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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.

Geojits 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 buy\sell 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 months 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 customers 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

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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 its 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 companys 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 Scrips.

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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,

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, weve 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:-

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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

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

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


DATE

10 DAYS
MOVING AVG

OPEN

HIGH

LOW

CLOSE

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 its provides a message to the investor that its 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


DATE

OPEN PRICE

HIGH
PRICE

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

LOW
PRICE

CLOSE
PRICE

10 DAYS
MOVING AVG

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

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

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

1067.25 1079.55

1024.655

1059.88

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

4-Oct-10

1120.1

1147.4

5-Oct-10

1140

1145

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

1146.455

18-Oct-10

1159.4

1176.85

1131.35 1169.25

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

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

22-Nov-10

1202.55

1232.7

BEC DOMS BAGALKOTPage 42

1120

1139.6

1129.25 1134.35

1156.55

1178.15 1190.05
1192

1227.95

1091.625
1097.32

1149.42

1172.42

1248.815
1247.05

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

22-Dec-10

1355

23-Dec-10

1334.15 1349.55

1312.905

1372

1346.8

1365.6

1316.275

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

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

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

1252.05 1272.35

1322.305

1311.965

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

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

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

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

21-Feb-11

1209

1209

1135.2

22-Feb-11

1151.8

1153.7

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

1182.55 1193.55

1171.05 1194.25

1055.55 1077.35

1161.95

1123.65 1137.35

1199.035

1191.83

1130.995

1172.17
1173.775
1176.2

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

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

21-Mar-11

1129

22-Mar-11

1157.45

1112.75 1117.95

1150.625

1132

1114.6

1122.35

1150.135

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 its 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


DATE

OPEN
PRICE

HIGH
PRICE

LOW
PRICE

CLOSE
PRICE

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
12-Apr-1
0

530

533

522.2

528.25

532

532.6

516.5

517.7

BEC DOMS BAGALKOTPage 47

10 DAYS
MOVING AVG

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

13-Apr-1
0
15-Apr-1
0
16-Apr-1
0
19-Apr-1
0
20-Apr-1
0
21-Apr-1
0
22-Apr-1
0
23-Apr-1
0
26-Apr-1
0
27-Apr-1
0
28-Apr-1
0
29-Apr-1
0
30-Apr-1
0

519

520.25

505.2

508.4

511.9

518.7

508.6

510.35

510

514

500

502.65

523.765

498.5

509.2

491

503.65

520.75

505

519

504

510.75

517.11

512.05

515.9

506

508.65

514.55

508.65

517.75

505.1

508.35

512.39

509

523.2

504

520.55

511.93

525

532

522

528.4

511.945

535

540.4

528.75

537.05

513.88

532

537.05

521

524.75

515.515

524.75

533.5

519.1

524.1

516.89

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
10-May-1
0
11-May-1
0
12-May-1
0
13-May-1
0
14-May-1
0
17-May-1
0
18-May-1
0
19-May-1
0
20-May-1
0

510

526.5

507

523.3

524.73

532

555

528.4

553.7

527.26

555

566.05

551

562.05

529.76

561

566

536.4

546.3

531.915

547

575

547

565

536.005

560

567

554.6

559.85

539.38

550

561

543

557.8

542.555

558

568.9

547.75

559.8

546.845

555

559.5

515

526.65

547.38

528.65

540.85

517.7

522

547.645

BEC DOMS BAGALKOTPage 48

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

21-May-1
0
24-May-1
0
25-May-1
0
26-May-1
0
27-May-1
0
28-May-1
0
31-May-1
0

510

542.7

505.05

539.45

549.26

549.5

556.9

524

529.3

546.82

525

538.6

509

516.15

542.23

533.8

538.55

514

519.45

539.545

520

540

519

528.7

535.915

538.95

549.8

535.05

545.05

534.435

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
10-Jun-1
0
11-Jun-1
0
14-Jun-1
0
15-Jun-1
0
16-Jun-1
0
17-Jun-1
0
18-Jun-1
0
21-Jun-1
0
22-Jun-1
0
23-Jun-1
0
24-Jun-1
0
25-Jun-1
0
28-Jun-1
0

572

582.95

572

577.2

567.885

577.95

600

577.95

591.9

574.205

597.15

616

595

604.4

580.14

611.15

616.3

607

612.75

584.17

614.95

617.95

605

607.85

588.565

616

636.25

610

630.25

594.17

631.35

641.8

627

631.65

599.06

633.9

641

615

619.25

602.465

625

639.9

625

637

608.325

639

644.9

628.9

632.9

614.515

630

636.45

627.3

630.75

619.87

634

637.55

620

632.45

623.925

630.5

635.4

610.5

614.7

624.955

610

627

608

622.2

625.9

625

627

610

614.45

626.56

29-Jun-1

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
10-Aug-1
0
11-Aug-1
0
12-Aug-1
0
13-Aug-1
0
16-Aug-1
0

