Comparison Of Moving Average Based Tools Of Technical Analysis Of Stock Market: An Empirical Study
AbstractIn the finance world stock market appears to be one of the profits making area. In the secondary stock market's cash segment is preferred by stock investors and traders for long term and short term respectively. Complexity of stock market and stock trading warrants traders to use technical analysis for accomplishment of profit optimization objective. There are various technical analysis tools, out of them moving average based indicator tools are popular. The present study is aimed at to academically find out appropriate moving average based indicator tool and a combination of moving average based indicators. For this one of highest market capitalization based Reliance Industries Ltd. was taken as sample for the 12 months study period starting from June 1st 2020 to May 31st 2021.