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TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




                  COMPANY profile




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      PROFILE OF THE GEOJIT FINANCIAL SERVICES LTD.




       Geojit, a joint venture with Kerala State Industrial Development
Corporation Ltd. is a pioneer in the retail financial services sector. Over two
decades the company has grown to offering complete management solutions.
Today the company has over Rs.20 billion in assets under its custody.


             Geojit’s shares are listed on the Bombay Stock Exchange. The
company is a member of the National Stock Exchange of India Ltd., the
Bombay Stock Exchange and the National Securities Depository Ltd., and a
charter member of the Association of Financial Planners, India. More than
1000 professionals are operating through over 250 offices across the
country provide services to a growing retail investor base of 200,000.
Prominent institutional clients include banks, mutual funds and other
institutions such as UTI and insurance companies. Geojit has a large pool of
certified   professionals   who   plan,   execute   and   manage   customized
investment strategies for clientele. Financial literacy programmers are
conducted on a regular basis through the branch network to raise
investment awareness. Early application of innovative technology in the
industry led to many national firsts such as internet trading, electronic
securities settlement on the web and an online integrated trading screen for
stocks and derivatives.



-                 IN 1988 The company, Geojit Securities Limited (GSL), was a
    partnership firm, with two partners Mr. C.J. George and Mr. Ranjit, under
    the name and style of M/s Geojit & Company established on 4th November,


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    to act as stock and share brokers with membership on the Cochin Stock
    ExchangeThe company was incorporated as a Public Limited Company on
    24th November and obtained its Certificate of commencement of business
    on 25th January 1995.
-

             The company is at present engaged in the activities of stock and
    share broking, underwriting, marketing of initial public offering of
    companies and mutual funds, corporate advisory services, investments in
    shares, participating in Bought Out Deals, syndication of inter-corporate
    deposits, debt, bought-outs etc.The company has at present branches at
    Trichur, Kottayam, Muvattupuzha and Coimbatore apart from having
    representative offices at Mumbai.    IN 1966 The company had made a
    public issue of equity shares aggregating to Rs.95/- lakhs, during the
    period under report which received an overwhelming support and was
    oversubscribed over 14 times.

            The Company held 100% of the paid up Capital of Rs.30,00,000/-
    M/s Geojit Stock & Shares Ltd., a wholly owned subsidiary of the Company
    as at 31st March. Geojit Securities Ltd, a leading retail share broking firm
    launched Internet securities trading for the first time in India. Geojit
    Securities is a joint venture with Kerala State Industrial Development
    Corporation (KSIDC) with branches in 40 cities. ABN Amro Bank is set to
    pick up an equity stake in Geojit Securities Ltd one of the largest stock
    brokers and depository participant in the country.
                 The company is planning to introduce multi-bank, multi-DP
    interfaces to facilitate and promote Internet trading in the country.Geojit
    Securities Ltd, the first company to start online trading services, has
    signed a MoU with UTI Bank to enable investors to buysell demat stocks
    through the company's website. The Company has signed a deal with
    Centurion Bank to provide payment gateway for Internet trading. The
    Company launched its online interface with HDFC Bank for Internet trading.




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  Geojit Securities Ltd, a leading stock broking company, has decided to
  issue bonus shares at 1:1 ratio, to capitalize part of general reserve.




            PRODUCTS AND SERVICES




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PRODUCTS:-

           Equity
           F & O (Futures and Options)
           Margin Trading Funding Scheme
           Loan Against Shares
           Loan Against Commodity Trading
           Depository
           Commodity
           Portfolio Management Services (PMS)

1) Equity:

      Equity/ordinary share capital, as a long-term source of finance,
represents      ownership     capital/securities    and     its   owners    –
equity-holders/ordinary shareholders – share the reward and risk associated
with the ownership of corporate enterprises. A shareholder can exercise, sell
in   the     market    and     renounce/forfeit    his    pre-emptive   rights
partially/completely. He does not gain/loss from rights issues. Ordinary
share capital is a high-risk-high-reward source of finance for corporate. The
shareholders share the risk, return and control associated with ownership of
companies.
2) F & O (Futures and Options):-



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        The National Stock Exchange and The Stock Exchange, Mumbai have
commenced trading in Derivatives Market with Index Futures being the first
instrument. Now both the exchanges provide trading in Index Futures and
Options and Stock Futures and Options.

      A derivative is a financial contract, between two or more parties, which
is derived from the future value of an underlying asset. At any point of time
there will always be available near three months contract periods. For e.g. in
the month of Jan 2006 one can enter into Jan, Feb or Mar contracts. The last
Thursday of each month is the expiry day for that month’s contract. When
one contract expires, a new contract is introduced. For instance, on expiry of
Jan 2006 contract, April contract shall get activated.

        Currently, settlements of all Derivatives trades are in cash. There is
Daily as well as Final Settlement. As long as the position is open, the same
will be marked to Market at the




Daily Settlement Price, the difference will be credited or debited accordingly
and the position shall be brought forward to the next day at the daily
settlement price. Any position which remains open at the end of the final
settlement day (i.e., last Thursday) shall be closed out by the Exchange at
the Final Settlement Price which will be the closing spot value of the
underlying.

        There are two types of margins collected on the open position, viz.,
Initial Margin which is collected upfront and Mark to Market Margin to be
paid on T+1 day. As per SEBI Guidelines it is mandatory for clients to give
margin, failing which the outstanding positions may be closed out.

There are three types of Members in the Futures and Options Segment:-




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      Trading Members are only eligible to trade; their trades are settled by
       the Clearing Members.
      Trading cum clearing members are members who are eligible to trade
       and also settle trades on their own behalf and also settle on behalf of
       other trading members.
      Professional Clearing Members are members who are only specialized
       in the clearing and settlement activities. They do not trade on their
       own behalf or on behalf of other members
      Self Clearing Members are those who trade and settle only their own
       trades. Geojit Financial Services Ltd is trading cum clearing member at
       NSE.


3) Margin Trading Funding Scheme:
      In Marginal Trading, an Investor buys securities by borrowing a portion
of the transaction value and using the securities in the portfolio as collateral.
An investor who purchases securities may pay for the securities fully in cash
or may borrow a part of the transaction value from the brokerage firm.
4) Loan Against Shares:-
         Geojit Credits Pvt. Ltd., a subsidiary of Geojit Financial Services Ltd,
registered as a Non-Banking Finance Company (NBFC) offers Loans against
security of shares. The facility is available to all customers of Geojit Financial
Services Ltd.




Key Features of the Scheme:-


   1. All securities defined under Group I of NSE are eligible for Loan against
      Shares

   2. Loan is provided against a minimum of two securities and minimum
      loan amount is Rs.50000/-




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   3. Loan up to 50% of the current market value of approved shares.

   4. Upper ceiling on quantum of loan shall be as determined by Geojit
      Credits P Ltd on a case to case basis

   5. Speedy disbursal through RTGS / direct credit to the customer’s bank
      account / cheque

   6. Securities are to be transferred to Geojit Credits Pvt. Ltd

   7. Fixed charges of 1.00 % of loan amount is charged upfront and is non
      refundable.

   8. Rate of interest is 14 % p.a. for Loans above Rs 3 lacks and 15% pa for
      Loans up to Rs 3 lacs. This is subject to change from time to time.
      Interest is charged on Daily Outstanding Balance in Loan account at
      monthly rests. Interest debited every month should be repaid by
      chque/DD payable at Kochi with in 7 days of debit.

   9. The credit is provided as an overdraft facility for a period of One year
      at a time, renewable by mutual consent.

   10.       Loan can also be redeemed by instructing Geojit Credits Pvt. Ltd
      to sell the securities

   11.       Loans are re-valued daily

   12.       Margin calls are made if the value of the securities fall by 10%
      which can be met with either by redeeming the loan partially or placing
      additional securities

   13.       Securities may be liquidated if the margins are not furnished in
      case of a fall of 20% value of the securities




5) Loan Against Commodity Trading:-


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              Geojit Credits Pvt. Ltd offers loans against Pledge of Warehouse
Receipts for delivery at Commodity Exchanges.
Key Features of the Scheme:-

         Loans against Pledge of Physical and Demat warehouse receipts

         Loans up to 80% of sale value price contracted for Futures delivery

         Loans are also considered against Pledge of warehouse receipts
         without Futures Sell contract on a case-to-case basis at higher
         margins ranging from 30% to 50% of the value

         Loans available till sale proceeds are realized on settlement from the
         Commodity Exchange else up to a maximum of three months

         Provision to switch between different future contracts (subject to
         validity of warehouse receipts)

         Simple documentation




6) Depository:-
          A depository can be compared to a bank. It holds securities such as
shares, debentures, bonds, government securities, units etc. of investors in
electronic form. There are two depositories in India, The National Securities
Depository Limited (NSDL) and Central Depository Services Limited (CDSL).
An individual who desires to avail the depository services can approach a
Depository Participant (DP). Banks, financial institutions, custodians, brokers
or any other entity eligible as per SEBI (Depositories and Participants)
Regulations, 1996 can apply to the Depository to become a Depository
Participant. As on 31st March, 2006 there are 526 Depository Participants in
India.




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       Geojit, is a depository participant of NSDL & CDSL. Investors can open
demat accounts with NSDL & CDSL through Geojit. One can approach the
nearest branch of Geojit for opening an account. Agreement charges
(statutory charges) along with Annual Maintenance Charge (AMC) are
collected upfront while opening an account. It takes two to three days to
open a demat account. Upon activation of the demat account, a Welcome
Letter is sent to the customer along with the Delivery Instruction Slip book.


DP facilities offered by Geojit :-


      De-materialization: Consumers can convert their physical shares into
      electronic form by surrendering the shares for dematerialization at the
      Geojit branch.

      Re-materialization: Re-materialization enables consumers to convert
      the dematerialized shares into physical form.

      Repurchase: This facility helps consumers to submit the units of
      open-ended Mutual Funds in case of re-purchase.

      Pledge: Consumers can pledge securities to avail a loan.

      Transfer: Consumers can transfer securities from one demat account
      to another.

      IPOs: In case consumers have applied for an IPO and receive an
      allotment then the securities are transferred directly to their demat
      account. The same applies for bonus and rights issues.

      Commodity De-mat Account: If consumers are a commodity player,
      they may need to open a commodity de-mat account with Geojit.

      Speed-e: If consumers register for Speed-e services, then transfer
      instructions can be placed online over the internet to pre-notified




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      Clearing Members Pool a/c. This does away with the need to submit a
      physical delivery instruction slip.

      Internet Services: If consumer have access to Internet then they can
      register with Geojit to view their demat account over the Internet. This
      is very beneficial as consumers can avail of a host of services at no
      extra cost.




      SMS Alert Facility: The alert messages for debits (transfers) and IPO
      credits would be sent to the account holders who have subscribed to
      this facility. Depository provides this facility and no charge is levied on
      DPs for providing this service to investors.


7) Commodity:
       Geojit Commodities, a subsidiary of Geojit Financial Services Limited,
is mainly engaged in the business of Commodity Futures Trading. Geojit
Commodities is a member of:

      National Multi – Commodity Exchange of India limited (NMCE)
      National Commodity & Derivatives Exchange Limited (NCDEX)
      Multi – Commodity Exchange (MCX)
      India Pepper and Spice Trade Association (IPSTA)
      Singapore Commodity Exchange (SICOM)
      Dubai Gold Commodity Exchange (DGCX).

            Geojit provides information on commodity futures, along with
technical and fundamental analysis online at its website and also through the
company's    large   branch   network.      The   company   conducts   Seminars,
distributes free in-house literature and holds interactive sessions that help
raise awareness on the futures market. The number of participants is
continuously on the rise thus leading to increased volumes and market




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efficiency.      Geojit Commodity offers futures trading through multiple
exchanges in varied commodities such as:

      Agri- commodities: oilseeds, soya, groundnut, pulses, rice, wheat,
      sugar, spices, rubber, guar, pepper, cardamom, coffee, etc
      Precious metals: gold and silver,
      Base metals: steel, aluminium, nickel, zinc, copper, etc
      Energy products: crude oil and furnace oil

       Geojits clientele in commodities range from investors, co-operative
societies, state and national institutions to dealers, traders, manufacturers,
financiers, speculators, arbitragers,etc.




Geojit does not have proprietary interest in any commodity and therefore is
price neutral. Transaction costs are highly affordable attracting a spectrum
of investors. Membership in multiple exchanges gives clients the added
advantage of arbitrage. Geojit has specialized staff that provide the required
guidance, help and enable clients to enter at the appropriate price.


8) PMS (Portfolio Management Services):

              Geojit, a SEBI registered Portfolio Manager (Reg. No.INP000000316)
offers discretionary portfolio management services. Geojit has a team of
experts who carefully take investment decisions based on the clients'
objectives. The Portfolio Management team has a successful track record of
more than 10 years in the capital market. The team has access to Geojit's
strong Equity Research, and Fundamental & Technical Analysis.


          Investment Objective: To generate medium to long-term capital
          growth (2-3 years) by identifying undervalued stocks and those
          with growth opportunities from a select list of well researched
          stocks



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         Strategy: Identifying growth stocks from a select list through
         extensive research.
         Minimum Investment: Rs.10 lakhs for resident Indians and Rs.25
         lakhs for Non-Resident Indians.
         Reports: Portfolio and NAV are communicated bi-weekly via e-mail.
         Risk factors: As the stocks are normally held for medium to long
         term, the net asset value will be affected by market volatility.
         PMS fee:
         Option 1: 3% p.a. (charged @0.75% at the end of every quarter on
         the average of beginning and ending NAV).
         Option 2: 1% p.a. (charged @0.25% at the end of every quarter on
         the average of beginning and ending NAV) and performance fee.




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       RESEARCH ON TECHNICAL
              ANALISYS




TITLE OF THE PROJECT:

“Technical Analysis on Automobile Sector” Undertaken at Geojit Financial
Services Ltd Bagalkot

SCOPE OF THE STUDY:

      This study is most important because technical analysis helps
investors in better understanding the markets and gauges the direction in
which their investments might be headed and it’s utility helps in estimating
the future trends of the stock prices and to make a decent profit out of it.


OBJECTIVES OF THE STUDY:


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   1) To predict investor positions (Buy, sell & hold).

   2) To know the future trend of Stock Prices of Tata Motors Maruti Udyog
      Ltd and M&M automobile in capital market.

METHODOLOGY:

     Primary data is collected through direct interactions with the Branch
Manager and Employees of Geojit Financial Services, Ltd Bagalkot.

      The Secondary data is collected from the relevant text books on the
subject matter and company’s official website.

TOOLS:

   1. Moving Average Method.
   2. Candle stick chart.


LIMITATIONS OF THE STUDY:

    1. The study is limited only to automobile sector and 3 companies
    2. I have used only 2 Technical tools to predict the movement of Scrip’s.




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        THEROTICAL FRAME WORK




            Technical analysis is the examination of past price movements to
forecast future price movements. Technical analysts are sometimes referred
to as chartists because they rely almost exclusively on charts for their
analysis.


      MOVING AVERAGE:-A Moving Average is an indicator that shows the
       average value of a security's price over a period of time. When
       calculating a moving average, a mathematical analysis of the
       security's average value over a predetermined time period is made.
       As the securities price changes, its average price moves up or down.
       There are several popular ways to calculate a moving average. Meta
       Stock for Java calculates a "simple" moving average--meaning that
       equal weight is given to each price over the calculation period.




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      INTERPRETATION:- The most popular method of interpreting a
      moving average is to compare the relationship between a moving
      average of the security's price with the security's price itself. A buy
      signal is generated when the security's price rises above its moving
      average and a sell signal is generated when the security's price falls
      below                  its                moving                  average.
      This type of moving average trading system is not intended to get you
      in at the exact bottom nor out at the exact top. Rather, it is designed
      to keep you in line with the security's price trend by buying shortly
      after the security's price bottoms and selling shortly after it tops. The
      critical element in a moving average is the number of time periods
      used in calculating the average. When using hindsight, you can always
      find a moving average that would have been profitable. The key is to
      find a moving average that will be consistently profitable. The most
      popular moving average is the 39-week (or 200-day) moving average.
        This moving average has an excellent track record in timing the
      major (long-term) market cycles.

      ADVANTAGES:-The advantage of moving average system of this type
      (i.e., buying and selling when prices break through their moving
      average) is that you will always be on the "right" side of the market:
      prices cannot rise very much without the price rising above its average
      price. The disadvantage is that you will always buy and sell some late.
      If the trend does not last for a significant period of time, typically twice
      the length of the moving average, you will lose your money.




CANDLE STICK CHARTING:-

      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



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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.




      The chart below is an example of a candlestick chart for AT&T (T).
Green bars indicate the stock price rose, red indicates a decline:




      Investors seem to have a "love/hate" relationship with candlestick
charts. People either love them and use them frequently or they are
completely turned off by them. There are several patterns to look for with
candlestick charts - here are a few of the popular ones and what they mean.




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              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 small body along with a large range identifies a
              hammer. This pattern indicates that a reversal in the
              downtrend is in the works.


              Known as a "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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               COMPANY ANALISYS




                         MARUTI UDYOG LIMITED

Maruti Udyog Ltd is one of India's leading automobile manufacturers and
the market leader in the car segment, both in terms of volume of vehicles


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   sold and revenue earned. 18.28% of the company is owned by the
   government, and 54.2% by Suzuki of Japan. The Indian government held an
   Initial Public Offering of 25% of the company in June of 2003.The company
   annually exports more than 30,000 cars and has an extremely large
   domestic market in India selling over five hundred thousand cars annually.
   Maruti 800, till 2004, was the India's largest selling compact car ever since it
   was launched in 1983. More than a million units of this car have been sold
   worldwide so far. Currently, Maruti Alto tops the sales charts. Due to the
   large number of Maruti 800s sold in the Indian market, the term "Maruti" is
   commonly used to refer to this compact car model. Till recently the term
   "Maruti", in popular Indian culture, was associated to the Maruti 800 model.
   The largest selling car from Maruti's stable, Maruti 800

In the order they were launched:

           Maruti 800: Launched 1983. Largest selling car in India, till 2004.
           Maruti Omni: Launched 1984.
           Maruti Gypsy: Launched 1985.
           Maruti 1000: Launched 1990
           Maruti Zen: Launched 1993 with a facelift in 2003.Production ended in
   2006.
           Maruti Esteem:Launched 1994
           Maruti Wagon-R:Launched 1999 Modified 2006
           Maruti Baleno:Launched 1999
           Maruti Alto:Launched 2000. Currently the largest selling car in India
           Maruti Grand Vitara:Launched 2003
           Maruti Versa: Launched 2004
           Maruti Swift: Launched 2005



   SERVICES OFFERED:-

           Authorized Service Stations- Maruti is one of the companies in India

   which has unparalleled service network. To ensure the vehicles sold by them

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are serviced properly Maruti had 1545 listed Authorized service stations and

30 Express Service Stations on 30 highways across India.

       Maruti Finance- To promote its bottom line growth, Maruti launched

Maruti Finance in January 2002. Prior to the start of this service Maruti had

started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi

Group and GE Countrywide respectively to assist its client in securing loan.

Maruti tied up with ABN Amro Bank, HDFC Bank, ICICI Limited, Kotak

Mahindra, Standard Chartered Bank, and Sundaram to start this venture

including its strategic parnters in car finance. Again the company entered

into a strategic partnership with SBI in March 2003. Since March 2003,

Maruti has sold over 12,000 vehicles through SBI-Maruti Finance. SBI-Maruti

Finance is currently available in 166 cities across India.

       Maruti TrueValue- Maruti True Value is a service offered by Maruti

Udyog to its customers. It is a market place for used Maruti Vehicles. One

can buy, sell or exchange used Maruti vehicles with the help of this service in

Indi

       Some Milestones-


1983- Launched, hence bringing the first revolution in the Indian car market
in terms of

       Shape May- 1993, Zen the world car unvieled at a world premier.
       November- 1994, Esteem the first luxury car on Indian roads launched
       December- 1999, Baleno, the top end of the luxury car launched.
       March-2000 WagonR the original tall boy launched.
       September-2000, Alto launched in three variants.




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                                     TATA MOTORS
      Tata Motors Limited formerly known as TELCO (TATA Engineering and
Locomotive Company), (NYSE: TTM) - is India's largest passenger automobile
and commercial vehicle manufacturing company. It is a part of the Tata
Group, and has its headquarters in Mumbai, Maharashtra. One of the world's
largest manufacturers of commercial vehicles and known for its hatchback
passenger vehicle Tata Indica, Tata Motors has its manufacturing base in
Jamshedpur, Lucknow, Pune and Singur. The OICA ranked it as the world's
21st largest vehicle manufacturer, based on figures for2006.

      Tata Motors was established in 1945, when the company began
making trains. Tata Motors was first listed on the NYSE in 2004. Tata Motors
gained Rs. 320 billion during 2001-2006 which was among the top 10
corporate profits in India. In 2004 it also bought Daewoo's truck
manufacturing unit, now known as Tata Daewoo Commercial Vehicle, in
South Korea. In March 2005, it acquired a 21% stake in Hispano Carrocera SA,
giving it controlling rights in the company. On 10 January 2008, Tata Motors
launched their much awaited Tata Nano, noted for its Rs 100,000 price-tag,
at Auto Expo 2008 in Pragati Maidan, Delhi.

