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CHAPTER 1

INTRODUCTION

1.1) Stock Exchanges

A stock exchange, share market or bourse is a corporation or mutual

organization which provides facilities for stock brokers and traders, to trade company

stocks and other securities.

The important two stock exchanges in India: They are,

NSE -National stock exchange.

BSE - Bombay stock exchange.

1.1.1) National stock exchange

NSE is mutually-owned by a set of leading financial institutions, banks, insurance

companies and other financial intermediaries in India but its ownership and management

operate as separate entities As of 2006, the NSE VSAT terminals, 2799 in total, cover more

than 1500 cities across India In October 2007, the equity market capitalization of the

companies listed on the NSE was US$ 1.46 trillion, making it the second largest stock

exchange in South Asia. NSE is the third largest Stock Exchange in the world in terms of

the number of trades in equities It is the second fastest growing stock exchange in the

world with a recorded growth of 16.6%

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1.1.2) Indices

NSE also set up as index services firm known as India Index Services & Products

Limited (IISL) and has launched several stock indices, including:S&P CNX Nifty

CNX Nifty Junior

CNX 100 (= S&P CNX Nifty + CNX Nifty Junior)

S&P CNX 500 (= CNX 100 + 400 major players across 72 industries)

CNX Midcap (introduced on 18 July 2005 replacing CNX Midcap 200)

1.1.3) CNX Nifty Junior

The CNX Nifty Junior is an index for companies on the National Stock Exchange

of India. It consists of 50 companies representing approximately 10% of the traded value of

all stocks on the National Stock Exchange of India. The CNX Nifty Junior is owned and

operated by India Index Services and Products Ltd. It is quoted using the symbol

NSMIDCP.CNX Nifty Junior was introduced on January 1, 1997, with base date and base

value being November 03, 1996 and 1000 respectively and a base capital of Rs.0.43 trillion

1.1.4) Market Capitalization:

Companies eligible for inclusion in Jr. Nifty must have a six monthly average

market capitalisation of Rs.200 crores or more during the last six months.

1.2) PROFILE OF THE COMPANY

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1.2.1) Religare

Religare is one of the leading integrated financial services institutions of India. The

company offers a large and diverse bouquet of services ranging from equities,

commodities, insurance broking, to wealth advisory, portfolio management services,

personal finance services, Investment banking and institutional broking services. The

services are broadly clubbed across three key business verticals- Retail, Wealth

management and the Institutional spectrum. Religare Enterprises Limited is the holding

company for all its businesses, structured and being operated through various subsidiaries.

Religares retail network spreads across the length and breadth of the country with

its presence through more than 1,217 locations across more than 392 cities and towns.

Having spread itself fairly well across the country and with the promise of not resting on its

laurels, it has also aggressively started eyeing global geographies.

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1.2.2) Group Structure

1.2.3) Religare Finvest Ltd

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Religare Finvest Limited (RFL) is registered with the Reserve Bank of India (RBI)

as a Non-Banking Finance Company (NBFC) and is presently engaged in providing

personal credit {such as Loans Against Shares (LAS) and Personal Loans}, distribution of

Mutual Funds, Wealth Management, IPO Financing and Corporate Finance Services.

RFL is aggressively making a name in the Financial Services arena in India. In a

fast paced, constantly changing dynamic business environment, RFL has developed a

change resilient vertically integrated value chain for delivering the most competitive

products and services

1.2.4) Vision and Mission

Vision - To build Religare as a globally trusted brand in the financial

services domain and present it as the Investment Gateway of India

Mission - Providing financial care driven by the core values of diligence

and transparency.

1.2.5) Registration

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Industry : Finance - General BSE Code : 532915 Book Closure : -

Group : Ranbaxy Group NSE Code : RELIGARE Market Cap : Rs. 3086.50 Cr.

ISIN No : INE621H01010 Market Lot : 1 Face Value : Rs. 10.00

Registered & Corporate Office Registrar & Share Transfer Agent

19, Nehru Place, , , New Delhi, Delhi - 110019

Tel: 30815100/66552200, , ,

Fax: 30815288,

Email: [email protected]

Website: www.religare.in

Karvy Computershare Private Ltd

Plot No. 17-24, Vittal Rao Nagar, Madhapur,

Hyderabad - 500081, Andhra Pradesh.

Tel: 23420818, 23420824

Key Officials

Name Designation

Malvinder Mohan Singh Chairman / Chair PersonSunil Godhwani Managing Director Ravi Batra Company Secretary and Compliance Officer

Other Details

Listings Incorporation Public Issue Date

BSE , NSE 30/01/1984 29/10/2007

1.2.6) Management Profile

A) Top Management Team:

Mr. Sunil Godhwani - CEO & Managing Director, Religare Enterprises

Limited

Mr. Shachindra Nath - Group Chief Operating Officer, Religare

Enterprises Limited

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Mr. Anil Saxena (Group Chief Finance Officer)

B) Board of Directors - Religare Enterprises Limited:

Mr. Malvinder Mohan Singh - Chairman (Non Executive)

Mr. Sunil Godhwani - CEO & Managing Director

Mr. Shivinder Mohan Singh - Non Executive Director

Mr. Harpal Singh - Non Executive Director

Mr.Deepak Ramchand Sabnani - Independent Director

Mr.Padam Bahl - Independent Director

Mr.J.W. Balani - Independent Director

Mr. Baldev Singh Johal - Independent Director

1.3) INDUSTRY PROFILE

1.3.1) Apollo Tyres

First Indian Tyre Company to launch exclusive branded outlets -- Apollo Tyre

World -- for truck tyres

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First Indian Tyre Company to segment the market on the basis of load and

mileage requirements

1.3.2) Ashok Leyland

The origin of Ashok Leyland can be traced to the urge for self-reliance, felt by

independent India. Pandit Jawaharlal Nehru, India's first Prime Minister persuaded Mr.

Raghunandan Saran, an industrialist, to enter automotive manufacture.

1.3.3) Auro Pharma

Auro pharma, established in the year 1987 at pondicherry, are manufacturers of

herbal healthcare Products including skin and hair care preparations, tonics and

formulations for some internationally recognised ailments.

1.3.4) Bell

The growth and diversification of BEL over the years mirrors the advances in the

electronics technology, with which BEL has kept pace. Starting with the manufacture of a

few communication equipment in 1956, BEL went on to produce Receiving Valves in

1961, Germanium Semiconductors in 1962 and Radio Transmitters for AIR in 1964.

Indian Air Force. The third Unit was established at Pune in 1979 to manufacture

Image Converter and Image Intensifier Tubes.

1.3.5) Chennai Petroleum

Simulators Chennai Petroleum Corporation Limited (CPCL), formerly known as

Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the

Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a

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share holding in the ratio 74%: 13%: 13% respectively. From the grassroots stage CPCL

Refinery was set up with an installed capacity of 2.5 Million Tonnes Per Annum

(MMTPA) in a record time of 27 months at a cost of Rs. 43 crore without any time or cost

over run.

1.3.6) IFCI

At the time of independence in 1947, Indias capital market was relatively under-

developed. Although there was significant demand for new capital, there was a dearth of

providers. Merchant bankers and underwriting firms were almost non-existent. And

commercial banks were not equipped to provide long-term industrial finance in any

significant manner.

1.3.7) I-Flex

i-flex solutions, majority owned by Oracle, is a world leader in providing IT

solutions to the financial services industry. With the experience of delivering value-based

IT solutions to over 790 financial institutions across 130 countries, i-flex helps customers

build competitive advantage through next-generation technology while they,simultaneously, adhere to the stringent demands of a dynamic regulatory environment.

Together, Oracle and i-flex solutions offer financial services institutions the world's most

comprehensive and contemporary banking applications and technology footprint that

addresses their complex IT and business requirements.

1.3.8) Moser Baer

The company was founded in New Delhi in 1983 with a clear vision to operate in

products with high entry barriers, from the technology as well as capital point of view.

Given the fact that high obsolescence usually goes hand in hand with high technology, the

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risk and reward equation had to make sense. It started as a Time Recorder unit in technical

collaboration with Maruzen Corporation, Japan and Moser Baer Sumiswald, Switzerland.

1.3.9) Syndi bank

Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna in

coastal Karnataka with a capital of Rs.8000/- by three visionaries - Sri Upendra Ananth

Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician - who

shared a strong commitment to social welfare. Their objective was primarily to extend

financial assistance to the local weavers who were crippled by a crisis in the handloom

industry through mobilising small savings from the community. The bank collected as low

as 2 annas daily at the doorsteps of the depositors through its Agents under its Pigmy

Deposit Scheme started in 1928. This scheme is the Bank's brand equity today and the

Bank collects around Rs. 2 crore per day under the scheme.

1.4) Wock Pharma

The Company has its headquarters in India, and has 14 manufacturing plants in

India, UK, Ireland, France and US Subsidiaries in US, UK, Ireland and FranceMarketing offices in Africa, Russia, Central and South East Asia.

Wockhardt has a strong track record in acquisition management, with five

successful acquisitions in the European market. These acquisitions have strengthened

Wockhardts position in the high-potential markets of Europe, and have expanded the

global reach of the organisation.

1.4) OBJECTIVES

1.4.1) Primary Objective:

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To guide the investors for forecasting future price from their investment

from these scrips.

1.4.2) Secondary Objective

To notify the movement of the scrips and facilitate to select the.

Company which give benefit to the investors.

To protect the investors investments from the poorly performing

company.

1.5) SCOPE OF THE STUDY

The main purpose of the study is how to analysis and guide the investor for

receiving benefit of investment from their scrips

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.

It will give knowledge, where the investors going to invest.

