is near the historic high price, the scrip is said to be in overbought
zone and vice versa.
 Technically one should buy scrip that is oversold and sell scrip that is overbought.
INFORMATION TECHNOLOGY SECTOR:

INFOSYS LIMITED:

Relative Strength Index of INFY (For 7 days):

Closing
Date price Change Gain Loss Avg Gain Avg Loss RS RSI
28/03/2022 1873.9
29/03/2022 1886 12.1 12.1 0
30/03/2022 1903.95 17.95 17.95 0
31/03/2022 1906.85 2.9 2.9 0
01/04/2022 1903.55 -3.3 0 3.3
04/04/2022 1882.95 -20.6 0 20.6
05/04/2022 1861.1 -21.85 0 21.85
06/04/2022 1828.85 -32.25 0 32.25 4.707143 11.14286 0.422436 29.69806
07/04/2022 1811 -17.85 0 17.85 2.978571 13.69286 0.217527 17.86632
08/04/2022 1814.6 3.6 3.6 0 0.928571 13.69286 0.067814 6.350757
11/04/2022 1766.55 -48.05 0 48.05 0.514286 20.55714 0.025017 2.440678
12/04/2022 1742.45 -24.1 0 24.1 0.514286 23.52857 0.021858 2.139037
13/04/2022 1748.55 6.1 6.1 0 1.385714 20.58571 0.067314 6.306892
18/04/2022 1621.4 -127.15 0 127.15 1.385714 35.62857 0.038893 3.743728
19/04/2022 1562 -59.4 0 59.4 1.385714 39.50714 0.035075 3.388646
20/04/2022 1587.7 25.7 25.7 0 5.057143 36.95714 0.136838 12.03672
21/04/2022 1618.8 31.1 31.1 0 8.985714 36.95714 0.243139 19.55846
22/04/2022 1585.45 -33.35 0 33.35 8.985714 34.85714 0.257787 20.49528
25/04/2022 1561.1 -24.35 0 24.35 8.985714 34.89286 0.257523 20.47859
26/04/2022 1581 19.9 19.9 0 10.95714 34.89286 0.314023 23.8978
27/04/2022 1552.8 -28.2 0 28.2 10.95714 20.75714 0.527873 34.54955
28/04/2022 1582.6 29.8 29.8 0 15.21429 12.27143 1.239814 55.35343
29/04/2022 1567.55 -15.05 0 15.05 11.54286 14.42143 0.800396 44.45667
02/05/2022 1541 -26.55 0 26.55 7.1 18.21429 0.389804 28.0474
04/05/2022 1535.55 -5.45 0 5.45 7.1 14.22857 0.498996 33.28868
05/05/2022 1585.15 49.6 49.6 0 14.18571 10.75 1.319601 56.88914
06/05/2022 1542.82 -42.33 0 42.33 11.34286 16.79714 0.675285 40.30866

RSI
60

50

40

30 RSI

20

10

0
22 22 22 022 022 022 022 0 22 0 22 022 022 0 22 022 022
20 20 20 2 2 /2 /2 /2 /2 /2 /2 /2 /2 /2
3/ 3/ 4 / 4/ 4/ /4 04 04 04 04 04 04 /5 /5
/0 /0 1/ 5/ 7/ 1 / / / / / / 4 6
28 30 1 13 19 21 25 27 29

Interpretation:

 In the above chart RSI is calculated for 7 days.

 The market rule is, if RSI goes above 70 there may be downturn market, it shows better
time to sell the shares. And in case RSI line cross bellow 30 it is time to buy the market
shares
  During 14th and 18th the RSI crosses 70 its clearly shoes that best time to sell stock.
 During April 18th the RSI crosses 30 so it small signal shows time to buy shares.

Rate of Change of INFY (For 7 Days):

DATE CLOSING PRICE ROC

28/03/2022
1873.9
29/03/2022
1886
30/03/2022
1903.95
31/03/2022
1906.85
01/04/2022
1903.55
04/04/2022
1882.95
05/04/2022
1861.1 -1%
06/04/2022
1828.85 -3%
07/04/2022
1811 -5%
08/04/2022
1814.6 -5%
11/04/2022
1766.55 -7%
12/04/2022
1742.45 -7%
13/04/2022
1748.55 -6%
18/04/2022
1621.4 -11%
19/04/2022
1562 -14%
20/04/2022
1587.7 -13%
21/04/2022
1618.8 -8%
22/04/2022
1585.45 -9%
25/04/2022
1561.1 -11%
26/04/2022
1581 -2%
27/04/2022
1552.8 -1%
28/04/2022
1582.6 0%
29/04/2022
1567.55 -3%
02/05/2022
1541 -3%
04/05/2022
1535.55 -2%
05/05/2022
1585.15 0%
06/05/2022
1542.82 -1%

ROC
0
2 2 2 2 2 2 2 2 2 2 2 2 2 2
-0.02202 202 202 202 202 202 202 202 202 202 202 202 202 202
3 / 3/ 4 / 4 / 4 / 4 / 4/ 4 / 4/ 4 / 4 / 4/ 5 / 5 /
/0 0/0 1/ 5/ 7/ 11/ 3/0 9/0 1/0 5/0 7/0 9/0 4/ 6/
-0.04
8
2 3 1 1 2 2 2 2
-0.06 ROC
-0.08

-0.1

-0.12

-0.14

-0.16

Interpretation:

 The blue line is rate of change and dot line is 0.

