Technical Analysis on IT Sector-Based Stocks Listed on Global Exchanges.

Abstract

The world has continued to be amazed by technology, which has enabled an industrial revolution as well as economic and social development. Information technology is no exception; its advancements, improvements, and effects, as well as humanity's reliance on technology in general, are all rapidly spreading. Information technology is the world's largest as well as profligate growing sectors. Information Technology (IT) is increasingly being acknowledged as a critical development enabler, with applications across the board. The scope of the study revolves around understanding financial concepts regarding the movement of stock prices. The study will assist investors in making decisions (buy, hold or sell) by determining the value of the stocks through technical analysis. Understanding price movement of shares on different exchanges while considering arbitrage possibilities will be a major focus of this study. The research aims at understanding the investment pattern of IT sectors in various stock exchanges and the possibilities of arbitrage. It also helps us to learn about the effects of global stock markets against the base stock market. The study deals with the usage of various tools for understanding the movement of stock prices and comparing such prices across companies and exchanges.