The study also protect investors investment from poorly performing company

1.6) LIMITATIONS

All aspects should not be studied and analyzed with in the limited period.

The return value given by the company is the approximated value.

CHAPTER 2

2.1) REVIEW OF LITERATURE

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"Technical analysis is the study of market action, primarily through the use of

charts, for the purpose of forecasting future price trends."

Technical analysis is a method of evaluating securities by analyzing the statistics

generated by market activity, such as past prices and volume. Technical analysts do not

attempt to measure a security's intrinsic value, but instead use charts and other tools to

identify patterns that can suggest future activity.

Technical Analysis is the forecasting of future financial price movements based on

an examination of past price movements. Like weather forecasting, technical analysis does

not result in absolute predictions about the future. Instead, technical analysis can help

investors anticipate what is "likely" to happen to prices over time. Technical analysis uses awide variety of charts that show price over time.

The methods used to analyze and predict the performance of a company's stock fall

into two broad categories: fundamental and technical analysis. Those who use technical

analysis look for peaks, bottoms, trends, patterns and other factors affecting a stock's price

movement and then make buy/sell decisions based on those factors. It is a technique many

people attempt, but few are truly successful at it.

A method of evaluating securities by analyzing statistics generated by market

activity, such as past prices and volume. Technical analysts do not attempt to measure a

security's intrinsic value, but instead use charts to identify patterns that can suggest future

activity.

2.2) RESEARCH METHODOLOGY

2.2.1) Definition:

A research methodology defines what the activity of research is, how to proceed,

how to measure progress, and what constitutes success. AI methodology is a jumbled mess.

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Different methodologies define distinct schools, which wage religious wars against each

other.

Primary Data : Daily Closing prices are taken from NSE Terminal

After Closing of the market and from News Papers.

Secondary Data : Theoretical references are collected from

popularized books and Websites.

Research Design : Analytical Research Design need for the project

Study.

Tools Used : In our study RSI (Relative Strength Index),

MFI (Money Flow Index), Moving Averages,

Candle Stick Charts and Pivot Point are used.

2.2.2) Relative Strength Index

There are a few different tools that can be used to interpret the strength of a stock.

One of these is theRelative Strength Index (RSI), which is a comparison between the

days that a stock finishes up and the days it finishes down.

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The RSI is a reasonably simple model that anyone can use. It is calculated using the

following formula.

RSI = 100 - [100/(1 + RS)]

Where:

RS = (Avg. of n-day up closes) / (Avg. of n-day down closes)

n = days (most analysts use 9 - 15 day RSI)

The RSI ranges from 0 to 100. At around the 70 levels, a stock is considered

overboughtand you should consider selling. But this number is not written in stone: in a

bull market some believe that 80 is a better level to indicate an overbought stock since

stocks often trade at higher valuations during bull markets. Likewise, if the RSI approaches

30, a stock is considered oversold and you should consider buying. Again, make the

adjustment to 20 in a bear market.

The smaller the number of days used, the more volatile the RSI is and the more

often it will hit extremes. A longer term RSI is more rolling, fluctuating a lot less. Different

sectors and industries have varying threshold levels when it comes to the RSI. Stocks in

some industries will go as high as 75-80 before dropping back, while others have a tough

time breaking past 70.

Period of the Study : 01-mar-2007 to 31-mar-2008

Project Period : 4 Months

Frame work of Analysis: The collected data has been used for calculating 200 Days

Average, 50 Days Average and Daily Average under Simple Moving Average for Selected

Junior Nifty Scrips. In this process the data collected from April-2-2007 to Mar-31-2008

has been taken for this analysis.

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2.2.3) The Money Flow Index

Money Flow Index (MFI) is the technical indicator, which indicates the rate at

which money is invested into a security and then withdrawn from it. Construction and

interpretation of the indicator is similar to Relative Strength Index with the only difference

that volume is important to MFI.

a) Calculation:

The calculation of Money Flow Index includes several stages. At first one defines

the typical price (TP) of the period in question.

TP = (HIGH + LOW + CLOSE)/3

Then one calculates the amount of the Money Flow (MF):

MF = TP * VOLUME

If todays typical price is larger than yesterdays TP, then the money flow is

considered positive. If todays typical price is lower than that of yesterday, the money flow

is considered negative. A positive money flow is a sum of positive money flows for a

selected period of time. A negative money flow is the sum of negative money flows for a

selected period of time. Then one calculates the money ratio (MR) by dividing the positive

money flow by the negative money flow:

MR = Positive Money Flow (PMF)/Negative Money Flow (NMF)

And finally, one calculates the money flow index using the money ratio:

MFI = 100 - (100 / (1 + MR))

At around the 80 levels, a stock is considered overboughtand you should consider

selling. Likewise, if the MFI approaches 20, a stock is considered oversoldand you should

consider buying.

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2.2.4) Moving Average

The moving average is one of the most useful, objective and oldest analytical

tools around. Some patterns and indicators can be somewhat subjective, where

analysts may disagree on if the pattern is truly forming or if there is a deviation that

is might be an illusion. The moving average is more of a cut-and-dry approach to

analyzing stock charts and predicting performance, and it is one of the few that

doesnt require a genius intelligence to interpret. Moving average is an indicator that

shows the average value of a securitys price over a period of time.

Simple, in other words, arithmetical moving average is calculated by

summing up the prices of instrument closure over a certain number of single periods

(for instance, 12 hours). This value is then divided by the number of such periods.

SMA = SUM (CLOSE, N)/N

Where;

N is the number of calculation periods.

20 day provides a very volatile, choppy line. It isnt the most accurate, but

is probably the most useful for short-term traders.

30 day similar to 20 day but provides a bit more certainty for the trend.

50 day moving averages provide a much less volatile, smooth line. This

can be used to detect somewhat longer-term trends.

100 day similar to the 50 day, it is less volatile, and one of the most widely

used for long-term trends.

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200 day even less volatile, more of a rolling chart or smooth line. It

doesnt react to quick movements in the stock price therefore it is rarely used.

a) Interpretation:

Moving average analysis typically generates buy signals when a short-

term moving average (or the securitys price) rises above a longer-term moving

average. Conversely, sell signals are generated when a shorter-term moving

average (or the securitys price) falls below a longer-term moving average. The

Price Oscillator illustrates the cyclical and often profitable signals generated by

these one or two moving average systems.

2.2.5) Candle Stick Chart

Candlestick charts have been around for hundreds of years. They are often referred

to as "Japanese candles" because the Japanese would use them to analyze the price of rice

contracts. Similar to a bar chart, candlestick charts also display the open, close, daily high

and daily low. The difference is the use of color to show if the stock went up or down over

the day.

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This is abullish pattern - the stock opened at (or near) its low and closed near

its high.

The opposite of the pattern above, this is abearish pattern. It indicates that the

stock opened at (or near) its high and dropped substantially to close near its low.

Known as "the hammer", this is a bullish pattern only if it occurs after the stock

price has dropped for several days. A hammer is identified by a small body along with a

large range. The theory is that this pattern can indicate that a reversal in the downtrend

is in the works.

Known as a "star", this pattern is used in other patterns such as the "doji star".

For the most part, stars typically indicate a reversal and or indecision. There is a

possibility that after seeing a star there will be a reversal or change in the current trend.

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2.2.6) Pivot Point

A technical indicator derived by calculating the numerical average of a

particular stock's high, low and closing prices.

The pivot point is used as a predictive indicator. If the following day's market price

falls below the pivot point, it may be used as a new resistance level. Conversely, if the

market price rises above the pivot point, it may act as the new support level.

Support and resistance are price levels at which movement should stop and reverse

direction. Think of support/resistance (S/R) as levels that act as a floor or a ceiling to future

price movements.

a) Support

A price level below the current market price, at which buying interest should be

able to overcome selling pressure and thus keep the price from going any lower.

b) Resistance

A price level above the current market price, at which selling pressure should be

strong enough to overcome buying pressure and thus keep the price from going any higher.

c) FORMULAE:

Pivot Point (P) = (H+L+C)/3

First Resistance Level (R1) = (2*P)-L

First Support Level (S1) = (2*P)-H

Second Resistance Level (R2) = P+(R1-S1)

Second Support Level (S2) = P-(R1-S1)

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CHAPTER 3

3.1 ANALYSIS AND INTREPRETATION

Company Name Date High Price Low Price Close Price

APOLLOTYRE 1-Jan-08 59 53.9 58.05

APOLLOTYRE 2-Jan-08 62.4 54.7 61.2

APOLLOTYRE 3-Jan-08 61.9 59.1 59.85

APOLLOTYRE 4-Jan-08 60.9 56.65 57.95

APOLLOTYRE 7-Jan-08 62.4 56.75 57.55

APOLLOTYRE 8-Jan-08 59.2 54 54.8

APOLLOTYRE 9-Jan-08 56 53.1 54.35

APOLLOTYRE 10-Jan-08 55.65 50 50.7

APOLLOTYRE 11-Jan-08 51.9 48.7 49.35

APOLLOTYRE 14-Jan-08 56.9 49.9 55.3

APOLLOTYRE 15-Jan-08 58.5 51.45 52.45

APOLLOTYRE 16-Jan-08 55.15 50.2 54.25

APOLLOTYRE 17-Jan-08 56.75 54.75 55.8

APOLLOTYRE 18-Jan-08 55.95 52.1 52.7

APOLLOTYRE 21-Jan-08 52.6 42.2 48.1

APOLLOTYRE 22-Jan-08 48.8 36 43.1

APOLLOTYRE 23-Jan-08 49.85 40 47.5

APOLLOTYRE 24-Jan-08 50.45 45.05 45.75

APOLLOTYRE 25-Jan-08 50.05 45.75 49.25

APOLLOTYRE 28-Jan-08 48.35 45.25 47.8

APOLLOTYRE 29-Jan-08 49.4 46.8 47.6

APOLLOTYRE 30-Jan-08 47.95 45.3 45.8

APOLLOTYRE 31-Jan-08 46.6 44 44.6

APOLLOTYRE 1-Feb-08 50.35 43.75 48.7

APOLLOTYRE 4-Feb-08 51 49.1 49.55

APOLLOTYRE 5-Feb-08 51.2 48.2 49.95

APOLLOTYRE 6-Feb-08 49 45.2 48.2APOLLOTYRE 7-Feb-08 50.3 46.4 47

APOLLOTYRE 8-Feb-08 47.95 45.55 46

APOLLOTYRE 11-Feb-08 46 42 42.6

APOLLOTYRE 12-Feb-08 45.25 41.1 44

APOLLOTYRE 13-Feb-08 45.8 42.5 42.9

APOLLOTYRE 14-Feb-08 47.4 43.75 46.85

APOLLOTYRE 15-Feb-08 46.8 44.6 46.05

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APOLLOTYRE 18-Feb-08 47.1 45.5 45.9

