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
D Sectors
by PRASHANT SHAH -
We have recently created a tool called D-Sectors for analysing the performance of sectors. It is a very useful tool and presents all relevant information in a very simple manner. There are four important parts to perform sector analysis. D-Sectors considers all above points and score the sector. Score moves between 0 – 60.Score above 50 ... Read more
Hum Saath Saath Hain!
by PRASHANT SHAH -
Hum Saath Saath Hain!When we divide a price of one instrument with another we get a ratio of two instruments. When this ratio is plotted on a daily basis we get a ratio chart. Below is a Ratio chart of Bank Nifty v/s Nifty. Numerator is Bank Nifty and denominator is Nifty in below chart.When ... Read more
RS – P&F
by PRASHANT SHAH -
The concept of Relative Strength is very popular and although much written about, it is truly under- utilized by market participants. It is a very simple and effective method of measuring performance of an instrument. Don’t confuse it with RSI indicator due to similarity in name; they are entirely different concepts. Whether it is investing, ... Read more