 ROC is identification of overbought and over sold region. The blue line is the rate of
change for period of 7 days.
 If the Currency ROC reaches the historic high values, the currency is in overbought about
and in oversold around if it reaches historic low value.
 Here in above the chart the currency is in overbought region during March 14 th and 19th it
is in over sold region.
TATA CUNSULTANCY SERVICE:

Relative Strength Index of TCS (For 7 days):

Closing
Date price Change Gain Loss Avg Gain Avg Loss RS RSI
28/03/2022 3707.7
29/03/2022 3705.35 -2.35 0 2.35
30/03/2022 3731.55 26.2 26.2 0
31/03/2022 3739.95 8.4 8.4 0
01/04/2022 3758.75 18.8 18.8 0
04/04/2022 3770.35 11.6 11.6 0
05/04/2022 3814.8 44.45 44.45 0
06/04/2022 3755.35 -59.45 0 59.45 15.63571 8.828571 1.771036 63.91241
07/04/2022 3684.15 -71.2 0 71.2 15.63571 18.66429 0.837734 45.58517
08/04/2022 3685.65 1.5 1.5 0 12.10714 18.66429 0.64868 39.3454
11/04/2022 3696.4 10.75 10.75 0 12.44286 18.66429 0.666667 40
12/04/2022 3691.1 -5.3 0 5.3 9.757143 19.42143 0.502391 33.43941
13/04/2022 3661.95 -29.15 0 29.15 8.1 23.58571 0.343428 25.56357
18/04/2022 3528.05 -133.9 0 133.9 1.75 42.71429 0.04097 3.935743
19/04/2022 3471.9 -56.15 0 56.15 1.75 42.24286 0.041427 3.977918
20/04/2022 3556.8 84.9 84.9 0 13.87857 32.07143 0.432739 30.20364
21/04/2022 3628.65 71.85 71.85 0 23.92857 32.07143 0.746102 42.72959
22/04/2022 3612.55 -16.1 0 16.1 22.39286 34.37143 0.651496 39.44885
25/04/2022 3548.2 -64.35 0 64.35 22.39286 42.80714 0.52311 34.34487
26/04/2022 3546.3 -1.9 0 1.9 22.39286 38.91429 0.575441 36.52569
27/04/2022 3561.2 14.9 14.9 0 24.52143 19.78571 1.23935 55.34419
28/04/2022 3584.3 23.1 23.1 0 27.82143 11.76429 2.364906 70.28149
29/04/2022 3546.7 -37.6 0 37.6 15.69286 17.13571 0.915798 47.80244
02/05/2022 3542.4 -4.3 0 4.3 5.428571 17.75 0.305835 23.42065
04/05/2022 3479.75 -62.65 0 62.65 5.428571 24.4 0.222482 18.19923
05/05/2022 3513.4 33.65 33.65 0 10.23571 15.20714 0.673086 40.23021
06/05/2022 3432.6 -80.8 0 80.8 10.23571 26.47857 0.386566 27.87938

RSI
80
70
60
50
40 RSI
30
20
10
0
22 2 2 22 22 22 22 22 22 2 2 22 2 2 2 2 22 22
/20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20
3 3 4 4 4 4 4 4 4 4 4 4 5 5
/0 /0 1/ 5/ 7/ 11/ 3/0 9/0 1/0 5/0 7/0 9/0 4/ 6/
28 3 0 1 1 2 2 2 2

Interpretation:

 In the above chart RSI is calculated for 7 days.

 The market rule is, if RSI goes above 70 there may be downturn market, it shows better
time to sell the shares. And in case RSI line cross bellow 30 it is time to buy the market
shares
 During April 5th the RSI crosses 70 its clearly shoes that best time to sell stock.
 During April 18th and May 16th the RSI crosses 30 so it small signal shows time to buy
shares.
Date Closing Price ROC
28/03/202
2 3707.7
29/03/202
2 3705.35
30/03/202
2 3731.55 Rate of Change of TCS (For 7 Days)
31/03/202
2 3739.95
01/04/202
2 3758.75
04/04/202
2 3770.35 Interpretation:
05/04/202
2 3814.8
 The blue line is rate of change and dot line is
3%
06/04/202 0.