APOLLOTYRE 19-Feb-08 47.25 45.25 45.5

APOLLOTYRE 20-Feb-08 46.95 45 45.3

APOLLOTYRE 21-Feb-08 46.4 45.05 45.2

APOLLOTYRE 22-Feb-08 45.2 44 44.5

APOLLOTYRE 25-Feb-08 45.3 44 44.15

APOLLOTYRE 26-Feb-08 45 44.35 44.5

APOLLOTYRE 27-Feb-08 46 44.75 45.3

APOLLOTYRE 28-Feb-08 45.8 44.55 45.35

APOLLOTYRE 29-Feb-08 45.45 41.75 43.9

APOLLOTYRE 3-Mar-08 44.9 41.85 43.1

APOLLOTYRE 4-Mar-08 44.3 42.2 42.65

APOLLOTYRE 5-Mar-08 45 42.05 44.2

APOLLOTYRE 7-Mar-08 43.85 41.5 43.15

APOLLOTYRE 10-Mar-08 42.75 40.2 42.3

APOLLOTYRE 11-Mar-08 43.4 41.25 42.45

APOLLOTYRE 12-Mar-08 44.8 41 41.4

APOLLOTYRE 13-Mar-08 41.4 39 39.5

APOLLOTYRE 14-Mar-08 41.05 38.45 39.8

APOLLOTYRE 17-Mar-08 40 35.25 38.7

APOLLOTYRE 18-Mar-08 38.7 36.1 36.5

APOLLOTYRE 19-Mar-08 38.6 36.7 37.1

APOLLOTYRE 24-Mar-08 38.2 35.1 37.45

APOLLOTYRE 25-Mar-08 44.95 37.25 43.05

APOLLOTYRE 26-Mar-08 44.6 41.1 41.7

APOLLOTYRE 27-Mar-08 42.2 40.5 41.1

APOLLOTYRE 28-Mar-08 42.25 40.75 42APOLLOTYRE 31-Mar-08 43.35 41 41.3

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Apollo Tyre

On 4th Dec RSI showed as 64.6 but candle stick represents bulk market and the

target cannot be achieved.

On 14th Dec Candlestick shows as bearish trend but First resistance level achieved.

On11th Jan the RSI and MFI shoed as 72.7 and 64.2 the sell signal can be given

and achieved.

On 18th Feb a buy signal given at a part of 43.8 it was achieved with RSI at 47 and

MF1 at 54 .

The following are some targets and stop losses.

TABLE 1

Date P R 1 S1 R2 S2 Call Result

20 Dec

24 Dec

1 Jan

3 Jan

12 Feb20 Feb

47.92

49.48

56.98

60.28

62.5363.01

49.83

49.96

60.06*

61.46

45.846.5

45.59*

48.96

54.96

58.66*

41.65*44.55

52.16

50.48

62.08

63.08

47.644.7

43.68

48.48

51.88

57.48

39.343.8

Sell

Buy

Buy

Sell

SellBuy

Yes

No

Yes

No

YesNo

* Achieved

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CHART 1

Moving Average

A p o llo t

05 0

1 0 01 5 0

2 0 02 5 03 0 03 5 04 0 04 5 0

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

D a t

Price

5 0 D a y

2 0 0 D a

D ai ly

a) Inference:

For Apollo Tyre, on 14th Dec. candlestick represents as bearish trend but resistence level 1

is achieved. That is that level is 52.02 it was broken but not reaches the resistence level 2.ie

(52.76)

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CHART 2

Candlestick

A p o l l o

0

1 0

2 0

3 0

4 0

5 0

6 0

7 0

1/1/2008

1/8/2008

1/15/2008

1/22/2008

1/29/2008

2/5/2008

2/12/2008

2/19/2008

2/26/2008

3/4/2008

3/11/2008

3/18/2008

3/25/2008

D a

rce

O p e n P

H i g h P

L o w P r C l o s e

2) ASHOKLEYLAND:

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Company Name Date High price Low price Close price

ASHOKLEY 1-Jan-08 53.2 51.7 52.1

ASHOKLEY 2-Jan-08 52.9 51.05 51.9

ASHOKLEY 3-Jan-08 53.5 51.05 52.6

ASHOKLEY 4-Jan-08 55.3 52.75 54

ASHOKLEY 7-Jan-08 57.35 43.9 56.35

ASHOKLEY 8-Jan-08 57.5 53.1 54.05

ASHOKLEY 9-Jan-08 55.8 51.65 54.3

ASHOKLEY 10-Jan-08 55.4 50.25 51.1

ASHOKLEY 11-Jan-08 52 49.25 50.3

ASHOKLEY 14-Jan-08 50.95 49.3 49.6

ASHOKLEY 15-Jan-08 50.8 47.6 48.1

ASHOKLEY 16-Jan-08 48.1 46 47.3

ASHOKLEY 17-Jan-08 49.1 47.1 48.25

ASHOKLEY 18-Jan-08 48.9 45.25 45.9

ASHOKLEY 21-Jan-08 46 33 36.1

ASHOKLEY 22-Jan-08 36.7 26.15 32.1

ASHOKLEY 23-Jan-08 38.45 31.7 37.1

ASHOKLEY 24-Jan-08 39.7 33.8 36

ASHOKLEY 25-Jan-08 38.5 36.05 37.5

ASHOKLEY 28-Jan-08 37 35 36.65

ASHOKLEY 29-Jan-08 38.4 35.8 36.35

ASHOKLEY 30-Jan-08 38 35.4 35.75

ASHOKLEY 31-Jan-08 36.4 33.3 33.95

ASHOKLEY 1-Feb-08 35.45 33.75 34.85

ASHOKLEY 4-Feb-08 38 35.55 37.35

ASHOKLEY 5-Feb-08 37.85 36.55 37.4

ASHOKLEY 6-Feb-08 40 35.15 38.3

ASHOKLEY 7-Feb-08 39.85 36.9 37.1

ASHOKLEY 8-Feb-08 37.5 35.8 36.45

ASHOKLEY 11-Feb-08 37 34.4 34.75

ASHOKLEY 12-Feb-08 36 33.7 34.05

ASHOKLEY 13-Feb-08 35.25 34 34.35

ASHOKLEY 14-Feb-08 36.2 35 36

ASHOKLEY 15-Feb-08 36.45 35.1 36.35

27


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ASHOKLEY 18-Feb-08 37.45 36 37.05

ASHOKLEY 19-Feb-08 37.7 36.85 37

ASHOKLEY 20-Feb-08 36.8 35.6 35.85

ASHOKLEY 21-Feb-08 36.65 35.75 36.05

ASHOKLEY 22-Feb-08 36.25 35.05 36.05

ASHOKLEY 25-Feb-08 36.35 35.2 35.9

ASHOKLEY 26-Feb-08 36.75 36 36.25

ASHOKLEY 27-Feb-08 36.75 35.5 35.7

ASHOKLEY 28-Feb-08 36.15 35.25 35.6

ASHOKLEY 29-Feb-08 37.85 35.3 37.45

ASHOKLEY 3-Mar-08 38.4 35.95 36.65

ASHOKLEY 4-Mar-08 37.45 35.5 35.9

ASHOKLEY 5-Mar-08 37 35.8 36.75

ASHOKLEY 7-Mar-08 36.3 34.1 35.2

ASHOKLEY 10-Mar-08 35.75 33.55 35.1

ASHOKLEY 11-Mar-08 36.45 34.5 35.95

ASHOKLEY 12-Mar-08 37.1 35.15 35.55

ASHOKLEY 13-Mar-08 35.45 34 34.3

ASHOKLEY 14-Mar-08 35.05 33.6 34.55

ASHOKLEY 17-Mar-08 34.1 33.1 33.7

ASHOKLEY 18-Mar-08 34.25 33.2 33.4

ASHOKLEY 19-Mar-08 35.7 32 32.2

ASHOKLEY 24-Mar-08 33 30.6 31.5

ASHOKLEY 25-Mar-08 33.5 31.9 33.25

ASHOKLEY 26-Mar-08 33.75 32.65 32.95

ASHOKLEY 27-Mar-08 33.4 32.65 33

ASHOKLEY 28-Mar-08 34.9 33 34.5

ASHOKLEY 31-Mar-08 35.6 34 35.4

28


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30/76

CHART 3

MOVING AVERAGE:

Ashok leyland

0

10

20

30

40

50

60

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

Date

Price

50 Days

200 Days

Daily

b) Inference:

For Ashok Leyland on 25th Feb., RSI indicated 36.2, it indicated the buy signal, and

also moving average also indicates the buy signal 35.9. The scrip achieved.

