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%

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

2

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.

1.2.2) Group Structure

1.2.3) Religare Finvest Ltd

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
5

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 Karvy Computershare Private Ltd Tel: 30815100/66552200, , , Fax: 30815288, Email: investorservices@religare.in Website: www.religare.in Key Officials Name Malvinder Mohan Singh Sunil Godhwani Ravi Batra Other Details Listings BSE , NSE Designation Chairman / Chair Person Managing Director Company Secretary and Compliance Officer Incorporation 30/01/1984 Public Issue Date 29/10/2007 Plot No. 17-24, Vittal Rao Nagar, Madhapur, Hyderabad - 500081, Andhra Pradesh. Tel: 23420818, 23420824

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 6

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

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 8

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 underdeveloped. 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 9

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 France Marketing 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 11

. 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 a wide 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. 13

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 the Relative Strength Index (RSI), which is a comparison between the days that a stock finishes up and the days it finishes down. 14

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 n = (Avg. of n-day up closes) / (Avg. of n-day down closes) = days (most analysts use 9 - 15 day RSI)

The RSI ranges from 0 to 100. At around the 70 levels, a stock is considered overbought and 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 : Project Period : 01-mar-2007 to 31-mar-2008 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.

15

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 overbought and you should consider selling. Likewise, if the MFI approaches 20, a stock is considered oversold and 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.

17

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 shortterm 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.

18

This is a bullish pattern - the stock opened at (or near) its low and closed near its high.

The opposite of the pattern above, this is a bearish 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. 19

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 (2*P)-L (2*P)-H P+(R1-S1) P-(R1-S1)

First Resistance Level (R1) = First Support Level (S1) =

Second Resistance Level (R2) = Second Support Level (S2) =

20

21

CHAPTER 3

3.1 ANALYSIS AND INTREPRETATION

Company Name APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE

Date 1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 13-Feb-08 14-Feb-08 15-Feb-08

High Price 59 62.4 61.9 60.9 62.4 59.2 56 55.65 51.9 56.9 58.5 55.15 56.75 55.95 52.6 48.8 49.85 50.45 50.05 48.35 49.4 47.95 46.6 50.35 51 51.2 49 50.3 47.95 46 45.25 45.8 47.4 46.8

Low Price 53.9 54.7 59.1 56.65 56.75 54 53.1 50 48.7 49.9 51.45 50.2 54.75 52.1 42.2 36 40 45.05 45.75 45.25 46.8 45.3 44 43.75 49.1 48.2 45.2 46.4 45.55 42 41.1 42.5 43.75 44.6

Close Price 58.05 61.2 59.85 57.95 57.55 54.8 54.35 50.7 49.35 55.3 52.45 54.25 55.8 52.7 48.1 43.1 47.5 45.75 49.25 47.8 47.6 45.8 44.6 48.7 49.55 49.95 48.2 47 46 42.6 44 42.9 46.85 46.05

22

APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE APOLLOTYRE

18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

47.1 47.25 46.95 46.4 45.2 45.3 45 46 45.8 45.45 44.9 44.3 45 43.85 42.75 43.4 44.8 41.4 41.05 40 38.7 38.6 38.2 44.95 44.6 42.2 42.25 43.35

45.5 45.25 45 45.05 44 44 44.35 44.75 44.55 41.75 41.85 42.2 42.05 41.5 40.2 41.25 41 39 38.45 35.25 36.1 36.7 35.1 37.25 41.1 40.5 40.75 41

45.9 45.5 45.3 45.2 44.5 44.15 44.5 45.3 45.35 43.9 43.1 42.65 44.2 43.15 42.3 42.45 41.4 39.5 39.8 38.7 36.5 37.1 37.45 43.05 41.7 41.1 42 41.3

23

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 20 Dec 24 Dec 1 Jan 3 Jan 12 Feb P 47.92 49.48 56.98 60.28 62.53 R1 49.83 49.96 60.06* 61.46 45.8 46.5 S1 45.59* 48.96 54.96 58.66* 41.65* 44.55 R2 52.16 50.48 62.08 63.08 47.6 44.7 S2 43.68 48.48 51.88 57.48 39.3 43.8 Call Sell Buy Buy Sell Sell Buy Result Yes No Yes No Yes No

20 Feb 63.01 * Achieved

24

CHART 1 Moving Average

A p o llo ty r e
450 400 350 300 250 200 150 100 50 0 4/2/2007 7/2/2007 1/2/2008 2/2/2008 5/2/2007 6/2/2007 8/2/2007 9/2/2007 10/2/2007 11/2/2007 12/2/2007 3/2/2008

