Assistant Professor, Gurgaon Institute of Technology & Management, Gurgaon, India
Online published on 11 April, 2014.
It is the analysis of share prices and the traded volume to predict the near future price movement. It is 90% psychological and 10% logical, which means market is driven by psychology of investors in 90% of the times and 10% of the times logical factors affect the market. Technical analysis is based on the belief that history repeats itself, which means price patterns and traded volume occur again and again over a period of time. This repetition of price and volume patterns helps in predicting the near future price movements. In this research paper, analysis of OBC is taken into consideration in a technical way, i.e. with the help of some famous oscillators like moving averages, rate of change, etc. The main focus of the paper is laid down to show the share price movements across a reference point from one extreme to another and to determine the point of buy and sell decision by investor. To analysis the OBC share price I have used the technical indicator like moving average, volume trend and RSI.
MACD, Moving Average, Rate of Change, Relative Strength Index, Technical analysis
