International Research Journal of Education and Technology

Investors are the individuals who takes an initiative to pool their money into various investment avenues. Investor in the choice of right avenues becomes the most essential part of their decision making. Suppose, investor choose equities for an investment with respect to automobile sector or any industry they are in need of technical analysis. Technical Analysis is basically conducted to check the performance of the company’s stock so that are useful for the investors to invest in the particular company. The Technical analysis is one of the prominent techniques used to analyze the closing stock prices of the company. The investor in the stock market may be interested in analyzing stock price movements. Stock market prices fluctuate due to the ongoing buying and selling in the market. Therefore, in order to succeed in the investment sector, investors seek to predict the future behavior of stocks by using technical analysis approach to analyses stock price movements. The present study has been analyzed the stock performance of the company conducted using Moving Averages Convergence Divergence (MACD), and Relative Strength Index (RSI). The present study focuses on profile of industry, where the stocks selected for the study includes Ashok Leyland, Tata Motors, and Mahindra & Mahindra Limited. The present study also involves the determination of trends and patterns on the above listed companies and drawn interpretation. The study provides vital information to the investor about the value of an automobile security and the company to make better decision on buying or selling of the stock.

Keywords: Technical Analysis, Stock Price Movement, Moving Averages Convergence Divergence, Relative Strength Index, Trends and Patterns