2 3755.35  ROC is identification of overbought and

1%
07/04/202 over sold region. The blue line is the rate of
2 3684.15 change for period of 7 days.
-1%
08/04/202  If the Currency ROC reaches the historic
2 3685.65 high values, the currency is in overbought
-1%
11/04/202 about and in oversold around if it reaches
2 3696.4 historic low value.
-2%
12/04/202  Here in above the chart the currency is in
2 3691.1 overbought region during March 7th, 17th and
-2%
13/04/202 April 18th, 19th it is in over sold region.
2 3661.95
-4%
18/04/202
2 3528.05
-6%
19/04/202
2 3471.9
-6%
20/04/202
2 3556.8
-3%
21/04/202
2 3628.65
-2%
22/04/202
2 3612.55
-2%
25/04/202
2 3548.2
BANKING SECTOR:

HDFC BANK :

Relative Strength Index of HDFC BANK (For 7 days):

Closing
Date price Change Gain Loss Avg Gain Avg Loss RS RSI
28/03/2022 2268.25
29/03/2022 2337.35 69.1 69.1 0
30/03/2022 2385.45 48.1 48.1 0
31/03/2022 2390.4 4.95 4.95 0
01/04/2022 2452.3 61.9 61.9 0
04/04/2022 2680.05 227.75 227.75 0
05/04/2022 2623.7 -56.35 0 56.35
06/04/2022 2536.05 -87.65 0 87.65 58.82857 20.57143 2.859722 74.0914
07/04/2022 2462.7 -73.35 0 73.35 48.95714 31.05 1.57672 61.19097
08/04/2022 2458.25 -4.45 0 4.45 42.08571 31.68571 1.328224 57.0488
11/04/2022 2424.7 -33.55 0 33.55 41.37857 36.47857 1.134325 53.14679
12/04/2022 2425.7 1 1 0 32.67857 36.47857 0.895829 47.25263
13/04/2022 2378.5 -47.2 0 47.2 0.142857 43.22143 0.003305 0.329435
18/04/2022 2263.5 -115 0 115 0.142857 51.6 0.002769 0.276091
19/04/2022 2140.2 -123.3 0 123.3 0.142857 56.69286 0.00252 0.251351
20/04/2022 2180.2 40 40 0 5.857143 46.21429 0.126739 11.24829
21/04/2022 2230.65 50.45 50.45 0 13.06429 45.57857 0.286632 22.27771
22/04/2022 2206.4 -24.25 0 24.25 13.06429 44.25 0.295238 22.79412
25/04/2022 2210.5 4.1 4.1 0 13.50714 44.25 0.305246 23.3861
26/04/2022 2230.2 19.7 19.7 0 16.32143 37.50714 0.435155 30.32113
27/04/2022 2218.7 -11.5 0 11.5 16.32143 22.72143 0.718328 41.80388
28/04/2022 2224 5.3 5.3 0 17.07857 5.107143 3.344056 76.98004
29/04/2022 2229.7 5.7 5.7 0 12.17857 5.107143 2.384615 70.45455
02/05/2022 2264 34.3 34.3 0 9.871429 5.107143 1.932867 65.90367
04/05/2022 2206.95 -57.05 0 57.05 9.871429 9.792857 1.008023 50.19978
05/05/2022 2215.4 8.45 8.45 0 10.49286 9.792857 1.071481 51.72535
06/05/2022 2150.65 -64.75 0 64.75 7.678571 19.04286 0.403226 28.73563

RSI
90
80
70
60
50
40 RSI
30
20
10
0
22 2 2 22 22 22 22 22 22 2 2 22 2 2 2 2 22 22
/20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20
3 3 4 4 4 4 4 4 4 4 4 4 5 5
/0 /0 1/ 5/ 7/ 11/ 3/0 9/0 1/0 5/0 7/0 9/0 4/ 6/
28 3 0 1 1 2 2 2 2

Interpretation:

 In the above chart RSI is calculated for 7 days.

 The market rule is, if RSI goes above 70 there may be downturn market, it shows better
time to sell the shares. And in case RSI line cross bellow 30 it is time to buy the market
shares.
 During April 4th the RSI crosses 70 its clearly shoes that best time to sell stock.
 During April 19th, May 6th the RSI crosses 30 so it small signal shows time to buy shares.
Rate of Change of HDFC BANK (For 7 Days):

Date Closing price ROC

28/03/2022 2268.25
29/03/2022 2337.35
30/03/2022 2385.45
31/03/2022 2390.4
1/4/2022 2452.3
4/4/2022 2680.05
5/4/2022 2623.7 16%
6/4/2022 2536.05 9%
7/4/2022 2462.7 3%
8/4/2022 2458.25 3%
11/4/2022 2424.7 -1%
12/4/2022 2425.7 -9%
13/04/2022 2378.5 -9%
18/04/2022 2263.5 -11%
19/04/2022 2140.2 -13%
20/04/2022 2180.2 -11%
21/04/2022 2230.65 -8%
22/04/2022 2206.4 -9%
25/04/2022 2210.5 -7%
26/04/2022 2230.2 -1%
27/04/2022 2218.7 4%
28/04/2022 2224 2%
29/04/2022 2229.7 0%
2/5/2022 2264 3%
4/5/2022 2206.95 0%
5/5/2022 2215.4 -1%
6/5/2022 2150.65 -3%
Interpretation:

 The blue line is rate of change and dot line is 0.

 ROC is identification of overbought and over sold region. The blue line is the rate of
change for period of 7 days.
 If the Currency ROC reaches the historic high values, the currency is in overbought about
and in oversold around if it reaches historic low value.
 Here in above the chart the currency is in overbought region during April 5 th, 6th and
May second week it is in over sold region.

