A STUDY ON TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR

Author (s) : G.Mohammadhi, P. Rajeshwari, S.Jamuna, I.Vidhya

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Abstract :
Indian automobile industry is going through a technological change where each firm is engaged changing its processes and technologies to sustain the competitive advantage and provide customers with optimized products and services Technical analysis is mainly based on three assumptions namely, merit discounts everything price moves in trends, and history tends to repeat itself. It is mainly concerned with study of historical price movements of the stocks and its volume of trade in the market to predict the future trend movements of the stocks. However, it does not consider any fundamental factors of the company like earning dividends, growth rates etc. The present study has been undertaken to examine how technical analysis useful take buy or sell decisions of stock and to know how technical tools are used to predict the future behavior of the stock. The study helps people to get an idea on investment on right stock.

Keywords : Technical Analysis , Automobile Sector

Conference Date : 13/11/2020

Pages : 75

Paper ID : 20075