50 D a ys 200 D ays D a ily

Price

D a te

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)

25

CHART 2

Candlestick

A p o llo T y r e
70 60 50 40 30 20 10 0 1/1/2008 1/8/2008 2/5/2008 1/15/2008 1/22/2008 2/12/2008 2/19/2008 2/26/2008 3/4/2008 3/11/2008 3/18/2008 3/25/2008 1/29/2008

O p e n P ric e H ig h P ric e L o w P ric e C lo s e P r i c e

Price

D a te

2) ASHOKLEYLAND: 26

Company Name ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY

Date 1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 13-Feb-08 14-Feb-08 15-Feb-08

High price 53.2 52.9 53.5 55.3 57.35 57.5 55.8 55.4 52 50.95 50.8 48.1 49.1 48.9 46 36.7 38.45 39.7 38.5 37 38.4 38 36.4 35.45 38 37.85 40 39.85 37.5 37 36 35.25 36.2 36.45

Low price 51.7 51.05 51.05 52.75 43.9 53.1 51.65 50.25 49.25 49.3 47.6 46 47.1 45.25 33 26.15 31.7 33.8 36.05 35 35.8 35.4 33.3 33.75 35.55 36.55 35.15 36.9 35.8 34.4 33.7 34 35 35.1

Close price 52.1 51.9 52.6 54 56.35 54.05 54.3 51.1 50.3 49.6 48.1 47.3 48.25 45.9 36.1 32.1 37.1 36 37.5 36.65 36.35 35.75 33.95 34.85 37.35 37.4 38.3 37.1 36.45 34.75 34.05 34.35 36 36.35

27

ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY ASHOKLEY

18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

37.45 37.7 36.8 36.65 36.25 36.35 36.75 36.75 36.15 37.85 38.4 37.45 37 36.3 35.75 36.45 37.1 35.45 35.05 34.1 34.25 35.7 33 33.5 33.75 33.4 34.9 35.6

36 36.85 35.6 35.75 35.05 35.2 36 35.5 35.25 35.3 35.95 35.5 35.8 34.1 33.55 34.5 35.15 34 33.6 33.1 33.2 32 30.6 31.9 32.65 32.65 33 34

37.05 37 35.85 36.05 36.05 35.9 36.25 35.7 35.6 37.45 36.65 35.9 36.75 35.2 35.1 35.95 35.55 34.3 34.55 33.7 33.4 32.2 31.5 33.25 32.95 33 34.5 35.4

28

ASHOKLEYLAND: A sell signal was given at a point 45.76 when MFI showed 73.2 but it was failed. A buy signal was given by RSI and moving average at 56 and it achieved. On 14th Jan a sell signal was achieved at a point of 49.18 and it was done. On 25h Feb RSI indicated as 36.2 and facilitate to buy signal and it was achieved The following are some targets and stop losses.

TABLE 2
Date 18 Dec 31 Dec 7 Jan 28 Jan 19 Feb P 48.43 51.51 52.53 36.21 37.18 R1 49.76 52.98 61.16 37.43 37.51 S1 47.06 50.57 47.71 35.42 36.66 R2 51.13 53.92 65.98 38.22 38.03 S2 45.73 49.1 35.08 34.2 36.33 Call Buy Buy Buy Buy Sell Result N Y N Y N

* Achieved

29

CHART 3

MOVING AVERAGE:

Ashok leyland 60 50 40 30 20 10 0 4/2/2007 5/2/2007 6/2/2007 7/2/2007 8/2/2007 9/2/2007 10/2/2007 12/2/2007 1/2/2008 2/2/2008 11/2/2007 3/2/2008

Price

50 Days 200 Days Daily

Date

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

CHART 4

CANDLESTIC CHART:

A s h o k le y
70 60 50 40 Price 30 20 10 0 1 / 1 / 2 0 0 8/ 1 0 / 2 010/ 2 1 / 2 010/ 3 0 / 2 0 20 /8 / 2 0 02 8/ 1 9 / 2 020/ 2 8 / 2 030/ 1 1 / 2 030/ 2 4 / 2 0 0 8 1 8 8 8 8 8 8 D a te

