Technical Analysis and Trading
by PRASHANT SHAH -
Technical Analysis I am a huge cricket fan. I was working for a financial firm in 2005 and my job was opening demat account of trader and investors. What a batting lineup it was: Sachin Tendulkar and Virender Sehwag used to open the innings, followed by Saurav Ganguly & Rahul Dravid. Yuvraj Singh and Mohammed ... Read more
Line charting method
by PRASHANT SHAH -
Closing price is the last traded price of the session. When you check the position of your portfolio when the market is open, the price that you see and evaluate your portfolio is known as CMP (current market price). When market closes, the last traded price is considered as a closing price. But when we ... Read more
Trend and Phase Analysis
by PRASHANT SHAH -
Trend Broadly, there are two types of trends: Bullish (teji) or Bearish (mandi). Teji and Mandi are the popular words used by the market participants in India. When majority of market participants are keen to buy even at the higher price, the price will keep rising and we call it Teji or bullish trend. When ... Read more
Bar charting method
by PRASHANT SHAH -
You may recall that the line chart connects a single price (closing price) to plot the chart. We discussed about four prices that we get for each session: Open, High, Low and Close. Instead of only considering closing price of a particular session, all prices of the session can be plotted in the format of ... Read more
Candlestick charts
by PRASHANT SHAH -
t popular and widely followed charting method. It is considered to be among the oldest Japanese charting method. The early form of candlestick chart patterns was explained by Homma Munehisa in his in book titled The Fountain of Gold – The Three Monkey Record of Money. This book was published in 1755. Originally a rice ... Read more
