to get idea about secondary market to do investment by taking risk.It employs methods such as statistical analysis and behavioural economics to assist traders and investors in resolving the disparity between intrinsic value and market price. Technical analysis helps traders forecast what is most likely to happen based on earlier data. Most investors concentrate on both technological and fundamental research.

1. TECHNICAL ANALYSIS OF TOP FIVE
IT COMPANIES IN INDIA
By
Nithish Rai R

2. Introduction
This project report was undertaken at KOTAK
security Mangalore from 15th January to 24th
march 2018. This project has been initiated for
the purpose of acquainting me, gaining in depth
knowledge of all the issues concerning about
finding out the potential firms to invest through
shares by Technical Analysis of Shares.

3. Objectives Of Study
• To forecast the future predictions and provide
appropriate ideas to investors.
• To identify the performance of equity shares
in stock exchange

4. Research Methodology
1.Sampling design
The samples selected are from the index of BSE
Sensex of different IT companies. They are TCS,
Infosys, Wipro, HCL and Tech Mahindra.
2. Secondary Data
Data collected from websites, textbooks and
reports prepared by research scholars.

5. Literature Review
Technical analysis believes that the past data of the stock price
and markets are the signals of upcoming performance. Technical
analysis helps to perfect investment decision and it is used when
we have to securing and to when we have to trade the shares
(C. Boobalan)
Questionnaires survey is conducted by considering the foreign
dealers about Fundamental and Technical analysis. Their study
tells that more than 85% respondents are depend on two
methods but technical analysis is more important in short span
of time.( Lei and Mole)

6. Industry Profile
Stock marketplace is an area where the shares of different
businesses are offered to public. The prepared platform via
which the buyers and dealers can alternate in stocks or other
varieties of securities like bonds, derivatives is referred to as
stock exchange.
Stock exchanges in India
There are mainly 2 stock exchanges are in India. They are;
• Bombay Stock Exchange (BSE)
• National Stock Exchange (NSE)

7. Company Profile
KOTAK securities are established in the year 1994, by
the parent company KOTAK Mahindra group. They have
the license to trade in BSE and NSE. The headquarters
located at Mumbai. It is a private sector company,
providing financial services to investors and traders in
stock market. They are intermediaries with the CDSL
and NSDL.

8. Technical Analysis
Technical analysis (also called chart analysis) is the study of market
action, using price charts, to forecast future price direction.
Technical analysts, or technicians, select stocks by analysing statistics
generated by past market activity, prices and volumes. Sometimes also
known as chartists, technical analysts look at the past charts of prices and
different indicators to make inferences about the future movement of a
stock's price.
Methods of technical analysis
1.Relative Strength Index (RSI)
2.Moving Averages
3.Rate of change (ROC)
4.Japanese candle stick

9. Data Analysis

11. Findings
TCS
By applying RSI tools the share price not reached to oversold
region.it is difficult to take decision about when to buy shares for
the investors. Roc chart shows that, there is an opportunity to
buy a shares rather than selling a share. Japanese candlestick
charts nearly shows profit and loss is in equal portion.
Infosys
The company in 5 years two times decreased their share price by
increasing number of shares. Overbought region in November
2014.oversold region in September 2015.

12. Wipro
The company overall 5 years in June 2017 decreased their share
price by increasing number of shares. Overbought region in June
2014.oversold region in November 2016 and June 2017.
HCL
The company overall 5 years in March 2015 decreased their
share price by increasing number of shares. March 2014 to
February 2015 overbought region. In March 2016 oversold
region.

13. Tech Mahindra
The company overall 5 years in March 2015 decreased their
share price by increasing number of shares. From January 2013
to Feb 2015 overbought region. August 2015 to April 2016 is
oversold region.