      Tata Motors Limited is India's largest automobile company, with
revenues of Rs. 32,426 crores (USD 7.2 billion) in 2006-07. It is the leader
by far in commercial vehicles in each segment, and the second largest in
the passenger vehicles market with winning products in the compact,
midsize car and utility vehicle segments. The company is the world's fifth
largest medium and heavy commercial vehicle manufacturer, and the
world's second largest medium and heavy bus manufacturer.

      The Tata Group is one of India's largest and most respected business
conglomerates, with revenues in 2006-07 of $28.8 billion, the equivalent of
about 3.2 per cent of the country's GDP, and the international revenues of
the Group in 2006-07 were US$ 10.8 billion, contributing to 38% of the total
Group revenues. Tata companies together employ over 300,000 people.


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Awards:

       Tata Motors chosen as India's Most Trusted Brand in Cars...
       Business today selects Mr. P.P. Kadle as India's Best CFO in 2005...
       Tata Motors is 'Commercial Vehicle Manufacturer of the Year'...
       Industry and Technology Award, 2002.
       Advertising Awards...
       Tata Engineering was conferred Bharat Gaurav Puraskar...
       National Award for R&D Efforts...
       Best Company Award at Work skills Competition...


Corporate Social Responsibility:-

Green Matters


Tata    Motors,     a   Company       that      cares   about      the   future...

True to the tradition of the Tata Group, Tata Motors is committed in letter

and spirit to Corporate Social Responsibility. It is a signatory to the United

Nations Global Compact, and is engaged in community and social initiatives

on labour and environment standards in compliance with the principles of

the Global Compact. In accordance with this, it plays an active role in

community      development,     serving      rural   communities     around    its

manufacturing locations. Tata Motors believes in technology for tomorrow.

Our products stand testimony to this. Our annual expenditure on R&D is

approximately 2% of our turnover. We have also set up two in-house




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Engineering Research Centers that house India's only Certified Crash Test

Facility. We ensure that our products are environmentally.


.




                          MAHINDRA& MAHINDRA


Founded in 1945 as a steel trading company, we entered automotive

manufacturing in 1947 to bring the iconic Willys Jeep onto Indian roads.

Over the years, we’ve diversified into many new businesses in order to

better meet the needs of our customers. We follow a unique business

model    of   creating    empowered    companies      that   enjoy   the   best    of

entrepreneurial independence and Group-wide synergies. This principle

has led our growth into a US $11.1 billion multinational group with more

than 117,000 employees in over 100 countries across the globe.Today, our

operations span 17 key industries that form the foundation of every modern

economy: aerospace, aftermarket, agribusiness, automotive, components,

consulting    services,   defense,   energy,   farm   equipment,     finance      and

insurance, industrial equipment, information technology, leisure and

hospitality, logistics, real estate, retail, and two wheelers.


Business Interest of Mahindra Group:-




BEC DOMS BAGALKOTPage 25
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT



Automotive Sector: Mahindra Group is the market leader in utility vehicles in
India since inception. Mahindra also manufactures and markets utility
vehicles and light commercial vehicles, including three-wheelers. Some of
the famous automobile brands of Mahindra are: Scorpio and Bolero. Recently,
Mahindra joined hands with French automobile major Renault to enter
passenger car segment. It has launched a car called Mahindra Renault Logan.
Farm Equipment Sector: Mahindra is the largest producer of tractors in India
and is among the top five tractor brands in the world. It has its own
state-of-the-art plants in India, USA, China and Australia, and a capacity to
produce              1,50,000                tractors          a             year.
Trade & Financial Services: Mahindra Intertrade Limited and its subsidiaries
have specialized domain knowledge in imports and exports of commodities,
domestic trading, marketing and distribution services. Mahindra Finance is
one of the largest Non Banking Finance Companies in India with an asset
base of about Rs. 5000 crores. Mahindra Insurance Brokers offer Life and
Non-life Insurance plans to retail and corporate customers. Mahindra Steel
Service Centre is the first steel service centre in the organised sector in India.




Infrastructure Development: Mahindra Group has interests in real estate,
special economic zones, hospitality industry, infrastructure development,
project engineering consultancy and design. Mahindra Holidays & Resorts is
the leader in the lifetime holiday market in India. Mahindra Gesco is fastest
growing Construction Company in India. Mahindra World City is developing
and promoting India's first Integrated Business City. Mahindra Acres
Consulting    Engineers   is    a   multidisciplinary   engineering   consultancy
organization.


Specialty    Businesses: Mahindra Group companies such as Mahindra
AshTech, Mahindra Defense, Spares Business Unit and Mahindra Logistics are
into Specialty Businesses. Mahindra AshTech undertakes turnkey contract


BEC DOMS BAGALKOTPage 26
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

execution for Ash Slurry System and Travelling Water Screens. Mahindra
Defense Systems looks after the requirements of India's defense and security
forces. Mahindra Logistics provide complete logistics solutions to complex
transportation      needs       of      clients      across   the    world.



Major Achievements of Mahindra Group

      Mahindra & Mahindra made the first indigenous Jeep in the country in
      1949.
      Fourth largest tractor company in the world.
      Largest manufacturer of tractors in India.
      Largest manufacturer of MUVs, offering over 20 model




BEC DOMS BAGALKOTPage 27
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




         TECHNICAL ANALISYS ON
          AUOTOMOBILE SECTOR




BEC DOMS BAGALKOTPage 28
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




                MARUTI SUZUKI LTD




     10 DAYS MOVING AVG OF MARUTI SUZUKI SCRIP
                                                               10 DAYS
        DATE         OPEN      HIGH          LOW    CLOSE     MOVING AVG
     1-Apr-10        1422     1427.4         1385   1390.7
     5-Apr-10       1403.9    1404.9     1386.25    1395.5
     6-Apr-10       1408.6    1408.6         1373   1376.35
     7-Apr-10        1385      1405      1369.55    1400.4
     8-Apr-10        1402      1410      1379.2     1383.15
     9-Apr-10       1444.4     1450          1375   1381.15
    12-Apr-10        1394      1396      1364.05    1372.05
    13-Apr-10        1377      1377          1354    1367
    15-Apr-10        1370     1377.9         1351   1354.05
    16-Apr-10        1352      1362      1345.1     1350.95     1377.13
    19-Apr-10        1324     1346.25        1324   1331.25     1371.185



BEC DOMS BAGALKOTPage 29
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


    20-Apr-10        1339      1365          1333   1352.95   1366.93
    21-Apr-10        1360      1379          1352   1375.05    1366.8
    22-Apr-10        1380      1398      1369.55    1378.65   1364.625
    23-Apr-10        1384     1390.45    1355.9     1361.8    1362.49
    26-Apr-10       1384.9    1386.05    1326.5      1335     1357.875
    27-Apr-10        1337     1349.1         1280   1283.15   1348.985
    28-Apr-10        1270      1288      1258.35    1271.05   1339.39
    29-Apr-10        1285      1294      1275.25    1288.35   1332.82
    30-Apr-10        1296      1299      1275.2     1279.75    1325.7
     3-May-10        1280     1292.9     1265.15    1282.35   1320.81
     4-May-10        1288     1293.9         1255   1263.15   1311.83
     5-May-10        1250     1289.7         1235   1280.75    1302.4
     6-May-10        1280     1289.5         1266   1277.8    1292.315
     7-May-10        1261     1286.7         1253   1275.35   1283.67
    10-May-10        1285      1299      1278.05    1294.7    1279.64
    11-May-10        1305      1305          1267   1270.5    1278.375
    12-May-10      1272.25    1286.3     1265.15    1267.8    1278.05
    13-May-10       1270.2     1285      1270.2     1274.4    1276.655
    14-May-10        1270     1282.85        1246   1257.95   1274.475
    17-May-10        1248     1256.6     1236.25    1241.8    1270.42
    18-May-10       1247.5    1251.2     1235.5     1242.3    1268.335
    19-May-10        1235     1254.75    1225.25    1230.15   1263.275
    20-May-10        1236     1239.95    1200.2     1210.45   1256.54
    21-May-10       1186.3     1250          1171   1242.15   1253.22
    24-May-10      1257.85    1257.85    1206.1     1220.8    1245.83
    25-May-10       1207.8     1212          1181    1202     1238.98
    26-May-10        1200      1225          1185   1199.25   1232.125
    27-May-10        1201      1240      1190.8     1232.7    1227.955
    28-May-10        1245      1245      1217.05    1223.1    1224.47
    31-May-10        1240     1241.55    1224.25    1236.95   1223.985
     1-Jun-10        1240     1297.85        1230   1259.2    1225.675
     2-Jun-10        1265     1287.5         1262   1277.65   1230.425
     3-Jun-10        1290      1310      1285.75    1296.85   1239.065
     4-Jun-10        1291      1335          1285   1331.05   1247.955
     7-Jun-10      1285.55     1319      1285.55    1314.2    1257.295
     8-Jun-10       1319.9    1337.8         1289   1293.85   1266.48
     9-Jun-10        1300     1316.95        1294   1302.3    1276.785
    10-Jun-10        1335      1349      1298.1     1345.7    1288.085

BEC DOMS BAGALKOTPage 30
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

    11-Jun-10        1356     1364.9         1340   1356.45   1301.42
    14-Jun-10        1363      1367      1345.1     1356.05   1313.33
    15-Jun-10        1357      1357      1332.55    1343.95   1321.805
    16-Jun-10        1350      1368      1338.25    1364.35   1330.475
    17-Jun-10       1366.5     1386      1358.5     1378.95   1338.685
    18-Jun-10        1380      1385          1347   1351.2     1340.7
    21-Jun-10        1365     1382.2     1358.5     1375.35   1346.815
    22-Jun-10       1374.1     1380      1365.7     1369.35   1354.365
    23-Jun-10        1365     1413.9     1359.35    1407.35   1364.87
    24-Jun-10       1406.8     1417      1371.2     1384.25   1368.725
    25-Jun-10        1384     1421.75        1376   1397.05   1372.785
    28-Jun-10        1385      1406      1381.1      1396     1376.78
    29-Jun-10        1390     1408.9         1378   1388.95   1381.28
    30-Jun-10        1381      1434      1370.8     1423.6    1387.205
     1-Jul-10        1414      1420          1380   1399.4    1389.25
     2-Jul-10        1404      1423          1398   1408.35   1394.965
     5-Jul-10        1405     1413.25    1390.45    1395.05   1396.935
     6-Jul-10        1400      1400      1385.2      1392      1399.2
     7-Jul-10       1398.8    1409.7         1378   1382.8    1396.745
     8-Jul-10        1392     1406.9         1386   1403.65   1398.685
     9-Jul-10        1404     1430.9     1396.05    1423.1    1401.29
     12-Jul-10       1430     1431.9     1405.1     1408.75   1402.565
     13-Jul-10       1405      1419      1393.1     1409.7    1404.64
     14-Jul-10       1418     1422.5         1388   1394.15   1401.695
     15-Jul-10       1360     1394.7         1305   1379.65   1399.72
     16-Jul-10       1380     1382.2         1364   1379.55   1396.84
     19-Jul-10      1366.4     1391      1362.4     1364.15   1393.75
     20-Jul-10       1379      1379          1355   1362.15   1390.765
     21-Jul-10       1372      1379          1362   1363.9    1388.875
     22-Jul-10       1364      1370      1347.05    1353.75   1383.885
     23-Jul-10      1358.5     1374          1346   1358.25    1377.4
     26-Jul-10       1300      1300      1185.25    1191.05   1355.63
     27-Jul-10       1190     1239.9         1182   1207.9    1335.45
     28-Jul-10       1215      1224          1200   1202.5    1316.285
     29-Jul-10       1203     1214.7     1191.5     1197.55   1298.075
     30-Jul-10     1190.05    1213.8         1190   1198.15   1279.935
     2-Aug-10        1215     1217.95    1201.9     1208.4    1264.36
     3-Aug-10       1217.4    1220.7         1210   1212.75   1249.42


BEC DOMS BAGALKOTPage 31
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

     4-Aug-10        1215      1221          1208   1213.6    1234.39
     5-Aug-10        1225      1240      1219.5     1225.75   1221.59
     6-Aug-10        1227      1235      1219.8     1221.2    1207.885
     9-Aug-10      1225.95    1234.9     1216.7     1232.45   1212.025
    10-Aug-10        1236      1237          1222   1226.05   1213.84
    11-Aug-10        1230     1233.9     1210.25    1214.75   1215.065
    12-Aug-10        1205      1232      1202.1     1226.25   1217.935
    13-Aug-10       1227.9     1254          1220   1249.05   1223.025
    16-Aug-10        1250     1271.2     1245.5     1253.75   1227.56
    17-Aug-10        1262     1267.95    1247.15    1253.15    1231.6
    18-Aug-10        1258      1265      1250.05    1253.5    1235.59
    19-Aug-10       1256.5    1266.9         1248   1251.55   1238.17
    20-Aug-10        1242      1257          1237   1239.35   1239.985
    23-Aug-10        1245      1253          1238   1243.6     1241.1
    24-Aug-10        1242      1244          1225   1234.1    1241.905
    25-Aug-10        1234      1240      1216.1      1220     1242.43
    26-Aug-10      1220.15    1233.95        1213   1226.85   1242.49
    27-Aug-10        1228      1244          1210   1217.95   1239.38
    30-Aug-10        1231     1247.5     1225.15    1235.15   1237.52
    31-Aug-10       1231.8    1261.95    1226.5     1255.9    1237.795
     1-Sep-10      1267.65     1280      1265.1     1273.25   1239.77
     2-Sep-10        1282      1292      1273.3     1276.05   1242.22
     3-Sep-10        1280      1284      1269.9     1272.05   1245.49
     6-Sep-10        1281     1313.9     1275.55    1303.2    1251.45
     7-Sep-10        1312     1328.15        1308   1317.15   1259.755
     8-Sep-10        1318     1336.9     1303.4     1308.35   1268.59
     9-Sep-10        1312     1321.65    1292.65    1314.8    1277.385
    13-Sep-10        1320      1330      1314.35    1326.2    1288.21
    14-Sep-10        1332     1368.9         1332   1346.1    1299.305
    15-Sep-10        1347     1379.5         1341   1369.6    1310.675
    16-Sep-10       1365.1     1404          1355   1386.75   1322.025
    17-Sep-10        1396     1411.6         1381   1387.05   1333.125
    20-Sep-10        1387      1402      1379.1     1398.45   1345.765
    21-Sep-10        1401     1416.8         1387   1412.75   1356.72
    22-Sep-10        1419     1469.4         1419   1463.45   1371.35
    23-Sep-10        1464      1470          1444   1459.45   1386.46
    24-Sep-10        1459     1484.9         1459   1481.05   1403.085
    27-Sep-10        1494      1496      1473.1     1478.15   1418.28


BEC DOMS BAGALKOTPage 32
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

    28-Sep-10        1480     1483.9         1460   1467.05   1430.375
    29-Sep-10      1385.85     1482      1385.85    1430.35   1436.45
    30-Sep-10        1428      1451      1416.5     1440.95   1441.87
     1-Oct-10      1451.55    1491.45    1451.55    1482.6    1451.425
     4-Oct-10      1493.85    1499.1         1475   1480.45   1459.625
     5-Oct-10      1480.45    1524.8     1479.05    1502.85   1468.635
     6-Oct-10        1524      1544      1507.1     1516.1     1473.9
     7-Oct-10        1524      1524          1485   1490.15   1476.97
     8-Oct-10        1500     1504.5     1471.15    1497.3    1478.595
    11-Oct-10        1501      1529          1495   1521.7    1482.95
    12-Oct-10        1524     1527.9     1502.3     1519.85   1488.23
    13-Oct-10        1531      1565      1519.05    1554.45   1500.64
    14-Oct-10        1561      1572          1540   1553.55    1511.9
    15-Oct-10      1553.55     1560          1485   1508.5    1514.49
    18-Oct-10        1509      1520          1480   1490.45   1515.49
    19-Oct-10        1506      1515      1481.2     1493.8    1514.585
    20-Oct-10        1481      1507          1481    1489     1511.875
    21-Oct-10       1493.1    1519.6         1489   1513.5    1514.21
    22-Oct-10        1515     1525.65    1495.3     1502.95   1514.775
    25-Oct-10      1507.05     1525      1501.4     1508.65   1513.47
    26-Oct-10        1523      1583      1516.8     1562.85   1517.77
    27-Oct-10        1565      1574      1512.05    1524.7    1514.795
    28-Oct-10       1546.7    1548.7         1500   1522.85   1511.725
    29-Oct-10        1520      1557      1515.15    1551.2    1515.995
     1-Nov-10        1558     1599.9     1501.15    1508.7    1517.82
     2-Nov-10        1510     1524.75    1493.3     1496.65   1518.105
     3-Nov-10        1510      1510      1487.05    1495.55   1518.76
     4-Nov-10        1500     1514.7     1496.55    1506.55   1518.065
     5-Nov-10        1525      1527      1509.1     1513.6    1519.13
     8-Nov-10        1500      1514          1485   1488.45   1517.11
     9-Nov-10        1495      1506      1465.5     1470.65   1507.89
    10-Nov-10        1471      1480      1459.3     1475.2    1502.94
    11-Nov-10        1487      1488      1466.25    1470.7    1497.725
    12-Nov-10        1471     1473.95    1444.1     1455.15   1488.12
    15-Nov-10        1461      1461          1380   1437.85   1481.035
    16-Nov-10        1440      1450      1385.2     1399.8    1471.35
    18-Nov-10        1428      1437          1377   1429.1    1464.705
    19-Nov-10        1425      1427          1386   1406.2    1454.67


BEC DOMS BAGALKOTPage 33
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

    22-Nov-10        1406      1430          1396   1419.75   1445.285
    23-Nov-10       1411.1     1453      1395.1     1438.85   1440.325
    24-Nov-10       1441.5    1467.8     1401.3     1419.15   1435.175
    25-Nov-10       1423.9     1426          1376   1380.85   1425.74
    26-Nov-10        1393      1393      1335.2     1364.85   1415.155
    29-Nov-10        1367      1415      1364.85    1405.05   1410.145
    30-Nov-10        1402     1430.5     1378.5     1423.75   1408.735
     1-Dec-10        1422     1447.6         1403   1412.8    1410.035
     2-Dec-10        1430      1450          1402   1407.85   1407.91
     3-Dec-10       1418.8     1419      1391.1     1399.7    1407.26
     6-Dec-10        1405      1417      1389.4     1409.75   1406.26
     7-Dec-10        1410      1446          1410   1432.4    1405.615
     8-Dec-10        1438     1444.2         1393   1417.5    1405.45
     9-Dec-10        1395      1410      1383.3     1392.15   1406.58
    10-Dec-10        1390      1417          1368   1411.65   1411.26
    13-Dec-10        1415      1433          1403   1420.9    1412.845
    14-Dec-10       1406.5     1432      1406.5     1413.55   1411.825
    15-Dec-10        1414     1414.75        1391   1394.05   1409.95
    16-Dec-10        1420      1420          1366   1381.7    1407.335
    20-Dec-10        1385      1426      1346.8     1414.45   1408.81
    21-Dec-10        1427     1454.9     1405.15    1428.95   1410.73
    22-Dec-10      1430.95     1434      1383.3     1398.75   1407.365
    23-Dec-10       1397.5     1400          1385   1392.1    1404.825
    24-Dec-10        1396      1401          1368   1392.25   1404.835
    27-Dec-10        1399      1409      1387.6     1394.6    1403.13
    28-Dec-10       1399.4    1406.4     1385.5     1397.9    1400.83
    29-Dec-10        1408     1421.95    1391.55    1416.1    1401.085
    30-Dec-10        1425     1437.5         1410   1416.95   1403.375
    31-Dec-10        1427     1429.75        1414   1420.6    1407.265
     3-Jan-11        1430      1450      1421.3     1427.65   1408.585
     4-Jan-11      1437.95    1452.2     1405.15    1429.25   1408.615
     5-Jan-11        1427      1435          1412   1415.1    1410.25
     6-Jan-11        1425      1425          1366   1372.85   1408.325
     7-Jan-11        1384      1384      1340.05    1343.6    1403.46
     10-Jan-11       1348      1348          1318   1327.6    1396.76
     11-Jan-11       1324      1331          1305   1323.7    1389.34
     12-Jan-11      1324.7     1331          1296   1318.5    1379.58
     13-Jan-11       1330      1330      1302.1     1313.1    1369.195


BEC DOMS BAGALKOTPage 34
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

     14-Jan-11       1320      1321          1270   1275.3    1354.665
     17-Jan-11     1289.95    1298.4         1255   1273.7    1339.27
     18-Jan-11       1275     1285.9         1268   1278.55    1324.2
     19-Jan-11       1283     1284.5         1266   1272.3    1309.92
     20-Jan-11       1270      1270          1247   1263.95   1299.03
     21-Jan-11       1265      1270      1243.05    1253.95   1290.065
     24-Jan-11       1261      1299          1257   1291.05   1286.41
     25-Jan-11       1301      1309          1280   1288.2    1282.86
     27-Jan-11       1299      1299          1263   1272.4    1278.25
     28-Jan-11       1274      1274          1225   1233.55   1270.295
     31-Jan-11       1192     1262.7         1170   1252.8    1268.045
     1-Feb-11        1270     1271.9     1233.6     1240.9    1264.765
     2-Feb-11        1261      1261      1212.35    1215.85   1258.495
     3-Feb-11       1218.8    1228.75    1203.85    1218.85   1253.15
     4-Feb-11       1232.8     1236          1176   1183.2    1245.075
     7-Feb-11        1209      1209          1180   1193.55   1239.035
     8-Feb-11       1204.6    1204.6     1170.2     1178.6    1227.79
     9-Feb-11        1179      1188      1151.1     1158.05   1214.775
    10-Feb-11        1150     1172.9         1146   1159.75   1203.51
    11-Feb-11        1165     1188.8         1151   1184.3    1198.585
    14-Feb-11        1206      1225          1199   1220.5    1195.355
    15-Feb-11        1218      1242      1212.05    1236.9    1194.955
    16-Feb-11        1235     1238.15    1221.5     1230.35   1196.405
    17-Feb-11       1227.4     1240      1216.2     1229.5    1197.47
    18-Feb-11        1238      1256      1220.2     1228.8    1202.03
    21-Feb-11        1240      1240      1185.35    1212.65   1203.94
    22-Feb-11       1186.1     1205      1177.2     1183.75   1204.455
    23-Feb-11        1181      1201          1181   1193.8    1208.03
    24-Feb-11        1180      1195      1155.6     1173.35   1209.39
    25-Feb-11        1178      1197      1145.5     1170.75   1208.035
    28-Feb-11        1184      1227          1158   1206.7    1206.655
     1-Mar-11       1215.7     1313      1209.5     1292.9    1212.255
     3-Mar-11       1289.8     1345          1270   1328.25   1222.045
     4-Mar-11        1325     1341.8         1300   1313.75   1230.47
     7-Mar-11      1276.65    1289.95        1251   1264.7    1234.06
     8-Mar-11       1264.6     1275          1246   1256.5    1238.445
     9-Mar-11        1262     1283.8     1258.55    1266.1    1246.68
    10-Mar-11        1270     1284.5     1257.2     1269.1    1254.21


BEC DOMS BAGALKOTPage 35
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

    11-Mar-11        1260     1277.95    1239.2     1252.7       1262.145
    14-Mar-11        1245      1283      1218.35    1259.25      1270.995
    15-Mar-11        1220     1227.7     1200.05    1214.5       1271.775
    16-Mar-11       1215.1     1228      1215.1     1223.6       1264.845
    17-Mar-11      1214.95    1214.95        1161   1169.25      1248.945
    18-Mar-11      1180.15     1202          1150   1158.3        1233.4
    21-Mar-11        1161      1166      1125.9     1131.35      1220.065
    22-Mar-11        1136     1179.3         1134   1171.85       1211.6
    23-Mar-11      1171.85    1180.1     1156.45    1175.65      1202.555
    24-Mar-11        1176      1185      1160.15    1168.6       1192.505
    25-Mar-11        1180     1184.5         1162   1181.8       1185.415
    28-Mar-11        1189      1210      1181.1     1201.8       1179.67
    29-Mar-11        1200      1248          1200   1239.25      1182.145
    30-Mar-11        1244      1296      1239.3     1275.65      1187.35
    31-Mar-11       1268.9    1286.9         1240   1263.55      1196.78


CHART ANALYSIS:-MARUTI SUZUKI




INTERPRETATION:-

      Here, the Moving Average is below to the closing line. In this Graph,
we can observe that moving Average of Maruti Suzuki Ltd. Stock has been
decreased. So, it is giving clear picture of future movement of the scrip. And,
if we observe the trend of this graph then we can also notice that Moving
Average line has been decreased.




