Performance of select IT (Information Technology) companies through line charts

The movements in share prices are analyzed predominantly on the basis of Fundamental analysis and Technical analysis. In the present study Technical analysis has been performed on three companies using price charts (line charts) as a tool for analyzing the company's share prices. The study focuses on share prices of three IT (Information Technology) companies i.e. Wipro, TCS (Tata Consultancy Services) and Infosys both for long term period i.e. from 2010 to 2014 for five years and short term period i.e. from April 2014 to December 2014. For the present study the data has been collected from secondary sources i.e. Books, online sources and journals. From the study it was found that TCS performed better than Wipro and Infosys in case of long term period where as Infosys performed better than TCS and Wipro in case of short term period. Therefore, the investors may prefer TCS over long term period and Infosys over short term period to make a good rate of return on their investments.