The aim of the study is to discover the validity of the Exponential Moving Average (EMA) for short term investments. Here we collected the closing prices data of HDFC Bank, ICICI Bank, Kotak Bank, State Bank of India and Punjab National Bank which was listed in National Stock Exchange (NSE) for the period of 1st April 2019 to 1st October 2019. Here we identified that the Exponential Moving Average (EMA) technical tool will able to generate the reliable and valid results which can make to choose right equity stock for short term investments. The study concludes that exponential Moving Average (EMA) will competent to generate the valid results but investor should not only depends Exponential Moving Average (EMA) and also verifies with other technical indicators
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Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X.