ANALYSIS:-

      Here, in this graph moving average line has been decreased and below
to the actual line so it‘s provides a message to the investor that it’s a right
time to buy the security of Maruti Suzuki Ltd.




BEC DOMS BAGALKOTPage 36
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




                      TATA MOTORS




BEC DOMS BAGALKOTPage 37
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




      10 DAYS MOVING AVG OF TATA MOTORS SCRIP
                                  HIGH        LOW     CLOSE     10 DAYS
  DATE          OPEN PRICE        PRICE      PRICE    PRICE    MOVING AVG
1-Apr-10            755            780        755     775.9        -
5-Apr-10           789.9          789.9      768.1    780.85       -
6-Apr-10            783           784.9      768.1    774.3        -
7-Apr-10            774          796.35       774     793.05       -
8-Apr-10           792.4           793       771.1    773.95       -
9-Apr-10            779           814.7       779     808.85       -
12-Apr-10           811            811        780     782.65       -
13-Apr-10           775            785       761.05   774.65       -
15-Apr-10           783           797.6      772.2    775.7        -
16-Apr-10           780            789        772     784.65    782.455
19-Apr-10          773.1          779.4      763.5    775.45     782.41
20-Apr-10          776.2          798.9      775.5     792      783.525
21-Apr-10          799.7           812       793.05   809.15     787.01
22-Apr-10          803.6           854       803.2    836.15     791.32
23-Apr-10           845           849.5      827.65   844.6     798.385
26-Apr-10          849.8          860.8       845     850.75    802.575
27-Apr-10           849           854.9      843.4    846.85    808.995
28-Apr-10           830          843.65      819.1    821.45    813.675
29-Apr-10           830           849.4      822.1    842.85     820.39
30-Apr-10           847           877.9       847     872.85     829.21
3-May-10           871.5          882.2       848     855.55     837.22
4-May-10            865           869.3       839     842.2      842.24
5-May-10            830           842.1      816.55   835.65     844.89
6-May-10            832          834.35      808.15   814.6     842.735


BEC DOMS BAGALKOTPage 38
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


7-May-10             801          802.45      756.55   762.5    834.525
10-May-10            780            817        772     813.75   830.825
11-May-10            820            821       794.7    799.5    826.09
12-May-10            801           811.4      791.2    802.75   824.22
13-May-10            811           835.5       811     831.1    823.045
14-May-10           829.6          831.5      811.1    815.75   817.335
17-May-10            808            810       776.4    788.95   810.675
18-May-10            795            795       766.2    771.55   803.61
19-May-10           763.9           765       706.65   714.5    791.495
20-May-10            720            732       696.1    712.1    781.245
21-May-10           689.8          714.8      675.1    710.3    776.025
24-May-10            715          739.95      701.6    706.6    765.31
25-May-10           699.8          699.8       670     673.7    752.73
26-May-10           684.2          713.4      679.1    709.25   743.38
27-May-10           711.6          749.9      704.05   742.9    734.56
28-May-10            750            774       743.6     748     727.785
31-Ma 10            754.2          764.4      741.3    754.65   724.355
1-Jun-10             745           758.5      722.1    725.65   719.765
2-Jun-10             729          747.95      726.2    744.55   722.77
3-Jun-10             751           771.8       751     767.3    728.29
4-Jun-10             760            775       755.55    772     734.46
7-Jun-10             760            760       734.25   739.2    737.72
8-Jun-10            738.5           756       731.15   736.15   743.965
9-Jun-10             735           744.7      723.4    728.1    745.85
10-Jun-10            734           762.8       730     759.45   747.505
11-Jun-10            770          772.65      758.1    765.05   749.21
14-Jun-10            771            773        755     760.25   749.77
15-Jun-10            761           769.2      749.65   760.05   753.21
16-Jun-10            770            788       766.95   778.2    756.575
17-Jun-10            779           803.8       778      800     759.845
18-Jun-10            800           810.8       793     799.45   762.59
21-Jun-10            810            822       805.85   808.3     769.5
22-Jun-10            805            808       792.3    798.05   775.69
23-Jun-10            798           806.9      787.25   790.7    781.95
24-Jun-10            795           797.7      782.2    784.95    784.5

 BEC DOMS BAGALKOTPage 39
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


25-Jun-10            780          789.35      766.15   769.45    784.94
28-Jun-10            775           791.4       765      787.5    787.665
29-Jun-10            785            787       765.3     768.5    788.51
30-Jun-10            760           781.4      759.2    778.35    788.525
 1-Jul-10           773.6           774       760.4    762.95    784.82
 2-Jul-10           764.95         775.9      763.15    767      781.575
 5-Jul-10            764           779.8      761.2     765      777.245
 6-Jul-10           764.8          771.8       760     767.95    774.235
 7-Jul-10           766.6         768.95      748.55    750.9    770.255
 8-Jul-10            764           765.9      754.65   756.05    767.365
 9-Jul-10           761.1          772.9      758.4     770.6    767.48
12-Jul-10            775           792.1      774.5    788.45    767.575
13-Jul-10            792          804.95      786.7     802.9    771.015
14-Jul-10            805           814.5      794.3     798.8    773.06
15-Jul-10            800           812.4      791.65    810.1    777.775
16-Jul-10           812.9           833        808      831.6    784.235
19-Jul-10            824          833.95       822     825.45    790.28
20-Jul-10            829           832.9      808.9     812.5    794.735
21-Jul-10           815.2          825.5      815.2    820.95    801.74
22-Jul-10           818.1           840       816.3     835.6    809.695
23-Jul-10            842           846.9      832.55   837.45    816.38
26-Jul-10           839.4          840.5      816.4    818.65     819.4
27-Jul-10            810           848.5       810     844.55    823.565
28-Jul-10           845.15         856.3       844     851.95    828.88
29-Jul-10           853.1           869       845.5     865.7    834.44
30-Jul-10           859.9          861.1      843.3    846.15    835.895
2-Aug-10             855          863.15      842.6     847.6    838.11
3-Aug-10             853            854       839.6     841.9    841.05
4-Aug-10            844.65         846.5       835     843.15    843.27
5-Aug-10            843.15        865.55      843.05   860.85    845.795
6-Aug-10             855           900.9       855     894.35    851.485
9-Aug-10             895           920.8       894     918.95    861.515
10-Aug-10           909.3          967.3      820.25    957.3    872.79
11-Aug-10           968.8        1023.55       964     1006.65   888.26
12-Aug-10            999          1031.8      990.4     1024     904.09

 BEC DOMS BAGALKOTPage 40
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


13-Aug-10            1020         1027.7      1008.8    1017     921.175
16-Aug-10            1009        1022.75       992.8   1001.55    936.57
17-Aug-10            1007        1018.15       998.3   1005.5     952.93
18-Aug-10            998           1055        998     1047.6    973.375
19-Aug-10           1046.7       1048.65      1032.4   1040.1     991.3
20-Aug-10            1035         1037.7       1013     1015     1003.365
23-Aug-10            1024          1025       1005.9   1014.6    1012.93
24-Aug-10           1014.5       1019.75       1007    1010.15   1018.215
25-Aug-10            1006         1013.8       983.5    991.8    1016.73
26-Aug-10           993.25         1018        985     997.65    1014.095
27-Aug-10            1000          1012        987.5    990.7    1011.465
30-Aug-10            996           1010        980.8   991.45    1010.455
31-Aug-10            986           1012       982.85   1007.45   1010.65
1-Sep-10             1015         1019.6       1002    1008.55   1006.745
2-Sep-10            1018.2        1032.5      1014.1   1017.05   1004.44
3-Sep-10             1022         1024.1      1010.05 1012.55    1004.195
6-Sep-10           1016.55         1039       1016.55 1034.75    1006.21
7-Sep-10             1030         1060.7       1030    1038.05    1009
8-Sep-10             1033        1043.05       1026    1031.8     1013
9-Sep-10            1038.7        1042.7      1008.6   1015.5    1014.785
13-Sep-10          1023.25        1033.9      1017.1   1026.4    1018.355
14-Sep-10            1028         1067.5      1024.35 1054.45    1024.655
15-Sep-10            1065         1077.2       1019    1024.3    1026.34
16-Sep-10           1025.1        1040.8       1020    1028.8    1028.365
17-Sep-10            1035         1047.5       1030    1035.65   1030.225
20-Sep-10            1045         1059.3      1037.7   1056.2    1034.59
21-Sep-10           1064.9         1082       1050.8   1077.4    1038.855
22-Sep-10            1082         1089.3      1060.6   1070.65   1042.115
23-Sep-10            1069          1080        1063    1072.2    1046.155
24-Sep-10           1070.8        1076.6      1062.5   1070.35   1051.64
27-Sep-10            1075         1091.7      1070.8   1083.7    1057.37
28-Sep-10            1073          1089       1067.25 1079.55    1059.88
29-Sep-10           1083.2       1109.85       1080    1106.65   1068.115
30-Sep-10            1110          1111       1086.1   1097.3    1074.965
1-Oct-10             1100        1155.75       1100    1118.85   1083.285

 BEC DOMS BAGALKOTPage 41
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


4-Oct-10           1120.1        1147.4       1120     1139.6    1091.625
5-Oct-10            1140          1145       1129.25 1134.35     1097.32
6-Oct-10           1144.9       1151.65       1132     1137.05   1103.96
7-Oct-10            1140          1148       1116.2    1126.35   1109.375
8-Oct-10            1133         1139.7       1092     1104.9    1112.83
11-Oct-10           1115         1151.4       1114     1149.7    1119.43
12-Oct-10           1155          1165       1145.9    1156.7    1127.145
13-Oct-10           1162         1180.5      1150.4    1176.3    1134.11
14-Oct-10           1182         1194.8      1173.85 1183.05     1142.685
15-Oct-10           1186        1188.95      1150.5    1156.55   1146.455
18-Oct-10          1159.4       1176.85      1131.35 1169.25     1149.42
19-Oct-10           1177        1184.95       1164     1170.4    1153.025
20-Oct-10           1165          1175        1150     1155.55   1154.875
21-Oct-10           1160          1178        1160     1166.45   1158.885
22-Oct-10           1170         1174.5       1146     1152.3    1163.625
25-Oct-10           1158        1188.35       1158     1184.6    1167.115
26-Oct-10         1184.75         1197       1178.4    1191.8    1170.625
27-Oct-10           1191          1201       1182.55 1194.25     1172.42
28-Oct-10           1200         1206.6       1185     1190.5    1173.165
29-Oct-10           1188        1194.75      1141.5    1159.45   1173.455
1-Nov-10            1176         1182.9       1164     1170.35   1173.565
2-Nov-10           1179.4        1179.4      1144.05   1153.9    1171.915
3-Nov-10            1164          1192       1163.5    1185.3    1174.89
4-Nov-10          1190.25         1240       1178.3    1233.1    1181.555
5-Nov-10            1248        1254.95      1240.1    1245.6    1190.885
8-Nov-10            1250         1277.9       1243      1268     1199.225
9-Nov-10           1272.5        1294.7       1262     1270.55    1207.1
10-Nov-10           1350          1350       1296.8    1302.15   1217.89
11-Nov-10           1315        1323.65       1265     1276.5    1226.49
12-Nov-10           1268         1291.1      1240.2    1245.55    1235.1
15-Nov-10           1250         1257.9      1225.1    1252.3    1243.295
16-Nov-10           1260          1265        1189     1206.55   1248.56
18-Nov-10         1212.25        1237.9       1177     1230.9    1253.12
19-Nov-10           1237        1244.95      1178.15 1190.05     1248.815
22-Nov-10         1202.55        1232.7       1192     1227.95   1247.05

BEC DOMS BAGALKOTPage 42
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


23-Nov-10           1217          1229        1181     1213.65   1241.615
24-Nov-10           1216        1259.85      1207.05   1217.5    1236.31
25-Nov-10          1231.9        1249.9      1200.05   1206.3    1226.725
26-Nov-10          1212.3        1217.8      1137.7    1166.5    1215.725
29-Nov-10           1166         1193.4       1145      1186     1209.77
30-Nov-10          1182.9       1244.45       1164     1237.1    1208.25
1-Dec-10           1230.2         1303        1227     1288.15   1216.41
2-Dec-10           1295.5        1328.7      1295.5    1320.35   1225.355
3-Dec-10            1315          1346       1302.2    1314.85   1237.835
6-Dec-10            1323         1381.4       1322     1358.5    1250.89
7-Dec-10            1354          1354       1312.8    1331.9    1262.715
8-Dec-10            1330         1346.1       1296     1335.2    1274.485
9-Dec-10           1339.7         1340       1257.25   1272.3    1281.085
10-Dec-10          1269.4        1269.4      1212.85   1248.1    1289.245
13-Dec-10           1258        1292.85       1253     1275.85   1298.23
14-Dec-10          1283.8       1311.95      1268.55   1303.8     1304.9
15-Dec-10         1296.55       1335.25       1290     1320.2    1308.105
16-Dec-10           1316         1368.8       1292     1347.95   1310.865
20-Dec-10           1334         1359.7       1323     1344.2     1313.8
21-Dec-10         1348.45       1363.65      1334.15 1349.55     1312.905
22-Dec-10           1355          1372       1346.8    1365.6    1316.275
23-Dec-10         1365.45       1368.85       1336     1348.8    1317.635
24-Dec-10           1345          1345       1302.1    1306.1    1321.015
27-Dec-10          1303.9         1320       1293.8    1300.6    1326.265
28-Dec-10         1304.55        1306.9      1262.05   1267.7    1325.45
29-Dec-10           1268        1279.75      1252.05 1272.35     1322.305
30-Dec-10           1277          1299        1273     1296.2    1319.905
31-Dec-10         1304.95        1313.5      1296.6    1306.3    1315.74
3-Jan-11            1321         1334.3      1302.85 1306.45     1311.965
4-Jan-11            1312          1321        1287     1300.5    1307.06
5-Jan-11            1297          1310       1275.15   1282.4    1298.74
6-Jan-11          1287.55         1301        1250     1259.05   1289.765
7-Jan-11            1258        1263.95      1177.7    1189.5    1278.105
10-Jan-11           1190        1206.75       1158     1178.25   1265.87
11-Jan-11          1184.9         1199       1142.45   1160.3    1255.13

BEC DOMS BAGALKOTPage 43
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


12-Jan-11           1180        1219.45      1175.8    1216.4    1249.535
13-Jan-11           1218          1245       1209.5    1235.65   1243.48
14-Jan-11           1223         1225.9       1174     1178.6    1230.71
17-Jan-11          1180.5         1190        1155     1180.2    1218.085
18-Jan-11           1184        1207.55      1182.6    1198.85   1207.92
19-Jan-11         1204.45         1207       1182.55 1193.55     1199.035
20-Jan-11           1180         1204.4      1162.55   1195.7     1192.7
21-Jan-11           1188          1203       1175.1    1188.2    1192.57
24-Jan-11          1187.7         1198       1175.1     1188     1193.545
25-Jan-11         1196.25         1198        1158     1165.3    1194.045
27-Jan-11          1179.1        1199.2      1171.05 1194.25     1191.83
28-Jan-11         1186.75         1187       1121.85   1145.7    1182.835
31-Jan-11           1123         1158.1       1113     1148.25    1179.8
1-Feb-11            1153         1155.5      1062.85   1068.8    1168.66
2-Feb-11            1080        1125.95       1079     1110.85   1159.86
3-Feb-11            1105          1162       1093.2    1156.15   1156.12
4-Feb-11           1153.9         1188       1140.25   1149.6    1151.51
7-Feb-11            1144        1159.25       1111     1145.9    1147.28
8-Feb-11            1145         1156.9       1104     1113.1    1139.79
9-Feb-11            1100        1118.45      1055.55 1077.35     1130.995
10-Feb-11          1079.9         1117       1073.3    1102.9    1121.86
11-Feb-11          1113.9        1166.2      1097.8    1144.65   1121.755
14-Feb-11          1188.1       1221.25       1188     1208.75   1127.805
15-Feb-11           1209          1248       1201.1    1237.85   1144.71
16-Feb-11         1236.75         1248        1218     1238.45   1157.47
17-Feb-11          1234.9         1256       1225.15   1250.8    1166.935
18-Feb-11           1250          1258       1198.35 1201.95     1172.17
21-Feb-11           1209          1209       1135.2    1161.95   1173.775
22-Feb-11          1151.8        1153.7      1123.65 1137.35      1176.2
23-Feb-11           1131          1163        1128     1144.5    1182.915
24-Feb-11           1140         1141.7      1043.2    1058.25   1178.45
25-Feb-11           1082         1115.6      1071.6    1105.1    1174.495
28-Feb-11           1117          1125        1055     1081.8     1161.8
1-Mar-11            1097          1144        1097     1140.4    1152.055
3-Mar-11            1136         1183.7      1119.85   1175.5    1145.76

BEC DOMS BAGALKOTPage 44
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


4-Mar-11           1187.1         1194       1162.3    1169.8    1137.66
7-Mar-11            1155         1155.9       1121     1127.25   1130.19
8-Mar-11           1125.9         1162       1125.9    1160.05    1130
9-Mar-11            1171         1176.3      1153.25 1161.95     1132.46
10-Mar-11         1167.25        1174.5      1152.65 1163.75     1134.385
11-Mar-11          1157.9         1170       1131.5    1157.45   1144.305
14-Mar-11           1156          1174       1140.55 1168.95     1150.69
15-Mar-11           1140        1158.65      1128.65 1143.45     1156.855
16-Mar-11          1151.1        1169.9      1147.3    1162.7    1159.085
17-Mar-11           1148        1161.25      1138.2    1142.75   1155.81
18-Mar-11         1148.55        1152.4      1112.75 1117.95     1150.625
21-Mar-11           1129          1132       1114.6    1122.35   1150.135
22-Mar-11          1128.9        1143.9      1128.9     1136     1147.73
23-Mar-11           1128          1143       1125.65 1136.75     1145.21
24-Mar-11          1145.2         1158       1145.2    1155.55   1144.39
25-Mar-11         1170.15        1189.4       1161     1181.85   1146.83
28-Mar-11         1188.15       1224.95      1188.15   1220.3    1151.965
29-Mar-11          1228.2       1246.35      1212.6    1239.2    1161.54
30-Mar-11           1240          1258       1238.1    1247.05   1169.975
31-Mar-11           1251          1260        1221     1247.5    1180.45




BEC DOMS BAGALKOTPage 45
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




CHART:- TATA MOTORS




INTERPRETATION:-

      Here, In this case, Moving Average is below to the actual line. In this
Graph, we can see that the moving average of Tata Motors Stock has been
increasing. So, it is giving clear picture of future movement of the scrip to
the investors.


