ISSN 2394-5125
 

Research Article 


An Evaluation of Stock Movement of Selected Banks through Technical Indicators

Arvinder Kaur.

Abstract
Price forecasting is helpful for determining and analyzing the successful investment proposal. To
anticipate future prices there are various analysis methods and in this paper attempt is made to study technical
analysis. Technical analysis can be measured by price and volume movement of stock in the past time period. It
facilitates the information regarding sell, buy, neutral, strong sell and strong buy signals with the help of charts
and related tools. This study will analyze the stock movement of SBI and PNB through relative strength index,
sell and buy position and moving average. The weekly data from 2014 to 2019 has been taken for study. Moving
average and relative strength index has been deployed for measuring the stock movement. The secondary data
has been utilized for the study. This paper has been concluded that stock price moving average of SBI in 2015-
16 and 2017-18 depicted that there are strong buy signals but in 2014-15, 2016-17 and 2019-20 showed strong
sell signals. On the contrary PNB stock price moving average in 2014-15 and 2019-20 has shown strong buy
signals. In 2016-17 and 2018-19 PNB data showed strong sell signals. But in 2015-16 and 2017-18 both SBI
and PNB showed strong buy signals.

Key words: Moving average, relative strength index, gain, strong buy, strong sell.


 
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Pubmed Style

Arvinder Kaur. An Evaluation of Stock Movement of Selected Banks through Technical Indicators. JCR. 2020; 7(16): 1772-1788. doi:10.31838/jcr.07.16.224


Web Style

Arvinder Kaur. An Evaluation of Stock Movement of Selected Banks through Technical Indicators. http://www.jcreview.com/?mno=5331 [Access: April 17, 2021]. doi:10.31838/jcr.07.16.224


AMA (American Medical Association) Style

Arvinder Kaur. An Evaluation of Stock Movement of Selected Banks through Technical Indicators. JCR. 2020; 7(16): 1772-1788. doi:10.31838/jcr.07.16.224



Vancouver/ICMJE Style

Arvinder Kaur. An Evaluation of Stock Movement of Selected Banks through Technical Indicators. JCR. (2020), [cited April 17, 2021]; 7(16): 1772-1788. doi:10.31838/jcr.07.16.224



Harvard Style

Arvinder Kaur (2020) An Evaluation of Stock Movement of Selected Banks through Technical Indicators. JCR, 7 (16), 1772-1788. doi:10.31838/jcr.07.16.224



Turabian Style

Arvinder Kaur. 2020. An Evaluation of Stock Movement of Selected Banks through Technical Indicators. Journal of Critical Reviews, 7 (16), 1772-1788. doi:10.31838/jcr.07.16.224



Chicago Style

Arvinder Kaur. "An Evaluation of Stock Movement of Selected Banks through Technical Indicators." Journal of Critical Reviews 7 (2020), 1772-1788. doi:10.31838/jcr.07.16.224



MLA (The Modern Language Association) Style

Arvinder Kaur. "An Evaluation of Stock Movement of Selected Banks through Technical Indicators." Journal of Critical Reviews 7.16 (2020), 1772-1788. Print. doi:10.31838/jcr.07.16.224



APA (American Psychological Association) Style

Arvinder Kaur (2020) An Evaluation of Stock Movement of Selected Banks through Technical Indicators. Journal of Critical Reviews, 7 (16), 1772-1788. doi:10.31838/jcr.07.16.224