Yeah, if you believe that I am good at writing controversial articles, I can’t say no. But while doing so, I try to expose real face of the markets and some of the most used conventional wisdom which is nothing but just a useless trap. Today let me stir a bit on Chart patterns and why the so-called “Patterns” are useless to make money. Before doing so I would like to warn the average reader that chart patterns are useful only if you’re making money out of it or else throw them away.
Stocks go through phase. And we must understand in which phase the stock is in to enter in disciplined way. You might see a strange thing in the image.That is the stock below is moving in a calculative manner. If we research,we will see that there are several strategy that can be applied to this stock for entry.
Here is a basic video about trendlines and moving averages explained in a common layman language. Still if you are not aware about the power of the moving averages and still struggling with the basic technical analysis then this video could be a good start to enhance your knowledge in basic technical analysis of any kind of stocks.
Here are the few factors which we notice in daily news papers and commercial TV shows which motivates investor to buy or falling in love into certain stocks. Also such factors lead to create a simple formula as shown below from the basic investor end who looks into newpapers and TV shows to looking for some cues to invest for the very first time. Here are some of the simple logic framed by basic investors
Nifty is in a consolidation mood for the past 4 months. Its not in the mood to give its game neither to bulls nor to the bears. But what could be a possible technical reason for such consolidation's. I took months charts of Nifty to explain such movements Chart shown here is the 2 year […]
An Introduction to Japanese Candlestick Charting By Erik Gebhard Introduction…a New Way to Look at Prices Would you like to learn about a type of commodity futures price chart that is more effective than the type you are probably using now? If so, keep reading. If you are brand new to the art/science of chart […]