651

658

645

650.3

650.115

651

656.5

637

640.45

650.19

642

646.85

620.65

627.65

648.56

626

645

615.3

632.65

647.415

638

640

625

627.65

644.03

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
19-Aug-1
0
20-Aug-1
0
23-Aug-1
0
24-Aug-1
0
25-Aug-1
0
26-Aug-1
0
27-Aug-1
0
30-Aug-1
0
31-Aug-1
0

624.9

624.9

611

617.9

633.555

627.9

634

615.1

616

630.645

617

622

610

617.75

627.485

630

634.5

620.65

624.05

624.86

630

630

615.25

617.05

622.52

617.1

619.45

606.45

615.15

621.27

620

624.35

609.1

619.3

619.935

621

621

608

610.6

618.23

616

619

604.3

609.05

616.845

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
13-Sep-1
0
14-Sep-1
0
15-Sep-1
0
16-Sep-1
0
17-Sep-1
0
20-Sep-1
0
21-Sep-1
0
22-Sep-1
0
23-Sep-1
0
24-Sep-1
0

635

656.9

635

655.4

628.615

659.7

665

652.1

660.55

633.61

655

677.8

655

670.05

639.71

672

684.45

669

676.4

644.71

674

682.8

665.6

673.05

649.195

677.1

685

676.3

679

654.37

684.95

692

676.25

687.75

660.065

689

704.9

679

681.9

664.91

695

744.7

672.65

682.95

670.24

687.8

694

683.1

690.55

675.76

694

694.75

685

690.2

679.24

BEC DOMS BAGALKOTPage 51

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

27-Sep-1
0
28-Sep-1
0
29-Sep-1
0
30-Sep-1
0

693.85

703.9

690

694.15

682.6

700

716.4

696.9

711.8

686.775

725

725

696.05

698.4

688.975

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
11-Oct-1
0
12-Oct-1
0
13-Oct-1
0
14-Oct-1
0
15-Oct-1
0
18-Oct-1
0
19-Oct-1
0
20-Oct-1
0
21-Oct-1
0
22-Oct-1
0
25-Oct-1
0
26-Oct-1
0
27-Oct-1
0
28-Oct-1
0
29-Oct-1
0

731.6

732.5

695

705.8

715.9

717

717

701.15

706.65

717.15

711.8

719.05

705.85

715.9

717.56

725

738

714.45

735.7

721.29

740

743.95

711

718.9

723.85

720

726

706

710.6

723.56

714.35

715.9

687.8

701.15

720.535

706.55

712

697

700.1

716.01

700

709.5

694.05

697.15

711.765

700

715

698.1

712.8

710.475

718

718

699.5

701

709.995

708

721

703

715.55

710.885

719.8

728.45

715

717.7

711.065

717

733.8

717

729.4

710.435

732

739.85

721.5

733.5

711.895

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
10-Nov-1
0
11-Nov-1
0
12-Nov-1
0
15-Nov-1
0
16-Nov-1
0
18-Nov-1
0
19-Nov-1
0
22-Nov-1
0
23-Nov-1
0
24-Nov-1
0
25-Nov-1
0
26-Nov-1
0
29-Nov-1
0
30-Nov-1
0

787.2

791.55

772

781.2

760.365

781

808.95

781

805

767.925

810

826.4

806.1

813.05

775.88

810

815

770.25

774.4

780.135

766.5

804

766.5

799.95

783.54

800.9

800.95

775.1

778

785.625

781

793

760.7

780.4

787.71

785.9

785.9

748.05

753.15

785.255

758

772.9

734.7

766.35

782.805

769.9

779.4

744.35

759.7

781.12

767

797

767

784.25

781.425

790

798.25

767

781.25

779.05

783.6

790

751

757.65

773.51

760

774

745

768.55

772.925

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
10-Dec-1
0
13-Dec-1
0
14-Dec-1
0
15-Dec-1
0

790

792.4

751.7

760.5

782.23

760

782.45

750

777.65

784.23

788

788

759.95

767.9

784.165

766

767

752.75

757.6

783.295

755

769.7

747.1

753.15

778.51

BEC DOMS BAGALKOTPage 53

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

16-Dec-1
0
20-Dec-1
0
21-Dec-1
0
22-Dec-1
0
23-Dec-1
0
24-Dec-1
0
27-Dec-1
0
28-Dec-1
0
29-Dec-1
0
30-Dec-1
0
31-Dec-1
0