30


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CHART 4

CANDLESTIC CHART:

A s h o

0

1 0

2 0

3 0

4 0

5 0

6 0

7 0

1 / 1 / 2 0 0 81 / 1 0 / 2 0 0 81 / 2 1 / 2 0 0 81 / 3 0 / 2 0 0 82 / 8 / 2 0 0 82 / 1 9 / 2 0 0 82 / 2 8 / 2 0 0 83 / 1 1 / 2 0 0 83 / 2 4 / 2 0 0 8

D a

rce

O p e n P

H ig h P r

L o w P r i

C l o s e

31


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3) BELL:


BELL 1-Jan-08 2130 2080.05 2120.55

BELL 2-Jan-08 2165 2080 2107.15

BELL3-Jan-08 2140 2052.25 2070.8

BELL4-Jan-08 2125 2040.1 2056.2

BELL7-Jan-08 2085 1992.6 2042.05

BELL8-Jan-08 2105 2001 2010.25

BELL9-Jan-08 2020 1945 1961.5

BELL10-Jan-08 1980 1875 1914.35

BELL11-Jan-08 1919.8 1836.25 1862.15

BELL

14-Jan-08 1910 1853 1895.15

BELL15-Jan-08 1908.8 1870 1879

BELL16-Jan-08 1980 1822.5 1891.85

BELL17-Jan-08 1928.9 1870.9 1879.1

BELL18-Jan-08 1880 1760 1816.35

BELL21-Jan-08 1799.8 1700 1764.5

BELL22-Jan-08 1800 1420 1564.1

BELL23-Jan-08 1899 1600 1819.85

BELL

24-Jan-08 1899.9 1650 1747.35BELL

25-Jan-08 1915 1750.05 1870.3

BELL28-Jan-08 1790 1599 1697.95

BELL29-Jan-08 1734 1615.2 1629.4

BELL30-Jan-08 1650 1545.45 1615.45

BELL31-Jan-08 1647.9 1505 1540.9

BELL1-Feb-08 1605 1506 1558.75

BELL4-Feb-08 1650 1580 1599.25

BELL5-Feb-08 1612 1555 1563.5

BELL6-Feb-08 1560 1494.1 1521

BELL7-Feb-08 1524.8 1430.25 1440.55

BELL8-Feb-08 1460 1372.6 1402.25

BELL11-Feb-08 1500 1300 1427.1

BELL12-Feb-08 1439 1360 1405.5

32


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BELL13-Feb-08 1441 1325 1439.45

BELL14-Feb-08 1529.5 1441 1492.6

BELL15-Feb-08 1513 1460.1 1492.7

BELL18-Feb-08 1545 1494 1505.15

BELL 19-Feb-08 1529 1471.25 1482.1

BELL20-Feb-08 1500 1452 1464.5

BELL21-Feb-08 1510 1410 1417.55

BELL22-Feb-08 1465 1395 1455.3

BELL25-Feb-08 1485 1420.7 1436.25

BELL26-Feb-08 1455 1431 1445.25

BELL27-Feb-08 1479.7 1435 1450.8

BELL28-Feb-08 1480 1417 1449.75

BELL 29-Feb-08 1504.85 1402 1437.2

BELL3-Mar-08 1459 1345 1381.2

BELL4-Mar-08 1400 1313 1326.65

BELL5-Mar-08 1349.8 1309.05 1336.75

BELL7-Mar-08 1403.55 1250 1308.05

BELL10-Mar-08 1347.85 1252 1324.65

BELL11-Mar-08 1390.85 1287 1305.65

BELL12-Mar-08 1360 1331 1338.15

BELL

13-Mar-08 1360 1260 1292.95BELL

14-Mar-08 1309.9 1252.05 1277.5

BELL17-Mar-08 1350 1201.3 1237.75

BELL18-Mar-08 1300 1220 1235.2

BELL19-Mar-08 1296.95 1165 1199.7

BELL24-Mar-08 1259.65 1170 1184

BELL25-Mar-08 1246.9 1176.05 1189.9

BELL26-Mar-08 1249.8 1164 1186.35

BELL

27-Mar-08 1209.95 1100 1112.5BELL

28-Mar-08 1159 1071.6 1105.1

BELL31-Mar-08 1145 1044.55 1067.4

BELL:

33


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On 7th Dec shows Bearish book reversal represents sell signal and it can be

achieved.

On 16th Jan a buy signal given at a point 1021.5 but it was failed.

On 22th Jan a buy signal given at a point 844.05an it achieved.


TABLE 3


3 Dec

21 Dec

10 Jan

22 Jan

4 Feb

22 Feb

988.88

1089.05

1176.8

1021.53

1203.35

1084.06

997.71

1133.1*

1202.4*

1140.06

1230.7

1127.12

977.76

1056.1

1146.65

844.06

1168.7

1053.12

1008.83

1166.05

1232.55

1317.53

1265.35

1158.06

968.93

1012.05

1121.05

725.53

1141.35

1010.06

Buy

Buy

Buy

Buy

Sell

Buy

Y

Y

Y

Y

Y

Y

*Achieved

34


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CHART 5

MOVING AVERAGE:

B e l

0

5 0 0

1 0 0 0

1 5 0 0

2 0 0 0

2 5 0 0

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

D a t

Price

5 0 D a y

2 0 0 D a

D a ily

c) Inference:

For Asian paints, on 22nd Jan a buy signal given at a point 844.05an it achieved, it

indicates through Moving average and RSI.

35


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CHART 6

CANDLESTIC CHART:

B

0

5 0 0

1 0 0 0

1 5 0 0

2 0 0 0

2 5 0 0

1 / 1 / 2 0 0 8 1 / 1 5 / 2 0 0 81 / 2 9 / 2 0 0 82 / 1 2 / 2 0 0 82 / 2 6 / 2 0 0 83 / 1 1 / 2 0 0 83 / 2 5 / 2 0 0 8D a

rce

O p e n

H i g h P

L o w P

C l o s e

36


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4) AUROPHARMA:


AUROPHARMA 1-Jan-08 554.8 543.3 548.6

AUROPHARMA 2-Jan-08 553.35 538.25 546

AUROPHARMA 3-Jan-08 552 535.2 537.1

AUROPHARMA 4-Jan-08 543.45 530 532.45

AUROPHARMA 7-Jan-08 536 525.1 530.2

AUROPHARMA 8-Jan-08 533.8 516.75 519.8

AUROPHARMA 9-Jan-08 520 504.95 506.95

AUROPHARMA 10-Jan-08 518.8 489 495

AUROPHARMA 11-Jan-08 499.5 475.6 484.95

AUROPHARMA 14-Jan-08 495 475.3 477.8

AUROPHARMA 15-Jan-08 480 453.15 457.05

AUROPHARMA 16-Jan-08 459 435 440.25

AUROPHARMA 17-Jan-08 453 431 434.9

AUROPHARMA 18-Jan-08 440 405.2 411.35

AUROPHARMA 21-Jan-08 411.35 331.85 367.65

AUROPHARMA 22-Jan-08 359 223.7 318.6

AUROPHARMA 23-Jan-08 357 299 316.45

AUROPHARMA 24-Jan-08 358 320 326.3

AUROPHARMA 25-Jan-08 374.6 330 365.25

AUROPHARMA 28-Jan-08 389 339 361.8

AUROPHARMA 29-Jan-08 381.9 354.95 378.85

AUROPHARMA 30-Jan-08 389 329 332.75

AUROPHARMA 31-Jan-08 336 288 292.85

AUROPHARMA 1-Feb-08 307.7 288.05 292.85

AUROPHARMA 4-Feb-08 302.9 294.25 297.65

AUROPHARMA 5-Feb-08 307 295.2 304.35

AUROPHARMA 6-Feb-08 315.5 293.5 310.2

AUROPHARMA 7-Feb-08 314.6 295.25 297.7

AUROPHARMA 8-Feb-08 311 298.05 310.05

AUROPHARMA 11-Feb-08 314.45 295 299.35

AUROPHARMA 12-Feb-08 306.5 300 301.95

AUROPHARMA 13-Feb-08 305 277 291.65

AUROPHARMA 14-Feb-08 302.9 291.5 295.45

37


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AUROPHARMA 15-Feb-08 295 291 292.95

AUROPHARMA 18-Feb-08 306 292 297.05

AUROPHARMA 19-Feb-08 306.75 299 300.5

AUROPHARMA 20-Feb-08 303.5 296.2 297.1

AUROPHARMA 21-Feb-08 302.75 297.3 298.7

AUROPHARMA 22-Feb-08 309 298.05 302.6

AUROPHARMA 25-Feb-08 308.95 298.5 305.9

AUROPHARMA 26-Feb-08 312.2 302.15 309.9

AUROPHARMA 27-Feb-08 318.5 310 310.95

AUROPHARMA 28-Feb-08 313.75 307 308.2

AUROPHARMA 29-Feb-08 333 306.2 329.7

AUROPHARMA 3-Mar-08 347.5 321 332.9

AUROPHARMA 4-Mar-08 340 316.2 320.45

AUROPHARMA 5-Mar-08 329.7 318 324.9

AUROPHARMA 7-Mar-08 318 290 306.2

AUROPHARMA 10-Mar-08 312 291.1 308.45

AUROPHARMA 11-Mar-08 312.5 300.05 307.45

AUROPHARMA 12-Mar-08 321 302 302.8

AUROPHARMA 13-Mar-08 304 285.1 288.25

AUROPHARMA 14-Mar-08 293.9 281 288.8

AUROPHARMA 17-Mar-08 285 253.7 257.85

AUROPHARMA 18-Mar-08 265 245.6 247.5

AUROPHARMA 19-Mar-08 259.5 242.7 248.9

AUROPHARMA 24-Mar-08 258.7 240.65 247.15

AUROPHARMA 25-Mar-08 261.05 251 257.85

AUROPHARMA 26-Mar-08 271.95 257.75 270.2

AUROPHARMA 27-Mar-08 306 262.25 289.9

AUROPHARMA 28-Mar-08 300 286 293.75

AUROPHARMA 31-Mar-08 302.1 287.3 291.3

AUROPHARMA:

38


39/76

On 7 thDec RSI represents as 526.25 but candle stick represents the bullish pattern

and the target 1 can be achieved.