ANALYSIS:- This Graph provides a message to the investor that the both
stock price are increasing     so it indicates that it is not right time to buy the
security it’s time to sell the security.




BEC DOMS BAGALKOTPage 46
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




              Mahindra & Mahindra




10 DAYS MOVING AVERAGE OF M&M SCRIP
                OPEN         HIGH         LOW      CLOSE     10 DAYS
     DATE       PRICE        PRICE       PRICE      PRICE   MOVING AVG
 1-Apr-10       550.4        555.7       528.3      533.8
 5-Apr-10       537.3        548.8       535.5     547.15
 6-Apr-10         550       552.95       533.1     534.25
 7-Apr-10       539.7       541.25           525   529.95
 8-Apr-10         536          544      522.55     525.15
 9-Apr-10         530          533       522.2     528.25
 12-Apr-1
        0         532        532.6       516.5      517.7

BEC DOMS BAGALKOTPage 47
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

 13-Apr-1
        0         519       520.25       505.2      508.4
 15-Apr-1
        0       511.9        518.7       508.6     510.35
 16-Apr-1
        0         510          514           500   502.65   523.765
 19-Apr-1
        0       498.5        509.2           491   503.65    520.75
 20-Apr-1
        0         505          519           504   510.75    517.11
 21-Apr-1
        0     512.05         515.9           506   508.65    514.55
 22-Apr-1
        0     508.65        517.75       505.1     508.35    512.39
 23-Apr-1
        0         509        523.2           504   520.55    511.93
 26-Apr-1
        0         525          532           522    528.4   511.945
 27-Apr-1
        0         535        540.4      528.75     537.05    513.88
 28-Apr-1
        0         532       537.05           521   524.75   515.515
 29-Apr-1
        0     524.75         533.5       519.1      524.1    516.89
 30-Apr-1
        0         530        531.5      519.55      526.1   519.235
 3-May-10         524        535.8      522.55     526.05   521.475
 4-May-10         530       534.95       512.5      516.9    522.09
 5-May-10         501          527           501    521.3   523.355
 6-May-10     518.85           523       508.5     519.35   524.455
 7-May-10         510        526.5           507    523.3    524.73
 10-May-1
        0         532          555       528.4      553.7    527.26
 11-May-1
        0         555       566.05           551   562.05    529.76
 12-May-1
        0         561          566       536.4      546.3   531.915
 13-May-1
        0         547          575           547     565    536.005
 14-May-1
        0         560          567       554.6     559.85    539.38
 17-May-1
        0         550          561           543    557.8   542.555
 18-May-1
        0         558        568.9      547.75      559.8   546.845
 19-May-1
        0         555        559.5           515   526.65    547.38
 20-May-1
        0     528.65        540.85       517.7       522    547.645


BEC DOMS BAGALKOTPage 48
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

 21-May-1
        0         510        542.7      505.05     539.45    549.26
 24-May-1
        0       549.5        556.9           524    529.3    546.82
 25-May-1
        0         525        538.6           509   516.15    542.23
 26-May-1
        0       533.8       538.55           514   519.45   539.545
 27-May-1
        0         520          540           519    528.7   535.915
 28-May-1
        0     538.95         549.8      535.05     545.05   534.435
 31-May-1
        0         553        577.6           552   572.45     535.9
  1-Jun-10      573.5        583.5       558.2      563.9    536.31
  2-Jun-10      569.7          578       564.5      574.2   541.065
  3-Jun-10        584          589           576   582.75    547.14
  4-Jun-10        583          587           572    585.2   551.715
  7-Jun-10      570.6        585.9           560    578.4   556.625
  8-Jun-10      580.1        585.5       569.4       571     562.11
  9-Jun-10        572       582.95           572    577.2   567.885
  10-Jun-1
         0    577.95           600      577.95      591.9   574.205
  11-Jun-1
         0    597.15           616           595    604.4    580.14
  14-Jun-1
         0    611.15         616.3           607   612.75    584.17
  15-Jun-1
         0    614.95        617.95           605   607.85   588.565
  16-Jun-1
         0        616       636.25           610   630.25    594.17
  17-Jun-1
         0    631.35         641.8           627   631.65    599.06
  18-Jun-1
         0      633.9          641           615   619.25   602.465
  21-Jun-1
         0        625        639.9           625     637    608.325
  22-Jun-1
         0        639        644.9       628.9      632.9   614.515
  23-Jun-1
         0        630       636.45       627.3     630.75    619.87
  24-Jun-1
         0        634       637.55           620   632.45   623.925
  25-Jun-1
         0      630.5        635.4       610.5      614.7   624.955
  28-Jun-1
         0        610          627           608    622.2     625.9
  29-Jun-1        625          627           610   614.45    626.56


BEC DOMS BAGALKOTPage 49
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

          0
  30-Jun-1
         0        614          630           605   625.25    626.06
  1-Jul-10        625          629           614    615.8   624.475
  2-Jul-10      615.8        621.8           601    602.3    622.78
  5-Jul-10      605.1          614           600    610.3    620.11
  6-Jul-10    613.75           629           611    626.6    619.48
  7-Jul-10      627.5       629.85           619   621.25    618.53
  8-Jul-10        622        632.6           619    622.8   617.565
  9-Jul-10        628       640.75       626.5     638.45    619.94
 12-Jul-10        643          648       632.1      637.9    621.51
 13-Jul-10        639       641.75           623    631.8   623.245
 14-Jul-10      638.5          640      614.15      616.4    622.36
 15-Jul-10        614       620.95      609.55      616.8    622.46
 16-Jul-10        619          623       601.1      604.1    622.64
 19-Jul-10        600       613.95       596.1      607.4    622.35
 20-Jul-10      609.4          614           600   602.05   619.895
 21-Jul-10        600        620.5       595.2      616.9    619.46
 22-Jul-10      618.7       633.85       618.7      632.3    620.41
 23-Jul-10        640          655       625.1       627    619.265
 26-Jul-10        630          646       618.1      619.7   617.445
 27-Jul-10      619.7        642.9           619    639.7   618.235
 28-Jul-10    644.95         655.7       638.2     643.95    620.99
 29-Jul-10      647.8          652           636    644.1    623.72
 30-Jul-10        645        664.7           638    661.5    629.46
 2-Aug-10         664       669.75       653.1      660.4    634.76
 3-Aug-10         677          677      650.05     652.85    639.84
 4-Aug-10       652.9          656       642.5      653.9    643.54
 5-Aug-10         658        659.8      642.55      645.1    644.82
 6-Aug-10         645          658           641   649.35   647.055
 9-Aug-10         651          658           645    650.3   650.115
 10-Aug-1
        0         651        656.5           637   640.45    650.19
 11-Aug-1
        0         642       646.85      620.65     627.65    648.56
 12-Aug-1
        0         626          645       615.3     632.65   647.415
 13-Aug-1
        0         638          640           625   627.65    644.03
 16-Aug-1
        0         550          636           550    622.9    640.28
 17-Aug-1     626.15         629.7       616.4      621.6   637.155


BEC DOMS BAGALKOTPage 50
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

          0
 18-Aug-1
        0       624.9        624.9           611    617.9   633.555
 19-Aug-1
        0       627.9          634       615.1       616    630.645
 20-Aug-1
        0         617          622           610   617.75   627.485
 23-Aug-1
        0         630        634.5      620.65     624.05    624.86
 24-Aug-1
        0         630          630      615.25     617.05    622.52
 25-Aug-1
        0       617.1       619.45      606.45     615.15    621.27
 26-Aug-1
        0         620       624.35       609.1      619.3   619.935
 27-Aug-1
        0         621          621           608    610.6    618.23
 30-Aug-1
        0         616          619       604.3     609.05   616.845
 31-Aug-1
        0         607          630           605    626.4   617.325
 1-Sep-10         631        636.9       625.3      628.2   618.355
 2-Sep-10         632        634.9      625.45     627.25    619.48
 3-Sep-10         631          640           627    630.8   620.785
 6-Sep-10       633.2        637.4       630.3     633.45   621.725
 7-Sep-10         634        639.9           626   629.65   622.985
 8-Sep-10         630        637.2           628   635.35   625.005
 9-Sep-10         635        656.9           635    655.4   628.615
 13-Sep-1
        0       659.7          665       652.1     660.55    633.61
 14-Sep-1
        0         655        677.8           655   670.05    639.71
 15-Sep-1
        0         672       684.45           669    676.4    644.71
 16-Sep-1
        0         674        682.8       665.6     673.05   649.195
 17-Sep-1
        0       677.1          685       676.3       679     654.37
 20-Sep-1
        0     684.95           692      676.25     687.75   660.065
 21-Sep-1
        0         689        704.9           679    681.9    664.91
 22-Sep-1
        0         695        744.7      672.65     682.95    670.24
 23-Sep-1
        0       687.8          694       683.1     690.55    675.76
 24-Sep-1
        0         694       694.75           685    690.2    679.24


BEC DOMS BAGALKOTPage 51
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

 27-Sep-1
        0     693.85         703.9           690   694.15     682.6
 28-Sep-1
        0         700        716.4       696.9      711.8   686.775
 29-Sep-1
        0         725          725      696.05      698.4   688.975
 30-Sep-1
        0         699        704.5      688.75      693.3      691
 1-Oct-10         700          716       698.5      713.5    694.45
 4-Oct-10         719       742.95           719    731.4   698.815
 5-Oct-10         738          750       731.4     745.35    705.16
 6-Oct-10     749.95         758.7           737    739.6   710.825
 7-Oct-10       737.5        745.6           719    725.7    714.34
 8-Oct-10       731.6        732.5           695    705.8     715.9
 11-Oct-1
        0         717          717      701.15     706.65    717.15
 12-Oct-1
        0       711.8       719.05      705.85      715.9    717.56
 13-Oct-1
        0         725          738      714.45      735.7    721.29
 14-Oct-1
        0         740       743.95           711    718.9    723.85
 15-Oct-1
        0         720          726           706    710.6    723.56
 18-Oct-1
        0     714.35         715.9       687.8     701.15   720.535
 19-Oct-1
        0     706.55           712           697    700.1    716.01
 20-Oct-1
        0         700        709.5      694.05     697.15   711.765
 21-Oct-1
        0         700          715       698.1      712.8   710.475
 22-Oct-1
        0         718          718       699.5       701    709.995
 25-Oct-1
        0         708          721           703   715.55   710.885
 26-Oct-1
        0       719.8       728.45           715    717.7   711.065
 27-Oct-1
        0         717        733.8           717    729.4   710.435
 28-Oct-1
        0         732       739.85       721.5      733.5   711.895
 29-Oct-1
        0         740          745           706   731.85    714.02
 1-Nov-10       736.2       770.65           728    765.9   720.495
 2-Nov-10       769.1          772       750.6     757.15     726.2
 3-Nov-10         764        769.7       752.5     759.55    732.44



BEC DOMS BAGALKOTPage 52
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


 4-Nov-10         765          794           765    777.7    738.93
 5-Nov-10     785.15           794      785.15     790.85   747.915
 8-Nov-10     795.25           797       774.6     776.55   754.015
 9-Nov-10       787.2       791.55           772    781.2   760.365
 10-Nov-1
        0         781       808.95           781     805    767.925
 11-Nov-1
        0         810        826.4       806.1     813.05    775.88
 12-Nov-1
        0         810          815      770.25      774.4   780.135
 15-Nov-1
        0       766.5          804       766.5     799.95    783.54
 16-Nov-1
        0       800.9       800.95       775.1       778    785.625
 18-Nov-1
        0         781          793       760.7      780.4    787.71
 19-Nov-1
        0       785.9        785.9      748.05     753.15   785.255
 22-Nov-1
        0         758        772.9       734.7     766.35   782.805
 23-Nov-1
        0       769.9        779.4      744.35      759.7    781.12
 24-Nov-1
        0         767          797           767   784.25   781.425
 25-Nov-1
        0         790       798.25           767   781.25    779.05
 26-Nov-1
        0       783.6          790           751   757.65    773.51
 29-Nov-1
        0         760          774           745   768.55   772.925
 30-Nov-1
        0       772.1          782           757    766.3    769.56
 1-Dec-10       774.8        804.9       767.9       801     771.86
 2-Dec-10         808          814       781.5     789.35   772.755
 3-Dec-10         792        804.3           789   798.75   777.315
 6-Dec-10     800.55         809.8      789.35     792.05   779.885
 7-Dec-10         793          805           793   800.65    783.98
 8-Dec-10       794.5       796.85       783.2      787.5   784.305
 9-Dec-10         790        792.4       751.7      760.5    782.23
 10-Dec-1
        0         760       782.45           750   777.65    784.23
 13-Dec-1
        0         788          788      759.95      767.9   784.165
 14-Dec-1
        0         766          767      752.75      757.6   783.295
 15-Dec-1
        0         755        769.7       747.1     753.15    778.51


BEC DOMS BAGALKOTPage 53
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

 16-Dec-1
        0         754          754       722.1      732.6   772.835
 20-Dec-1
        0       739.9        754.9           725    745.8    767.54
 21-Dec-1
        0       749.8        757.9           747    753.8   763.715
 22-Dec-1
        0         759       764.95      753.35     757.55   759.405
 23-Dec-1
        0         760        762.8      744.95      751.5   755.805
 24-Dec-1
        0         752        764.7           743   760.75    755.83
 27-Dec-1
        0         760        766.7           756    758.4   753.905
 28-Dec-1
        0         759       768.45      750.85      763.9   753.505
 29-Dec-1
        0       764.5       774.65       754.3      773.4   755.085
 30-Dec-1
        0         775        781.9      772.45      775.7    757.34
 31-Dec-1
        0       775.9        784.5      775.35     777.55   761.835
  3-Jan-11        792        801.9           785   787.05    765.96
  4-Jan-11      789.9          792       777.6      780.2     768.6
  5-Jan-11      780.2        788.3           766   771.05    769.95
  6-Jan-11        775       776.75      758.55      769.9    771.79
  7-Jan-11        765          766       732.1      738.6   769.575
10-Jan-11         738          750       722.1      729.2   766.655
11-Jan-11         730       742.55       727.2      735.5   763.815
12-Jan-11         742        753.5       725.2     751.05    761.58
13-Jan-11     757.95        757.95       732.8      738.1    757.82
14-Jan-11         735        752.9           730   739.05    753.97
17-Jan-11         739          746           730    737.4   749.005
18-Jan-11         739          752      737.65      746.5   745.635
19-Jan-11         748          766       746.5      751.1    743.64
20-Jan-11       748.1        764.7       748.1      760.4    742.69
21-Jan-11     757.25         775.7      755.15     771.05   745.935
24-Jan-11       771.1          793       771.1      788.2   751.835
25-Jan-11         791          799      767.05      770.5   755.335
27-Jan-11         776          776      726.15       733     753.53
28-Jan-11       733.2        735.7       677.2     696.85   749.405
31-Jan-11         684          716           680   712.05   746.705
 1-Feb-11         720          721      697.05     705.05    743.47
 2-Feb-11         710          720       692.2      701.2    738.94


BEC DOMS BAGALKOTPage 54
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT


 3-Feb-11         699       711.95           695   705.85   734.415
 4-Feb-11         706          706      655.15     668.35    725.21
 7-Feb-11       676.5        680.8           663   668.55    714.96
 8-Feb-11       675.5       676.05           625   628.65   699.005
 9-Feb-11     626.35           666           620    654.2   687.375
 10-Feb-1
        1         654        661.6      642.05      654.4   679.515
 11-Feb-1
        1       657.9          672       637.7      668.4    676.67
 14-Feb-1
        1         675          689           668    679.8   673.445
 15-Feb-1
        1       680.1          682       655.7      667.5    669.69
 16-Feb-1
        1       669.3        669.3           648   657.15   665.285
 17-Feb-1
        1         660        672.9       650.2     669.25   661.625
 18-Feb-1
        1     671.45           676           647   651.25   659.915
 21-Feb-1
        1         654          654       635.5      651.2    658.18
 22-Feb-1
        1         645          645      632.25     639.75    659.29
 23-Feb-1
        1     639.75         648.5           634   639.75   657.845
 24-Feb-1
        1         639          640       608.8      615.9   653.995
 25-Feb-1
        1       628.5        628.5      587.65      595.1   646.665
 28-Feb-1
        1         600        642.7       585.1      614.1   640.095
 1-Mar-11       622.9        670.6       622.9     665.45    639.89
 3-Mar-11         652        676.4           652     673    641.475
 4-Mar-11         678       691.85       672.5     676.25   642.175
 7-Mar-11       811.5        811.5           648    660.3    643.08
 8-Mar-11       669.7        670.7           661    664.9    644.45
 9-Mar-11         668        673.9      663.75      668.7   647.345
 10-Mar-1
        1         662          674           662    667.4    650.11
 11-Mar-1
        1       662.6        665.7      651.75      655.7    654.09
 14-Mar-1
        1         655        667.7       652.5     662.05   660.785
 15-Mar-1
        1     649.95        656.45           635   644.35    663.81
 16-Mar-1
        1     654.95           662           651    659.4   663.205


BEC DOMS BAGALKOTPage 55
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

 17-Mar-1
        1         651        664.9           651   654.65    661.37
 18-Mar-1
        1       662.8        662.8           627   632.95    657.04
 21-Mar-1
        1         640        644.8       627.4     641.75   655.185
 22-Mar-1
        1         644          656       640.5      652.4   653.935
 23-Mar-1
        1       654.1          655       641.5     645.75    651.64
 24-Mar-1
        1         652       667.25       647.1     664.35   651.335
 25-Mar-1
        1       679.5          680       662.5     672.75    653.04
 28-Mar-1
        1         675        684.9       671.6     677.15    654.55
 29-Mar-1
        1         675          689           675    686.3   658.745
 30-Mar-1
        1         687        711.8           687   710.05    663.81
 31-Mar-1
        1         709          724           685    698.6   668.205




CHART:- M&M




BEC DOMS BAGALKOTPage 56
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




INTERPRETATION:-

            In this Graph, we can observe that moving Average of MAHINDRA
& MAHIDRA’S. Stock scrip is below the actual price. And, if we observe the
trend of this graph then we can also notice that Moving Average line has
been decreased.


ANALYSIS:-
        Here, in this case, the Stock price of MAHINDRA & MAHIDRA’S. is
above to its moving average line. So, it is giving clear picture of future
movement of the scrip. So it indicates that it is a right time to buy the
security.




                        CANDLE STICK CHART

MARUTI-SUZUKI:-




INTERPRETATION:- In the above Candle Stick Chart it is clear that Stock Price
of   MARUTI-SUZUKI      has   ups   and      downs.   Simply   Share   Prices   of
MARUTI-SUZUKI is moving up and decreased to the last months.

ANALYSIS:-

BEC DOMS BAGALKOTPage 57
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

It indicates that the investors are becoming more bullish than bearish in the
October and November months. Here, It is a right time to sell the Scrip. Were
its decreasing last months in that time we buy the scrip.




TATA MOTORS:-




INTERPRETATION:-

         In the above Candle Stick Chart it is clear that Stock Price of TATA
MOTORS has been increasing. And the Share Prices of TATA MOTORS is
moving up.


ANALYSIS:- .



BEC DOMS BAGALKOTPage 58
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

              It indicates that the investors are becoming more bullish. Here,
as far as TATA MOTORS is concerned, bullish market trend is taking place. It
is a right time to sell the Scrip.




CHART:- M&M




INTERPRETATION:-
      In the above Candle Stick Chart it is clear that Stock Price of MAHIDRA
& MAHIDRA has been increasing it indicates that the investors are becoming
more bullish than bearish.


ANALYSIS:-
      Here, as far as M&M is concerned, bullish market trend is taking place.
The Share Prices of MAHIDRA & MAHIDRA is moving up. It is a right time to
sell the Scrip.




BEC DOMS BAGALKOTPage 59
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




      FINDINGS, SUGGESTIONS &
            CONCLUSION




BEC DOMS BAGALKOTPage 60
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




                         FINDINGS OF THE STUDY

         Technical analysts evaluate securities by analyzing statistics
         generated by market activity, past prices and volume.
         Moving average line has been decreased and below to the actual
         line so it‘s provides a message to the investor that it’s a right time
         to buy the security of Maruti Suzuki Ltd.
         Candle Stick Chart it is clear that Stock Price of MARUTI-SUZUKI It
         indicates that the investors are becoming more bullish than bearish
         in the October and November months. Here, It is a right time to sell
         the Scrip. Were its decreasing last months in that time we buy the
         scrip.

         In case of 10 days Moving Average of Tata Motors Scrip, message
         to the investor that     the both stock price are increasing          so it
         indicates that it is not right time to buy the security it’s time to sell
         the security.
         Candle Stick Chart it is clear that Stock Price of TATA MOTORS has
         been increasing, as far as TATA MOTORS is concerned, bullish
         market trend is taking place. It is a right time to sell the Scrip.
         Moving Average of the Stock price of MAHINDRA & MAHIDRA’S. is
         above to its moving average line. So, it is giving clear picture of
         future movement of the scrip. So it indicates that it is a right time
         to buy the security.

