Technical Analysis and Price forecast of NSE-listed stocks in Pharmaceutical Sector

International Journal of Economics and Management Studies

© 2021 by SSRG - IJEMS Journal

Volume 8 Issue 4

Year of Publication : 2021

Authors : Sunanda Deshpande, Kapil Deshpande

10.14445/23939125/IJEMS-V8I4P110

How to Cite?

Sunanda Deshpande, Kapil Deshpande, "Technical Analysis and Price forecast of NSE-listed stocks in Pharmaceutical Sector," SSRG International Journal of Economics and Management Studies, vol. 8,  no. 4, pp. 76-81, 2021. Crossref, https://doi.org/10.14445/23939125/IJEMS-V8I4P110

Abstract:

The stock market is the most attractive place today to make money for those who understand finance. The most critical factor when making Investments in stocks are intended to forecast future market patterns, volume fluctuations and the uncertainty or risk involved. Therefore, technical analysis plays a hand. The very important task of predicting future price ups and downs and thus enabling investors to make the most of their investments.
For performing technical analysis, various techniques such as beta calculations, relative strength index, exponential moving averages and predicting future market patterns using mean and standard deviation can be used. This paper focuses on the technical review of major pharmaceutical companies listed on the National Stock Exchange (NSE). The shares' price movements are subject to a cyclical trend that repeats itself over various intervals. This analysis therefore uses the past data to measure the indices concerned and to forecast future price trends using Brownian motion price forecasting model and Monte Carlo simulation.

Keywords:

Beta calculations, Relative Strength Index, Exponential moving averages and Moving Average Convergence and Divergence, Price forecasting, Brownian motion model, Monte Carlo Simulation

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