2025 |
Volume 15 |
Issue Issue 3
Profitability Assessment of Technical Trading Rules in BRICS Stock Markets
1.
Kajol Verma
– St. John College, Agra, Uttar Pradesh, India.
2.
Pallavi Goyal
– St. John College, Agra, Uttar Pradesh, India.
3.
Rishika Agarwal
– St. John College, Agra, Uttar Pradesh, India.
4.
Shikha Kannojia
– St. John College, Agra, Uttar Pradesh, India.
Received
15-Jan-2026
|
Accepted
-
|
Published
15-Jan-2026
|
Abstract
The stock market is a significant part of the financial sector, and choosing the right stock is essential to maximise returns. Many investors use technical analysis to predict future price movements based on past data. This study aims to predict the profitability of technical indicators in the BRICS nations’ stock markets from April 2024 to March 2025. The study evaluates the randomness of the
BRICS nations’ stock market and found that they follow a trend rather than a random pattern. Furthermore, the study examines the reliability and sensitivity of technical indicators and found that the stochastic oscillator is highly sensitive, while the Bollinger Band is highly reliable. The study also found a negative correlation between reliability and sensitivity, indicating that both are important for achieving sufficient profit.
Keywords Technical Analysis, Technical Indicators, BRICS Nations, Efficiency Run Test, Spearmen’s Rho Correlation
Locked
Subscribed
Open Access