         It is a right time to sell the Scrip of MAHINDRA & MAHIDRA’S Candle
         Stick Chart it is clear that Stock Price of MAHIDRA & MAHIDRA has
         been increasing




BEC DOMS BAGALKOTPage 61
TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT




                    CONCLUSION OF THE STUDY
      As we all know India is one of the fastest growing economies in the
world. India is consistently achieving growth in automobile sector. The
automotive industry is witnessing tremendous and unprecedented changes
these days. On a global scale, the assets of the top ten automotive
corporations accounts for 28% of the assets of the world’s top 50 companies,
29% of their employment and 30% of their total sales.


      The Indian automobile industry is going through a technological
change where each firm is engaged in changing its processes and
technologies to sustain the competitive advantage and provide customers
with the optimized products and services. Consistent growth and dedication
have made the Indian automobile industry the second- largest tractor and
two-wheeler manufacturer in the world. It is also the fifth-largest
commercial vehicle manufacturer in the world. The Indian automobile market
is among the largest in Asia.


      Apart from domestic production, the industry is consistently focusing
on the automobile exports. The auto component segment is contributing a
lot in the export arena. The liberalized policies of the government are now
making the companies go for more and more exports. Because of these
reasons, the shares of automobile industry are performing well and therefore
the share market is attracting people to invest their hard earned money and
find fortune. But lack of knowledge about shares and stock market is making




BEC DOMS BAGALKOTPage 62
Geojit report on technical annalysis
Geojit report on technical annalysis
Geojit report on technical annalysis
Geojit report on technical annalysis

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Geojit report on technical annalysis

