Article
CASH FLOW MANAGEMENT AT ICICI SECURITIES LTD
There are multile technical analysis tools available for security analysis such as MACD,RSI, MFI,ADX and candle stick pattern etc. but still investors or traders are confused about accuracy of indicators and pattern. This research focuses to test accuracy of signals given by MFI indicator and also compared to the percentage of correctness towards buy and sell signals. This research considered secondary data of twelve banks during the period of Apr 2022 to June 2022 in which all the selected banks are from “bank nifty index”. In the study it has been measured that the signals given by MFI indicator were not significant and there is significant difference in correctness of Buy signals and Sell signals as per MFI indicator. It is also observed that MFI indicator provide more sell signals as compare to buy signals. Hence, it can be concluded that the use of only MFI indicator will not be appropriate for the investor for decision making but this indicator would be more useful for selling decision rather than buying decision.
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