O p e n P r ic e H ig h P r ic e L o w P r ic e C lo s e P r ic e

31

3) BELL:
Company Name BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL Date 1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 High price 2130 2165 2140 2125 2085 2105 2020 1980 1919.8 1910 1908.8 1980 1928.9 1880 1799.8 1800 1899 1899.9 1915 1790 1734 1650 1647.9 1605 1650 1612 1560 1524.8 1460 1500 1439 Low price 2080.05 2080 2052.25 2040.1 1992.6 2001 1945 1875 1836.25 1853 1870 1822.5 1870.9 1760 1700 1420 1600 1650 1750.05 1599 1615.2 1545.45 1505 1506 1580 1555 1494.1 1430.25 1372.6 1300 1360 Close price 2120.55 2107.15 2070.8 2056.2 2042.05 2010.25 1961.5 1914.35 1862.15 1895.15 1879 1891.85 1879.1 1816.35 1764.5 1564.1 1819.85 1747.35 1870.3 1697.95 1629.4 1615.45 1540.9 1558.75 1599.25 1563.5 1521 1440.55 1402.25 1427.1 1405.5

32

BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL BELL

13-Feb-08 14-Feb-08 15-Feb-08 18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

1441 1529.5 1513 1545 1529 1500 1510 1465 1485 1455 1479.7 1480 1504.85 1459 1400 1349.8 1403.55 1347.85 1390.85 1360 1360 1309.9 1350 1300 1296.95 1259.65 1246.9 1249.8 1209.95 1159 1145

1325 1441 1460.1 1494 1471.25 1452 1410 1395 1420.7 1431 1435 1417 1402 1345 1313 1309.05 1250 1252 1287 1331 1260 1252.05 1201.3 1220 1165 1170 1176.05 1164 1100 1071.6 1044.55

1439.45 1492.6 1492.7 1505.15 1482.1 1464.5 1417.55 1455.3 1436.25 1445.25 1450.8 1449.75 1437.2 1381.2 1326.65 1336.75 1308.05 1324.65 1305.65 1338.15 1292.95 1277.5 1237.75 1235.2 1199.7 1184 1189.9 1186.35 1112.5 1105.1 1067.4

BELL:

33

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. The following are some targets and stop losses.

TABLE 3
Date 3 Dec 21 Dec 10 Jan 22 Jan 4 Feb 22 Feb *Achieved P 988.88 1089.05 1176.8 1021.53 1203.35 1084.06 R1 997.71 1133.1* 1202.4* 1140.06 1230.7 1127.12 S1 977.76 1056.1 1146.65 844.06 1168.7 1053.12 R2 1008.83 1166.05 1232.55 1317.53 1265.35 1158.06 S2 968.93 1012.05 1121.05 725.53 1141.35 1010.06 Call Buy Buy Buy Buy Sell Buy Result Y Y Y Y Y Y

34

CHART 5

MOVING AVERAGE:

B e ll
2500 2000 Price 1500 1000 500 0 4/2/2007 6/2/2007 8/2/2007 9/2/2007 1/2/2008 10/2/2007 11/2/2007 12/2/2007 3/2/2008 5/2/2007 7/2/2007 2/2/2008 50 D ays 200 D ays D a ily

D a te

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

CHART 6
CANDLESTIC CHART:

2500 2000 1500 Price 1000 500

Bel

O p e n P ric e H ig h P ric e L o w P ric e C lo s e P r i c e

0 1 / 1 / 2 0 0 8 1 / 1 5 / 2 0 0 18 / 2 9 / 2 0 0 28 / 1 D /a2 t0e 0 28 / 2 6 / 2 0 0 3 / 1 1 / 2 0 0 3 / 2 5 / 2 0 0 8 2 8 8

36

4) AUROPHARMA:
Company Name AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA Date 1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 13-Feb-08 14-Feb-08 High price 554.8 553.35 552 543.45 536 533.8 520 518.8 499.5 495 480 459 453 440 411.35 359 357 358 374.6 389 381.9 389 336 307.7 302.9 307 315.5 314.6 311 314.45 306.5 305 302.9 Low price 543.3 538.25 535.2 530 525.1 516.75 504.95 489 475.6 475.3 453.15 435 431 405.2 331.85 223.7 299 320 330 339 354.95 329 288 288.05 294.25 295.2 293.5 295.25 298.05 295 300 277 291.5 Close price 548.6 546 537.1 532.45 530.2 519.8 506.95 495 484.95 477.8 457.05 440.25 434.9 411.35 367.65 318.6 316.45 326.3 365.25 361.8 378.85 332.75 292.85 292.85 297.65 304.35 310.2 297.7 310.05 299.35 301.95 291.65 295.45

37

AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA AUROPHARMA

15-Feb-08 18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

295 306 306.75 303.5 302.75 309 308.95 312.2 318.5 313.75 333 347.5 340 329.7 318 312 312.5 321 304 293.9 285 265 259.5 258.7 261.05 271.95 306 300 302.1

291 292 299 296.2 297.3 298.05 298.5 302.15 310 307 306.2 321 316.2 318 290 291.1 300.05 302 285.1 281 253.7 245.6 242.7 240.65 251 257.75 262.25 286 287.3

292.95 297.05 300.5 297.1 298.7 302.6 305.9 309.9 310.95 308.2 329.7 332.9 320.45 324.9 306.2 308.45 307.45 302.8 288.25 288.8 257.85 247.5 248.9 247.15 257.85 270.2 289.9 293.75 291.3

AUROPHARMA:

38

On 7thDec 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. The following are some targets and stop losses.