  • 1. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT COMPANY profile BEC DOMS BAGALKOTPage 1
  • 2. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT PROFILE OF THE GEOJIT FINANCIAL SERVICES LTD. Geojit, a joint venture with Kerala State Industrial Development Corporation Ltd. is a pioneer in the retail financial services sector. Over two decades the company has grown to offering complete management solutions. Today the company has over Rs.20 billion in assets under its custody. Geojit’s shares are listed on the Bombay Stock Exchange. The company is a member of the National Stock Exchange of India Ltd., the Bombay Stock Exchange and the National Securities Depository Ltd., and a charter member of the Association of Financial Planners, India. More than 1000 professionals are operating through over 250 offices across the country provide services to a growing retail investor base of 200,000. Prominent institutional clients include banks, mutual funds and other institutions such as UTI and insurance companies. Geojit has a large pool of certified professionals who plan, execute and manage customized investment strategies for clientele. Financial literacy programmers are conducted on a regular basis through the branch network to raise investment awareness. Early application of innovative technology in the industry led to many national firsts such as internet trading, electronic securities settlement on the web and an online integrated trading screen for stocks and derivatives. - IN 1988 The company, Geojit Securities Limited (GSL), was a partnership firm, with two partners Mr. C.J. George and Mr. Ranjit, under the name and style of M/s Geojit & Company established on 4th November, BEC DOMS BAGALKOTPage 2
  • 3. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT to act as stock and share brokers with membership on the Cochin Stock ExchangeThe company was incorporated as a Public Limited Company on 24th November and obtained its Certificate of commencement of business on 25th January 1995. - The company is at present engaged in the activities of stock and share broking, underwriting, marketing of initial public offering of companies and mutual funds, corporate advisory services, investments in shares, participating in Bought Out Deals, syndication of inter-corporate deposits, debt, bought-outs etc.The company has at present branches at Trichur, Kottayam, Muvattupuzha and Coimbatore apart from having representative offices at Mumbai. IN 1966 The company had made a public issue of equity shares aggregating to Rs.95/- lakhs, during the period under report which received an overwhelming support and was oversubscribed over 14 times. The Company held 100% of the paid up Capital of Rs.30,00,000/- M/s Geojit Stock & Shares Ltd., a wholly owned subsidiary of the Company as at 31st March. Geojit Securities Ltd, a leading retail share broking firm launched Internet securities trading for the first time in India. Geojit Securities is a joint venture with Kerala State Industrial Development Corporation (KSIDC) with branches in 40 cities. ABN Amro Bank is set to pick up an equity stake in Geojit Securities Ltd one of the largest stock brokers and depository participant in the country. The company is planning to introduce multi-bank, multi-DP interfaces to facilitate and promote Internet trading in the country.Geojit Securities Ltd, the first company to start online trading services, has signed a MoU with UTI Bank to enable investors to buysell demat stocks through the company's website. The Company has signed a deal with Centurion Bank to provide payment gateway for Internet trading. The Company launched its online interface with HDFC Bank for Internet trading. BEC DOMS BAGALKOTPage 3
  • 4. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Geojit Securities Ltd, a leading stock broking company, has decided to issue bonus shares at 1:1 ratio, to capitalize part of general reserve. PRODUCTS AND SERVICES BEC DOMS BAGALKOTPage 4
  • 5. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT PRODUCTS:- Equity F & O (Futures and Options) Margin Trading Funding Scheme Loan Against Shares Loan Against Commodity Trading Depository Commodity Portfolio Management Services (PMS) 1) Equity: Equity/ordinary share capital, as a long-term source of finance, represents ownership capital/securities and its owners – equity-holders/ordinary shareholders – share the reward and risk associated with the ownership of corporate enterprises. A shareholder can exercise, sell in the market and renounce/forfeit his pre-emptive rights partially/completely. He does not gain/loss from rights issues. Ordinary share capital is a high-risk-high-reward source of finance for corporate. The shareholders share the risk, return and control associated with ownership of companies. 2) F & O (Futures and Options):- BEC DOMS BAGALKOTPage 5
  • 6. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT The National Stock Exchange and The Stock Exchange, Mumbai have commenced trading in Derivatives Market with Index Futures being the first instrument. Now both the exchanges provide trading in Index Futures and Options and Stock Futures and Options. A derivative is a financial contract, between two or more parties, which is derived from the future value of an underlying asset. At any point of time there will always be available near three months contract periods. For e.g. in the month of Jan 2006 one can enter into Jan, Feb or Mar contracts. The last Thursday of each month is the expiry day for that month’s contract. When one contract expires, a new contract is introduced. For instance, on expiry of Jan 2006 contract, April contract shall get activated. Currently, settlements of all Derivatives trades are in cash. There is Daily as well as Final Settlement. As long as the position is open, the same will be marked to Market at the Daily Settlement Price, the difference will be credited or debited accordingly and the position shall be brought forward to the next day at the daily settlement price. Any position which remains open at the end of the final settlement day (i.e., last Thursday) shall be closed out by the Exchange at the Final Settlement Price which will be the closing spot value of the underlying. There are two types of margins collected on the open position, viz., Initial Margin which is collected upfront and Mark to Market Margin to be paid on T+1 day. As per SEBI Guidelines it is mandatory for clients to give margin, failing which the outstanding positions may be closed out. There are three types of Members in the Futures and Options Segment:- BEC DOMS BAGALKOTPage 6
  • 7. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Trading Members are only eligible to trade; their trades are settled by the Clearing Members. Trading cum clearing members are members who are eligible to trade and also settle trades on their own behalf and also settle on behalf of other trading members. Professional Clearing Members are members who are only specialized in the clearing and settlement activities. They do not trade on their own behalf or on behalf of other members Self Clearing Members are those who trade and settle only their own trades. Geojit Financial Services Ltd is trading cum clearing member at NSE. 3) Margin Trading Funding Scheme: In Marginal Trading, an Investor buys securities by borrowing a portion of the transaction value and using the securities in the portfolio as collateral. An investor who purchases securities may pay for the securities fully in cash or may borrow a part of the transaction value from the brokerage firm. 4) Loan Against Shares:- Geojit Credits Pvt. Ltd., a subsidiary of Geojit Financial Services Ltd, registered as a Non-Banking Finance Company (NBFC) offers Loans against security of shares. The facility is available to all customers of Geojit Financial Services Ltd. Key Features of the Scheme:- 1. All securities defined under Group I of NSE are eligible for Loan against Shares 2. Loan is provided against a minimum of two securities and minimum loan amount is Rs.50000/- BEC DOMS BAGALKOTPage 7
  • 8. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 3. Loan up to 50% of the current market value of approved shares. 4. Upper ceiling on quantum of loan shall be as determined by Geojit Credits P Ltd on a case to case basis 5. Speedy disbursal through RTGS / direct credit to the customer’s bank account / cheque 6. Securities are to be transferred to Geojit Credits Pvt. Ltd 7. Fixed charges of 1.00 % of loan amount is charged upfront and is non refundable. 8. Rate of interest is 14 % p.a. for Loans above Rs 3 lacks and 15% pa for Loans up to Rs 3 lacs. This is subject to change from time to time. Interest is charged on Daily Outstanding Balance in Loan account at monthly rests. Interest debited every month should be repaid by chque/DD payable at Kochi with in 7 days of debit. 9. The credit is provided as an overdraft facility for a period of One year at a time, renewable by mutual consent. 10. Loan can also be redeemed by instructing Geojit Credits Pvt. Ltd to sell the securities 11. Loans are re-valued daily 12. Margin calls are made if the value of the securities fall by 10% which can be met with either by redeeming the loan partially or placing additional securities 13. Securities may be liquidated if the margins are not furnished in case of a fall of 20% value of the securities 5) Loan Against Commodity Trading:- BEC DOMS BAGALKOTPage 8
  • 9. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Geojit Credits Pvt. Ltd offers loans against Pledge of Warehouse Receipts for delivery at Commodity Exchanges. Key Features of the Scheme:- Loans against Pledge of Physical and Demat warehouse receipts Loans up to 80% of sale value price contracted for Futures delivery Loans are also considered against Pledge of warehouse receipts without Futures Sell contract on a case-to-case basis at higher margins ranging from 30% to 50% of the value Loans available till sale proceeds are realized on settlement from the Commodity Exchange else up to a maximum of three months Provision to switch between different future contracts (subject to validity of warehouse receipts) Simple documentation 6) Depository:- A depository can be compared to a bank. It holds securities such as shares, debentures, bonds, government securities, units etc. of investors in electronic form. There are two depositories in India, The National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). An individual who desires to avail the depository services can approach a Depository Participant (DP). Banks, financial institutions, custodians, brokers or any other entity eligible as per SEBI (Depositories and Participants) Regulations, 1996 can apply to the Depository to become a Depository Participant. As on 31st March, 2006 there are 526 Depository Participants in India. BEC DOMS BAGALKOTPage 9
  • 10. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Geojit, is a depository participant of NSDL & CDSL. Investors can open demat accounts with NSDL & CDSL through Geojit. One can approach the nearest branch of Geojit for opening an account. Agreement charges (statutory charges) along with Annual Maintenance Charge (AMC) are collected upfront while opening an account. It takes two to three days to open a demat account. Upon activation of the demat account, a Welcome Letter is sent to the customer along with the Delivery Instruction Slip book. DP facilities offered by Geojit :- De-materialization: Consumers can convert their physical shares into electronic form by surrendering the shares for dematerialization at the Geojit branch. Re-materialization: Re-materialization enables consumers to convert the dematerialized shares into physical form. Repurchase: This facility helps consumers to submit the units of open-ended Mutual Funds in case of re-purchase. Pledge: Consumers can pledge securities to avail a loan. Transfer: Consumers can transfer securities from one demat account to another. IPOs: In case consumers have applied for an IPO and receive an allotment then the securities are transferred directly to their demat account. The same applies for bonus and rights issues. Commodity De-mat Account: If consumers are a commodity player, they may need to open a commodity de-mat account with Geojit. Speed-e: If consumers register for Speed-e services, then transfer instructions can be placed online over the internet to pre-notified BEC DOMS BAGALKOTPage 10
  • 11. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Clearing Members Pool a/c. This does away with the need to submit a physical delivery instruction slip. Internet Services: If consumer have access to Internet then they can register with Geojit to view their demat account over the Internet. This is very beneficial as consumers can avail of a host of services at no extra cost. SMS Alert Facility: The alert messages for debits (transfers) and IPO credits would be sent to the account holders who have subscribed to this facility. Depository provides this facility and no charge is levied on DPs for providing this service to investors. 7) Commodity: Geojit Commodities, a subsidiary of Geojit Financial Services Limited, is mainly engaged in the business of Commodity Futures Trading. Geojit Commodities is a member of: National Multi – Commodity Exchange of India limited (NMCE) National Commodity & Derivatives Exchange Limited (NCDEX) Multi – Commodity Exchange (MCX) India Pepper and Spice Trade Association (IPSTA) Singapore Commodity Exchange (SICOM) Dubai Gold Commodity Exchange (DGCX). Geojit provides information on commodity futures, along with technical and fundamental analysis online at its website and also through the company's large branch network. The company conducts Seminars, distributes free in-house literature and holds interactive sessions that help raise awareness on the futures market. The number of participants is continuously on the rise thus leading to increased volumes and market BEC DOMS BAGALKOTPage 11
  • 12. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT efficiency. Geojit Commodity offers futures trading through multiple exchanges in varied commodities such as: Agri- commodities: oilseeds, soya, groundnut, pulses, rice, wheat, sugar, spices, rubber, guar, pepper, cardamom, coffee, etc Precious metals: gold and silver, Base metals: steel, aluminium, nickel, zinc, copper, etc Energy products: crude oil and furnace oil Geojits clientele in commodities range from investors, co-operative societies, state and national institutions to dealers, traders, manufacturers, financiers, speculators, arbitragers,etc. Geojit does not have proprietary interest in any commodity and therefore is price neutral. Transaction costs are highly affordable attracting a spectrum of investors. Membership in multiple exchanges gives clients the added advantage of arbitrage. Geojit has specialized staff that provide the required guidance, help and enable clients to enter at the appropriate price. 8) PMS (Portfolio Management Services): Geojit, a SEBI registered Portfolio Manager (Reg. No.INP000000316) offers discretionary portfolio management services. Geojit has a team of experts who carefully take investment decisions based on the clients' objectives. The Portfolio Management team has a successful track record of more than 10 years in the capital market. The team has access to Geojit's strong Equity Research, and Fundamental & Technical Analysis. Investment Objective: To generate medium to long-term capital growth (2-3 years) by identifying undervalued stocks and those with growth opportunities from a select list of well researched stocks BEC DOMS BAGALKOTPage 12
  • 13. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Strategy: Identifying growth stocks from a select list through extensive research. Minimum Investment: Rs.10 lakhs for resident Indians and Rs.25 lakhs for Non-Resident Indians. Reports: Portfolio and NAV are communicated bi-weekly via e-mail. Risk factors: As the stocks are normally held for medium to long term, the net asset value will be affected by market volatility. PMS fee: Option 1: 3% p.a. (charged @0.75% at the end of every quarter on the average of beginning and ending NAV). Option 2: 1% p.a. (charged @0.25% at the end of every quarter on the average of beginning and ending NAV) and performance fee. BEC DOMS BAGALKOTPage 13
  • 14. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT RESEARCH ON TECHNICAL ANALISYS TITLE OF THE PROJECT: “Technical Analysis on Automobile Sector” Undertaken at Geojit Financial Services Ltd Bagalkot SCOPE OF THE STUDY: This study is most important because technical analysis helps investors in better understanding the markets and gauges the direction in which their investments might be headed and it’s utility helps in estimating the future trends of the stock prices and to make a decent profit out of it. OBJECTIVES OF THE STUDY: BEC DOMS BAGALKOTPage 14
  • 15. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 1) To predict investor positions (Buy, sell & hold). 2) To know the future trend of Stock Prices of Tata Motors Maruti Udyog Ltd and M&M automobile in capital market. METHODOLOGY: Primary data is collected through direct interactions with the Branch Manager and Employees of Geojit Financial Services, Ltd Bagalkot. The Secondary data is collected from the relevant text books on the subject matter and company’s official website. TOOLS: 1. Moving Average Method. 2. Candle stick chart. LIMITATIONS OF THE STUDY: 1. The study is limited only to automobile sector and 3 companies 2. I have used only 2 Technical tools to predict the movement of Scrip’s. BEC DOMS BAGALKOTPage 15
  • 16. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT THEROTICAL FRAME WORK Technical analysis is the examination of past price movements to forecast future price movements. Technical analysts are sometimes referred to as chartists because they rely almost exclusively on charts for their analysis. MOVING AVERAGE:-A Moving Average is an indicator that shows the average value of a security's price over a period of time. When calculating a moving average, a mathematical analysis of the security's average value over a predetermined time period is made. As the securities price changes, its average price moves up or down. There are several popular ways to calculate a moving average. Meta Stock for Java calculates a "simple" moving average--meaning that equal weight is given to each price over the calculation period. BEC DOMS BAGALKOTPage 16
  • 17. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT INTERPRETATION:- The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security's price with the security's price itself. A buy signal is generated when the security's price rises above its moving average and a sell signal is generated when the security's price falls below its moving average. This type of moving average trading system is not intended to get you in at the exact bottom nor out at the exact top. Rather, it is designed to keep you in line with the security's price trend by buying shortly after the security's price bottoms and selling shortly after it tops. The critical element in a moving average is the number of time periods used in calculating the average. When using hindsight, you can always find a moving average that would have been profitable. The key is to find a moving average that will be consistently profitable. The most popular moving average is the 39-week (or 200-day) moving average. This moving average has an excellent track record in timing the major (long-term) market cycles. ADVANTAGES:-The advantage of moving average system of this type (i.e., buying and selling when prices break through their moving average) is that you will always be on the "right" side of the market: prices cannot rise very much without the price rising above its average price. The disadvantage is that you will always buy and sell some late. If the trend does not last for a significant period of time, typically twice the length of the moving average, you will lose your money. CANDLE STICK CHARTING:- 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 BEC DOMS BAGALKOTPage 17
  • 18. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 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. The chart below is an example of a candlestick chart for AT&T (T). Green bars indicate the stock price rose, red indicates a decline: Investors seem to have a "love/hate" relationship with candlestick charts. People either love them and use them frequently or they are completely turned off by them. There are several patterns to look for with candlestick charts - here are a few of the popular ones and what they mean. BEC DOMS BAGALKOTPage 18
  • 19. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 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 small body along with a large range identifies a hammer. This pattern indicates that a reversal in the downtrend is in the works. Known as a "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. BEC DOMS BAGALKOTPage 19
  • 20. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT COMPANY ANALISYS MARUTI UDYOG LIMITED Maruti Udyog Ltd is one of India's leading automobile manufacturers and the market leader in the car segment, both in terms of volume of vehicles BEC DOMS BAGALKOTPage 20
  • 21. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT sold and revenue earned. 18.28% of the company is owned by the government, and 54.2% by Suzuki of Japan. The Indian government held an Initial Public Offering of 25% of the company in June of 2003.The company annually exports more than 30,000 cars and has an extremely large domestic market in India selling over five hundred thousand cars annually. Maruti 800, till 2004, was the India's largest selling compact car ever since it was launched in 1983. More than a million units of this car have been sold worldwide so far. Currently, Maruti Alto tops the sales charts. Due to the large number of Maruti 800s sold in the Indian market, the term "Maruti" is commonly used to refer to this compact car model. Till recently the term "Maruti", in popular Indian culture, was associated to the Maruti 800 model. The largest selling car from Maruti's stable, Maruti 800 In the order they were launched: Maruti 800: Launched 1983. Largest selling car in India, till 2004. Maruti Omni: Launched 1984. Maruti Gypsy: Launched 1985. Maruti 1000: Launched 1990 Maruti Zen: Launched 1993 with a facelift in 2003.Production ended in 2006. Maruti Esteem:Launched 1994 Maruti Wagon-R:Launched 1999 Modified 2006 Maruti Baleno:Launched 1999 Maruti Alto:Launched 2000. Currently the largest selling car in India Maruti Grand Vitara:Launched 2003 Maruti Versa: Launched 2004 Maruti Swift: Launched 2005 SERVICES OFFERED:- Authorized Service Stations- Maruti is one of the companies in India which has unparalleled service network. To ensure the vehicles sold by them BEC DOMS BAGALKOTPage 21
  • 22. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT are serviced properly Maruti had 1545 listed Authorized service stations and 30 Express Service Stations on 30 highways across India. Maruti Finance- To promote its bottom line growth, Maruti launched Maruti Finance in January 2002. Prior to the start of this service Maruti had started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi Group and GE Countrywide respectively to assist its client in securing loan. Maruti tied up with ABN Amro Bank, HDFC Bank, ICICI Limited, Kotak Mahindra, Standard Chartered Bank, and Sundaram to start this venture including its strategic parnters in car finance. Again the company entered into a strategic partnership with SBI in March 2003. Since March 2003, Maruti has sold over 12,000 vehicles through SBI-Maruti Finance. SBI-Maruti Finance is currently available in 166 cities across India. Maruti TrueValue- Maruti True Value is a service offered by Maruti Udyog to its customers. It is a market place for used Maruti Vehicles. One can buy, sell or exchange used Maruti vehicles with the help of this service in Indi Some Milestones- 1983- Launched, hence bringing the first revolution in the Indian car market in terms of Shape May- 1993, Zen the world car unvieled at a world premier. November- 1994, Esteem the first luxury car on Indian roads launched December- 1999, Baleno, the top end of the luxury car launched. March-2000 WagonR the original tall boy launched. September-2000, Alto launched in three variants. BEC DOMS BAGALKOTPage 22