On 10th Dec a sell signal was given at 506.45 and the target can be achieved.

On 23rd Jan a buy signal given at a point 452.4 because of RSI represents 35.8 and

it was achieved.

On 25th Fen MFI shoed as 312 and the buy signal can be given and achieved.


TABLE 4


6 Dec

29 Dec

16 Jan

23 Jan

15 Feb

513.1

540.7

444.75

324.15

292.98

527.5

544.7

454.5

349.3

294.9

503

535.6

430.5

291.3

290.9

537.6

549.7

468.75

382.15

296.98

488.6

531.6

420.75

266.15

288.98

Buy

Sell

Sell

Sell

Sell

Y

N

Y

Y

Y

* Achieved

CHART 7

39


40/76

MOVING AVERAGE:

A u r o p h a r

01 0 0

2 0 03 0 04 0 05 0 06 0 07 0 08 0 09 0 0

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

D a t

Price

5 0 D a y

2 0 0 D a

D a ily

d) Inference:

For Auropharma on 7thDec RSI represents as 80.55, but candlestick represents

The bullish pattern and the resistance level 2 (R2) is 538.05, so all the tools indicate

sell

40


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CHART 8

CANDLESTIC CHART:

A u r o P h

0

1 0 0

2 0 0

3 0 0

4 0 0

5 0 0

6 0 0

1 /1 / 0 81 /8 /0 81 /1 5 / 0 81 /2 2 /0 81 /2 9 /0 82 /5 / 0 82 /1 2 / 0 82 /1 9 /0 82 / 2 6 / 0 83 /4 / 0 83 /1 2 / 0 83 /1 9 /0 83 / 2 8 / 0 8

D a

Price

O p e n P

H i g h p r i

L o w P r i

C lo s e P

5) CHENNAI PETROLEUM:


41


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Chennai petroleum 1-Jan-08 435 421 427.75

Chennai petroleum 2-Jan-08 431 417.1 421.8



Chennai petroleum 7-Jan-08 444 416.55 417.95Chennai petroleum 8-Jan-08 424.7 400.6 405.2






Chennai petroleum 16-Jan-08 384.85 372 377.65

Chennai petroleum 17-Jan-08 400.95 376.8 379.35

Chennai petroleum 18-Jan-08 379.95 354 361.45Chennai petroleum 21-Jan-08 360 260 291.45





Chennai petroleum 28-Jan-08 325 306.95 320




Chennai petroleum 1-Feb-08 311.8 296 308.5

Chennai petroleum 4-Feb-08 335 307 311.5

Chennai petroleum 5-Feb-08 327.95 307.1 324.5



Chennai petroleum 8-Feb-08 312 283.45 303.8

Chennai petroleum 11-Feb-08 303 276 279.95








42


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Chennai petroleum 22-Feb-08 308.5 295.15 303



Chennai petroleum 27-Feb-08 318 313 315.55Chennai petroleum 28-Feb-08 316 292.65 300.7


Chennai petroleum 3-Mar-08 304.2 290.05 297.55

Chennai petroleum 4-Mar-08 302.95 291 300.85

Chennai petroleum 5-Mar-08 308 298.05 301.75




Chennai petroleum 12-Mar-08 309.95 289 291.3Chennai petroleum 13-Mar-08 289.9 269 272.55








43


44/76

CHENNAI PETROLEUM:

On 10th Dec a buy signal given due to MFI at 7.8 at a point of 1085.6 and it was

achieved.

On 17th Jan a sell signal given because of bearish trend given by candlestick

pattern and it achieved.

On 13th Feb a buy signal was given when he RSI and MFI represent as 956 &

988.32.

On 27th Feb a sell signal was given while RSI represented as 50.2 but it was failed.


TABLE 5


3 Dec

24 Dec

1 Jan

31 Jan

25 Feb

999.8

1018.26

1139.3

914.48

914.71

1011.66

921.47

1163.5

928.96

922.43

990.6

856

1098.6

888.96

900.47

1020.86

1083.73

1204.2

954.48

950.91

978.8

952.79

1074.4

874.48

892.75

Sell

Sell

Buy

Buy

Buy

Y

Y

N

Y

Y

* Achieved

44


45/76

CHART 9

MOVING AVERAGE:

C h e n n a i P e t r o

05 01 0 0

1 5 02 0 02 5 03 0 03 5 04 0 04 5 05 0 0

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

D a t

Price

5 0 D a y

2 0 0 D a

D a ily

e) Inference:

For Chennai petroleum on 17th Jan a sell signal given because of bearish trend

given by candlestick pattern and Moving average represents the value 1026. This is the

time to sell, and it was achieved.

45


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CHART 10

CANDLESTIC CHART:

C h e n n a

0

1 0 0

2 0 0

3 0 0

4 0 0

5 0 0

1 / 1 / 2 0 0 81 / 1 5 / 2 0 0 81 / 2 9 / 2 0 0 82 / 1 2 / 2 0 0 82 / 2 6 / 2 0 0 83 / 1 1 / 2 0 0 83 / 2 5 / 2 0 0 8D a

O p e n

H i g h

L o w

C l o s e

6) IFCI:

Company Name Date High price Low price

46


47/76

Close price

IFCI 1-Jan-08 100 94.05 96.05

IFCI 2-Jan-08 97.2 92.1 93.85

IFCI 3-Jan-08 93.8 90 90.75

IFCI 4-Jan-08 94.7 91 91.6

IFCI 7-Jan-08 98.45 86.35 95.4

IFCI 8-Jan-08 98.8 89.1 90.7

IFCI 9-Jan-08 92.1 87.1 88.15

IFCI 10-Jan-08 90.85 81.1 82.9

IFCI 11-Jan-08 86.7 81.15 85.4

IFCI 14-Jan-08 86.85 83.6 84.8

IFCI 15-Jan-08 88.15 76.15 84.55

IFCI 16-Jan-08 86.8 81.2 85.7

IFCI 17-Jan-08 86.8 83.5 84.15

IFCI 18-Jan-08 84 75.75 77.1

IFCI 21-Jan-08 85 53 64.3

IFCI 22-Jan-08 61.9 38 51.15

IFCI 23-Jan-08 62 53 57.2

IFCI 24-Jan-08 62 52.9 53.75

IFCI 25-Jan-08 63.65 54.05 62.45

IFCI 28-Jan-08 61.7 55.5 61.2

IFCI 29-Jan-08 63.4 60.1 61.75

IFCI 30-Jan-08 62.3 58.25 59.1

IFCI 31-Jan-08 60.95 55.5 57.75

IFCI 1-Feb-08 60.05 57.2 58.75

IFCI 4-Feb-08 62.9 60.1 61.8

IFCI 5-Feb-08 67.35 61.05 66.4

IFCI 6-Feb-08 69.9 62 69.05

IFCI 7-Feb-08 71.9 64.1 64.8

IFCI 8-Feb-08 66.2 61.8 64.05

IFCI 11-Feb-08 64 55.1 56.2

IFCI 12-Feb-08 63.5 54.7 55.3

IFCI 13-Feb-08 57.9 54.2 56

IFCI 14-Feb-08 63 58.3 62.35

IFCI 15-Feb-08 65.75 60.5 65

47


48/76

IFCI 18-Feb-08 66.3 63.4 65.2

IFCI 19-Feb-08 67.2 63.3 63.95

IFCI 20-Feb-08 63.9 61.4 61.9

IFCI 21-Feb-08 64.1 61 63.4

IFCI 22-Feb-08 64.9 61.7 63.55

IFCI 25-Feb-08 64.7 62.2 63.6

IFCI 26-Feb-08 64.5 62.75 63.3

IFCI 27-Feb-08 65.9 63.05 63.75

IFCI 28-Feb-08 64.4 62.15 62.45

IFCI 29-Feb-08 68.95 60.05 67.05

IFCI 3-Mar-08 65.25 60.85 61.3

IFCI 4-Mar-08 62.6 55 58.15

IFCI 5-Mar-08 58.4 56.5 57.4

IFCI 7-Mar-08 56.5 50 51.8

IFCI 10-Mar-08 53 47.35 52.3

IFCI 11-Mar-08 55.6 50.2 54.75

IFCI 12-Mar-08 59 53.6 54.5

IFCI 13-Mar-08 52.9 48 48.7

IFCI 14-Mar-08 50.7 48.2 49.9

IFCI 17-Mar-08 47.65 45.05 45.5

IFCI 18-Mar-08 46.95 43.15 43.75

IFCI 19-Mar-08 46.9 40.1 40.85

IFCI 24-Mar-08 43.3 36.55 38.8

IFCI 25-Mar-08 43.7 39.45 43.15

IFCI 26-Mar-08 44.65 42.2 43.15

IFCI 27-Mar-08 45.65 41.9 43.85

IFCI 28-Mar-08 46.85 43.55 46.45

IFCI 31-Mar-08 47.3 43.5 44.1

IFCI:

On 6th Dec a sell signal was given with RSI as 118.8 but it was failed.

