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Price Predictability of Head and Shoulders Bottom (HSB) Patterns in Indian Stock Charts
Dr. Sajeeve V.P.,
Pages: 1-7 | First Published: 05 Apr 2019
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Abstract
Head and Shoulders Bottom (HSB) is one of the traditional patterns in technical prediction tool-kit claimed to be potent to foretell security prices. Price objective is the expected post-pattern price movement that the pattern is expected to  achieve immediately after price has crossed the neckline. This paper examines whether the pattern achieves the expected price objective so as to consider it as a predictive tool for superior return. The study finds the non-reliability of the predictive capacity of HSB patterns. 
Keywords: Technical analysis, stock market. Stock chart, Pattern, Head and Shoulders Bottom, Price Objective Achievement, Predictive Tool.
 

References

Books 

  •  Bauer Jr. Richard J. and Dahlquist Julie R., Technical Market Indicators: Analysis & Performance, John Wiley & Sons, Inc. New York the USA., (p. vii), (1999).

  • Gupta. O.P., ‘Behaviour of share Prices in India – A Test of Market Efficiency’, National Publishing House, New Delhi, 1985.

  • Lorie, James H. and Mary T. Hamilton. ‘The stock Market Theories and Evidence’, Richard D. Irwin. Homewood Illinois, 1973.

  • Magee, John and Edwards, Robert D. ‘Technical Analysis of Stock Trends’, John Magee, Boston, Massachusetts, the USA. 

  • Pring J., Martin, `Technical analysis explained’, McGraw-Hill, (1991). Plummer, Tony, ‘Forecasting Financial Market-the Truth behind Technical Analysis’,Kogen Page Limited.

Journals 

  •  Aggarwal. K.P., ‘Equity Price Behaviour in India since 1951 – 52’, Indian Journal of Economics Vo. 46, July 1965, pp. 63-92.

  • Barua and Raghunathan., ‘Inefficiency and Speculation in Indian Capital Markets’ – Vikalpa, Vol. 12, July – Sept.’ pp. 53-58.

  • Cootner, Paul H., ‘Stock Prices: Random Vs Systematic Changes’ The Industrial Management Review, Vol. 13. No.2. Spring 1962. pp. 24-45.

  • Fama, Eugene F., ‘Random Walks in Stock Market prices’, Financial Analyst Journal, Vo. XXI.

  • Gehm, Fred., ‘Who is R.N. Elliot and why is he making waves?’, Financial Analyst Journal, February, 1983, pp. 51-58.

  • Levy, Robert A. ‘Relative Strength as a criterion for Investment Selection’. The Journal of Finance, Vo. XXII No. 4. December 1967, pp. 595-610.

  • Levy Robert.A., ‘Conceptual Foundations of Technical Analysis’ Financial Analyst Journal, July – August, 1966, pp. 83-89, Reprinted in Sree Profit. Vol. IV. August, 1989.

  • Levy Robert A. Random Walks Reality or Myths’, Financial Analyst Journal, Vol. 23. No. 6 Nov.Dec. 1967.

Websites 
https://www.metastock.com
https://www.investing.com
https://www.nseindia.com
https://www.bseindia.com
https://in.finance.yahoo.com 
https://www.ssrn.com
https://www.ino.com 

 

 

 

Socio-Economic and Political Development of Women
S. Regina
Pages: 67-70 | First Published: 05 Apr 2019
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Abstract
In our beloved country, there is an immense upturn in awareness about women rights among all sector of society. The developmental programs and policies give priority to improving women’s social status. Instead of urbanisation and industrialisation, our culture and economy are largely agrarian and rural based. Empowering women may provide to promoting rural areas and the economy of India which could be gained through social developments. On the basis of every set of indices of development and socio-economic status, women have coped worse than men in all regions and in all layers of population in India. Women’s increased political participation has produced positive results not only for women but also for their families and communities. This study tested the unfortunate conditions of women in our country and analysed that women are imperative in national development and that unless women are empowered as partners, sustainable development will be impeded. The need to empower Indian women socio-economically and politically for progress in India became a development out of very great necessity. Thus the above entailed this paper.
Keywords: Positive result, unfortunate, imperative, impeded.

References 

1. Rahman, Zainab. Women and society. Kalpaz Publication,2005.
2. Roy, Ashine. Women Empowerment and Gender Planning. Rajat Publication,2003.
3. Sarkar, Tansuni, and Sunit Sarkar. Women and Social Reform in Modern India. Permanent black, 2007.
4. Verma S.B.. Status of Women in modern India. Deep and Deep Publication Pvt. Ltd.,2005.
5. Sharma, Rashmi. Women Law and Judicial. Regal Publication,2009.
6. Anand, Madhulata. Women Empowerment. Vital Publication,2011.
7. Raju M.Lakshmipathi. Women Empowerment: Challenges and Strategies. Regal Publication,2007.
8. Sam, Shamsuddin. Women Law and Social Change. Ashish Publishing House,1991.
9. Bhatnagar,Paul,Tinku. Women Employment and Empowerment. New Century Publication,2011.
10. Pillai, Jayakothari. Women and Empowerment. Gayan Publishing House,1995.