  • 23. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT TATA MOTORS Tata Motors Limited formerly known as TELCO (TATA Engineering and Locomotive Company), (NYSE: TTM) - is India's largest passenger automobile and commercial vehicle manufacturing company. It is a part of the Tata Group, and has its headquarters in Mumbai, Maharashtra. One of the world's largest manufacturers of commercial vehicles and known for its hatchback passenger vehicle Tata Indica, Tata Motors has its manufacturing base in Jamshedpur, Lucknow, Pune and Singur. The OICA ranked it as the world's 21st largest vehicle manufacturer, based on figures for2006. Tata Motors was established in 1945, when the company began making trains. Tata Motors was first listed on the NYSE in 2004. Tata Motors gained Rs. 320 billion during 2001-2006 which was among the top 10 corporate profits in India. In 2004 it also bought Daewoo's truck manufacturing unit, now known as Tata Daewoo Commercial Vehicle, in South Korea. In March 2005, it acquired a 21% stake in Hispano Carrocera SA, giving it controlling rights in the company. On 10 January 2008, Tata Motors launched their much awaited Tata Nano, noted for its Rs 100,000 price-tag, at Auto Expo 2008 in Pragati Maidan, Delhi. Tata Motors Limited is India's largest automobile company, with revenues of Rs. 32,426 crores (USD 7.2 billion) in 2006-07. It is the leader by far in commercial vehicles in each segment, and the second largest in the passenger vehicles market with winning products in the compact, midsize car and utility vehicle segments. The company is the world's fifth largest medium and heavy commercial vehicle manufacturer, and the world's second largest medium and heavy bus manufacturer. The Tata Group is one of India's largest and most respected business conglomerates, with revenues in 2006-07 of $28.8 billion, the equivalent of about 3.2 per cent of the country's GDP, and the international revenues of the Group in 2006-07 were US$ 10.8 billion, contributing to 38% of the total Group revenues. Tata companies together employ over 300,000 people. BEC DOMS BAGALKOTPage 23
  • 24. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Awards: Tata Motors chosen as India's Most Trusted Brand in Cars... Business today selects Mr. P.P. Kadle as India's Best CFO in 2005... Tata Motors is 'Commercial Vehicle Manufacturer of the Year'... Industry and Technology Award, 2002. Advertising Awards... Tata Engineering was conferred Bharat Gaurav Puraskar... National Award for R&D Efforts... Best Company Award at Work skills Competition... Corporate Social Responsibility:- Green Matters Tata Motors, a Company that cares about the future... True to the tradition of the Tata Group, Tata Motors is committed in letter and spirit to Corporate Social Responsibility. It is a signatory to the United Nations Global Compact, and is engaged in community and social initiatives on labour and environment standards in compliance with the principles of the Global Compact. In accordance with this, it plays an active role in community development, serving rural communities around its manufacturing locations. Tata Motors believes in technology for tomorrow. Our products stand testimony to this. Our annual expenditure on R&D is approximately 2% of our turnover. We have also set up two in-house BEC DOMS BAGALKOTPage 24
  • 25. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Engineering Research Centers that house India's only Certified Crash Test Facility. We ensure that our products are environmentally. . MAHINDRA& MAHINDRA Founded in 1945 as a steel trading company, we entered automotive manufacturing in 1947 to bring the iconic Willys Jeep onto Indian roads. Over the years, we’ve diversified into many new businesses in order to better meet the needs of our customers. We follow a unique business model of creating empowered companies that enjoy the best of entrepreneurial independence and Group-wide synergies. This principle has led our growth into a US $11.1 billion multinational group with more than 117,000 employees in over 100 countries across the globe.Today, our operations span 17 key industries that form the foundation of every modern economy: aerospace, aftermarket, agribusiness, automotive, components, consulting services, defense, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers. Business Interest of Mahindra Group:- BEC DOMS BAGALKOTPage 25
  • 26. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Automotive Sector: Mahindra Group is the market leader in utility vehicles in India since inception. Mahindra also manufactures and markets utility vehicles and light commercial vehicles, including three-wheelers. Some of the famous automobile brands of Mahindra are: Scorpio and Bolero. Recently, Mahindra joined hands with French automobile major Renault to enter passenger car segment. It has launched a car called Mahindra Renault Logan. Farm Equipment Sector: Mahindra is the largest producer of tractors in India and is among the top five tractor brands in the world. It has its own state-of-the-art plants in India, USA, China and Australia, and a capacity to produce 1,50,000 tractors a year. Trade & Financial Services: Mahindra Intertrade Limited and its subsidiaries have specialized domain knowledge in imports and exports of commodities, domestic trading, marketing and distribution services. Mahindra Finance is one of the largest Non Banking Finance Companies in India with an asset base of about Rs. 5000 crores. Mahindra Insurance Brokers offer Life and Non-life Insurance plans to retail and corporate customers. Mahindra Steel Service Centre is the first steel service centre in the organised sector in India. Infrastructure Development: Mahindra Group has interests in real estate, special economic zones, hospitality industry, infrastructure development, project engineering consultancy and design. Mahindra Holidays & Resorts is the leader in the lifetime holiday market in India. Mahindra Gesco is fastest growing Construction Company in India. Mahindra World City is developing and promoting India's first Integrated Business City. Mahindra Acres Consulting Engineers is a multidisciplinary engineering consultancy organization. Specialty Businesses: Mahindra Group companies such as Mahindra AshTech, Mahindra Defense, Spares Business Unit and Mahindra Logistics are into Specialty Businesses. Mahindra AshTech undertakes turnkey contract BEC DOMS BAGALKOTPage 26
  • 27. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT execution for Ash Slurry System and Travelling Water Screens. Mahindra Defense Systems looks after the requirements of India's defense and security forces. Mahindra Logistics provide complete logistics solutions to complex transportation needs of clients across the world. Major Achievements of Mahindra Group Mahindra & Mahindra made the first indigenous Jeep in the country in 1949. Fourth largest tractor company in the world. Largest manufacturer of tractors in India. Largest manufacturer of MUVs, offering over 20 model BEC DOMS BAGALKOTPage 27
  • 28. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT TECHNICAL ANALISYS ON AUOTOMOBILE SECTOR BEC DOMS BAGALKOTPage 28
  • 29. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT MARUTI SUZUKI LTD 10 DAYS MOVING AVG OF MARUTI SUZUKI SCRIP 10 DAYS DATE OPEN HIGH LOW CLOSE MOVING AVG 1-Apr-10 1422 1427.4 1385 1390.7 5-Apr-10 1403.9 1404.9 1386.25 1395.5 6-Apr-10 1408.6 1408.6 1373 1376.35 7-Apr-10 1385 1405 1369.55 1400.4 8-Apr-10 1402 1410 1379.2 1383.15 9-Apr-10 1444.4 1450 1375 1381.15 12-Apr-10 1394 1396 1364.05 1372.05 13-Apr-10 1377 1377 1354 1367 15-Apr-10 1370 1377.9 1351 1354.05 16-Apr-10 1352 1362 1345.1 1350.95 1377.13 19-Apr-10 1324 1346.25 1324 1331.25 1371.185 BEC DOMS BAGALKOTPage 29
  • 30. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 20-Apr-10 1339 1365 1333 1352.95 1366.93 21-Apr-10 1360 1379 1352 1375.05 1366.8 22-Apr-10 1380 1398 1369.55 1378.65 1364.625 23-Apr-10 1384 1390.45 1355.9 1361.8 1362.49 26-Apr-10 1384.9 1386.05 1326.5 1335 1357.875 27-Apr-10 1337 1349.1 1280 1283.15 1348.985 28-Apr-10 1270 1288 1258.35 1271.05 1339.39 29-Apr-10 1285 1294 1275.25 1288.35 1332.82 30-Apr-10 1296 1299 1275.2 1279.75 1325.7 3-May-10 1280 1292.9 1265.15 1282.35 1320.81 4-May-10 1288 1293.9 1255 1263.15 1311.83 5-May-10 1250 1289.7 1235 1280.75 1302.4 6-May-10 1280 1289.5 1266 1277.8 1292.315 7-May-10 1261 1286.7 1253 1275.35 1283.67 10-May-10 1285 1299 1278.05 1294.7 1279.64 11-May-10 1305 1305 1267 1270.5 1278.375 12-May-10 1272.25 1286.3 1265.15 1267.8 1278.05 13-May-10 1270.2 1285 1270.2 1274.4 1276.655 14-May-10 1270 1282.85 1246 1257.95 1274.475 17-May-10 1248 1256.6 1236.25 1241.8 1270.42 18-May-10 1247.5 1251.2 1235.5 1242.3 1268.335 19-May-10 1235 1254.75 1225.25 1230.15 1263.275 20-May-10 1236 1239.95 1200.2 1210.45 1256.54 21-May-10 1186.3 1250 1171 1242.15 1253.22 24-May-10 1257.85 1257.85 1206.1 1220.8 1245.83 25-May-10 1207.8 1212 1181 1202 1238.98 26-May-10 1200 1225 1185 1199.25 1232.125 27-May-10 1201 1240 1190.8 1232.7 1227.955 28-May-10 1245 1245 1217.05 1223.1 1224.47 31-May-10 1240 1241.55 1224.25 1236.95 1223.985 1-Jun-10 1240 1297.85 1230 1259.2 1225.675 2-Jun-10 1265 1287.5 1262 1277.65 1230.425 3-Jun-10 1290 1310 1285.75 1296.85 1239.065 4-Jun-10 1291 1335 1285 1331.05 1247.955 7-Jun-10 1285.55 1319 1285.55 1314.2 1257.295 8-Jun-10 1319.9 1337.8 1289 1293.85 1266.48 9-Jun-10 1300 1316.95 1294 1302.3 1276.785 10-Jun-10 1335 1349 1298.1 1345.7 1288.085 BEC DOMS BAGALKOTPage 30
  • 31. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 11-Jun-10 1356 1364.9 1340 1356.45 1301.42 14-Jun-10 1363 1367 1345.1 1356.05 1313.33 15-Jun-10 1357 1357 1332.55 1343.95 1321.805 16-Jun-10 1350 1368 1338.25 1364.35 1330.475 17-Jun-10 1366.5 1386 1358.5 1378.95 1338.685 18-Jun-10 1380 1385 1347 1351.2 1340.7 21-Jun-10 1365 1382.2 1358.5 1375.35 1346.815 22-Jun-10 1374.1 1380 1365.7 1369.35 1354.365 23-Jun-10 1365 1413.9 1359.35 1407.35 1364.87 24-Jun-10 1406.8 1417 1371.2 1384.25 1368.725 25-Jun-10 1384 1421.75 1376 1397.05 1372.785 28-Jun-10 1385 1406 1381.1 1396 1376.78 29-Jun-10 1390 1408.9 1378 1388.95 1381.28 30-Jun-10 1381 1434 1370.8 1423.6 1387.205 1-Jul-10 1414 1420 1380 1399.4 1389.25 2-Jul-10 1404 1423 1398 1408.35 1394.965 5-Jul-10 1405 1413.25 1390.45 1395.05 1396.935 6-Jul-10 1400 1400 1385.2 1392 1399.2 7-Jul-10 1398.8 1409.7 1378 1382.8 1396.745 8-Jul-10 1392 1406.9 1386 1403.65 1398.685 9-Jul-10 1404 1430.9 1396.05 1423.1 1401.29 12-Jul-10 1430 1431.9 1405.1 1408.75 1402.565 13-Jul-10 1405 1419 1393.1 1409.7 1404.64 14-Jul-10 1418 1422.5 1388 1394.15 1401.695 15-Jul-10 1360 1394.7 1305 1379.65 1399.72 16-Jul-10 1380 1382.2 1364 1379.55 1396.84 19-Jul-10 1366.4 1391 1362.4 1364.15 1393.75 20-Jul-10 1379 1379 1355 1362.15 1390.765 21-Jul-10 1372 1379 1362 1363.9 1388.875 22-Jul-10 1364 1370 1347.05 1353.75 1383.885 23-Jul-10 1358.5 1374 1346 1358.25 1377.4 26-Jul-10 1300 1300 1185.25 1191.05 1355.63 27-Jul-10 1190 1239.9 1182 1207.9 1335.45 28-Jul-10 1215 1224 1200 1202.5 1316.285 29-Jul-10 1203 1214.7 1191.5 1197.55 1298.075 30-Jul-10 1190.05 1213.8 1190 1198.15 1279.935 2-Aug-10 1215 1217.95 1201.9 1208.4 1264.36 3-Aug-10 1217.4 1220.7 1210 1212.75 1249.42 BEC DOMS BAGALKOTPage 31
  • 32. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 4-Aug-10 1215 1221 1208 1213.6 1234.39 5-Aug-10 1225 1240 1219.5 1225.75 1221.59 6-Aug-10 1227 1235 1219.8 1221.2 1207.885 9-Aug-10 1225.95 1234.9 1216.7 1232.45 1212.025 10-Aug-10 1236 1237 1222 1226.05 1213.84 11-Aug-10 1230 1233.9 1210.25 1214.75 1215.065 12-Aug-10 1205 1232 1202.1 1226.25 1217.935 13-Aug-10 1227.9 1254 1220 1249.05 1223.025 16-Aug-10 1250 1271.2 1245.5 1253.75 1227.56 17-Aug-10 1262 1267.95 1247.15 1253.15 1231.6 18-Aug-10 1258 1265 1250.05 1253.5 1235.59 19-Aug-10 1256.5 1266.9 1248 1251.55 1238.17 20-Aug-10 1242 1257 1237 1239.35 1239.985 23-Aug-10 1245 1253 1238 1243.6 1241.1 24-Aug-10 1242 1244 1225 1234.1 1241.905 25-Aug-10 1234 1240 1216.1 1220 1242.43 26-Aug-10 1220.15 1233.95 1213 1226.85 1242.49 27-Aug-10 1228 1244 1210 1217.95 1239.38 30-Aug-10 1231 1247.5 1225.15 1235.15 1237.52 31-Aug-10 1231.8 1261.95 1226.5 1255.9 1237.795 1-Sep-10 1267.65 1280 1265.1 1273.25 1239.77 2-Sep-10 1282 1292 1273.3 1276.05 1242.22 3-Sep-10 1280 1284 1269.9 1272.05 1245.49 6-Sep-10 1281 1313.9 1275.55 1303.2 1251.45 7-Sep-10 1312 1328.15 1308 1317.15 1259.755 8-Sep-10 1318 1336.9 1303.4 1308.35 1268.59 9-Sep-10 1312 1321.65 1292.65 1314.8 1277.385 13-Sep-10 1320 1330 1314.35 1326.2 1288.21 14-Sep-10 1332 1368.9 1332 1346.1 1299.305 15-Sep-10 1347 1379.5 1341 1369.6 1310.675 16-Sep-10 1365.1 1404 1355 1386.75 1322.025 17-Sep-10 1396 1411.6 1381 1387.05 1333.125 20-Sep-10 1387 1402 1379.1 1398.45 1345.765 21-Sep-10 1401 1416.8 1387 1412.75 1356.72 22-Sep-10 1419 1469.4 1419 1463.45 1371.35 23-Sep-10 1464 1470 1444 1459.45 1386.46 24-Sep-10 1459 1484.9 1459 1481.05 1403.085 27-Sep-10 1494 1496 1473.1 1478.15 1418.28 BEC DOMS BAGALKOTPage 32
  • 33. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 28-Sep-10 1480 1483.9 1460 1467.05 1430.375 29-Sep-10 1385.85 1482 1385.85 1430.35 1436.45 30-Sep-10 1428 1451 1416.5 1440.95 1441.87 1-Oct-10 1451.55 1491.45 1451.55 1482.6 1451.425 4-Oct-10 1493.85 1499.1 1475 1480.45 1459.625 5-Oct-10 1480.45 1524.8 1479.05 1502.85 1468.635 6-Oct-10 1524 1544 1507.1 1516.1 1473.9 7-Oct-10 1524 1524 1485 1490.15 1476.97 8-Oct-10 1500 1504.5 1471.15 1497.3 1478.595 11-Oct-10 1501 1529 1495 1521.7 1482.95 12-Oct-10 1524 1527.9 1502.3 1519.85 1488.23 13-Oct-10 1531 1565 1519.05 1554.45 1500.64 14-Oct-10 1561 1572 1540 1553.55 1511.9 15-Oct-10 1553.55 1560 1485 1508.5 1514.49 18-Oct-10 1509 1520 1480 1490.45 1515.49 19-Oct-10 1506 1515 1481.2 1493.8 1514.585 20-Oct-10 1481 1507 1481 1489 1511.875 21-Oct-10 1493.1 1519.6 1489 1513.5 1514.21 22-Oct-10 1515 1525.65 1495.3 1502.95 1514.775 25-Oct-10 1507.05 1525 1501.4 1508.65 1513.47 26-Oct-10 1523 1583 1516.8 1562.85 1517.77 27-Oct-10 1565 1574 1512.05 1524.7 1514.795 28-Oct-10 1546.7 1548.7 1500 1522.85 1511.725 29-Oct-10 1520 1557 1515.15 1551.2 1515.995 1-Nov-10 1558 1599.9 1501.15 1508.7 1517.82 2-Nov-10 1510 1524.75 1493.3 1496.65 1518.105 3-Nov-10 1510 1510 1487.05 1495.55 1518.76 4-Nov-10 1500 1514.7 1496.55 1506.55 1518.065 5-Nov-10 1525 1527 1509.1 1513.6 1519.13 8-Nov-10 1500 1514 1485 1488.45 1517.11 9-Nov-10 1495 1506 1465.5 1470.65 1507.89 10-Nov-10 1471 1480 1459.3 1475.2 1502.94 11-Nov-10 1487 1488 1466.25 1470.7 1497.725 12-Nov-10 1471 1473.95 1444.1 1455.15 1488.12 15-Nov-10 1461 1461 1380 1437.85 1481.035 16-Nov-10 1440 1450 1385.2 1399.8 1471.35 18-Nov-10 1428 1437 1377 1429.1 1464.705 19-Nov-10 1425 1427 1386 1406.2 1454.67 BEC DOMS BAGALKOTPage 33
  • 34. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 22-Nov-10 1406 1430 1396 1419.75 1445.285 23-Nov-10 1411.1 1453 1395.1 1438.85 1440.325 24-Nov-10 1441.5 1467.8 1401.3 1419.15 1435.175 25-Nov-10 1423.9 1426 1376 1380.85 1425.74 26-Nov-10 1393 1393 1335.2 1364.85 1415.155 29-Nov-10 1367 1415 1364.85 1405.05 1410.145 30-Nov-10 1402 1430.5 1378.5 1423.75 1408.735 1-Dec-10 1422 1447.6 1403 1412.8 1410.035 2-Dec-10 1430 1450 1402 1407.85 1407.91 3-Dec-10 1418.8 1419 1391.1 1399.7 1407.26 6-Dec-10 1405 1417 1389.4 1409.75 1406.26 7-Dec-10 1410 1446 1410 1432.4 1405.615 8-Dec-10 1438 1444.2 1393 1417.5 1405.45 9-Dec-10 1395 1410 1383.3 1392.15 1406.58 10-Dec-10 1390 1417 1368 1411.65 1411.26 13-Dec-10 1415 1433 1403 1420.9 1412.845 14-Dec-10 1406.5 1432 1406.5 1413.55 1411.825 15-Dec-10 1414 1414.75 1391 1394.05 1409.95 16-Dec-10 1420 1420 1366 1381.7 1407.335 20-Dec-10 1385 1426 1346.8 1414.45 1408.81 21-Dec-10 1427 1454.9 1405.15 1428.95 1410.73 22-Dec-10 1430.95 1434 1383.3 1398.75 1407.365 23-Dec-10 1397.5 1400 1385 1392.1 1404.825 24-Dec-10 1396 1401 1368 1392.25 1404.835 27-Dec-10 1399 1409 1387.6 1394.6 1403.13 28-Dec-10 1399.4 1406.4 1385.5 1397.9 1400.83 29-Dec-10 1408 1421.95 1391.55 1416.1 1401.085 30-Dec-10 1425 1437.5 1410 1416.95 1403.375 31-Dec-10 1427 1429.75 1414 1420.6 1407.265 3-Jan-11 1430 1450 1421.3 1427.65 1408.585 4-Jan-11 1437.95 1452.2 1405.15 1429.25 1408.615 5-Jan-11 1427 1435 1412 1415.1 1410.25 6-Jan-11 1425 1425 1366 1372.85 1408.325 7-Jan-11 1384 1384 1340.05 1343.6 1403.46 10-Jan-11 1348 1348 1318 1327.6 1396.76 11-Jan-11 1324 1331 1305 1323.7 1389.34 12-Jan-11 1324.7 1331 1296 1318.5 1379.58 13-Jan-11 1330 1330 1302.1 1313.1 1369.195 BEC DOMS BAGALKOTPage 34
  • 35. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 14-Jan-11 1320 1321 1270 1275.3 1354.665 17-Jan-11 1289.95 1298.4 1255 1273.7 1339.27 18-Jan-11 1275 1285.9 1268 1278.55 1324.2 19-Jan-11 1283 1284.5 1266 1272.3 1309.92 20-Jan-11 1270 1270 1247 1263.95 1299.03 21-Jan-11 1265 1270 1243.05 1253.95 1290.065 24-Jan-11 1261 1299 1257 1291.05 1286.41 25-Jan-11 1301 1309 1280 1288.2 1282.86 27-Jan-11 1299 1299 1263 1272.4 1278.25 28-Jan-11 1274 1274 1225 1233.55 1270.295 31-Jan-11 1192 1262.7 1170 1252.8 1268.045 1-Feb-11 1270 1271.9 1233.6 1240.9 1264.765 2-Feb-11 1261 1261 1212.35 1215.85 1258.495 3-Feb-11 1218.8 1228.75 1203.85 1218.85 1253.15 4-Feb-11 1232.8 1236 1176 1183.2 1245.075 7-Feb-11 1209 1209 1180 1193.55 1239.035 8-Feb-11 1204.6 1204.6 1170.2 1178.6 1227.79 9-Feb-11 1179 1188 1151.1 1158.05 1214.775 10-Feb-11 1150 1172.9 1146 1159.75 1203.51 11-Feb-11 1165 1188.8 1151 1184.3 1198.585 14-Feb-11 1206 1225 1199 1220.5 1195.355 15-Feb-11 1218 1242 1212.05 1236.9 1194.955 16-Feb-11 1235 1238.15 1221.5 1230.35 1196.405 17-Feb-11 1227.4 1240 1216.2 1229.5 1197.47 18-Feb-11 1238 1256 1220.2 1228.8 1202.03 21-Feb-11 1240 1240 1185.35 1212.65 1203.94 22-Feb-11 1186.1 1205 1177.2 1183.75 1204.455 23-Feb-11 1181 1201 1181 1193.8 1208.03 24-Feb-11 1180 1195 1155.6 1173.35 1209.39 25-Feb-11 1178 1197 1145.5 1170.75 1208.035 28-Feb-11 1184 1227 1158 1206.7 1206.655 1-Mar-11 1215.7 1313 1209.5 1292.9 1212.255 3-Mar-11 1289.8 1345 1270 1328.25 1222.045 4-Mar-11 1325 1341.8 1300 1313.75 1230.47 7-Mar-11 1276.65 1289.95 1251 1264.7 1234.06 8-Mar-11 1264.6 1275 1246 1256.5 1238.445 9-Mar-11 1262 1283.8 1258.55 1266.1 1246.68 10-Mar-11 1270 1284.5 1257.2 1269.1 1254.21 BEC DOMS BAGALKOTPage 35
  • 36. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 11-Mar-11 1260 1277.95 1239.2 1252.7 1262.145 14-Mar-11 1245 1283 1218.35 1259.25 1270.995 15-Mar-11 1220 1227.7 1200.05 1214.5 1271.775 16-Mar-11 1215.1 1228 1215.1 1223.6 1264.845 17-Mar-11 1214.95 1214.95 1161 1169.25 1248.945 18-Mar-11 1180.15 1202 1150 1158.3 1233.4 21-Mar-11 1161 1166 1125.9 1131.35 1220.065 22-Mar-11 1136 1179.3 1134 1171.85 1211.6 23-Mar-11 1171.85 1180.1 1156.45 1175.65 1202.555 24-Mar-11 1176 1185 1160.15 1168.6 1192.505 25-Mar-11 1180 1184.5 1162 1181.8 1185.415 28-Mar-11 1189 1210 1181.1 1201.8 1179.67 29-Mar-11 1200 1248 1200 1239.25 1182.145 30-Mar-11 1244 1296 1239.3 1275.65 1187.35 31-Mar-11 1268.9 1286.9 1240 1263.55 1196.78 CHART ANALYSIS:-MARUTI SUZUKI INTERPRETATION:- Here, the Moving Average is below to the closing line. In this Graph, we can observe that moving Average of Maruti Suzuki Ltd. Stock has been decreased. So, it is giving clear picture of future movement of the scrip. And, if we observe the trend of this graph then we can also notice that Moving Average line has been decreased. ANALYSIS:- Here, in this graph moving average line has been decreased and below to the actual line so it‘s provides a message to the investor that it’s a right time to buy the security of Maruti Suzuki Ltd. BEC DOMS BAGALKOTPage 36
  • 37. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT TATA MOTORS BEC DOMS BAGALKOTPage 37
  • 38. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 10 DAYS MOVING AVG OF TATA MOTORS SCRIP HIGH LOW CLOSE 10 DAYS DATE OPEN PRICE PRICE PRICE PRICE MOVING AVG 1-Apr-10 755 780 755 775.9 - 5-Apr-10 789.9 789.9 768.1 780.85 - 6-Apr-10 783 784.9 768.1 774.3 - 7-Apr-10 774 796.35 774 793.05 - 8-Apr-10 792.4 793 771.1 773.95 - 9-Apr-10 779 814.7 779 808.85 - 12-Apr-10 811 811 780 782.65 - 13-Apr-10 775 785 761.05 774.65 - 15-Apr-10 783 797.6 772.2 775.7 - 16-Apr-10 780 789 772 784.65 782.455 19-Apr-10 773.1 779.4 763.5 775.45 782.41 20-Apr-10 776.2 798.9 775.5 792 783.525 21-Apr-10 799.7 812 793.05 809.15 787.01 22-Apr-10 803.6 854 803.2 836.15 791.32 23-Apr-10 845 849.5 827.65 844.6 798.385 26-Apr-10 849.8 860.8 845 850.75 802.575 27-Apr-10 849 854.9 843.4 846.85 808.995 28-Apr-10 830 843.65 819.1 821.45 813.675 29-Apr-10 830 849.4 822.1 842.85 820.39 30-Apr-10 847 877.9 847 872.85 829.21 3-May-10 871.5 882.2 848 855.55 837.22 4-May-10 865 869.3 839 842.2 842.24 5-May-10 830 842.1 816.55 835.65 844.89 6-May-10 832 834.35 808.15 814.6 842.735 BEC DOMS BAGALKOTPage 38
  • 39. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 7-May-10 801 802.45 756.55 762.5 834.525 10-May-10 780 817 772 813.75 830.825 11-May-10 820 821 794.7 799.5 826.09 12-May-10 801 811.4 791.2 802.75 824.22 13-May-10 811 835.5 811 831.1 823.045 14-May-10 829.6 831.5 811.1 815.75 817.335 17-May-10 808 810 776.4 788.95 810.675 18-May-10 795 795 766.2 771.55 803.61 19-May-10 763.9 765 706.65 714.5 791.495 20-May-10 720 732 696.1 712.1 781.245 21-May-10 689.8 714.8 675.1 710.3 776.025 24-May-10 715 739.95 701.6 706.6 765.31 25-May-10 699.8 699.8 670 673.7 752.73 26-May-10 684.2 713.4 679.1 709.25 743.38 27-May-10 711.6 749.9 704.05 742.9 734.56 28-May-10 750 774 743.6 748 727.785 31-Ma 10 754.2 764.4 741.3 754.65 724.355 1-Jun-10 745 758.5 722.1 725.65 719.765 2-Jun-10 729 747.95 726.2 744.55 722.77 3-Jun-10 751 771.8 751 767.3 728.29 4-Jun-10 760 775 755.55 772 734.46 7-Jun-10 760 760 734.25 739.2 737.72 8-Jun-10 738.5 756 731.15 736.15 743.965 9-Jun-10 735 744.7 723.4 728.1 745.85 10-Jun-10 734 762.8 730 759.45 747.505 11-Jun-10 770 772.65 758.1 765.05 749.21 14-Jun-10 771 773 755 760.25 749.77 15-Jun-10 761 769.2 749.65 760.05 753.21 16-Jun-10 770 788 766.95 778.2 756.575 17-Jun-10 779 803.8 778 800 759.845 18-Jun-10 800 810.8 793 799.45 762.59 21-Jun-10 810 822 805.85 808.3 769.5 22-Jun-10 805 808 792.3 798.05 775.69 23-Jun-10 798 806.9 787.25 790.7 781.95 24-Jun-10 795 797.7 782.2 784.95 784.5 BEC DOMS BAGALKOTPage 39
  • 40. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 25-Jun-10 780 789.35 766.15 769.45 784.94 28-Jun-10 775 791.4 765 787.5 787.665 29-Jun-10 785 787 765.3 768.5 788.51 30-Jun-10 760 781.4 759.2 778.35 788.525 1-Jul-10 773.6 774 760.4 762.95 784.82 2-Jul-10 764.95 775.9 763.15 767 781.575 5-Jul-10 764 779.8 761.2 765 777.245 6-Jul-10 764.8 771.8 760 767.95 774.235 7-Jul-10 766.6 768.95 748.55 750.9 770.255 8-Jul-10 764 765.9 754.65 756.05 767.365 9-Jul-10 761.1 772.9 758.4 770.6 767.48 12-Jul-10 775 792.1 774.5 788.45 767.575 13-Jul-10 792 804.95 786.7 802.9 771.015 14-Jul-10 805 814.5 794.3 798.8 773.06 15-Jul-10 800 812.4 791.65 810.1 777.775 16-Jul-10 812.9 833 808 831.6 784.235 19-Jul-10 824 833.95 822 825.45 790.28 20-Jul-10 829 832.9 808.9 812.5 794.735 21-Jul-10 815.2 825.5 815.2 820.95 801.74 22-Jul-10 818.1 840 816.3 835.6 809.695 23-Jul-10 842 846.9 832.55 837.45 816.38 26-Jul-10 839.4 840.5 816.4 818.65 819.4 27-Jul-10 810 848.5 810 844.55 823.565 28-Jul-10 845.15 856.3 844 851.95 828.88 29-Jul-10 853.1 869 845.5 865.7 834.44 30-Jul-10 859.9 861.1 843.3 846.15 835.895 2-Aug-10 855 863.15 842.6 847.6 838.11 3-Aug-10 853 854 839.6 841.9 841.05 4-Aug-10 844.65 846.5 835 843.15 843.27 5-Aug-10 843.15 865.55 843.05 860.85 845.795 6-Aug-10 855 900.9 855 894.35 851.485 9-Aug-10 895 920.8 894 918.95 861.515 10-Aug-10 909.3 967.3 820.25 957.3 872.79 11-Aug-10 968.8 1023.55 964 1006.65 888.26 12-Aug-10 999 1031.8 990.4 1024 904.09 BEC DOMS BAGALKOTPage 40