TABLE 4
Date 6 Dec 29 Dec 16 Jan 23 Jan P 513.1 540.7 444.75 324.15 R1 527.5 544.7 454.5 349.3 294.9 S1 503 535.6 430.5 291.3 290.9 R2 537.6 549.7 468.75 382.15 296.98 S2 488.6 531.6 420.75 266.15 288.98 Call Buy Sell Sell Sell Sell Result Y N Y Y Y

15 Feb 292.98 * Achieved

CHART 7
39

MOVING AVERAGE:

Au ro p h arm a
900 800 700 600 500 400 300 200 100 0 4/2/2007 5/2/2007 6/2/2007 7/2/2007 8/2/2007 9/2/2007 1/2/2008 2/2/2008 10/2/2007 11/2/2007 12/2/2007 3/2/2008

5 0 D a ys 2 0 0 D a ys D a ily

Price

D a te

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

CHART 8
CANDLESTIC CHART:

A u ro P h a rm a
600 500 400 O p e n P ric e Price 300 200 100 0 1 /1 /0 81 /8 / 0 81 /1 5 / 0 18 /2 2 /0 18 /2 9 /0 2 /5 /0 82 / 1 2 /0 28 /1 9 /0 28/ 2 6 /0 3 / 4 /0 83 /1 2 /0 38 /1 9 /0 38 /2 8 /0 8 8 8 D a te H ig h p ric e L o w P ric e C lo s e P r i c e

5) CHENNAI PETROLEUM:
Company Name Date High price Low price Close price

41

Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum

1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 13-Feb-08 14-Feb-08 15-Feb-08 18-Feb-08 19-Feb-08 20-Feb-08

435 431 429 444 444 424.7 415 411 394 403 398 384.85 400.95 379.95 360 300 325 328.8 337.9 325 340 317.75 323 311.8 335 327.95 333.3 323.9 312 303 294.7 282 299.9 309.85 314.9 321.4 314

421 417.1 417 425.1 416.55 400.6 396.1 384 377.55 384 377.1 372 376.8 354 260 180.8 260 271.25 300.3 306.95 308 295.4 284.05 296 307 307.1 303 297 283.45 276 268 269.1 280.55 287 302.05 305.15 304.05

427.75 421.8 423.85 428.1 417.95 405.2 402.15 387.2 388.3 387.5 380.95 377.65 379.35 361.45 291.45 277.8 291.15 297.35 330.75 320 311.05 297.35 294.35 308.5 311.5 324.5 321.85 301.15 303.8 279.95 271.15 279.25 295.15 306.6 307.6 307.65 308.55

42

Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum Chennai petroleum

21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

318.85 308.5 308.8 318 318 316 307.8 304.2 302.95 308 303.8 295 299 309.95 289.9 275 270 256.95 259.5 277.7 275.5 285

300.1 295.15 296.25 305.05 313 292.65 295.05 290.05 291 298.05 286.05 276.45 285.15 289 269 267.05 248.05 241.5 249.6 256.15 260.2 266.1

304.5 303 305.75 313.05 315.55 300.7 300.65 297.55 300.85 301.75 289.8 292.45 287.2 291.3 272.55 274.35 251.6 244.4 254.1 262.7 273.05 281.05

43

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. The following are some targets and stop losses.

TABLE 5
Date 3 Dec 24 Dec 1 Jan 31 Jan P 999.8 1018.26 1139.3 914.48 R1 1011.66 921.47 1163.5 928.96 922.43 S1 990.6 856 1098.6 888.96 900.47 R1 1020.86 1083.73 1204.2 954.48 950.91 S2 978.8 952.79 1074.4 874.48 892.75 Call Sell Sell Buy Buy Buy Result Y Y N Y Y

25 Feb 914.71 * Achieved

44

CHART 9
MOVING AVERAGE:

C h e n n a i P e tr o liu m
500 450 400 350 300 250 200 150 100 50 0 5/2/2007 8/2/2007 9/2/2007 1/2/2008 10/2/2007 11/2/2007 12/2/2007 3/2/2008 4/2/2007 6/2/2007 7/2/2007 2/2/2008

5 0 D a ys 2 0 0 D a ys D a ily

Price

D a te

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

CHART 10
CANDLESTIC CHART:

C h e n n a i P e tro liu m
500 400 300 Price 200 100 0 1 / 1 / 2 0 0 18 / 1 5 / 2 0 0 8 2 9 / 2 0 02 8/ 1 2 / 2 0 02 8/ 2 6 / 2 0 03 8/ 1 1 / 2 0 0 8 2 5 / 2 0 0 8 1/ 3/ D a te O p e n P r ic e H ig h P r ic e L o w P r ic e C lo s e P r ic e

6) IFCI:
Company Name Date High price Low price

46

Close price IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI 1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 13-Feb-08 14-Feb-08 15-Feb-08 100 97.2 93.8 94.7 98.45 98.8 92.1 90.85 86.7 86.85 88.15 86.8 86.8 84 85 61.9 62 62 63.65 61.7 63.4 62.3 60.95 60.05 62.9 67.35 69.9 71.9 66.2 64 63.5 57.9 63 65.75 94.05 92.1 90 91 86.35 89.1 87.1 81.1 81.15 83.6 76.15 81.2 83.5 75.75 53 38 53 52.9 54.05 55.5 60.1 58.25 55.5 57.2 60.1 61.05 62 64.1 61.8 55.1 54.7 54.2 58.3 60.5 96.05 93.85 90.75 91.6 95.4 90.7 88.15 82.9 85.4 84.8 84.55 85.7 84.15 77.1 64.3 51.15 57.2 53.75 62.45 61.2 61.75 59.1 57.75 58.75 61.8 66.4 69.05 64.8 64.05 56.2 55.3 56 62.35 65

47

IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI IFCI

18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

66.3 67.2 63.9 64.1 64.9 64.7 64.5 65.9 64.4 68.95 65.25 62.6 58.4 56.5 53 55.6 59 52.9 50.7 47.65 46.95 46.9 43.3 43.7 44.65 45.65 46.85 47.3

63.4 63.3 61.4 61 61.7 62.2 62.75 63.05 62.15 60.05 60.85 55 56.5 50 47.35 50.2 53.6 48 48.2 45.05 43.15 40.1 36.55 39.45 42.2 41.9 43.55 43.5

65.2 63.95 61.9 63.4 63.55 63.6 63.3 63.75 62.45 67.05 61.3 58.15 57.4 51.8 52.3 54.75 54.5 48.7 49.9 45.5 43.75 40.85 38.8 43.15 43.15 43.85 46.45 44.1

IFCI: On 6th Dec a sell signal was given with RSI as 118.8 but it was failed. 48

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. The following are some targets and stop losses.

TABLE 6
Date 17 Dec 27 Dec 8 Jan 25 Jan P 110.6 78.96 92.86 60.05 R1 119.2* 80.68 96.63* 66.05 70.65 S1 106 76.52* 86.92 56.45 61.75 R2 129.8 83.12 102.57 69.65 74.25 S2 91.4 74.8 83.15 50.45 56.45 Call Buy Buy Buy Sell Sell Result Y N Y Y N

29 Feb 65.35 * Achieved

49

CHART 11

MOVING AVERAGE:

Ifc i 120 100 80 60 40 20 0 7/2/2007 8/2/2007 1/2/2008 2/2/2008 4/2/2007 5/2/2007 6/2/2007 9/2/2007 12/2/2007 10/2/2007 11/2/2007 3/2/2008

5 0 D a ys 2 0 0 D a ys D a ily

Price

D a te

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

CHART 12
CANDLESTIC CHART:

If c i
120 100 80 Price 60 40 20 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 te O p e n P ric e H ig h P ric e L o w P ric e C lo s e P r i c e

7) I-FLEX:
Company Name Date High price Low price Close price

51

I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX

1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 13-Feb-08 14-Feb-08 15-Feb-08

1528 1525 1525 1514 1490 1484 1615 1679.9 1549 1519.9 1507 1475 1466.85 1430 1434.5 1299.9 1140 1133.95 1130 1115 1139 1075 1045 1078 1149.9 1155 1087 1090 1075 1065 1050 1038 1045 1030

1505 1481.1 1475 1465.05 1427.35 1422 1470 1490 1453 1453 1421 1400 1422.1 1353.55 1099 889 971.1 931 1034 1001.15 1052.55 995 925 962 1081.3 1083 1040 1011 1000 984 990 956.6 1010 1015

1511 1509.65 1482.7 1476.55 1453 1466.1 1585.55 1520.9 1483.2 1481.2 1439.1 1448.55 1429.25 1381.95 1126.95 967.6 1070.35 965.95 1115 1076.95 1075.2 1002.55 940.85 1064 1127.4 1094.65 1074.9 1018.15 1040.25 1007.95 1001.3 998.05 1023.4 1025.15