STATE BANK OF INDIA:

Relative Strength Index of SBI (For 7 days):

Closing
Date price Change Gain Loss Avg Gain Avg Loss RS RSI
28/03/2022 497.5
29/03/2022 495.5 -2 0 2
30/03/2022 494.3 -1.2 0 1.2
31/03/2022 493.55 -0.75 0 0.75
01/04/2022 508.2 14.65 14.65 0
04/04/2022 512.4 4.2 4.2 0
05/04/2022 509.4 -3 0 3
06/04/2022 513.95 4.55 4.55 0 3.342857 0.992857 3.366906 77.10049
07/04/2022 514.95 1 1 0 3.485714 0.707143 4.929293 83.13458
08/04/2022 516.1 1.15 1.15 0 3.65 0.535714 6.813333 87.20137
11/04/2022 514.9 -1.2 0 1.2 3.65 0.6 6.083333 85.88235
12/04/2022 512.85 -2.05 0 2.05 1.557143 0.892857 1.744 63.55685
13/04/2022 517.7 4.85 4.85 0 1.65 0.892857 1.848 64.88764
18/04/2022 509.5 -8.2 0 8.2 1.65 1.635714 1.008734 50.21739
19/04/2022 511.8 2.3 2.3 0 1.328571 1.635714 0.812227 44.81928
20/04/2022 509.3 -2.5 0 2.5 1.185714 1.992857 0.594982 37.30337
21/04/2022 516.3 7 7 0 2.021429 1.992857 1.014337 50.35587
22/04/2022 500.6 -15.7 0 15.7 2.021429 4.064286 0.497364 33.21596
25/04/2022 494.75 -5.85 0 5.85 2.021429 4.607143 0.43876 30.49569
26/04/2022 505.5 10.75 10.75 0 2.864286 4.607143 0.621705 38.33652
27/04/2022 497.25 -8.25 0 8.25 2.864286 4.614286 0.620743 38.2999
28/04/2022 507.5 10.25 10.25 0 4 4.614286 0.866873 46.43449
29/04/2022 496.3 -11.2 0 11.2 4 5.857143 0.682927 40.57971
02/05/2022 491 -5.3 0 5.3 3 6.614286 0.453564 31.20357
04/05/2022 479.65 -11.35 0 11.35 3 5.992857 0.500596 33.35981
05/05/2022 480 0.35 0.35 0 3.05 5.157143 0.591413 37.16275
06/05/2022 483.95 3.95 3.95 0 2.078571 5.157143 0.403047 28.72655
 RSI
100
90
80
70
60
50 RSI
40
30
20
10
0
22 2 2 22 22 22 22 22 22 2 2 22 2 2 2 2 22 22
/20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20 /20
3 3 4 4 4 4 4 4 4 4 4 4 5 5
8 /0 0/0 1/ 5/ 7/ 11/ 3/0 9/0 1/0 5/0 7/0 9/0 4/ 6/
2 3 1 1 2 2 2 2

Interpretation:

 In the above chart RSI is calculated for 7 days.

 The market rule is, if RSI goes above 70 there may be downturn market, it shows better
time to sell the shares. And in case RSI line cross bellow 30 it is time to buy the market
shares.
 During April 6th, 8th, 13th the RSI crosses the 70 it is shows better to sell the stocks
 During March 10th, 11th and may 15th the RSI crosses 30 so it is time to buy the shares.

Rate of Change of SBI (For 7 Days):

Date Closing price ROC

28/03/2022 497.5

29/03/2022 495.5

30/03/2022 494.3

31/03/2022 493.55

01/04/2022 508.2

04/04/2022 512.4
05/04/2022 509.4 2%
06/04/2022 513.95 4%
07/04/2022 514.95 4%
08/04/2022 516.1 5%
11/04/2022 514.9 1%
12/04/2022 512.85 0%
13/04/2022 517.7 2%
18/04/2022 509.5 -1%
19/04/2022 511.8 -1%
20/04/2022 509.3 -1%
21/04/2022 516.3 0%
22/04/2022 500.6 -2%
25/04/2022 494.75 -4%
26/04/2022 505.5 -1%
27/04/2022 497.25 -3%
28/04/2022 507.5 0%
29/04/2022 496.3 -4%
02/05/2022 491 -2%
04/05/2022 479.65 -3%
05/05/2022 480 -5%
06/05/2022 483.95 -3%
 ROC
0.06

0.04

0.02
ROC
0
2 2 2 2 2 2 2 2 2 2 2 2 2 2
2 02 202 2 02 202 2 02 202 202 202 202 202 202 202 2 02 202
-0.02 3 / 3/ 4 / 4 / 4 / 4 / 4/ 4 / 4/ 4 / 4 / 4/ 5 / 5 /
8 /0 0/0 1/ 5/ 7/ 11/ 3/0 9/0 1/0 5/0 7/0 9/0 4/ 6/
2 3 1 1 2 2 2 2
-0.04

-0.06

Interpretation:

 The blue line is rate of change and dot line is 0.

 ROC is identification of overbought and over sold region. The blue line is the rate of
change for period of 7 days.
 If the Currency ROC reaches the historic high values, the currency is in overbought about
and in oversold around if it reaches historic low value.
 Here in above the chart the currency is in overbought region during March 18 th and
March 6th it is in over sold region.