  • 41. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 13-Aug-10 1020 1027.7 1008.8 1017 921.175 16-Aug-10 1009 1022.75 992.8 1001.55 936.57 17-Aug-10 1007 1018.15 998.3 1005.5 952.93 18-Aug-10 998 1055 998 1047.6 973.375 19-Aug-10 1046.7 1048.65 1032.4 1040.1 991.3 20-Aug-10 1035 1037.7 1013 1015 1003.365 23-Aug-10 1024 1025 1005.9 1014.6 1012.93 24-Aug-10 1014.5 1019.75 1007 1010.15 1018.215 25-Aug-10 1006 1013.8 983.5 991.8 1016.73 26-Aug-10 993.25 1018 985 997.65 1014.095 27-Aug-10 1000 1012 987.5 990.7 1011.465 30-Aug-10 996 1010 980.8 991.45 1010.455 31-Aug-10 986 1012 982.85 1007.45 1010.65 1-Sep-10 1015 1019.6 1002 1008.55 1006.745 2-Sep-10 1018.2 1032.5 1014.1 1017.05 1004.44 3-Sep-10 1022 1024.1 1010.05 1012.55 1004.195 6-Sep-10 1016.55 1039 1016.55 1034.75 1006.21 7-Sep-10 1030 1060.7 1030 1038.05 1009 8-Sep-10 1033 1043.05 1026 1031.8 1013 9-Sep-10 1038.7 1042.7 1008.6 1015.5 1014.785 13-Sep-10 1023.25 1033.9 1017.1 1026.4 1018.355 14-Sep-10 1028 1067.5 1024.35 1054.45 1024.655 15-Sep-10 1065 1077.2 1019 1024.3 1026.34 16-Sep-10 1025.1 1040.8 1020 1028.8 1028.365 17-Sep-10 1035 1047.5 1030 1035.65 1030.225 20-Sep-10 1045 1059.3 1037.7 1056.2 1034.59 21-Sep-10 1064.9 1082 1050.8 1077.4 1038.855 22-Sep-10 1082 1089.3 1060.6 1070.65 1042.115 23-Sep-10 1069 1080 1063 1072.2 1046.155 24-Sep-10 1070.8 1076.6 1062.5 1070.35 1051.64 27-Sep-10 1075 1091.7 1070.8 1083.7 1057.37 28-Sep-10 1073 1089 1067.25 1079.55 1059.88 29-Sep-10 1083.2 1109.85 1080 1106.65 1068.115 30-Sep-10 1110 1111 1086.1 1097.3 1074.965 1-Oct-10 1100 1155.75 1100 1118.85 1083.285 BEC DOMS BAGALKOTPage 41
  • 42. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 4-Oct-10 1120.1 1147.4 1120 1139.6 1091.625 5-Oct-10 1140 1145 1129.25 1134.35 1097.32 6-Oct-10 1144.9 1151.65 1132 1137.05 1103.96 7-Oct-10 1140 1148 1116.2 1126.35 1109.375 8-Oct-10 1133 1139.7 1092 1104.9 1112.83 11-Oct-10 1115 1151.4 1114 1149.7 1119.43 12-Oct-10 1155 1165 1145.9 1156.7 1127.145 13-Oct-10 1162 1180.5 1150.4 1176.3 1134.11 14-Oct-10 1182 1194.8 1173.85 1183.05 1142.685 15-Oct-10 1186 1188.95 1150.5 1156.55 1146.455 18-Oct-10 1159.4 1176.85 1131.35 1169.25 1149.42 19-Oct-10 1177 1184.95 1164 1170.4 1153.025 20-Oct-10 1165 1175 1150 1155.55 1154.875 21-Oct-10 1160 1178 1160 1166.45 1158.885 22-Oct-10 1170 1174.5 1146 1152.3 1163.625 25-Oct-10 1158 1188.35 1158 1184.6 1167.115 26-Oct-10 1184.75 1197 1178.4 1191.8 1170.625 27-Oct-10 1191 1201 1182.55 1194.25 1172.42 28-Oct-10 1200 1206.6 1185 1190.5 1173.165 29-Oct-10 1188 1194.75 1141.5 1159.45 1173.455 1-Nov-10 1176 1182.9 1164 1170.35 1173.565 2-Nov-10 1179.4 1179.4 1144.05 1153.9 1171.915 3-Nov-10 1164 1192 1163.5 1185.3 1174.89 4-Nov-10 1190.25 1240 1178.3 1233.1 1181.555 5-Nov-10 1248 1254.95 1240.1 1245.6 1190.885 8-Nov-10 1250 1277.9 1243 1268 1199.225 9-Nov-10 1272.5 1294.7 1262 1270.55 1207.1 10-Nov-10 1350 1350 1296.8 1302.15 1217.89 11-Nov-10 1315 1323.65 1265 1276.5 1226.49 12-Nov-10 1268 1291.1 1240.2 1245.55 1235.1 15-Nov-10 1250 1257.9 1225.1 1252.3 1243.295 16-Nov-10 1260 1265 1189 1206.55 1248.56 18-Nov-10 1212.25 1237.9 1177 1230.9 1253.12 19-Nov-10 1237 1244.95 1178.15 1190.05 1248.815 22-Nov-10 1202.55 1232.7 1192 1227.95 1247.05 BEC DOMS BAGALKOTPage 42
  • 43. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 23-Nov-10 1217 1229 1181 1213.65 1241.615 24-Nov-10 1216 1259.85 1207.05 1217.5 1236.31 25-Nov-10 1231.9 1249.9 1200.05 1206.3 1226.725 26-Nov-10 1212.3 1217.8 1137.7 1166.5 1215.725 29-Nov-10 1166 1193.4 1145 1186 1209.77 30-Nov-10 1182.9 1244.45 1164 1237.1 1208.25 1-Dec-10 1230.2 1303 1227 1288.15 1216.41 2-Dec-10 1295.5 1328.7 1295.5 1320.35 1225.355 3-Dec-10 1315 1346 1302.2 1314.85 1237.835 6-Dec-10 1323 1381.4 1322 1358.5 1250.89 7-Dec-10 1354 1354 1312.8 1331.9 1262.715 8-Dec-10 1330 1346.1 1296 1335.2 1274.485 9-Dec-10 1339.7 1340 1257.25 1272.3 1281.085 10-Dec-10 1269.4 1269.4 1212.85 1248.1 1289.245 13-Dec-10 1258 1292.85 1253 1275.85 1298.23 14-Dec-10 1283.8 1311.95 1268.55 1303.8 1304.9 15-Dec-10 1296.55 1335.25 1290 1320.2 1308.105 16-Dec-10 1316 1368.8 1292 1347.95 1310.865 20-Dec-10 1334 1359.7 1323 1344.2 1313.8 21-Dec-10 1348.45 1363.65 1334.15 1349.55 1312.905 22-Dec-10 1355 1372 1346.8 1365.6 1316.275 23-Dec-10 1365.45 1368.85 1336 1348.8 1317.635 24-Dec-10 1345 1345 1302.1 1306.1 1321.015 27-Dec-10 1303.9 1320 1293.8 1300.6 1326.265 28-Dec-10 1304.55 1306.9 1262.05 1267.7 1325.45 29-Dec-10 1268 1279.75 1252.05 1272.35 1322.305 30-Dec-10 1277 1299 1273 1296.2 1319.905 31-Dec-10 1304.95 1313.5 1296.6 1306.3 1315.74 3-Jan-11 1321 1334.3 1302.85 1306.45 1311.965 4-Jan-11 1312 1321 1287 1300.5 1307.06 5-Jan-11 1297 1310 1275.15 1282.4 1298.74 6-Jan-11 1287.55 1301 1250 1259.05 1289.765 7-Jan-11 1258 1263.95 1177.7 1189.5 1278.105 10-Jan-11 1190 1206.75 1158 1178.25 1265.87 11-Jan-11 1184.9 1199 1142.45 1160.3 1255.13 BEC DOMS BAGALKOTPage 43
  • 44. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 12-Jan-11 1180 1219.45 1175.8 1216.4 1249.535 13-Jan-11 1218 1245 1209.5 1235.65 1243.48 14-Jan-11 1223 1225.9 1174 1178.6 1230.71 17-Jan-11 1180.5 1190 1155 1180.2 1218.085 18-Jan-11 1184 1207.55 1182.6 1198.85 1207.92 19-Jan-11 1204.45 1207 1182.55 1193.55 1199.035 20-Jan-11 1180 1204.4 1162.55 1195.7 1192.7 21-Jan-11 1188 1203 1175.1 1188.2 1192.57 24-Jan-11 1187.7 1198 1175.1 1188 1193.545 25-Jan-11 1196.25 1198 1158 1165.3 1194.045 27-Jan-11 1179.1 1199.2 1171.05 1194.25 1191.83 28-Jan-11 1186.75 1187 1121.85 1145.7 1182.835 31-Jan-11 1123 1158.1 1113 1148.25 1179.8 1-Feb-11 1153 1155.5 1062.85 1068.8 1168.66 2-Feb-11 1080 1125.95 1079 1110.85 1159.86 3-Feb-11 1105 1162 1093.2 1156.15 1156.12 4-Feb-11 1153.9 1188 1140.25 1149.6 1151.51 7-Feb-11 1144 1159.25 1111 1145.9 1147.28 8-Feb-11 1145 1156.9 1104 1113.1 1139.79 9-Feb-11 1100 1118.45 1055.55 1077.35 1130.995 10-Feb-11 1079.9 1117 1073.3 1102.9 1121.86 11-Feb-11 1113.9 1166.2 1097.8 1144.65 1121.755 14-Feb-11 1188.1 1221.25 1188 1208.75 1127.805 15-Feb-11 1209 1248 1201.1 1237.85 1144.71 16-Feb-11 1236.75 1248 1218 1238.45 1157.47 17-Feb-11 1234.9 1256 1225.15 1250.8 1166.935 18-Feb-11 1250 1258 1198.35 1201.95 1172.17 21-Feb-11 1209 1209 1135.2 1161.95 1173.775 22-Feb-11 1151.8 1153.7 1123.65 1137.35 1176.2 23-Feb-11 1131 1163 1128 1144.5 1182.915 24-Feb-11 1140 1141.7 1043.2 1058.25 1178.45 25-Feb-11 1082 1115.6 1071.6 1105.1 1174.495 28-Feb-11 1117 1125 1055 1081.8 1161.8 1-Mar-11 1097 1144 1097 1140.4 1152.055 3-Mar-11 1136 1183.7 1119.85 1175.5 1145.76 BEC DOMS BAGALKOTPage 44
  • 45. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 4-Mar-11 1187.1 1194 1162.3 1169.8 1137.66 7-Mar-11 1155 1155.9 1121 1127.25 1130.19 8-Mar-11 1125.9 1162 1125.9 1160.05 1130 9-Mar-11 1171 1176.3 1153.25 1161.95 1132.46 10-Mar-11 1167.25 1174.5 1152.65 1163.75 1134.385 11-Mar-11 1157.9 1170 1131.5 1157.45 1144.305 14-Mar-11 1156 1174 1140.55 1168.95 1150.69 15-Mar-11 1140 1158.65 1128.65 1143.45 1156.855 16-Mar-11 1151.1 1169.9 1147.3 1162.7 1159.085 17-Mar-11 1148 1161.25 1138.2 1142.75 1155.81 18-Mar-11 1148.55 1152.4 1112.75 1117.95 1150.625 21-Mar-11 1129 1132 1114.6 1122.35 1150.135 22-Mar-11 1128.9 1143.9 1128.9 1136 1147.73 23-Mar-11 1128 1143 1125.65 1136.75 1145.21 24-Mar-11 1145.2 1158 1145.2 1155.55 1144.39 25-Mar-11 1170.15 1189.4 1161 1181.85 1146.83 28-Mar-11 1188.15 1224.95 1188.15 1220.3 1151.965 29-Mar-11 1228.2 1246.35 1212.6 1239.2 1161.54 30-Mar-11 1240 1258 1238.1 1247.05 1169.975 31-Mar-11 1251 1260 1221 1247.5 1180.45 BEC DOMS BAGALKOTPage 45
  • 46. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT CHART:- TATA MOTORS INTERPRETATION:- Here, In this case, Moving Average is below to the actual line. In this Graph, we can see that the moving average of Tata Motors Stock has been increasing. So, it is giving clear picture of future movement of the scrip to the investors. ANALYSIS:- This Graph provides a message to the investor that the both stock price are increasing so it indicates that it is not right time to buy the security it’s time to sell the security. BEC DOMS BAGALKOTPage 46
  • 47. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT Mahindra & Mahindra 10 DAYS MOVING AVERAGE OF M&M SCRIP OPEN HIGH LOW CLOSE 10 DAYS DATE PRICE PRICE PRICE PRICE MOVING AVG 1-Apr-10 550.4 555.7 528.3 533.8 5-Apr-10 537.3 548.8 535.5 547.15 6-Apr-10 550 552.95 533.1 534.25 7-Apr-10 539.7 541.25 525 529.95 8-Apr-10 536 544 522.55 525.15 9-Apr-10 530 533 522.2 528.25 12-Apr-1 0 532 532.6 516.5 517.7 BEC DOMS BAGALKOTPage 47
  • 48. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 13-Apr-1 0 519 520.25 505.2 508.4 15-Apr-1 0 511.9 518.7 508.6 510.35 16-Apr-1 0 510 514 500 502.65 523.765 19-Apr-1 0 498.5 509.2 491 503.65 520.75 20-Apr-1 0 505 519 504 510.75 517.11 21-Apr-1 0 512.05 515.9 506 508.65 514.55 22-Apr-1 0 508.65 517.75 505.1 508.35 512.39 23-Apr-1 0 509 523.2 504 520.55 511.93 26-Apr-1 0 525 532 522 528.4 511.945 27-Apr-1 0 535 540.4 528.75 537.05 513.88 28-Apr-1 0 532 537.05 521 524.75 515.515 29-Apr-1 0 524.75 533.5 519.1 524.1 516.89 30-Apr-1 0 530 531.5 519.55 526.1 519.235 3-May-10 524 535.8 522.55 526.05 521.475 4-May-10 530 534.95 512.5 516.9 522.09 5-May-10 501 527 501 521.3 523.355 6-May-10 518.85 523 508.5 519.35 524.455 7-May-10 510 526.5 507 523.3 524.73 10-May-1 0 532 555 528.4 553.7 527.26 11-May-1 0 555 566.05 551 562.05 529.76 12-May-1 0 561 566 536.4 546.3 531.915 13-May-1 0 547 575 547 565 536.005 14-May-1 0 560 567 554.6 559.85 539.38 17-May-1 0 550 561 543 557.8 542.555 18-May-1 0 558 568.9 547.75 559.8 546.845 19-May-1 0 555 559.5 515 526.65 547.38 20-May-1 0 528.65 540.85 517.7 522 547.645 BEC DOMS BAGALKOTPage 48
  • 49. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 21-May-1 0 510 542.7 505.05 539.45 549.26 24-May-1 0 549.5 556.9 524 529.3 546.82 25-May-1 0 525 538.6 509 516.15 542.23 26-May-1 0 533.8 538.55 514 519.45 539.545 27-May-1 0 520 540 519 528.7 535.915 28-May-1 0 538.95 549.8 535.05 545.05 534.435 31-May-1 0 553 577.6 552 572.45 535.9 1-Jun-10 573.5 583.5 558.2 563.9 536.31 2-Jun-10 569.7 578 564.5 574.2 541.065 3-Jun-10 584 589 576 582.75 547.14 4-Jun-10 583 587 572 585.2 551.715 7-Jun-10 570.6 585.9 560 578.4 556.625 8-Jun-10 580.1 585.5 569.4 571 562.11 9-Jun-10 572 582.95 572 577.2 567.885 10-Jun-1 0 577.95 600 577.95 591.9 574.205 11-Jun-1 0 597.15 616 595 604.4 580.14 14-Jun-1 0 611.15 616.3 607 612.75 584.17 15-Jun-1 0 614.95 617.95 605 607.85 588.565 16-Jun-1 0 616 636.25 610 630.25 594.17 17-Jun-1 0 631.35 641.8 627 631.65 599.06 18-Jun-1 0 633.9 641 615 619.25 602.465 21-Jun-1 0 625 639.9 625 637 608.325 22-Jun-1 0 639 644.9 628.9 632.9 614.515 23-Jun-1 0 630 636.45 627.3 630.75 619.87 24-Jun-1 0 634 637.55 620 632.45 623.925 25-Jun-1 0 630.5 635.4 610.5 614.7 624.955 28-Jun-1 0 610 627 608 622.2 625.9 29-Jun-1 625 627 610 614.45 626.56 BEC DOMS BAGALKOTPage 49
  • 50. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 0 30-Jun-1 0 614 630 605 625.25 626.06 1-Jul-10 625 629 614 615.8 624.475 2-Jul-10 615.8 621.8 601 602.3 622.78 5-Jul-10 605.1 614 600 610.3 620.11 6-Jul-10 613.75 629 611 626.6 619.48 7-Jul-10 627.5 629.85 619 621.25 618.53 8-Jul-10 622 632.6 619 622.8 617.565 9-Jul-10 628 640.75 626.5 638.45 619.94 12-Jul-10 643 648 632.1 637.9 621.51 13-Jul-10 639 641.75 623 631.8 623.245 14-Jul-10 638.5 640 614.15 616.4 622.36 15-Jul-10 614 620.95 609.55 616.8 622.46 16-Jul-10 619 623 601.1 604.1 622.64 19-Jul-10 600 613.95 596.1 607.4 622.35 20-Jul-10 609.4 614 600 602.05 619.895 21-Jul-10 600 620.5 595.2 616.9 619.46 22-Jul-10 618.7 633.85 618.7 632.3 620.41 23-Jul-10 640 655 625.1 627 619.265 26-Jul-10 630 646 618.1 619.7 617.445 27-Jul-10 619.7 642.9 619 639.7 618.235 28-Jul-10 644.95 655.7 638.2 643.95 620.99 29-Jul-10 647.8 652 636 644.1 623.72 30-Jul-10 645 664.7 638 661.5 629.46 2-Aug-10 664 669.75 653.1 660.4 634.76 3-Aug-10 677 677 650.05 652.85 639.84 4-Aug-10 652.9 656 642.5 653.9 643.54 5-Aug-10 658 659.8 642.55 645.1 644.82 6-Aug-10 645 658 641 649.35 647.055 9-Aug-10 651 658 645 650.3 650.115 10-Aug-1 0 651 656.5 637 640.45 650.19 11-Aug-1 0 642 646.85 620.65 627.65 648.56 12-Aug-1 0 626 645 615.3 632.65 647.415 13-Aug-1 0 638 640 625 627.65 644.03 16-Aug-1 0 550 636 550 622.9 640.28 17-Aug-1 626.15 629.7 616.4 621.6 637.155 BEC DOMS BAGALKOTPage 50
  • 51. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 0 18-Aug-1 0 624.9 624.9 611 617.9 633.555 19-Aug-1 0 627.9 634 615.1 616 630.645 20-Aug-1 0 617 622 610 617.75 627.485 23-Aug-1 0 630 634.5 620.65 624.05 624.86 24-Aug-1 0 630 630 615.25 617.05 622.52 25-Aug-1 0 617.1 619.45 606.45 615.15 621.27 26-Aug-1 0 620 624.35 609.1 619.3 619.935 27-Aug-1 0 621 621 608 610.6 618.23 30-Aug-1 0 616 619 604.3 609.05 616.845 31-Aug-1 0 607 630 605 626.4 617.325 1-Sep-10 631 636.9 625.3 628.2 618.355 2-Sep-10 632 634.9 625.45 627.25 619.48 3-Sep-10 631 640 627 630.8 620.785 6-Sep-10 633.2 637.4 630.3 633.45 621.725 7-Sep-10 634 639.9 626 629.65 622.985 8-Sep-10 630 637.2 628 635.35 625.005 9-Sep-10 635 656.9 635 655.4 628.615 13-Sep-1 0 659.7 665 652.1 660.55 633.61 14-Sep-1 0 655 677.8 655 670.05 639.71 15-Sep-1 0 672 684.45 669 676.4 644.71 16-Sep-1 0 674 682.8 665.6 673.05 649.195 17-Sep-1 0 677.1 685 676.3 679 654.37 20-Sep-1 0 684.95 692 676.25 687.75 660.065 21-Sep-1 0 689 704.9 679 681.9 664.91 22-Sep-1 0 695 744.7 672.65 682.95 670.24 23-Sep-1 0 687.8 694 683.1 690.55 675.76 24-Sep-1 0 694 694.75 685 690.2 679.24 BEC DOMS BAGALKOTPage 51
  • 52. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 27-Sep-1 0 693.85 703.9 690 694.15 682.6 28-Sep-1 0 700 716.4 696.9 711.8 686.775 29-Sep-1 0 725 725 696.05 698.4 688.975 30-Sep-1 0 699 704.5 688.75 693.3 691 1-Oct-10 700 716 698.5 713.5 694.45 4-Oct-10 719 742.95 719 731.4 698.815 5-Oct-10 738 750 731.4 745.35 705.16 6-Oct-10 749.95 758.7 737 739.6 710.825 7-Oct-10 737.5 745.6 719 725.7 714.34 8-Oct-10 731.6 732.5 695 705.8 715.9 11-Oct-1 0 717 717 701.15 706.65 717.15 12-Oct-1 0 711.8 719.05 705.85 715.9 717.56 13-Oct-1 0 725 738 714.45 735.7 721.29 14-Oct-1 0 740 743.95 711 718.9 723.85 15-Oct-1 0 720 726 706 710.6 723.56 18-Oct-1 0 714.35 715.9 687.8 701.15 720.535 19-Oct-1 0 706.55 712 697 700.1 716.01 20-Oct-1 0 700 709.5 694.05 697.15 711.765 21-Oct-1 0 700 715 698.1 712.8 710.475 22-Oct-1 0 718 718 699.5 701 709.995 25-Oct-1 0 708 721 703 715.55 710.885 26-Oct-1 0 719.8 728.45 715 717.7 711.065 27-Oct-1 0 717 733.8 717 729.4 710.435 28-Oct-1 0 732 739.85 721.5 733.5 711.895 29-Oct-1 0 740 745 706 731.85 714.02 1-Nov-10 736.2 770.65 728 765.9 720.495 2-Nov-10 769.1 772 750.6 757.15 726.2 3-Nov-10 764 769.7 752.5 759.55 732.44 BEC DOMS BAGALKOTPage 52
  • 53. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 4-Nov-10 765 794 765 777.7 738.93 5-Nov-10 785.15 794 785.15 790.85 747.915 8-Nov-10 795.25 797 774.6 776.55 754.015 9-Nov-10 787.2 791.55 772 781.2 760.365 10-Nov-1 0 781 808.95 781 805 767.925 11-Nov-1 0 810 826.4 806.1 813.05 775.88 12-Nov-1 0 810 815 770.25 774.4 780.135 15-Nov-1 0 766.5 804 766.5 799.95 783.54 16-Nov-1 0 800.9 800.95 775.1 778 785.625 18-Nov-1 0 781 793 760.7 780.4 787.71 19-Nov-1 0 785.9 785.9 748.05 753.15 785.255 22-Nov-1 0 758 772.9 734.7 766.35 782.805 23-Nov-1 0 769.9 779.4 744.35 759.7 781.12 24-Nov-1 0 767 797 767 784.25 781.425 25-Nov-1 0 790 798.25 767 781.25 779.05 26-Nov-1 0 783.6 790 751 757.65 773.51 29-Nov-1 0 760 774 745 768.55 772.925 30-Nov-1 0 772.1 782 757 766.3 769.56 1-Dec-10 774.8 804.9 767.9 801 771.86 2-Dec-10 808 814 781.5 789.35 772.755 3-Dec-10 792 804.3 789 798.75 777.315 6-Dec-10 800.55 809.8 789.35 792.05 779.885 7-Dec-10 793 805 793 800.65 783.98 8-Dec-10 794.5 796.85 783.2 787.5 784.305 9-Dec-10 790 792.4 751.7 760.5 782.23 10-Dec-1 0 760 782.45 750 777.65 784.23 13-Dec-1 0 788 788 759.95 767.9 784.165 14-Dec-1 0 766 767 752.75 757.6 783.295 15-Dec-1 0 755 769.7 747.1 753.15 778.51 BEC DOMS BAGALKOTPage 53
  • 54. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 16-Dec-1 0 754 754 722.1 732.6 772.835 20-Dec-1 0 739.9 754.9 725 745.8 767.54 21-Dec-1 0 749.8 757.9 747 753.8 763.715 22-Dec-1 0 759 764.95 753.35 757.55 759.405 23-Dec-1 0 760 762.8 744.95 751.5 755.805 24-Dec-1 0 752 764.7 743 760.75 755.83 27-Dec-1 0 760 766.7 756 758.4 753.905 28-Dec-1 0 759 768.45 750.85 763.9 753.505 29-Dec-1 0 764.5 774.65 754.3 773.4 755.085 30-Dec-1 0 775 781.9 772.45 775.7 757.34 31-Dec-1 0 775.9 784.5 775.35 777.55 761.835 3-Jan-11 792 801.9 785 787.05 765.96 4-Jan-11 789.9 792 777.6 780.2 768.6 5-Jan-11 780.2 788.3 766 771.05 769.95 6-Jan-11 775 776.75 758.55 769.9 771.79 7-Jan-11 765 766 732.1 738.6 769.575 10-Jan-11 738 750 722.1 729.2 766.655 11-Jan-11 730 742.55 727.2 735.5 763.815 12-Jan-11 742 753.5 725.2 751.05 761.58 13-Jan-11 757.95 757.95 732.8 738.1 757.82 14-Jan-11 735 752.9 730 739.05 753.97 17-Jan-11 739 746 730 737.4 749.005 18-Jan-11 739 752 737.65 746.5 745.635 19-Jan-11 748 766 746.5 751.1 743.64 20-Jan-11 748.1 764.7 748.1 760.4 742.69 21-Jan-11 757.25 775.7 755.15 771.05 745.935 24-Jan-11 771.1 793 771.1 788.2 751.835 25-Jan-11 791 799 767.05 770.5 755.335 27-Jan-11 776 776 726.15 733 753.53 28-Jan-11 733.2 735.7 677.2 696.85 749.405 31-Jan-11 684 716 680 712.05 746.705 1-Feb-11 720 721 697.05 705.05 743.47 2-Feb-11 710 720 692.2 701.2 738.94 BEC DOMS BAGALKOTPage 54
  • 55. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 3-Feb-11 699 711.95 695 705.85 734.415 4-Feb-11 706 706 655.15 668.35 725.21 7-Feb-11 676.5 680.8 663 668.55 714.96 8-Feb-11 675.5 676.05 625 628.65 699.005 9-Feb-11 626.35 666 620 654.2 687.375 10-Feb-1 1 654 661.6 642.05 654.4 679.515 11-Feb-1 1 657.9 672 637.7 668.4 676.67 14-Feb-1 1 675 689 668 679.8 673.445 15-Feb-1 1 680.1 682 655.7 667.5 669.69 16-Feb-1 1 669.3 669.3 648 657.15 665.285 17-Feb-1 1 660 672.9 650.2 669.25 661.625 18-Feb-1 1 671.45 676 647 651.25 659.915 21-Feb-1 1 654 654 635.5 651.2 658.18 22-Feb-1 1 645 645 632.25 639.75 659.29 23-Feb-1 1 639.75 648.5 634 639.75 657.845 24-Feb-1 1 639 640 608.8 615.9 653.995 25-Feb-1 1 628.5 628.5 587.65 595.1 646.665 28-Feb-1 1 600 642.7 585.1 614.1 640.095 1-Mar-11 622.9 670.6 622.9 665.45 639.89 3-Mar-11 652 676.4 652 673 641.475 4-Mar-11 678 691.85 672.5 676.25 642.175 7-Mar-11 811.5 811.5 648 660.3 643.08 8-Mar-11 669.7 670.7 661 664.9 644.45 9-Mar-11 668 673.9 663.75 668.7 647.345 10-Mar-1 1 662 674 662 667.4 650.11 11-Mar-1 1 662.6 665.7 651.75 655.7 654.09 14-Mar-1 1 655 667.7 652.5 662.05 660.785 15-Mar-1 1 649.95 656.45 635 644.35 663.81 16-Mar-1 1 654.95 662 651 659.4 663.205 BEC DOMS BAGALKOTPage 55
  • 56. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT 17-Mar-1 1 651 664.9 651 654.65 661.37 18-Mar-1 1 662.8 662.8 627 632.95 657.04 21-Mar-1 1 640 644.8 627.4 641.75 655.185 22-Mar-1 1 644 656 640.5 652.4 653.935 23-Mar-1 1 654.1 655 641.5 645.75 651.64 24-Mar-1 1 652 667.25 647.1 664.35 651.335 25-Mar-1 1 679.5 680 662.5 672.75 653.04 28-Mar-1 1 675 684.9 671.6 677.15 654.55 29-Mar-1 1 675 689 675 686.3 658.745 30-Mar-1 1 687 711.8 687 710.05 663.81 31-Mar-1 1 709 724 685 698.6 668.205 CHART:- M&M BEC DOMS BAGALKOTPage 56
  • 57. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT INTERPRETATION:- In this Graph, we can observe that moving Average of MAHINDRA & MAHIDRA’S. Stock scrip is below the actual price. And, if we observe the trend of this graph then we can also notice that Moving Average line has been decreased. ANALYSIS:- Here, in this case, the Stock price of MAHINDRA & MAHIDRA’S. is above to its moving average line. So, it is giving clear picture of future movement of the scrip. So it indicates that it is a right time to buy the security. CANDLE STICK CHART MARUTI-SUZUKI:- INTERPRETATION:- In the above Candle Stick Chart it is clear that Stock Price of MARUTI-SUZUKI has ups and downs. Simply Share Prices of MARUTI-SUZUKI is moving up and decreased to the last months. ANALYSIS:- BEC DOMS BAGALKOTPage 57
  • 58. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT It indicates that the investors are becoming more bullish than bearish in the October and November months. Here, It is a right time to sell the Scrip. Were its decreasing last months in that time we buy the scrip. TATA MOTORS:- INTERPRETATION:- In the above Candle Stick Chart it is clear that Stock Price of TATA MOTORS has been increasing. And the Share Prices of TATA MOTORS is moving up. ANALYSIS:- . BEC DOMS BAGALKOTPage 58
  • 59. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT It indicates that the investors are becoming more bullish. Here, as far as TATA MOTORS is concerned, bullish market trend is taking place. It is a right time to sell the Scrip. CHART:- M&M INTERPRETATION:- In the above Candle Stick Chart it is clear that Stock Price of MAHIDRA & MAHIDRA has been increasing it indicates that the investors are becoming more bullish than bearish. ANALYSIS:- Here, as far as M&M is concerned, bullish market trend is taking place. The Share Prices of MAHIDRA & MAHIDRA is moving up. It is a right time to sell the Scrip. BEC DOMS BAGALKOTPage 59
  • 60. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT FINDINGS, SUGGESTIONS & CONCLUSION BEC DOMS BAGALKOTPage 60
  • 61. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT FINDINGS OF THE STUDY Technical analysts evaluate securities by analyzing statistics generated by market activity, past prices and volume. Moving average line has been decreased and below to the actual line so it‘s provides a message to the investor that it’s a right time to buy the security of Maruti Suzuki Ltd. Candle Stick Chart it is clear that Stock Price of MARUTI-SUZUKI It indicates that the investors are becoming more bullish than bearish in the October and November months. Here, It is a right time to sell the Scrip. Were its decreasing last months in that time we buy the scrip. In case of 10 days Moving Average of Tata Motors Scrip, message to the investor that the both stock price are increasing so it indicates that it is not right time to buy the security it’s time to sell the security. Candle Stick Chart it is clear that Stock Price of TATA MOTORS has been increasing, as far as TATA MOTORS is concerned, bullish market trend is taking place. It is a right time to sell the Scrip. Moving Average of the Stock price of MAHINDRA & MAHIDRA’S. is above to its moving average line. So, it is giving clear picture of future movement of the scrip. So it indicates that it is a right time to buy the security. It is a right time to sell the Scrip of MAHINDRA & MAHIDRA’S Candle Stick Chart it is clear that Stock Price of MAHIDRA & MAHIDRA has been increasing BEC DOMS BAGALKOTPage 61
  • 62. TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT CONCLUSION OF THE STUDY As we all know India is one of the fastest growing economies in the world. India is consistently achieving growth in automobile sector. The automotive industry is witnessing tremendous and unprecedented changes these days. On a global scale, the assets of the top ten automotive corporations accounts for 28% of the assets of the world’s top 50 companies, 29% of their employment and 30% of their total sales. The Indian automobile industry is going through a technological change where each firm is engaged in changing its processes and technologies to sustain the competitive advantage and provide customers with the optimized products and services. Consistent growth and dedication have made the Indian automobile industry the second- largest tractor and two-wheeler manufacturer in the world. It is also the fifth-largest commercial vehicle manufacturer in the world. The Indian automobile market is among the largest in Asia. Apart from domestic production, the industry is consistently focusing on the automobile exports. The auto component segment is contributing a lot in the export arena. The liberalized policies of the government are now making the companies go for more and more exports. Because of these reasons, the shares of automobile industry are performing well and therefore the share market is attracting people to invest their hard earned money and find fortune. But lack of knowledge about shares and stock market is making BEC DOMS BAGALKOTPage 62