Forecasting of Stocks of Two Companies through Line and Bar charts (Tata Consultancy Services and Infosys)

Vani Kamath, Sharmila Kulkarni

Abstract: In the stock market, popularly two methods of analysis are used in practice. Technical analysis mainly points at analysis the stock performance through various tools and charts. The present paper highlights the importance of Line and Bar charts in forecasting the share prices for the investor. This paper also helps the investor in predicting the future price movements of stocks based on historic prices. This method can be used by any investor in understanding the future prices of stocks irrespective of other factors like micro and macro environment. The study mainly considers two types of charts bar and line and its application in the sector of information technology over a period of one year.

Keywords: Forecasting, Bar Charts, Line Charts, Technical Analysis, Volatality