Technical Analysis of Tata Consultancy Services Ltd. and Larsen & Toubro Infotech Ltd.
Abstract
The nation's economy heavily depends on the stock market. People or laypeople invest their money in shares on the stock market. The stock market is a location where shares are purchased or sold. There are so many different sectors such as, Information Technology (IT) sector, Pharmaceutical sector, Textile sector, Telecom sector, etc. which help in developing the economy of our country. But in today’s date, IT sector is in boom and performing well in the market and also plays an important role in the development of country’s economy. That is why here we have chosen two famous IT companies for our research work which are: TCS and LTI. Technical analysis of selected IT companies has indicated that LTI company has performed best as compared to TCS. For evaluation, the share price movement has been considered for a period of year from 2018 to 2022
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