HYPOTHESIS TESTING:

H0: There is no significant relationship between market return(y) and index return(x).
 H1: There is a significant relationship between market return(y) and index return(x).

1. INFY:

Table: 4.1

x y xy X2 Y2
0.005998142 0.004176014 2.50483E-05 3.59777E-05 1.74391E-05
0.009982511 0.016559946 0.00016531 9.96505E-05 0.000274232
-0.001914477 -0.001321676 2.53032E-06 3.66522E-06 1.74683E-06
0.01177801 -0.005004858 -5.89473E-05 0.000138722 2.50486E-05
0.021671774 -0.005330884 -0.00011553 0.000469666 2.84183E-05
-0.005317558 -0.007036274 3.74158E-05 2.82764E-05 4.95092E-05
-0.008339181 -0.018853607 0.000157224 6.95419E-05 0.000355458
-0.009439763 -0.010729964 0.000101288 8.91091E-05 0.000115132
0.008208826 0.002940075 2.41346E-05 6.73848E-05 8.64404E-06
-0.006151476 -0.025526729 0.000157027 3.78407E-05 0.000651614
-0.008183899 -0.019001532 0.000155507 6.69762E-05 0.000361058
-0.003117459 0.003342158 -1.0419E-05 9.71855E-06 1.117E-05
-0.017281188 -0.069407799 0.001199449 0.000298639 0.004817443
-0.012519179 -0.022294796 0.000279113 0.00015673 0.000497058
0.010490222 -0.003585605 -3.76138E-05 0.000110045 1.28566E-05
0.014941747 0.020094824 0.000300252 0.000223256 0.000403802
-0.01268643 -0.01209912 0.000153495 0.000160946 0.000146389
-0.012695122 -0.021875998 0.000277718 0.000161166 0.000478559
0.014560029 0.01365485 0.000198815 0.000211994 0.000186455
-0.009441421 -0.016149924 0.000152478 8.91404E-05 0.00026082
0.012128486 0.015753543 0.000191067 0.0001471 0.000248174
-0.008263241 -0.003003212 2.48163E-05 6.82811E-05 9.01928E-06
-0.001955849 -0.02451027 4.79384E-05 3.82534E-06 0.000600753
-0.022936183 0.006481433 -0.000148659 0.000526068 4.2009E-05
0.000302801 0.021211593 6.4229E-06 9.16887E-08 0.000449932
-0.016268399 -0.023705765 0.000385655 0.000264661 0.000561963
-0.0464 -0.1852
0.0036 0.0035 0.0106

r xy =n ∑ xy −¿ ¿ ¿

26 ( 0.0036 ) −(−0.0464 )(−0.1822)

r xy =
√ [ 26 ( 0.0035 )−(−0.0464) ]∗√¿ ¿ ¿
2
 0.0936−0.0845
r xy =
√ [ 0.091−0.0214 ]∗√ [ 0.2756−0.0342 ]
0.091
r xy =
√ 0.0696∗√0.2414
0.091
r xy =
0.2638∗0.4913

0.091
r xy =
0.1296

r xy =0.7022

Conclusion: The Karl Pearson’s co-efficient of correlation was found to be positive i e, 0.7022.
This shown that there is a relationship exists between market return(y) and index return(x),
Hence null hypothesis is rejected and alternative hypothesis is accepted.

2. TCS:

Table: 4.2

2 2
X Y XY X Y

0.005998 0.004667 2.79924E-05 3.59777E-05 2.17794E-05

0.009983 0.004386 4.37853E-05 9.96505E-05 1.92388E-05
-0.00191 0.005396 -1.03299E-05 3.66522E-06 2.91135E-05
0.011778 0.001053 1.23965E-05 0.000138722 1.10778E-06
0.021672 0.005281 0.000114449 0.000469666 2.78894E-05
-0.00532 0.012179 -6.47622E-05 2.82764E-05 0.000148326
-0.00834 -0.0134 0.000111778 6.95419E-05 0.000179667
-0.00944 -0.01507 0.000142226 8.91091E-05 0.000227006
0.008209 -0.00753 -6.18334E-05 6.73848E-05 5.67394E-05
-0.00615 0.003557 -2.18803E-05 3.78407E-05 1.26517E-05
-0.00818 0.004317 -3.53265E-05 6.69762E-05 1.86329E-05
-0.00312 -0.00885 2.75885E-05 9.71855E-06 7.83168E-05
-0.01728 -0.03397 0.000586993 0.000298639 0.001153767
-0.01252 -0.01134 0.000141921 0.00015673 0.000128512
0.01049 0.010888 0.000114215 0.000110045 0.000118542
0.014942 0.020438 0.000305387 0.000223256 0.000417732
-0.01269 -0.00474 6.01857E-05 0.000160946 2.25065E-05
-0.0127 -0.01229 0.00015599 0.000161166 0.000150981
0.01456 -0.002 -2.9179E-05 0.000211994 4.01621E-06
 -0.00944 -0.00289 2.72819E-05 8.91404E-05 8.34976E-06
0.012128 0.009496 0.000115173 0.0001471 9.01754E-05
-0.00826 0.000769 -6.35806E-06 6.82811E-05 5.92037E-07
-0.00196 -0.01562 3.05507E-05 3.82534E-06 0.00024399
-0.02294 -0.00272 6.22765E-05 0.000526068 7.37235E-06
0.000303 -7.1E-05 -2.15588E-08 9.16887E-08 5.06911E-09
-0.01627 -0.01896 0.0003084 0.000264661 0.000359369
-0.0464 -0.0670
0.0021 0.0035 0.0035

r xy =n ∑ xy −¿ ¿ ¿

26(0.0021)−(−0.0464)(−0.0670)
r xy =
√¿¿ ¿

0.0546−0.0311
r xy =
√ [ 0.091−(0.0215) ]∗√ [0.091−(0.0449)]
0.0235
r xy=
√ 0.0695∗√ 0.0461
0.0235
r xy =
0.2636∗0.2147