52

I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX I-FLEX

18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

1050 1115 1139 1106.8 1105 1085 1122 1177 1124 1115 1080 1075 1070 1032 1040 1065 1100 1010 992 970 958.5 978 950 1008 1027 1003 994 985

1029.95 1036.05 1050.05 1040.05 1045.1 1026 1080 1080 1061 1029.3 1020 1017 1030.15 983 946.4 992.5 1000 952 920 925 925.1 922 895 913.5 974 935 956 935

1035.3 1101.6 1059.45 1056.6 1054.3 1071.65 1109.85 1098.05 1089.25 1078.95 1042.55 1048.25 1039.2 1001.5 1015.5 1054.65 1007.45 959.1 983.15 942.95 936.5 925.55 908.25 992.55 986.85 947.1 984.4 941.1

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

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. The following are some targets and stop losses.

TABLE 7
Date 3 Dec 11 Dec 3 Jan 23 Jan 21 Feb P 1526.2 1592 1494.2 1060.48 1067.8 * Achieved R1 1577.5 1612 1513 1149.8 1095.58 S1 1482.5 1560 1463.4 980.9 1028.8 R2 1621.2 1644 1543.8 1229.3 1134.58 S2 1431.7 1546 1574.6 892.38 1173.58 Call Buy Buy Sell Buy Sell Result Y N Y N N

54

CHART 13

MOVING AVERAGE:

I-fle x
3000 2500 2000 1500 1000 500 0 4/2/2007 5/2/2007 6/2/2007 7/2/2007 8/2/2007 9/2/2007 1/2/2008 2/2/2008 10/2/2007 11/2/2007 12/2/2007 3/2/2008

50 D ays 200 Days D a ily

Price

D a te

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

CHART 14

CANDLESTIC CHART:

1800 1600 1400 1200 1000 800 600 400 200

I- f le x

O p e n P ric e H ig h P ric e L o w P ric e C lo s e P r i c e

Price

0 1 / 1 / 2 0 1 0 / 8 / 2 0 1 0 / 18 5 / 2 1 0 / 02 82 / 2 1 0 / 20 98 / 2 20 / 05 8/ 2 0 2 0 / 18 2 / 2 2 0 / 10 98 / 2 2 0 / 02 86 / 2 30 / 04 8/ 2 0 3 0 / 18 1 / 2 3 0 / 10 8 / 2 3 0 / 02 85 / 2 0 0 8 D a te

56

8) MOSERBAER:
Company Name MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER Date 1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 High price 122 128 129.95 126.95 125 124.75 122.7 121.9 118 128.8 120.2 116 119.9 116.8 111.85 97 100.4 101 102.9 109 111 106.9 96.9 94.9 98.75 97.95 96.05 97.3 94.75 92.25 91.7 Low price 113 121.05 124 122.15 99 118 115.85 116.9 112.5 117.4 116 111 114.55 108.05 88 71.15 91 89.1 94.05 95 98.9 93.5 91 91.6 95.75 95.4 89 92 89.2 86.3 85.5 Close price 121 127.4 124.95 123.45 122.55 119.1 119.6 117.1 115.8 119.1 116.45 114.55 117.45 109.95 96.6 86.4 97.05 92.3 101.5 106.55 102.9 95.4 91.9 93.5 97 95.85 95.5 92.7 90.95 89.05 86

57

MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER MOSERBAER

13-Feb-08 14-Feb-08 15-Feb-08 18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

89.05 98 100.4 100.7 99.75 99.9 99.75 96.9 96.8 97.5 100.35 98.05 99 96.95 94 91.85 85.5 82.1 81.45 86.25 78 76.9 76.85 75.7 75 74.25 80.95 82 80.75 79.4 78.5

83.4 87.75 93.8 95.5 97.5 95.1 94.25 93.15 93.05 95 96.6 95.4 93.65 92 88 85.65 78.8 75.25 78.7 77.6 73.3 74.05 70.15 70.5 71 71.15 73.5 77.6 77.2 77 74.3

85.35 96.95 98.6 97.45 97.95 98.3 95.95 95.35 95 97.1 98.15 97.95 98.2 92.2 91.15 86.5 79.45 79.9 80.65 78.1 74.15 76 72.7 71.25 71.55 73.05 80.5 79.05 79.25 79.05 74.95

MOSERBAER:

58

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. The following are some targets and stop losses.

