A COMPARATIVE PERFORMANCE APPRAISAL OF FUNDAMENTAL ANALYTICAL VS. TECHNICAL ANALYTICAL STRATEGIES OF INVESTMENT IN NATIONAL STOCK EXCHANGE
This study titled “A Comparative Performance Appraisal of Fundamental Analytical Vs. Technical Analytical Strategies of Investment in the National Stock Exchange” examines and compares two major approaches used in stock market investment decisions. Fundamental Analysis evaluates a company’s intrinsic value through financial statements, earnings, assets, liabilities, and economic factors, whereas Technical Analysis focuses on price movements, trading volume, and chart patterns to predict future market trends. The study is based on both primary and secondary data. Primary data was collected from 100 respondents using a structured questionnaire to analyse investor awareness, preferences, and behaviour towards both analytical approaches. Secondary data was gathered from company reports, journals, stock market publications, and online financial sources. Statistical tools such as Chi-square, ANOVA, and Correlation analysis were used to examine relationships and differences among the variables influencing investment decisions. The findings reveal that both Fundamental and Technical Analysis significantly contribute to investment decision-making, though their effectiveness varies depending on market conditions and investor preferences. The study concludes that neither method can be considered universally superior; instead, a combination of both approaches provides a more comprehensive understanding of market behaviour and supports better investment decisions. The research recommends that investors adopt a balanced strategy integrating financial fundamentals with market trend analysis to maximize returns and minimize investment risks.
P, D. (2026). A Comparative Performance Appraisal of Fundamental Analytical Vs. Technical Analytical Strategies of Investment in National Stock Exchange. International Journal of Science, Strategic Management and Technology, 02(05). https://doi.org/10.55041/ijsmt.v2i5.482
P, DevaDharshini. "A Comparative Performance Appraisal of Fundamental Analytical Vs. Technical Analytical Strategies of Investment in National Stock Exchange." International Journal of Science, Strategic Management and Technology, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i5.482.
P, DevaDharshini. "A Comparative Performance Appraisal of Fundamental Analytical Vs. Technical Analytical Strategies of Investment in National Stock Exchange." International Journal of Science, Strategic Management and Technology 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i5.482.
2.Aravind, S., & Nair, R. (2025). Predictive Modeling of NIFTY 50: A Hybrid Approach using Fundamental Indicators and Deep Learning. Journal of Indian Financial Markets, Vol. 12(3), pp. 45–60.
3.Mehra, P., & Gupta, K. (2025). Market Efficiency and Behavioral Biases: A Comparative Analysis of Technical Patterns in NSE Blue-Chip Stocks. Financial Review of India, Vol. 10(2), pp. 78–92.
4.Reddy, M., & Rao, P. (2024). Assessing the Intrinsic Value of Energy Sector Stocks: A Discounted Cash Flow Approach vs. Moving Average Crossovers. Energy Economics Quarterly, Vol. 11(2), pp. 55–70.
5.Kapoor, A. (2024). Machine Learning vs. Technical Indicators: Forecasting Short-Term Price Movements in the NSE. Journal of Financial Technology, Vol. 7(2), pp. 89–105.
6.Varma, S. (2023). Financial Ratio Analysis and its Correlation with Stock Returns: Evidence from the Indian Information Technology Sector. Journal of Accounting Research, Vol. 18(3), pp. 72–88.
7.Patel, H., & Joshi, M. (2023). The Role of Fibonacci Retracements in Identifying Support and Resistance Levels in Nifty Bank. Technical Analysis Today, Vol. 5(1), pp. 33–47.
8.Bharathi, D. V. D. S. (2025). Comparative study of traditional marketing vs online marketing.
9.Sengupta, R. (2022). Behavioral Finance and Technical Analysis: Understanding Investor Sentiment during Market Corrections in the NSE. Psychology of Finance, Vol. 4(3), pp. 60–75.
10.Das, K., & Roy, S. (2022). Integration of Fundamental and Technical Analysis for Portfolio Optimization: A Study on NSE Selected Stocks. Portfolio Management Journal, Vol. 10(2), pp. 41–58.