After suffering substantial losses with Vishal Exports, our local betel shop owner, Bhanu, isn’t ready to give up on the stock market. Instead, he’s reinventing himself, determined to learn technical analysis. This resolve was sparked by the success of another villager, Gundia Bhau, who reportedly made a fortune using “technical calls.” With his characteristic grin, Bhanu shared his excitement about meeting Gundia’s mentor, hoping to master the challenging concepts of support and resistance levels, the fundamentals of technical analysis.
One evening, Bhanu started enthusiastically in his rustic dialect, declaring his intent to learn everything from Gundia’s guru, Gaba Sahib. He even promised to share all he learned with me for free. Later, as he left for his lesson, I wished him all the best.
A few hours later, Bhanu returned, looking weary. Here’s how his lessons with the technical master went:
- Gaba Sahib suggested buying Himachal Futuristic because of its promising structure, advising a purchase at 30, with a stop loss at 28 and a target of 32. Bhanu blushed, mishearing it as a compliment about an actress’s figure, which made Gaba Sahib look perplexed.
- As Gaba Sahib explained the “Doji” candlestick pattern, Bhanu misunderstood it as a demand for payment, since he thought his lessons had barely begun.
- When introduced to the “Head and Shoulders” pattern, Bhanu thought Gaba was joking about a shampoo brand, which annoyed him greatly.
- As Gaba tried to explain the MACD indicator, an angry Bhanu misunderstood it for a local slang about movie CDs, threatening to take drastic measures.
- Finally, when Gaba mentioned the “V” pattern, Bhanu lost his temper completely, throwing his sandal at Gaba and storming out after a misunderstanding led to more confusion and frustration.
Each attempt to teach Bhanu a technical concept ended in humorous, yet fruitless exchanges, highlighting the challenges of mastering stock market jargon.
