1. A PROJECTREPORT
on
TECHNICAL ANALYSIS-
A STUDY ON SELECTED STOCKS
AT
FINVISION CAPITAL MARKETS PVT. LTD
__________________________________________________________
SUBMITED BY PARTIAL FULFILLMENT OF REQUIREMENT FOR
THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION
(FINANCE)
PREPARED BY
DEBKALPA GHOSH
Roll - VU/MBA-IIS Number - 313
Under the guidance of
External Guide Internal Guide
Mr. JiteshAgarwal & Mr. Smarajit Sengupta
(Director) Mr. Jayanta Saha
(FINVISION CAPITAL MARKETS PVT. LTD) (Assistant Professor , EIILM)
SUBMITTED TO:
(AUGUST 2015)

2. DECLARATION BY THE CANDIDATE
i hereby declare that this project report " TECHNICAL ANALYSIS- A STUDY
ON SELECTEDSTOCKS" submitted by me for the partial fulfillment of master
of business administration to EASTERN INSTITUTE FOR INTEGRATED
LEARNING IN MANAGEMENT (VIDYASAGAR UNIVERSITY) is a
record of original work done by me under the guidance of
MR. SMARAJIT SENGUPTA (ASST PROF , EILM)
MR. JAYANTA SAHA (ASST PROF, EIILM)
MR. JITESH AGARWAL(DIRECTOR, FINVISION CAPTIAL MARKETS LTD).
the information and data given in the report is authentic to the best of my
knowledge.
this project report has not been submitted to any other university or institution for
the award of any degree , diploma or fellowship or has not been published any time
before.
DATE:
_________________________
(DEBKALPA GHOSH)
EIILM SF4, BATCHOF 2014-16
ROLL - VU/MBA-IIS NO-313
REGN NO - 00477 YEAR- 2014-15

3. ACKNOWLEDGEMENT
On the occasion of completion and submission of project I would like to express
my deep sense of gratitude to Dr. R.P. BANERJEE (Director, EIILM) for
providing us the platform to perform.
My deepest thanks to Mr. JITESH AGARWAL ( Director , Finvision Capital
Markets Pvt. Ltd) for his support and guidance and undertaking this project as
well.
With great respect I would like to express my indebtedness to my project guides
Mr. SMARAJIT SENGUPTA& Mr. JAYANTA SAHA (ASST PROF,EIILM).
Without their guidance and encouragement the project was a distant reality.
I would also like to thank my institution and my faculty members for their support
and guidance.
Last but not the least I would like to thank everyone who directly or indirectly
supported me throughout this project.
Date : _________________________
(DEBKALPA GHOSH)
FULL SIGNATURE

4. PREFACE
MBA is a stepping stone to the management carrier and to develop good managers
it is necessary that the theoretical must be supplemented with exposure to the real
environment. Theoretical knowledge just provides the base and it is not sufficient
to producea good manager and hence practical knowledge is needed.
Therefore the research product is an essential requirement for the student of MBA.
This research not only helps in utilizing skills properly, learn field realities but also
various concepts, effects and implications.
In accordance with the requirement of the MBA course , my Summer Internship
Project (SIP) is on the topic "TECHNICAL ANALYSIS- A STUDY ON
SELECTED STOCKS". The stocks selected are from the banks City Union
Bank and DCB bank (Formerly Development Credit Bank)on
which technical analysis has been performed.
The purpose of the report is to :
1. Understand and Identify the Overbought and Oversold price levels as
derived from using all the historical data available.
2. Identify the price levels where chances of a profitable trade are less, and
recognize 'price-patterns' in and at such levels if and when they occurto avoid
such trades.
This project is a sincere attempt to study and understand the behavior of equity
stockprice levels and its prospects.

5. OBJECTIVE OF THE REPORT
1. Maximize the gains from all sorts of trading activities, and minimize
risk and losses arising from such activities.
2. Identifying price patterns and trend behavior to suggest and recommend
investors and traders to invest , buy or sell.
3. Gain technical knowledge for investment purpose.

6. EXECUTIVE SUMMARY
Prices of securities in the stock market fluctuate daily on account of continuous
buying and selling that takes place. Stock prices move in trends and cycles and are
never stable. So Technical Analysis is performed on two stocks "City Union Bank"
and "DCB Bank" to generate a good return on investment.
Technical Analysis is a method of evaluating securities by analyzing the statistics
generated by market activity such as fast prices and volume. It doesn't give the
intrinsic value of a security , but instead it includes chart and other tools to identify
patterns so as to determine the future activity and suggest it .
This report provides and analysis and evaluation of two equity stocks mentioned
above. the report can further be classified in to the following sections to get a
better overview of the report -
Section 1, of the report contains a brief description of a stock market , an overview
of technical analysis and other related information.
Section 2 and 3of the report provides a complete overlay of the companies along
with their profiles and information such as Advance, Deposits, NPA etc
respectively.
Section 4, contains the analysis methodology adopted in order to complete the
study.
Methodology
Software used - Equis Metastock version 11
Periodicity - Weekly Type of Chart - Line charts
Y axis scale - Semi log scale Time Span - 1 year
Section 5, shows the analysis of the two stocks with the help of a few selected
tools of technical analysis.
Section 6 provides with the observation, recommendations and conclusions along
with the results after technical analysis of the stocks. Decisions like BUY, SELL
and HOLD have been used to recommend investment opportunities.

7. •1.1 Introduction to Stock Market. --------------Pg. 2
•1.2 Technical Analysis --------------Pg. 3-6
•1.3 Tools of Technical Analysis --------------Pg.7
•1.4 Reliability on Technical Analysis --------------Pg.8
SECTION
1
•2.1 City Union Bank --------------Pg 10
•2.2 Company Profile --------------Pg 11-13
•2.3 Company Financials --------------Pg 14
•2.4Recent Market Scenario --------------Pg 15
•2.5 Board of Directors --------------Pg 15
•2.6 Swot Analysis --------------Pg 16
SECTION
2
•3.1 DCB Bank ----------------Pg 18
•3.2 Company Profile ----------------Pg 19-21
•3.3 Company Financials ----------------Pg 22
•3.4 Recent Market Scenario ----------------Pg 23
•3.5 Board of Directors ----------------Pg 23
•3.6 Swot Analysis ----------------Pg 24
SECTION
3
•4.1 Methodology Analysis -------------Pg 26
•4.2 Finvision Capital Markets Pvt . Ltd -------------Pg 27
•4.3 Equis Metastock -------------Pg 28
•4.4 Overview of Line Chart -------------Pg 28
SECTION
4
•5.1 Tools used for analysing stocks -----------Pg30
•5.2 Analysis of City Union Bank -----------Pg31
•5.3 Analysis of DCB bank -----------Pg38
SECTION
5
•6.1 Key Notes and Findings -----------Pg 46
•6.2 Reccomendations -----------Pg 47
•6.3 Conclusion -----------Pg 48
•6.4 Webliography/Bibliography -----------Pg 49
SECTION
6