• Dr. Anuradha Sheokand

The banking sector stands as the backbone of India’s financial ecosystem, driving economic growth, facilitating capital flows, and reflecting the broader health of the nation’s markets. As one of the most dynamic and influential sectors on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), banking stocks—ranging from stalwarts like HDFC Bank and ICICI Bank to emerging players serve as critical barometers of market sentiment and macroeconomic stability. This research paper delves into the technical analysis of the banking sector, focusing on key constituents of the BSE Sensex and NSE Bank Nifty indices. By employing widely recognized indicators such as Exponential Moving Averages (EMA), Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Commodity Channel Index (CCI), the report deciphers patterns, momentum, and potential inflection points across major banking stocks. The analysis spans data from 2014 to early 2015, capturing recent volatility and emerging trends in a post-pandemic financial landscape. The technical analysis is the study of financial market action. The technical analysis looks at the price movement the occurred-on day to day or week to week or over other constant time period display in graphic form, it’s called chart. The study shows that the historical prices have an impact on future prices. So past trend can be used to predict the trend of future prices, however even if you are unable to accurately forecast prices, technical analysis can be used to consistently reduce your risk and improve your profits. From the study it has been understood that the price movement of the shares can be determined by using technical analysis and accurate buy & sale decision can be made so that the investor can minimize their risk and maximize their profit.

Exponential Moving Averages (EMA), Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Commodity Channel Index (CCI).

"TECHNICAL ANALYSIS OF BANKING SECTOR OF BSE AND NSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 9, page no.37-47, September-2017, Available :http://www.jetir.org/papers/JETIR1709154.pdf

"TECHNICAL ANALYSIS OF BANKING SECTOR OF BSE AND NSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 9, page no. pp37-47, September-2017, Available at : http://www.jetir.org/papers/JETIR1709154.pdf