TABLE 8
Date 7 Dec 31 Dec 14 Jan 28 Jan 27 Feb P 301.4 301.6 290.2 219.56 170.13 R1 313.8 318 296.1 234 190.21 S1 293.1 291.9 284.5 216.7 157.31 R2 322.1 327.7 301.8 242.86 203.03 S2 280.7 275.5 278.6 202.26 137.73 Call Buy Sell Buy Sell Sell Result Y Y Y N N

* Achieved

59

CHART 15

MOVING AVERAGE:

M o s e rb a e r
600 500 400 300 200 100 0 6/2/2007 7/2/2007 8/2/2007 1/2/2008 2/2/2008 11/2/2007 12/2/2007 10/2/2007 3/2/2008 4/2/2007 5/2/2007 9/2/2007 Price

50 Days 200 D ays D a ily

D a te

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

CHART 16

CANDLESTIC CHART:

M o s e rb a e r
400 350 300 250 200 150 100 50 0
1/1 /20 08 1/8 /20 0 1/1 8 5/2 00 1/2 8 2/2 00 1/2 8 9/2 00 8 2/5 /20 0 2/1 8 2/2 00 2/1 8 9/2 00 2/2 8 6/2 00 8 3/4 /20 0 3/1 8 1/2 00 3/1 8 8/2 00 3/2 8 5/2 00 8

O p e n P r ic e H ig h P r ic e L o w P r ic e C lo s e P r ic e

Price

D a te

9) SYNDIBANK:
Company Name Date High price Low price Close price

61

SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK

1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 13-Feb-08 14-Feb-08 15-Feb-08

122 128 129.95 126.95 125 124.75 122.7 121.9 118 128.8 120.2 116 119.9 116.8 111.85 97 100.4 101 102.9 109 111 106.9 96.9 94.9 98.75 97.95 96.05 97.3 94.75 92.25 91.7 89.05 98 100.4

113 121.05 124 122.15 99 118 115.85 116.9 112.5 117.4 116 111 114.55 108.05 88 71.15 91 89.1 94.05 95 98.9 93.5 91 91.6 95.75 95.4 89 92 89.2 86.3 85.5 83.4 87.75 93.8

121 127.4 124.95 123.45 122.55 119.1 119.6 117.1 115.8 119.1 116.45 114.55 117.45 109.95 96.6 86.4 97.05 92.3 101.5 106.55 102.9 95.4 91.9 93.5 97 95.85 95.5 92.7 90.95 89.05 86 85.35 96.95 98.6

62

SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK SYNDIBANK

18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08 26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

100.7 99.75 99.9 99.75 96.9 96.8 97.5 100.35 98.05 99 96.95 94 91.85 85.5 82.1 81.45 86.25 78 76.9 76.85 75.7 75 74.25 80.95 82 80.75 79.4 78.5

95.5 97.5 95.1 94.25 93.15 93.05 95 96.6 95.4 93.65 92 88 85.65 78.8 75.25 78.7 77.6 73.3 74.05 70.15 70.5 71 71.15 73.5 77.6 77.2 77 74.3

97.45 97.95 98.3 95.95 95.35 95 97.1 98.15 97.95 98.2 92.2 91.15 86.5 79.45 79.9 80.65 78.1 74.15 76 72.7 71.25 71.55 73.05 80.5 79.05 79.25 79.05 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. 63

On 29tht Feb a buy signal was achieved at a point of 99.08 The following are some targets and stop losses.

TABLE 9
Date 7 Dec 14 Dec 14 Jan 22 Jan 18 Feb P 115.18 108.93 121.76 84.85 97.88 R1 120 121.86 126.13 98.55 100.26 S1 108.36 101.36 114.72 72.7 95.06 R2 126.82 129.43 133.17 110.7 103.08 S2 103.54 88.43 110.35 59 92.68 Call Buy Buy Buy Buy Sell Result N N N Y N

* Achieved

CHART 17

64

MOVING AVERAGE:

Syndi B ank
140 120 100 80 60 40 20 0 10/2/2007 11/2/2007 12/2/2007 3/2/2008 4/2/2007 5/2/2007 6/2/2007 7/2/2007 8/2/2007 9/2/2007 1/2/2008 2/2/2008

50 D ays 200 D ays D a ily

Price

D a te

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

CANDLESTIC CHART:

Syndi Bank
140 120 100 80 Price 60 40 20 0 1 / 1 / 2 0 0 81 / 1 5 / 2 0 0 18 / 2 9 / 2 0 0 28 / 1D 2a / 2 e0 0 28 / 2 6 / 2 0 0 38 / 1 1 / 2 0 0 38 / 2 5 / 2 0 0 8 t O p e n P ric e H ig h P ric e L o w P ric e C lo s e P r i c e