48


49/76

On 17th Jan a buy signal was given at the point of 91.4. and it was achieved.

On 13th Feb a Signal was given with MFI at 13.4 but it was failed buy to achieve.

On 21st Feb a buy signal was given at the point of 76 and it was achieved.


TABLE 6


17 Dec

27 Dec

8 Jan

25 Jan

29 Feb

110.6

78.96

92.86

60.05

65.35

119.2*

80.68

96.63*

66.05

70.65

106

76.52*

86.92

56.45

61.75

129.8

83.12

102.57

69.65

74.25

91.4

74.8

83.15

50.45

56.45

Buy

Buy

Buy

Sell

Sell

Y

N

Y

Y

N

* Achieved

49


50/76

CHART 11

MOVING AVERAGE:

If c

0

2 0

4 0

6 0

8 0

1 0 0

1 2 0

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

D a t

Price

5 0 D a y

2 0 0 D a

D a i ly

f) Inference:

For Ifci, on 13th Feb a Signal was given with MFI at 13.4 but it was failed buy to

achieved, because of Moving average indicate the value of scrip is 70.66

50


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CHART 12

CANDLESTIC CHART:

I f c

0

2 0

4 0

6 0

8 0

1 0 0

1 2 0

1 / 2 / 2 0 0 8 1 / 1 6 / 2 0 0 8 1 / 3 0 / 2 0 0 8 2 / 1 3 / 2 0 0 8 2 / 2 7 / 2 0 0 8 3 / 1 2 / 2 0 0 8 3 / 2 6 / 2 0 0 8

D a

Price

O p e n P

H i g h P r

L o w P r i

C lo s e P

7) I-FLEX:


51


52/76

I-FLEX 1-Jan-08 1528 1505 1511

I-FLEX 2-Jan-08 1525 1481.1 1509.65

I-FLEX 3-Jan-08 1525 1475 1482.7

I-FLEX 4-Jan-08 1514 1465.05 1476.55

I-FLEX 7-Jan-08 1490 1427.35 1453

I-FLEX 8-Jan-08 1484 1422 1466.1

I-FLEX 9-Jan-08 1615 1470 1585.55

I-FLEX 10-Jan-08 1679.9 1490 1520.9

I-FLEX 11-Jan-08 1549 1453 1483.2

I-FLEX 14-Jan-08 1519.9 1453 1481.2

I-FLEX 15-Jan-08 1507 1421 1439.1

I-FLEX 16-Jan-08 1475 1400 1448.55

I-FLEX 17-Jan-08 1466.85 1422.1 1429.25

I-FLEX 18-Jan-08 1430 1353.55 1381.95

I-FLEX 21-Jan-08 1434.5 1099 1126.95

I-FLEX 22-Jan-08 1299.9 889 967.6

I-FLEX 23-Jan-08 1140 971.1 1070.35

I-FLEX 24-Jan-08 1133.95 931 965.95

I-FLEX 25-Jan-08 1130 1034 1115

I-FLEX 28-Jan-08 1115 1001.15 1076.95

I-FLEX 29-Jan-08 1139 1052.55 1075.2

I-FLEX 30-Jan-08 1075 995 1002.55

I-FLEX 31-Jan-08 1045 925 940.85

I-FLEX 1-Feb-08 1078 962 1064

I-FLEX 4-Feb-08 1149.9 1081.3 1127.4

I-FLEX 5-Feb-08 1155 1083 1094.65

I-FLEX 6-Feb-08 1087 1040 1074.9

I-FLEX 7-Feb-08 1090 1011 1018.15

I-FLEX 8-Feb-08 1075 1000 1040.25

I-FLEX 11-Feb-08 1065 984 1007.95

I-FLEX 12-Feb-08 1050 990 1001.3

I-FLEX 13-Feb-08 1038 956.6 998.05

I-FLEX 14-Feb-08 1045 1010 1023.4

I-FLEX 15-Feb-08 1030 1015 1025.15

52


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I-FLEX 18-Feb-08 1050 1029.95 1035.3

I-FLEX 19-Feb-08 1115 1036.05 1101.6

I-FLEX 20-Feb-08 1139 1050.05 1059.45

I-FLEX 21-Feb-08 1106.8 1040.05 1056.6

I-FLEX 22-Feb-08 1105 1045.1 1054.3

I-FLEX 25-Feb-08 1085 1026 1071.65

I-FLEX 26-Feb-08 1122 1080 1109.85

I-FLEX 27-Feb-08 1177 1080 1098.05

I-FLEX 28-Feb-08 1124 1061 1089.25

I-FLEX 29-Feb-08 1115 1029.3 1078.95

I-FLEX 3-Mar-08 1080 1020 1042.55

I-FLEX 4-Mar-08 1075 1017 1048.25

I-FLEX 5-Mar-08 1070 1030.15 1039.2

I-FLEX 7-Mar-08 1032 983 1001.5

I-FLEX 10-Mar-08 1040 946.4 1015.5

I-FLEX 11-Mar-08 1065 992.5 1054.65

I-FLEX 12-Mar-08 1100 1000 1007.45

I-FLEX 13-Mar-08 1010 952 959.1

I-FLEX 14-Mar-08 992 920 983.15

I-FLEX 17-Mar-08 970 925 942.95

I-FLEX 18-Mar-08 958.5 925.1 936.5

I-FLEX 19-Mar-08 978 922 925.55

I-FLEX 24-Mar-08 950 895 908.25

I-FLEX 25-Mar-08 1008 913.5 992.55

I-FLEX 26-Mar-08 1027 974 986.85

I-FLEX 27-Mar-08 1003 935 947.1

I-FLEX 28-Mar-08 994 956 984.4

I-FLEX 31-Mar-08 985 935 941.1

I-FLEX:

On 24th Dec short term momentum cut its long term average at bottom a sell signal

was indicated and it was achieved at1499.

53


54/76

On 14th Jan a bus signal was imposed by moving up than the long-term average at

1232.12 and it was also achieved.

On 16th Jan a sell signal was given due to RSI as 57.6 at 1118.51 and it was failed.

On 29th Feb a buy signal was given at 1086.2 and it was achieved.


TABLE 7


3 Dec

11 Dec

3 Jan

23 Jan

21 Feb

1526.2

1592

1494.2

1060.48

1067.8

1577.5

1612

1513

1149.8

1095.58

1482.5

1560

1463.4

980.9

1028.8

1621.2

1644

1543.8

1229.3

1134.58

1431.7

1546

1574.6

892.38

1173.58

Buy

Buy

Sell

Buy

Sell

Y

N

Y

N

N

* Achieved

54


55/76

CHART 13

MOVING AVERAGE:

I - f l e

0

5 0 0

1 0 0 0

1 5 0 0

2 0 0 0

2 5 0 0

3 0 0 0

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

D a t

Price

5 0 D a

2 0 0 D

D a i l y

g) Inference:

For I-flex, on 24th Dec short term momentum cut its medium term average at bottom a

sell signal was indicated and it was achieved at1502.

55


56/76

CHART 14

CANDLESTIC CHART:

I - f

0

2 0 0

4 0 0

6 0 0

8 0 0

1 0 0 0

1 2 0 0

1 4 0 0

1 6 0 0

1 8 0 0

1 / 1 / 2 0 0 81 / 8 / 2 0 0 81 / 1 5 / 2 0 0 81 / 2 2 / 2 0 0 81 / 2 9 / 2 0 0 82 / 5 / 2 0 0 82 / 1 2 / 2 0 0 82 / 1 9 / 2 0 0 82 / 2 6 / 2 0 0 83 / 4 / 2 0 0 83 / 1 1 / 2 0 0 83 / 1 8 / 2 0 0 83 / 2 5 / 2 0 0 8

D

O p e

H i g h

L o w

C l o s

56


57/76

8) MOSERBAER:


MOSERBAER 1-Jan-08 122 113 121

MOSERBAER 2-Jan-08 128 121.05 127.4

MOSERBAER 3-Jan-08 129.95 124 124.95

MOSERBAER 4-Jan-08 126.95 122.15 123.45

MOSERBAER 7-Jan-08 125 99 122.55

MOSERBAER 8-Jan-08 124.75 118 119.1

MOSERBAER 9-Jan-08 122.7 115.85 119.6

MOSERBAER 10-Jan-08 121.9 116.9 117.1

MOSERBAER 11-Jan-08 118 112.5 115.8

MOSERBAER 14-Jan-08 128.8 117.4 119.1

MOSERBAER 15-Jan-08 120.2 116 116.45

MOSERBAER 16-Jan-08 116 111 114.55

MOSERBAER 17-Jan-08 119.9 114.55 117.45

MOSERBAER 18-Jan-08 116.8 108.05 109.95

MOSERBAER 21-Jan-08 111.85 88 96.6

MOSERBAER 22-Jan-08 97 71.15 86.4

MOSERBAER 23-Jan-08 100.4 91 97.05

MOSERBAER 24-Jan-08 101 89.1 92.3

MOSERBAER 25-Jan-08 102.9 94.05 101.5

MOSERBAER 28-Jan-08 109 95 106.55

MOSERBAER 29-Jan-08 111 98.9 102.9

MOSERBAER 30-Jan-08 106.9 93.5 95.4

MOSERBAER 31-Jan-08 96.9 91 91.9

MOSERBAER 1-Feb-08 94.9 91.6 93.5

MOSERBAER 4-Feb-08 98.75 95.75 97

MOSERBAER 5-Feb-08 97.95 95.4 95.85

MOSERBAER 6-Feb-08 96.05 89 95.5

MOSERBAER 7-Feb-08 97.3 92 92.7

MOSERBAER 8-Feb-08 94.75 89.2 90.95

MOSERBAER 11-Feb-08 92.25 86.3 89.05

MOSERBAER 12-Feb-08 91.7 85.5 86

57


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MOSERBAER 13-Feb-08 89.05 83.4 85.35

