SYMBIOSIS SCHOOL OF BANKING MANAGEMENT
Constituent of symbiosis International University
Accredited by NAAC with ‘A’ Grade
Established under Section 3 of the UGC Act, 1956, vide notification No: F.9.12/2001-U-3of the Government of India.
IMPORTANCE OF TECHNICAL ANALYSIS IN DETERMINING MOVEMENT OF PRICE IN EQUITY STOCK MARKET
Internship Report submitted to SIU in partial completion of the requirement of MBA Banking Management at Symbiosis School of Banking Management
Pune-412115.
NAME OF THE STUDENT: PROJECT MENTOR (SSBM) PROJECT MENTOR /
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TECHNICAL ANALYSIS 19 The Differences 19 1. Charts vs. Financial Statements 19 2. Time Horizon 19 3. Trading Versus Investing 20 The Critics 20 Can They Co-Exist? 21 D. METHODOLOGY AND ANALYSIS 22 I. THE USE OF TREND 22 Types of Trend 23 Trend Lengths 23 Trend lines 24 Channels 25 The Importance of Trend 26 II. SUPPORT AND RESISTANCE 26 Why Does it Happen? 26 Round Numbers and Support and Resistance 27 Role Reversal 27 The Importance of Support and Resistance 27 III. THE IMPORTANCE OF VOLUME 28 What is Volume? 28 Why Volume is Important 29 Volume and Chart Patterns 29 Volume Precedes Price 29 IV. THE USE OF CHARTS. 30 Chart Properties 30 The Time Scale 30 The Price Scale and Price Point Properties 31 V. CHART TYPES 32 Line Chart 32 Bar Charts 32 Candlestick Charts 33 VI. CHART PATTERNS 34 Head and Shoulders 34 Cup and Handle 35 Double Tops and Bottoms 36 Triangles 37 Triple Tops and Bottoms 38 Rounding Bottom 39 VII. MOVING AVERAGES 39 Types of Moving Averages 40 Simple Moving Average (SMA) 40 Linear Weighted Average 41 Exponential Moving Average (EMA) 41 Major Uses of Moving Averages 42 VIII. INDICATORS AND OSCILLATORS 44 Aroon 45 Aroon Oscillator 45 Moving Average Convergence Divergence 46 Relative Strength Index 47 Accumulation/Distribution Line 48 IX. OTHER IMPORTANT TOOLS IN TECHNICAL ANALYSIS 48 Fibonacci and the Golden Ratio 48 The Mathematics 48 The Fibonacci Studies and Finance 49 1. Fibonacci
Apple’s Inc.’s graphs clearly shows how the stock price has been increasing in instances of Open, High, Low, Close, Average and Volume rate between the period. As it was depicted in the descriptive statistics table, the stock price has been inclining constantly within two months. Benefiting from the great increases in the sales of IPHONE and IPAD and the record surge of Mac sales, the apple stock price has kept rising since last October.
In the world of banking and finance nothing stands still. The biggest change of all is in the, scope of the business of banking. Banking in its traditional from is concerned with the acceptance of deposits from the customers, the lending of surplus of deposited money to suitable customers who wish to borrow and transmission of funds. Apart from traditional business, banks now a days provide a wide range of services to satisfy the financial and non financial needs of all types of customers from the smallest account holder to the largest company and in some cases of non customers. The range of services offered differs from bank to bank depending mainly on the type and size of the bank.
Delgado uses mostly Japanese sources along with the findings left behind for historians when trying to find why the Japanese were able to so easily able to drafted the greatest army every assembled at the time. He uses the Japanese accounts to help tell the story, but doesn’t listen to the small details of what they claimed to have happened. He does so to keep credibility. Historians may not be able to prove anything since it’s observing what was left behind, but to Delgado, it’s more credible that telling what the Japanese told at the time that was exaggerated by not only just the writers but also with religious meanings.
The banking industry builds and sustains Financial relationships with its consumers of all sizes to supply Financial products and services to stimulate economic growth. The industry participants produced a variety of services from savings accounts to home and business loans mortgages checking accounts and
The industry that I have chosen to analyze for this paper in the banking industry. The companies which I have selected to analyze are Bank of America & Southeastern Bank. Bank of America will represent as the example for the company who has acquired and merged with other banks, and Fresno Southeastern Bank will act as the example for the bank who has never merged with a larger bank in any form or has been acquired. Both these banks offer similar products to their customers, for checking and savings accounts to home and car loans. They both offer investment products as well. Bank of America has a lot more products on a larger scale due to the size of their company, and the mergers they have made over their history. They operate worldwide
3.) Strong presence in high margin health services business. In addition to UnitedHealth Group’s leadership position in the health benefits market segment, UnitedHealth Group has strong information and technology based health services platform through its business segments which is Ingenix, OptumHealth and PrescriptionSolutions. The “CNN MONEY” (2012) website states Ingenix is one of the largest health information, technology and consulting companies in the world. The UnitedHealth Group derived $2.3 billion of revenues from Ingenix which contributed $284 million (excluding $200 million in goodwill impairment and business line deposition charges) of operating profit, and an operating margin of 12.1% during FY2010.
Financial institutions are key component to a functioning society in today’s day and age. The economic cycle depends on financial institutions to conduct transactions for its worldwide clients. These transactions can be as small as withdrawing money or applying for a loan to start up a new business. The employees of every financial institutions are the key to successfully providing these services to their customers.
My current assignment in Technical Analysis, Accounting & Finance (TAAF), has given me the opportunity to development of financial portions of the annual report and comprehensive statement and to preparation of regular briefings for management. My current position prepares analysis and forecast pertaining to one of the fundamental tasks of TAAF, the Workers Compensation Program actuarial model forecast.
Hanenberg started by reducing the number of suppliers. Their number went down from 107 suppliers to just six. These six suppliers were utilized to serve e-mail and distributed ICT facilities, end user support, networks, developing and reengineering of the business processes, and operations of the computer centres.
Here at Erie, our vision is to be the recognized industry leader in both the high tech and low tech industries by offering affordable, yet well positioned products to consumers. The first of our priorities is to deliver the lowest priced sensors to the market in a way that profits the company. We will measure our success by monitoring our market share, profits, margins and the overall position of our company. Our goal is to have 20% of the overall market share after three years. Within a two year time horizon, Erie 3 expects minimal returns in exchange for future profitability, as company resources will be allocated towards developing a sustainable position within the market. Looking forward to 2025, Eire 3 plans to be a leader in market
This paper examines the preparatory and reflective online discourse that is available on university study abroad websites. Utilizing both Ervin Goffman’s (1986) notion of the ways in which situations “frame” themselves in order to produce specific meanings, and Sarbin and Scheibe’s (1983) work on how identity claims are displayed through rhetoric that signals how things should be viewed by others, this paper looks at the verbal rhetoric found on the websites of four universities within North Carolina. The analysis provides a critical look at the websites’ emphasis on firsthand immersion and promises for transformative experiences. Furthermore, the analysis observes the ways in which universities perpetuate a specific experience by
In 1996, Citibank was an emergent banking institution attempting to increase its market share in the competitive Los Angeles area. In order to do so, the bank’s strategy was to focus slightly less on their financial growth, and much more on providing “a high level of service to its customers”. Management viewed this paradigm shift as “critical to the long term success of the franchise”.
List of abbreviations List of tables Acknowledgements Abstract 1. 2. 3. 4. 5. 6. 7. 8. Introduction Problem statement Objectives and hypothesis of the study Literature review Structure and performance of the financial sector in