0.0235
r xy =
0.0565

r xy =0.4159

Conclusion: The Karl Pearson’s co-efficient of correlation was found to be positive i e, 0.4159.
This shown that there is a relationship exists between market return(y) and index return(x),
Hence null hypothesis is rejected and alternative hypothesis is accepted.

3. HDFC:
Table: 4`3
 2 2
X Y XY X Y

0.005998 0.02531 0.000152 3.6E-05 0.000641

0.009983 0.024913 0.000249 9.97E-05 0.000621
-0.00191 0.010645 -2E-05 3.67E-06 0.000113
0.011778 0.007409 8.73E-05 0.000139 5.49E-05
0.021672 0.125303 0.002716 0.00047 0.015701
-0.00532 -0.03066 0.000163 2.83E-05 0.00094
-0.00834 -0.03033 0.000253 6.95E-05 0.00092
-0.00944 -0.03144 0.000297 8.91E-05 0.000989
0.008209 -0.01023 -8.4E-05 6.74E-05 0.000105
-0.00615 -0.00653 4.02E-05 3.78E-05 4.26E-05
-0.00818 -0.00557 4.56E-05 6.7E-05 3.11E-05
-0.00312 -0.00991 3.09E-05 9.72E-06 9.82E-05
-0.01728 -0.04856 0.000839 0.000299 0.002358
-0.01252 -0.04524 0.000566 0.000157 0.002047
0.01049 -0.00514 -5.4E-05 0.00011 2.65E-05
0.014942 0.020336 0.000304 0.000223 0.000414
-0.01269 0.001831 -2.3E-05 0.000161 3.35E-06
-0.0127 -0.00923 0.000117 0.000161 8.51E-05
0.01456 0.013635 0.000199 0.000212 0.000186
-0.00944 -0.00173 1.63E-05 8.91E-05 2.98E-06
0.012128 0.001085 1.32E-05 0.000147 1.18E-06
-0.00826 0.011374 -9.4E-05 6.83E-05 0.000129
-0.00196 -7.6E-05 1.48E-07 3.83E-06 5.71E-09
-0.02294 -0.00312 7.16E-05 0.000526 9.74E-06
0.000303 -0.006 -1.8E-06 9.17E-08 3.6E-05
-0.01627 -0.03085 0.000502 0.000265 0.000952
-0.0464 -0.0327
0.0063 0.0035 0.0265

r xy =n ∑ xy −¿ ¿ ¿

26(0.0063)−(−0.0464)(−0.0327)
r xy =
√¿ ¿ ¿

0.1638−0.0152
r xy =
√ [ 0.091−0.0215 ]∗√[ 0.689−0.0117 ]
0.1486
r xy =
√ 0.0695∗√0.6773
0.1486
r xy =
0.2636∗0.8229
 0.1486
r xy =
0.2169

r xy =0.6851

Conclusion: The Karl Pearson’s co-efficient of correlation was found to be positive i e, 0.6851.
This shown that there is a relationship exists between market return(y) and index return(x),
Hence null hypothesis is rejected and alternative hypothesis is accepted.

4. SBI:

Table: 4.4

2 2
X Y XY X Y

0.005998 0.008868 5.32E-05 3.6E-05 7.86E-05

0.009983 0.001109 1.11E-05 9.97E-05 1.23E-06
-0.00191 -0.00429 8.21E-06 3.67E-06 1.84E-05
0.011778 0.01804 0.000212 0.000139 0.000325
0.021672 0.015992 0.000347 0.00047 0.000256
-0.00532 0.002034 -1.1E-05 2.83E-05 4.14E-06
-0.00834 -0.00338 2.82E-05 6.95E-05 1.14E-05
-0.00944 0.008517 -8E-05 8.91E-05 7.25E-05
0.008209 0.002 1.64E-05 6.74E-05 4E-06
-0.00615 0.004146 -2.6E-05 3.78E-05 1.72E-05
-0.00818 -0.01534 0.000126 6.7E-05 0.000235
-0.00312 0.013286 -4.1E-05 9.72E-06 0.000177
-0.01728 -0.0147 0.000254 0.000299 0.000216
-0.01252 0.012778 -0.00016 0.000157 0.000163
0.01049 -0.01122 -0.00012 0.00011 0.000126
0.014942 0.009878 0.000148 0.000223 9.76E-05
-0.01269 -0.01974 0.00025 0.000161 0.00039
-0.0127 -0.01982 0.000252 0.000161 0.000393
0.01456 0.018685 0.000272 0.000212 0.000349
-0.00944 -0.01493 0.000141 8.91E-05 0.000223
0.012128 0.012601 0.000153 0.000147 0.000159
-0.00826 0.001093 -9E-06 6.83E-05 1.2E-06
-0.00196 -0.03225 6.31E-05 3.83E-06 0.00104
-0.02294 -0.00031 7.06E-06 0.000526 9.47E-08
0.000303 -8.2E-05 -2.5E-08 9.17E-08 6.74E-09
-0.01627 -0.01735 0.000282 0.000265 0.000301
-0.0464 -0.0243
0.0021 0.0035 0.0046
r xy =n ∑ xy −¿ ¿ ¿