754

754

722.1

732.6

772.835

739.9

754.9

725

745.8

767.54

749.8

757.9

747

753.8

763.715

759

764.95

753.35

757.55

759.405

760

762.8

744.95

751.5

755.805

752

764.7

743

760.75

755.83

760

766.7

756

758.4

753.905

759

768.45

750.85

763.9

753.505

764.5

774.65

754.3

773.4

755.085

775

781.9

772.45

775.7

757.34

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
10-Feb-1
1
11-Feb-1
1
14-Feb-1
1
15-Feb-1
1
16-Feb-1
1
17-Feb-1
1
18-Feb-1
1
21-Feb-1
1
22-Feb-1
1
23-Feb-1
1
24-Feb-1
1
25-Feb-1
1
28-Feb-1
1

626.35

666

620

654.2

687.375

654

661.6

642.05

654.4

679.515

657.9

672

637.7

668.4

676.67

675

689

668

679.8

673.445

680.1

682

655.7

667.5

669.69

669.3

669.3

648

657.15

665.285

660

672.9

650.2

669.25

661.625

671.45

676

647

651.25

659.915

654

654

635.5

651.2

658.18

645

645

632.25

639.75

659.29

639.75

648.5

634

639.75

657.845

639

640

608.8

615.9

653.995

628.5

628.5

587.65

595.1

646.665

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
10-Mar-1
1
11-Mar-1
1
14-Mar-1
1
15-Mar-1
1
16-Mar-1
1

668

673.9

663.75

668.7

647.345

662

674

662

667.4

650.11

662.6

665.7

651.75

655.7

654.09

655

667.7

652.5

662.05

660.785

649.95

656.45

635

644.35

663.81

654.95

662

651

659.4

663.205

BEC DOMS BAGALKOTPage 55

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

17-Mar-1
1
18-Mar-1
1
21-Mar-1
1
22-Mar-1
1
23-Mar-1
1
24-Mar-1
1
25-Mar-1
1
28-Mar-1
1
29-Mar-1
1
30-Mar-1
1
31-Mar-1
1

651

664.9

651

654.65

661.37

662.8

662.8

627

632.95

657.04

640

644.8

627.4

641.75

655.185

644

656

640.5

652.4

653.935

654.1

655

641.5

645.75

651.64

652

667.25

647.1

664.35

651.335

679.5

680

662.5

672.75

653.04

675

684.9

671.6

677.15

654.55

675

689

675

686.3

658.745

687

711.8

687

710.05

663.81

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


& MAHIDRAS. 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 & MAHIDRAS. 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

MARUTI-SUZUKI is moving up and decreased to the last months.


ANALYSIS:BEC DOMS BAGALKOTPage 57

Prices

of

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 its provides a message to the investor that its 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 its 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 & MAHIDRAS. 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 & MAHIDRAS 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 worlds 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

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

them cautious of investing in this market. They need to be educated as well


as guided to minimize the risk and to assess the return on their investment.

SUGGESTIONS
Before going to invest, an investor should have clear and adequate
knowledge of capital market.
It is better to go for Long term Investment rather than the Short term
Investment. Because it is less risky and also provides sufficient return.
The investors should know the value of money.
Practically, stock market activities are very risky. So, investors should be
careful while investing.
In case of half knowledge about stock market is very dangerous. So,
whenever a person wants to invest in stock market he should take
necessary tips from the experts or Technical Analysts.
Investors should also look into global pressure and market movement in
order to look for avenues of investing in different stocks and to take

BEC DOMS BAGALKOTPage 63

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

position; some of the sources for understanding global pressure are


CNBC TV18, News Paper, Economy watch etc.

BIBLIOGRAPHY

BEC DOMS BAGALKOTPage 64

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

BIBLIOGRAPHY
BOOKS REFERRED:
1. Security Analysis & Portfolio Management, By, Punithavathy Pandian.
2. Investment Analysis & Portfolio Management, By Prasanna Chandra

WEB SITES:
1. www.bseindia.com
2. www.nseindia.com
3. www.stockchart.com
4. www.marutisuzuki.com
5. www.tatamotors.com
6. www.Mahindra & Mahindra.com
7. www.investopedia.com
8. www.moneycontrol.com

BEC DOMS BAGALKOTPage 65

TECHNICAL ANALYSIS OF AUTOMOBILE SECTOR AT

BEC DOMS BAGALKOTPage 66

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