Title: Forecasting Future Trend Through Technical Analysis- A Study Of Indian Stock Market - Pre-Covid19 Picktime
Authors: Sunil Kumar
Volume: 9
Issue: 9
Pages: 66-73
Publication Date: 2025/09/28
Abstract:
This paper compares many common technical trading indicators with combination of leading and lagging price trackers. Data used in the study from 1st November 2016 to 31st November 2017 for Reliance ltd. By study we found that Ultimate oscillator represents the buying pressure with the different momentum in range of ultimate oscillator. Chart of reliance Investor can easily decide the Entry and Exit point in the market. Preferable Exit or selling time for trader is 7-mar-2017, 6-april-2017 and 16-july-2017. Spread between PVO line and signal line indicates market volatility of the share price. MACD histogram indicates spread and its range between MACD and signal line. Histogram is positive (bullish time) when its >0 and when its <0 means histogram is negative (bearish time) for RELIANCE shares. By following simple rules of the technical analysis investor can forecasting future price momentum and decide the entry and exit point, their investment can be secure by doing it.