Stock Market Analysis for 6 companies.
Two of India's biggest stock exchanges BSE and NSE, collectively clear trades combining to greater than 40,000 crores every day. As you might already be aware, a lot of trading happens on the basis of technical and fundamental analysis.
When the shorter-term moving average crosses above the longer-term moving average, it is a signal to BUY, as it indicates that the trend is shifting up. This is known as a Golden Cross.
On the opposite when the shorter term moving average crosses below the longer term moving average, it is a signal to SELL, as it indicates the trend is shifting down. It is sometimes referred to as the Death Cross.
Please note that it is important that the Moving Averages Cross each other in order to generate a signal. Merely being above or below is not sufficient to generate a signal.
When the signal is neither buy nor sell, it is classified as hold. If you already own the stock, keep it and if you don't then don't buy it now.
The dataset here has been extracted from the NSE website. The Stock price data provided is from 1-Jan-2015 to 31-July-2018 for six stocks Eicher Motors, Hero, Bajaj Auto, TVS Motors, Infosys and TCS.
Tech Stack Used: MySQlWorkbench (MySQL)