Bibliography
by PRASHANT SHAH -
BIBLIOGRAPHY — Aby, Carroll D. J. Point & Figure Charting: The Complete Guide. Grinville, SC: Traders Press Inc., 1996. — Bollinger, John. Bollinger on Bollinger Bands, New York, NY: McGraw-Hill, 2002. — Bulkowski, Thomas N. Encyclopaedia of Chart Patterns. New York, NY: John Wiley & Sos, Inc., 2000. — Carney, Scott M. Harmonic Trading, Volume ... Read more
Asset, Sector and Stock Selection
by PRASHANT SHAH -
Asset class analysis Let us consider a scenario to understand the role of overall market mood or sentiment. Suppose say you are not in a good mood or feeling low and depressed. If someone were to ask you to participate in a sport or a game, what will be your response? The typical response will ... Read more
Sector analysis
by PRASHANT SHAH -
Selection of Denominator We have discussed that the trend of the denominator is an important aspect of relative strength analysis. For the large-cap stocks, the Nifty 50 index would be a logical choice to be used as the denominator or as the benchmark. Even for derivative traders, the Nifty 50 index would be the logical ... Read more
RS Performance Matrix
by PRASHANT SHAH -
Point and Figure charting has a few unique features which lends itself to various types of analysis including the performance matrix. Before delving into the Matrix concept, let’s discuss about the unique features that I alluded to. In a point & figure chart, the price has to be either be in a column of X ... Read more
Breadth, RS & Seasonality
by PRASHANT SHAH -
Advance-decline ratio is a popular breadth indicator. The chart below captures the percentage of Nifty 50 stocks that registered an advance in the monthly time frame. For the month of July 2019, the advance ratio was less than 15%. In other words, almost 85% stocks have declined in July 2019. Below is a chart showing ... Read more
Identifying candidates using RS report
by PRASHANT SHAH -
How one can shortlist sectors and stocks that are outperforming or underperforming in a simple manner by using scanners in TradePoint.In TradePoint there is a feature under Table –> Relative Strength report. This table captures sectors that are outperforming or underperforming against Nifty 50 in the Daily time frame. So, I have selected NSE All sectors as ... Read more
