Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Technical analysis: Bhanu bhaiya series..Learn and earn no offence

2 min read

 

After the huge losses in vishal exports our beloved panwala,Bhanu bhaiya is in no mood to give up stock markets rather with a new avtar he is determined to learn the nomenclature related to technical analysis as one gundia bhau who hails from the same place of his village has made crores with help of the money machine so called "technical calls".Bhanu bhaiya with his clichy smile sat beside me and on his sombre voice slowly delineated how eager he is to meet the guru of gundia bhau and how that guru will help him to master the preposterous art of support/resistance levels,the proem of technical analysis.

On a fine evening,Bhanu bhaiya started with his own dehati accent,babua hum technicalwa pura sikh jaunga gaba sahib se.I understood gaba sahib is the guru of the veteran gundia bhau and with his reference bhanu bhaiya will visit the master itself.Bhanu bhaiya procceded, babua tohre ko pehle se hi kehdoo ki gabaji ka siksha hum tohre ko muft mein sikhadunga.Chal ab mereko jana hain gaba ustad ke pas,laut tehi tereko bataunga ki kya kya sikha maine.I was so happy about bhanu bhaiya and I wished him good luck and the very best .Bhanu bhaiya with a smile went away.

After couple of hours my door bell rang.On opening the door I saw our tanned bhanu bhaiya and after exchanging few words I got what has happened.Below given is the interaction between technical master gaba and our bhanu bhaiya.

1)Bhanu you buy himachal futuristic as structure is looking good.Buy at 30 Put 28 stop loss and short term target is 32.hehehehe….hehehe…bhanu bhaiya started blushing…Master gaba without knowing the reason behind the “dictum” ask bhanu abt it.Bhanu bhaiya cheerily answered gaba sahib yeh ap katwa(Katrina kaif) ka figurewa boling ki himachalwa ka levels.Gaba sahib looked into the sky.

 

2)Look bhanu pls concentrate.Now the market has formed a “Doji”..Bhanu bhaiya quickly reverted back,”Kya do”..Abhi to apne sikhana suru hi nehi kiya itne mehi paisa mang rahe ho..Gaba sahib tried his best to mk aware bhanu about the technical term but the efforts gone in vain.

3)Bhanu,Let me show u “head&Shoulders” now.Bhanu bhaiya got awe strucked..nodding his head he shouted,”Shampooa ka nam mat le gaba ..Hum itna sikhna chahta huu and tu apne sath majak kar raha hain suor.Bhanu bhaiya got very angry then.

4)Gaba master with his bald head has started sweating big time now.He calmly said bhanu pls give me a chance.Bhanu said “hmmm”…and gaba this time rather than spking went to his blackboard and started writing,”MACD…before gaba could procced.. Bhanu bhaiya became wild with rage and with bit of salacious stuffs added….kamina….”MA film ka CD” hamare gau mein bohut hain…tujhe bhima ke pas leke kima banadunga…gaba with huge sigh chanted some words which sounded like…”Samajte nehi batko ajate hain ratko”…

5)Gaba master is helpless now and not coping with bhanu bhaiyas words he has made his pants wet…Gaba in a very low voice with some stammering went on to say, bhanuji,apko “V” formed pattern ke bare mein malum hain?…Bhanu bhaiya went out of control and hurled gabaji by throwing his “woodland ka hawai”..Before moving out of the house he stripped his shirt and showed his back to helpless gaba master..Yeh dekh “V” shape pattern…kamine,”CHILE HUE ANDE,BINA CHAT KE MAKAN”..some more frowzy words got spoken which I cant put on…afterall slangs too have got support levels…lolz…

Regards,
ARUN
I can be reached at:-a runanalyst@rediffmail.com

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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