26 ( 0.0021 )−(−0.0464 ) (−0.0243)

r xy =
√¿¿¿

0.0546−0.0113
r xy =
√ [ 0.091−0.0215 ]∗√[ 0.1196−0.0590 ]
0.0433
r xy =
√ 0.0695∗√0.0606
0.0433
r xy =
0.2636∗0.2462

0.0433
r xy =
0.0649

r xy =0.6672

Conclusion: The Karl Pearson’s co-efficient of correlation was found to be positive i e, 0.6672.
This shown that there is a relationship exists between market return(y) and index return(x),
Hence null hypothesis is rejected and alternative hypothesis is accepted.

CHAPTER 5
FINDING CONCLUSION AND SUGGESTIONS
FINDINGS:

1. INFORMATION TECHNOLOGY SECTOR:

  INFOYSIS has indicated RSI signal for three vocations however, ROC has not
given strong indicators but in one vocation. RSI has reached its overbought zone
so, it indicates to investors go for short position.
 TCS has indicated RSI signal for all the two vocations however, and ROC has
given strong indicators in one vocation RSI has reached its overbought zone. Here
the price of the stock moves very rapidly and it’s a strong buy indicator for the
investors.
 In this sector the stocks selected data are related to two companies. Indicators are
tested RSI has given signal and the sectors reacted less than 40% at selling side
and more than 40% at buying side.

2. BANKING SECTOR:

 HDFC BANK is indicted RSI signal for two vocations however ROC has not
given strong indicator so, it indicates to investors that go for long position.
 SBI indicated RSI signal for three vocations however, ROC has not given strong
indicators. Here the price of the stock comes down very fast and it’s a strong sell
indicator for the investors.
 In this sector the stocks selected data are related to two companies. Indicators are
tested on 5 occasions, out of which on 4 occasions RSI has given signal, On 1
occasions RSI has given signal.

SUGGETIONS:

1. INFORMATION TECHNOLOGY SECTOR:

  In this sector, it is suggested to the investors not to use only RSI as the indicator to make
decision as the price variation is not reacting much. Therefore it is suggested to use RSI
and ROC.
 As per the current situation, it is suggested to the investors of INFOYSIS withdraw their
investment as RSI and ROC has given short signal.
 As per the current situation, it is suggested to the investors of TCS withdraw their
investment as RSI has given strong short signal as it reaches its overbought zone.

2. BANKING SECTOR:

 In this sector, it is suggested to the investors to use all three indicators to make decision
as the price variation is reacting much when it provides all three indicators. Therefore it is
suggested to use RSI and ROC.
 As per the current situation, it is suggested to the investors of HDFC BANK to withdraw
their investments as the ROC has given short signal.
 As per the current situation, it is suggested to the investors of SBI to hold their
investment position as the indicators has not given any signal.

CONCLUSION:
The training in Ventura securities limited broking company has created a sense of practical
exposure & enlightenment as to what actually an organization is & how theoretical concepts
are practiced. However, after the training, it helped in building confidence to understand
different management concepts in a pragmatic manner.

The training helped a lot in recalling the theoretical concepts, which were learnt in 3rd
semester MBA course and also came across real problems faced by organization in
technology, human resources etc. & the way in which the management tackled those
problems.

During the period, it was observed that how communication acts as an important tool for the
smooth functioning of the organization & how to communicate on different channels & with
different grades of peoples.
Lastly, the company is having good market for its product and the prospects of the company
continue to be positive. Whenever an investor is thinking to buy or sell the stocks of the
company, it is vital to understand the market and industry in which it operates.

BIBLIOGRAPHY
BOOKS:
REFERENCE:
1. Valarmathi A, Kowsalya P (2016). (July-Aug. 2016). A Study on the Technical Analysis of
NSE Towards it Stocks with Reference to Indian Stock Market. International Journal of
Advances in Management and Economics. Volume 05 Issue 04 (1), 1-8.

2. Subrata K. Mitra. (2019/3/1). An analysis of NPAs of Indian banks: Using a comprehensive

framework of 31 financial ratios. IIMB Management Review. 31 Issue 1 (6), 51-62.
3. C.Boobalan . (an-March, 2014). TECHNICAL ANALYSIS IN SELECT STOCKS OF
INDIAN COMPANIES. International Journal of Business and Administration Research
Review. Vol.2,Issue.4 (2), 26.