MOSERBAER 14-Feb-08 98 87.75 96.95

MOSERBAER 15-Feb-08 100.4 93.8 98.6

MOSERBAER 18-Feb-08 100.7 95.5 97.45

MOSERBAER 19-Feb-08 99.75 97.5 97.95

MOSERBAER 20-Feb-08 99.9 95.1 98.3

MOSERBAER 21-Feb-08 99.75 94.25 95.95

MOSERBAER 22-Feb-08 96.9 93.15 95.35

MOSERBAER 25-Feb-08 96.8 93.05 95

MOSERBAER 26-Feb-08 97.5 95 97.1

MOSERBAER 27-Feb-08 100.35 96.6 98.15

MOSERBAER 28-Feb-08 98.05 95.4 97.95

MOSERBAER 29-Feb-08 99 93.65 98.2

MOSERBAER 3-Mar-08 96.95 92 92.2

MOSERBAER 4-Mar-08 94 88 91.15

MOSERBAER 5-Mar-08 91.85 85.65 86.5

MOSERBAER 7-Mar-08 85.5 78.8 79.45

MOSERBAER 10-Mar-08 82.1 75.25 79.9

MOSERBAER 11-Mar-08 81.45 78.7 80.65

MOSERBAER 12-Mar-08 86.25 77.6 78.1

MOSERBAER 13-Mar-08 78 73.3 74.15

MOSERBAER 14-Mar-08 76.9 74.05 76

MOSERBAER 17-Mar-08 76.85 70.15 72.7

MOSERBAER 18-Mar-08 75.7 70.5 71.25

MOSERBAER 19-Mar-08 75 71 71.55

MOSERBAER 24-Mar-08 74.25 71.15 73.05

MOSERBAER 25-Mar-08 80.95 73.5 80.5

MOSERBAER 26-Mar-08 82 77.6 79.05

MOSERBAER 27-Mar-08 80.75 77.2 79.25

MOSERBAER 28-Mar-08 79.4 77 79.05

MOSERBAER 31-Mar-08 78.5 74.3 74.95

MOSERBAER:

58


59/76

Buy Signal was given at the point of 285.64 on 10th Dec and it was achieved.

On 22nd Jan a sell signal was given by RSI at 59.7 and it was achieved at 180.6

On 28th Jan a buy signal was given at 176.4 and it was also achieved

On 4th Feb sell signal was given because of RSI at 61.6 and it was failed.


TABLE 8


7 Dec

31 Dec

14 Jan

28 Jan

27 Feb

301.4

301.6

290.2

219.56

170.13

313.8

318

296.1

234

190.21

293.1

291.9

284.5

216.7

157.31

322.1

327.7

301.8

242.86

203.03

280.7

275.5

278.6

202.26

137.73

Buy

Sell

Buy

Sell

Sell

Y

Y

Y

N

N

* Achieved

59


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CHART 15

MOVING AVERAGE:

M o s e r b

0

1 0 0

2 0 0

3 0 0

4 0 0

5 0 0

6 0 0

4/2

/2007

5/2

/2007

6/2

/2007

7/2

/2007

8/2

/2007

9/2

/2007

10/2/

2007

11/2/

2007

12/2/2007

1/2

/2008

2/2

/2008

3/2

/2008

D a t

Price

5 0 D a

2 0 0 D

D a i l y

h) Inference:

For Moser Baer on 28th Jan a buy signal was given at 176.4, because of that day Resistance

level indicate 234.

60


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CHART 16

CANDLESTIC CHART:

M o s e r b

05 0

1 0 01 5 02 0 02 5 03 0 03 5 04 0 0

1/1/20

08

1/8/20

08

1/15

/200

8

1/22

/200

8

1/29

/200

8

2/5/20

08

2/12

/200

8

2/19

/200

8

2/26

/200

8

3/4/20

08

3/11

/200

8

3/18

/200

8

3/25

/200

8

D a t

Price

O p e n P r

H i g h P r i

L o w P r ic

C l o s e P r

9) SYNDIBANK:


61


62/76

SYNDIBANK 1-Jan-08 122 113 121

SYNDIBANK 2-Jan-08 128 121.05 127.4

SYNDIBANK 3-Jan-08 129.95 124 124.95

SYNDIBANK 4-Jan-08 126.95 122.15 123.45

SYNDIBANK 7-Jan-08 125 99 122.55

SYNDIBANK 8-Jan-08 124.75 118 119.1

SYNDIBANK 9-Jan-08 122.7 115.85 119.6

SYNDIBANK 10-Jan-08 121.9 116.9 117.1

SYNDIBANK 11-Jan-08 118 112.5 115.8

SYNDIBANK 14-Jan-08 128.8 117.4 119.1

SYNDIBANK 15-Jan-08 120.2 116 116.45

SYNDIBANK 16-Jan-08 116 111 114.55

SYNDIBANK 17-Jan-08 119.9 114.55 117.45

SYNDIBANK 18-Jan-08 116.8 108.05 109.95

SYNDIBANK 21-Jan-08 111.85 88 96.6

SYNDIBANK 22-Jan-08 97 71.15 86.4

SYNDIBANK 23-Jan-08 100.4 91 97.05

SYNDIBANK 24-Jan-08 101 89.1 92.3

SYNDIBANK 25-Jan-08 102.9 94.05 101.5

SYNDIBANK 28-Jan-08 109 95 106.55

SYNDIBANK 29-Jan-08 111 98.9 102.9

SYNDIBANK 30-Jan-08 106.9 93.5 95.4

SYNDIBANK 31-Jan-08 96.9 91 91.9

SYNDIBANK 1-Feb-08 94.9 91.6 93.5

SYNDIBANK 4-Feb-08 98.75 95.75 97

SYNDIBANK 5-Feb-08 97.95 95.4 95.85

SYNDIBANK 6-Feb-08 96.05 89 95.5

SYNDIBANK 7-Feb-08 97.3 92 92.7

SYNDIBANK 8-Feb-08 94.75 89.2 90.95

SYNDIBANK 11-Feb-08 92.25 86.3 89.05

SYNDIBANK 12-Feb-08 91.7 85.5 86

SYNDIBANK 13-Feb-08 89.05 83.4 85.35

SYNDIBANK 14-Feb-08 98 87.75 96.95

SYNDIBANK 15-Feb-08 100.4 93.8 98.6

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SYNDIBANK 18-Feb-08 100.7 95.5 97.45

SYNDIBANK 19-Feb-08 99.75 97.5 97.95

SYNDIBANK 20-Feb-08 99.9 95.1 98.3

SYNDIBANK 21-Feb-08 99.75 94.25 95.95

SYNDIBANK 22-Feb-08 96.9 93.15 95.35

SYNDIBANK 25-Feb-08 96.8 93.05 95

SYNDIBANK 26-Feb-08 97.5 95 97.1

SYNDIBANK 27-Feb-08 100.35 96.6 98.15

SYNDIBANK 28-Feb-08 98.05 95.4 97.95

SYNDIBANK 29-Feb-08 99 93.65 98.2

SYNDIBANK 3-Mar-08 96.95 92 92.2

SYNDIBANK 4-Mar-08 94 88 91.15

SYNDIBANK 5-Mar-08 91.85 85.65 86.5

SYNDIBANK 7-Mar-08 85.5 78.8 79.45

SYNDIBANK 10-Mar-08 82.1 75.25 79.9

SYNDIBANK 11-Mar-08 81.45 78.7 80.65

SYNDIBANK 12-Mar-08 86.25 77.6 78.1

SYNDIBANK 13-Mar-08 78 73.3 74.15

SYNDIBANK 14-Mar-08 76.9 74.05 76

SYNDIBANK 17-Mar-08 76.85 70.15 72.7

SYNDIBANK 18-Mar-08 75.7 70.5 71.25

SYNDIBANK 19-Mar-08 75 71 71.55

SYNDIBANK 24-Mar-08 74.25 71.15 73.05

SYNDIBANK 25-Mar-08 80.95 73.5 80.5

SYNDIBANK 26-Mar-08 82 77.6 79.05

SYNDIBANK 27-Mar-08 80.75 77.2 79.25

SYNDIBANK 28-Mar-08 79.4 77 79.05

SYNDIBANK 31-Mar-08 78.5 74.3 74.95

SYNDIBANK:

A Buy signal was given on 17th Dec at 110.25 and it was achieved.

On Jan 1st sell Signal was given at a point of 105.87and it was also done.

On 14th Jan a buy signal can be given due to RSI at 114.72 but it was not achieved.

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On 29tht Feb a buy signal was achieved at a point of 99.08


TABLE 9


7 Dec

14 Dec

14 Jan

22 Jan

18 Feb

115.18

108.93

121.76

84.85

97.88

120

121.86

126.13

98.55

100.26

108.36

101.36

114.72

72.7

95.06

126.82

129.43

133.17

110.7

103.08

103.54

88.43

110.35

59

92.68

Buy

Buy

Buy

Buy

Sell

N

N

N

Y

N

* Achieved

CHART 17

64


65/76

MOVING AVERAGE:

S y n d i B

0

2 0

4 0

6 0

8 0

1 0 0

1 2 0

1 4 0

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

D a t

Price

5 0 D a y

2 0 0 D a

D a i ly

i) Inference:

For Syndibank, on Jan 1st sell Signal was given at a point of 125.7but candlestick also

represent bull market.

