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
Outperformance & Underperformance
by PRASHANT SHAH -
When you identify the stock that is outperforming the market, buying it is easier said than done. There is always this conflict with our thought process and belief system. Human nature is such that we always ask for discounts or we like to buy stuff at a cheaper price. A stock that is traded near ... Read more
Renko Relative Strength
by PRASHANT SHAH -
The concept of relative strength is very popular and though much written about, it is under utilized by market participants. It is truly a very simple and effective method of measuring an instrument’s performance. Caution: relative strength should not be confused with the RSI (Relative Strength Indicator) indicator, namely due to a similarity in names; ... Read more
