Analysis of Stocks in Pharmaceutical Sector Listed on NSE
| International Journal of Economics and Management Studies |
| © 2020 by SSRG - IJEMS Journal |
| Volume 7 Issue 5 |
| Year of Publication : 2020 |
| Authors : Kapil Deshpande, Priya Mohabey |
10.14445/23939125/IJEMS-V7I5P124
How to Cite?
Kapil Deshpande, Priya Mohabey, "Analysis of Stocks in Pharmaceutical Sector Listed on NSE," SSRG International Journal of Economics and Management Studies, vol. 7, no. 5, pp. 163-166, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I5P124
Abstract:
The most alluring place today to make money for those who understand finance is the stock market. The most important aspect while making investments in stocks is to predict the future price trends, the variability of volumes, and the volatility or risk that is involved. Thus, technical analysis plays a very important role in predicting future price ups and downs and thus aiding the investors to collect maximum benefits from their investments. Various methods like beta calculations, relative strength index, exponential moving averages, and forecasting future price trends using mean and standard deviation can be used for conducting technical analysis. This paper focuses on performing technical analysis of major pharmaceutical companies listed on the National Stock Exchange(NSE). The change of prices of the shares undergoes a pattern that is cyclic and repeats itself over different intervals. Therefore, this study uses past data to calculate concerned indices and predict future price trends.
Keywords:
Beta calculations, Relative Strength Index, Exponential moving averages, and Moving Average Convergence and Divergence.
References:
[1] Lau, Kee & Soen, Chin & Woo, Kelly., Technical analysis: effectiveness of technical analysis, (2020).
[2] Thomas Asha E., A Study on Technical Analysis and its Usefulness in Indian Stock Market, Mirror, 3(2) (2014) 159-165. ISSN:2249-8117
[3] Lo, A. W., Mamaysky, H., & Wang, J., Foundations of technical analysis: computational algorithms, statistical inference, and empirical implementation, The Journal of Finance, 55(4) (2000) 1705-1765.
[4] Adam, T. R., and Chitru, F. S., Hedging, speculation and shareholder value, Journal of Financial Economics, 8 (2006) 283-309.
[5] Adis, Warren., A risk-modelling framework for the pharmaceutical industry, Communication of IIMA, 7 (1) (2007) 1-10.
[6] Alexander, Carol., Practical financial econometrics, London: John Wiley & Sons, Ltd., (2009).
[7] M. J. Ping., Technical Analysis Explained, New York, NY: McGraw-Hill., (2002).
[8] Brown.C., All about Technical Analysis’, Tata McGraw-Hill Publishing Company Ltd., (2008).
[9] Graham Benjamin., The Early Writings of the Father of Security Analysis’, McGraw Hill, United States., (2010).
[10] The theories related to technical analysis on Investopedia website [Online]. Available https://www.investopedia.com
[11] The charts of various companies on Investing website [Online]. Available: https://in.investing.com/indices
[12] The NSE website [Online]. Available: https://www.nseindia.com/
[13] The Indian pharmaceutical industry on IBEF homepage [Online] Available: https://www.ibef.org/
[14] The company fundamentals on Money control homepage [Online]. Available: https://www.moneycontrol.com/
[15] The Greeks associated with stocks on Nifty Future [Online] Available: http://www.niftyfuture.com/