10) WOCKPHARMA:
Company Name WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA Date 1-Jan-08 2-Jan-08 3-Jan-08 4-Jan-08 Open price 425 439.3 437.95 435 High price 418 418.1 423.1 420.1 Close price 419.8 434.65 424.8 424

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WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA

7-Jan-08 8-Jan-08 9-Jan-08 10-Jan-08 11-Jan-08 14-Jan-08 15-Jan-08 16-Jan-08 17-Jan-08 18-Jan-08 21-Jan-08 22-Jan-08 23-Jan-08 24-Jan-08 25-Jan-08 28-Jan-08 29-Jan-08 30-Jan-08 31-Jan-08 1-Feb-08 4-Feb-08 5-Feb-08 6-Feb-08 7-Feb-08 8-Feb-08 11-Feb-08 12-Feb-08 13-Feb-08 14-Feb-08 15-Feb-08 18-Feb-08 19-Feb-08 20-Feb-08 21-Feb-08 22-Feb-08 25-Feb-08

435 435 440 425.75 421.35 425 420.9 415 418 418 400 380 359.05 360 383.4 369 390 385 365 366 379.85 366 357 356 339.9 332.9 320 318.9 337 350 347 347.35 348 366 359 365.9

421 411 408 410.1 411.35 410 410 403 404 399 338 270.1 324.1 325 333 347.05 364.15 363 345.25 351.2 360 352.6 343 340 321.15 303.6 298 305 315.25 321 339.05 339 338 345 345 342

430.8 414.75 419.05 417.4 419.5 412.1 415.85 407.9 410.55 409.25 362.15 321.2 346.15 327.3 375.15 364.15 380.55 365.1 353 363.9 362.65 359.9 351.55 340.6 332 310.25 300.3 314.85 333.5 345.4 341.1 345.25 340.5 360.75 348.35 343.6

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WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA WOCKPHARMA

26-Feb-08 27-Feb-08 28-Feb-08 29-Feb-08 3-Mar-08 4-Mar-08 5-Mar-08 7-Mar-08 10-Mar-08 11-Mar-08 12-Mar-08 13-Mar-08 14-Mar-08 17-Mar-08 18-Mar-08 19-Mar-08 24-Mar-08 25-Mar-08 26-Mar-08 27-Mar-08 28-Mar-08 31-Mar-08

350 348 340.6 341 348 342 331.5 321 303 308 316.95 309 305 298 280 298 267 264.4 269.45 265 268 276.8

335.3 327.25 328.3 330 330.05 325 320 300 293.15 294.15 304.05 285.55 294 271 265.55 256 245 253 259 251 258 261.55

336.9 330.9 332.15 337.3 339.1 328.05 323.9 301.85 298.85 304.6 306.85 297.5 298.5 275.15 273.8 260.55 252.2 262.75 261.25 255 266.2 266.3

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

68

The following are some targets and stop losses.

TABLE 10
Date 3 Dec 20 Dec 4 Jan 22 Jan 25 Feb P 393.5 411.9 415.7 313.7 350.5 R1 403.8 417.8 421.4 357.43 359 S1 386.9 401.8 406.4 277.4 335.1 R2 410.4 427.9 430.7 393.73 374.4 S2 376.6 395.9 400.7 233.67 326.6 Call Buy Buy Buy Sell Sell Result Y N Y N N

* Achieved

69

CHART 19

MOVING AVERAGE;

W o c k P h a rm a
500 450 400 350 300 250 200 150 100 50 0 4/2/2007 6/2/2007 8/2/2007 9/2/2007 1/2/2008 2/2/2008 5/2/2007 7/2/2007 12/2/2007 10/2/2007 11/2/2007 3/2/2008

50 D ays 200 D ays D a ily

Price

D a te

j) Inference:
For Wockpharma on 25th Feb a buy signal was given and it was achieved one resistance level at 335.1.

70

CHART 20
CANDLESTIC CHART:

w o c k P h a rm a
500 450 400 350 300 250 200 150 100 50 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 8 D a te O p e n P r ic e H ig h P r ic e L o w P r ic e C lo s e P r ic e

Price

71

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. 72

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 your financial 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.

74

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.

75

BIBILIOGRAPHY: Security Analysis and Portfolio Management - Punithavathi Pandean 2005 Edition Investment Management How to get More Money? - V.A. Avadhani - Soma. Valliappan - 2005 Edition - 2002 Edition - 2003 Edition - 2007 Edition

Security Analysis and Portfolio Management - Preethi Singh Research Methodology - Kothari

WEBSITES: www.nseindia.com www.indiabulls.com www.stockcube.com www.religare.com www.stockedge.com www.moneycontrol.com

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