Vol. 8 No. 1 (2021): vol 8, Iss 1, Year 2021
Articles

Downtrend of banking sectors using technical analysis

Rahini M
Department of Mathematics, Kongunadu Arts and Science College (Autonomous), Coimbatore – 641 029 Tamil Nadu, India
Vivek Prabu M
Department of Mathematics, Kongunadu Arts and Science College (Autonomous), Coimbatore – 641 029 Tamil Nadu, India
Published March 31, 2021
Keywords
  • Stock Analysis, stock price, bullish, bearish, SMA, EMA, RSI, MACD and P&L.
How to Cite
M, R., & M, V. P. (2021). Downtrend of banking sectors using technical analysis. Kongunadu Research Journal, 8(1), 36-40. https://doi.org/10.26524/krj.2021.6

Abstract

The Banking industry plays a very significant role in the economy and the development of a country. It is important to our nation’s economy as it caters to the need of credit for all the section of the nation. In this paper, we are focusing on the stocks of Yes Bank Limited, Axis Bank Limited and ICICI Bank Limited and analyze them technically. Using technical analysis, we could predict the future price movements of stocks by examining the present and the past price movements of stocks.  It has many tools and indicators like SMA, EMA, RSI, MACD and P&L which are used for forecasting the future stock price and also identify the pattern, trend and it directs when to buy and sell stocks.

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