4. ThangjamRavichandra, AshishChacko, ShrutiGanguly. (2015). TECHNICAL ANALYSIS

OF EQUITY SHARES. International Journal of Research in Finance & Marketing. Volume
5, Issue 1 (1), 10-17.

5. Naved, Mohd and Srivastava, Prabhat, Profitability of Oscillators Used in Technical Analysis
for Financial Market (July 21, 2015). Advances in Economics and Business Management
(AEBM) Volume 2, Number 9; April-June, 2015, 925-931.

6. Hemalatha. (April 2013). A Study on Technical Analysis of Canara Bank Equity Share.
PARIPEX - INDIAN JOURNAL OF RESEARCH. Volume : 2 Issue : 4 (1), 1-4.

7. Dr.Ayyappan&Mr. Sakthivadivel. (2012). Research Study on Technical Analysis of Selected

India Private and Public Bank. INTERNATIONAL JOURNAL ON ECONOMICS,
FINANCE AND SUSTAINABLE DEVELOPMENT. Volume 11 Issue 1, (2), 12-22.

WEBLIOGRAPHY:

 https://www1.nseindia.com/
  https://in.tradingview.com/
 https://new.ventura1.com/
 https://www.ibef.org/
 https://en.wikipedia.org/wiki/National_Stock_Exchange_of_India

ANNEXURE

FINANCIAL STATEMENT:
PROFIT AND LOSS A/C:

Particulars Mar-2017 Mar-2018 Mar-2019 Mar-2020 Mar-2021

Operating income 2412.83 2940.19 3330.10 3566.18 3899.27
Net sales 2412.83 2940.19 3330.10 3566.18 3899.27
Expenditure
Employee Cost 283.32 300.24 324.18 345.13 367.18
Operating and 231.52 252.86 286.56 294.16 334.17
establish expenses
Administration and 144.82 176.81 221.12 248.10 298.12
other expenses
Provision And 14.65 4.21 7.32 8.67 9.01
Contingencies
Expenses capitalized 0 0 0 0 0
Total expenditure 644.31 734.12 812.22 843.15 895.45
Profit Before 1768.52 2206.06 2587.19 2856.21 3016.24
Depreciation And
tax(Excluding Other
Income)
Other income 0 0 0 0 0
Operating profit 1768.52 2206.06 2587.19 2856.21 3016.24
Interest 1229.5 1629.59 1956.45 218.24 2043.15
Depreciation 22.91 24.07 27.21 29.93 30.14
Profit before Tax And 561.04 551.76 568.14 578.15 589.07
Exceptional items
Exceptional Expenses\ 0 0 0 0 0
income
Profit Before Tax 516.04 515.76 519.87 523.19 546.97
Provision of Tax 169.73 188.3 197.32 205.14 238.18
Profit After tax 346.31 363.46 389.89 412.14 438.18
Adjusted to Profit after 0 0 0 0 0
Tax
Profit B\F 202.26 249.78 296.12 313.78 335.62
Appropriations 548.56 623.78 656.13 687.15 697.09
Equity Dividend 20 20 21 22 22.87
Earnings Per share 6.38 4.84 5.57 6.87 7.45
Book Value(Rs) 50.15 51.97 52.18 53.43 54.12

BALANCE SHEET AS ON FROM 2017-2021:

Particulars Mar-2017 Mar-2018 Mar-2019 Mar-2020 Mar-2021

Sources of Funds
Share Capital 1910 1910 1925 1949 1957
Total Reserve 1646.27 1720.76 1812.6 1889.14 1932.13
Share Holders fund 3556.27 3630.76 3721.01 3898.13 3956.20
Secured loan 6573.62 6945.59 7015.14 7576.43 7994.67
Unsecured loan 289.43 934.13 1056.34 1234.15 1543.34
Total debts 6863.05 7879.72 8231.43 9213.12 9945.87
Total liabilities 10419.32 11510.48 12455.43 13675.43 14566.56
Application of Funds
Loans 0 0 0 0 0
Gross Block 141.19 162.09 189.12 219.13 235.34
Accumulated 49.14 73.84 98.45 102.02 122.31
Depreciation (Less)
Impairment of 0 0 0 0 0
Assets(Less)
Net Block 92.05 88.25 79.87 81.45 83.15
Capital Work in 4.93 1.46 1.18 1.09 1.23
progress
Investments 7261.52 12585.26 13566.35 14577.01 15667.23
Current assets, Loans
and Advances
Investors 0 0 0 0 0
Sundry debtors 0 0 0 0 0
Cash and Bank 22.36 197.69 234.15 356.32 387.24
Other current assets 736.28 693.4 675.33 696.54 723.25
Loans and Advances 7659.96 4310.06 3977.34 4697.54 4875.47
Total current assets 8418.6 5201.15 5436.25 6543.12 7014.01
Current liabilities and
Provisions(Less)
Current liabilities 5327.26 6357.83 7345.13 8243.32 9135.14
Net Current liabilities 3051.8 -1178.31 -1285.01 4012.24 5342.87
Deferred tax Assets\ 9.02 13.83 15.26 16.34 17.67
Liabilities
Total Assets 10419.32 11510.48 12453.34 13566.45 14558.32
Contingent Liabilities 4.17 0 0 0 0