A Study on Technical Analysis for Predicting Intraday Price Movements of Selected Five NSE Stocks

Dr. H. MICKLE AANCY¹,  Mr. SHYAM PRASAD P²

¹Dr. H. Mickle Aancy, Professor, Master Of Business Administration & Panimalar Engineering College, Chennai -600123

²Mr. Shyam Prasad P, Student, Master Of Business Administration & Panimalar Engineering College, Chennai -600123

Abstract:This study examines the effectiveness of technical analysis in predicting intraday price movements of selected NSE-listed companies, including Zydus Wellness Limited, Tata Consumer Products Limited, Eternal Limited, NTPC Green Energy Limited, and IDFC First Bank Limited. The research emphasizes the importance of technical indicators such as RSI, MACD, EMA, Bollinger Bands, and VWAP in identifying market trends, momentum changes, and potential reversal points. By analyzing historical intraday price data with 15-minute intervals, the study demonstrates how these tools help investors determine suitable entry and exit points while reducing emotional decision-making. The study follows an analytical approach using secondary data from reliable sources like Yahoo Finance and NSE. Overall, the findings highlight that combining multiple technical indicators improves the accuracy of predictions and supports better decision-making in intraday trading.