INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
The stock market or capital market provides the industry with a large amount of capital needed by the industry, in this way the whole business and economic development are encouraged, the financial exchange plays an important role in business improvement. More and more people are attracted to the stock market because of the returns they received compared to bank deposits, saving account, mutual fund etc.The project focuses on technical analysis in the information technology. It emphasis how powerful the company is and what strategies investors can take to buy, hold and sell stocks.
Technical analysis is a trading tool that analyzes statistical data collected from trading activities, such as stock trading, price fluctuations, and trading volume to determine trading opportunities. Technical analysts use price movement charts and various analytical tools to assess the strength and weaknesses of securities. Technical analysis is a term used to determine the process of forecasting future price changes based on historical price fluctuations in inventory schemes.
Technical analysis helps traders and investors to make investment decisions. The tools used in this study are SMA (Simple Moving Average), ROC (Rate Of Change) and RSI (Relative Strength Index). That helps to determine the futures trend of prices of the stocks. This research highlights the applicability of these indicators for a profitable investment.
Keywords:
Technical Analysis, SMA, ROC, RSI
Cite Article:
"A STUDY ON TECHNICAL ANALYSIS OF SELECTED IT COMPANIES WITH SPECIAL REFERENCE TO INFOSYS LTD AND HCL TECHNOLOGIES LTD", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 2, page no.c767-c780, February-2024, Available :http://www.ijnrd.org/papers/IJNRD2402282.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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