CHART 18

65


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CANDLESTIC CHART:

S y n d i

0

2 0

4 0

6 0

8 0

1 0 0

1 2 0

1 4 0

1 / 1 / 2 0 0 8 1 / 1 5 / 2 0 0 81 / 2 9 / 2 0 0 82 / 1 2 / 2 0 0 82 / 2 6 / 2 0 0 83 / 1 1 / 2 0 0 83 / 2 5 / 2 0 0 8D a

O p e n

H i g h

L o w P

C l o s e

10) WOCKPHARMA:

Company Name Date Open price High price Close price

WOCKPHARMA 1-Jan-08 425 418 419.8

WOCKPHARMA 2-Jan-08 439.3 418.1 434.65

WOCKPHARMA 3-Jan-08 437.95 423.1 424.8

WOCKPHARMA 4-Jan-08 435 420.1 424

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WOCKPHARMA 7-Jan-08 435 421 430.8

WOCKPHARMA 8-Jan-08 435 411 414.75

WOCKPHARMA 9-Jan-08 440 408 419.05

WOCKPHARMA 10-Jan-08 425.75 410.1 417.4

WOCKPHARMA 11-Jan-08 421.35 411.35 419.5

WOCKPHARMA 14-Jan-08 425 410 412.1

WOCKPHARMA 15-Jan-08 420.9 410 415.85

WOCKPHARMA 16-Jan-08 415 403 407.9

WOCKPHARMA 17-Jan-08 418 404 410.55

WOCKPHARMA 18-Jan-08 418 399 409.25

WOCKPHARMA 21-Jan-08 400 338 362.15

WOCKPHARMA 22-Jan-08 380 270.1 321.2

WOCKPHARMA 23-Jan-08 359.05 324.1 346.15

WOCKPHARMA 24-Jan-08 360 325 327.3

WOCKPHARMA 25-Jan-08 383.4 333 375.15

WOCKPHARMA 28-Jan-08 369 347.05 364.15

WOCKPHARMA 29-Jan-08 390 364.15 380.55

WOCKPHARMA 30-Jan-08 385 363 365.1

WOCKPHARMA 31-Jan-08 365 345.25 353

WOCKPHARMA 1-Feb-08 366 351.2 363.9

WOCKPHARMA 4-Feb-08 379.85 360 362.65

WOCKPHARMA 5-Feb-08 366 352.6 359.9

WOCKPHARMA 6-Feb-08 357 343 351.55

WOCKPHARMA 7-Feb-08 356 340 340.6

WOCKPHARMA 8-Feb-08 339.9 321.15 332

WOCKPHARMA 11-Feb-08 332.9 303.6 310.25

WOCKPHARMA 12-Feb-08 320 298 300.3

WOCKPHARMA 13-Feb-08 318.9 305 314.85

WOCKPHARMA 14-Feb-08 337 315.25 333.5

WOCKPHARMA 15-Feb-08 350 321 345.4

WOCKPHARMA 18-Feb-08 347 339.05 341.1

WOCKPHARMA 19-Feb-08 347.35 339 345.25

WOCKPHARMA 20-Feb-08 348 338 340.5

WOCKPHARMA 21-Feb-08 366 345 360.75

WOCKPHARMA 22-Feb-08 359 345 348.35

WOCKPHARMA 25-Feb-08 365.9 342 343.6

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WOCKPHARMA 26-Feb-08 350 335.3 336.9

WOCKPHARMA 27-Feb-08 348 327.25 330.9

WOCKPHARMA 28-Feb-08 340.6 328.3 332.15

WOCKPHARMA 29-Feb-08 341 330 337.3

WOCKPHARMA 3-Mar-08 348 330.05 339.1

WOCKPHARMA 4-Mar-08 342 325 328.05

WOCKPHARMA 5-Mar-08 331.5 320 323.9

WOCKPHARMA 7-Mar-08 321 300 301.85

WOCKPHARMA 10-Mar-08 303 293.15 298.85

WOCKPHARMA 11-Mar-08 308 294.15 304.6

WOCKPHARMA 12-Mar-08 316.95 304.05 306.85

WOCKPHARMA 13-Mar-08 309 285.55 297.5

WOCKPHARMA 14-Mar-08 305 294 298.5

WOCKPHARMA 17-Mar-08 298 271 275.15

WOCKPHARMA 18-Mar-08 280 265.55 273.8

WOCKPHARMA 19-Mar-08 298 256 260.55

WOCKPHARMA 24-Mar-08 267 245 252.2

WOCKPHARMA 25-Mar-08 264.4 253 262.75

WOCKPHARMA 26-Mar-08 269.45 259 261.25

WOCKPHARMA 27-Mar-08 265 251 255

WOCKPHARMA 28-Mar-08 268 258 266.2

WOCKPHARMA 31-Mar-08 276.8 261.55 266.3

WOCKPHARMA:

On 9th Dec a buy signal given at a point of 391.1 and it was failed one.

On 16th Jan a buy signal was given at a point of 420.5 and it was failed to achieve it.

On 22nd Jan a buy signal can be given at the point of 277 .4and it was achieved.

On 25th Feb a buy signal was given and it was achieved one resistance level at

335.1

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TABLE 10


3 Dec

20 Dec

4 Jan

22 Jan

25 Feb

393.5

411.9

415.7

313.7

350.5

403.8

417.8

421.4

357.43

359

386.9

401.8

406.4

277.4

335.1

410.4

427.9

430.7

393.73

374.4

376.6

395.9

400.7

233.67

326.6

Buy

Buy

Buy

Sell

Sell

Y

N

Y

N

N

* Achieved

69


70/76

CHART 19

MOVING AVERAGE;

W o c k P h a

0

5 01 0 01 5 02 0 02 5 03 0 03 5 04 0 04 5 05 0 0

4/2/2007

5/2/2007

6/2/2007

7/2/2007

8/2/2007

9/2/2007

10/2/2007

11/2/2007

12/2/2007

1/2/2008

2/2/2008

3/2/2008

D a t

Price

5 0 D a y

2 0 0 D a

D ai ly

j) Inference:

For Wockpharma on 25th Feb a buy signal was given and it was achieved one resistance

level at 335.1.

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CHART 20

CANDLESTIC CHART:

w o c k P

0

5 0

1 0 0

1 5 0

2 0 0

2 5 0

3 0 0

3 5 0

4 0 0

4 5 0

5 0 0

1 / 1 / 2 0 0 8 1 / 1 5 / 2 0 0 81 / 2 9 / 2 0 0 82 / 1 2 / 2 0 0 82 / 2 6 / 2 0 0 83 / 1 1 / 2 0 0 83 / 2 5 / 2 0 0 8D a

rce

O p e n

H i g h

L o w P

C l o s e

71


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CHAPTER 4

4.1) Findings

For Apollo Tyre, on 14th Dec. candlestick represents as bearish trend but resistance

level 1 is achieved. That is that level is 52.02 it was broken but not reaches the

resistance level 2.ie (52.76).

For Ashok Leyland on 25th Feb., RSI indicated 36.2, it indicated the buy signal, and

also moving average also indicates the buy signal 35.9. The scrip achieved.

For Asian paints, on 22nd Jan a buy signal given at a point 844.05an it achieved, it

indicates through Moving average and RSI.

For Auropharma on 7thDec RSI represents as 80.55, but candle stick represents

the bullish pattern and the resistance level 2 (R2) is 538.05, so all the tools

indicate sell signal, and it was achieved

For Aventis on 17th Jan a sell signal given because of bearish trend given by candle

stick pattern and Moving average represents the value 1026 .this is the time to sell,

and it was achieved.

For Ifci, on 13th Feb a Signal was given with MFI at 13.4 but it was failed buy to

achieved, because of Moving average indicate the value of scrip is 70.66

For I-flex, on 24th Dec short term momentum cut its medium term average at bottom a

sell signal was indicated and it was achieved at1502.

For Moserbaer on 28th Jan a buy signal was given at 176.4, because of that day

Resistance level indicate 234.

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For Syndibank, on Jan 1st sell Signal was given at a point of 125.7but candlestick

also represent bull market.

For Wockpharma on 25th Feb a buy signal was given and it was achieved one

resistance level at 335.1. (Refer chart no 3.11)

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4.2) Suggestions

New investor has to established their investments goals based on the risk

tolerance this develop a person investments strategy. Once investor has chosen yourfinancial advisor, ask him or her which equity shares are appropriate investments for

them.

The investor usually evaluate the rate of return mode, it may be in form of Dividend,

Bonus shares, Right shares, and Market position.

Before enter into share market every investor should know about the

fundamental analysis and technical analysis, then only he can realize the market

position.

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4.3) Conclusion:

Technical analysis tools are used to the investor to get knowledge about the

future movement of scrips, the technical analysis is not understood and used in a

single day.

Investors get benefits from the technical analysis were used to develop the

market share and enjoy the project benefit.

Share market like a wild forest, if we want to cross that, we can use

torchlight also, like a technical analysis.

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BIBILIOGRAPHY:

Security Analysis and Portfolio Management - Punithavathi Pandean 2005 Edition

Investment Management - V.A. Avadhani - 2005 Edition

How to get More Money? - Soma. Valliappan - 2002 Edition

Security Analysis and Portfolio Management - Preethi Singh - 2003 Edition

Research Methodology - Kothari - 2007 Edition

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