Exploratory Data Analysis (EDA), Financial Indicator Development, and Price Estimation for NSE Nifty 50 Stock Market Data Using Machine Learning
As a part of our minor project required for the fifth semester, we are using minute-to-minute varied data from the Nifty 50 and developing seven technical indicators, namely:
- Simple Moving Average
- Volume Moving Average
- Exponential Moving Average
- Relative State Indexing
- Moving Average Convergence Divergence
- Upper and Lower Bollinger Bands
- Average True Range
With the help of these, we are further estimating the exit price, the stop loss, and hence the risk-to-reward ratio for the particular stock data analyzed using Long Short-Term Memory Recurrent Neural Networks, which will guide the user whether to short buy, long buy, or square-off their dealings.