POWER of Technical CHARTING
with LIVE Example -
Charts are graphical displays of price information of
securities over time and easily spot Patterns and trends. If we summarised the
defination of ‘Chart Patterns’ we
conclude that “History repeat itself”
and the theory behind the same is based on this assumption that certain
patterns consistently reappear and tend to produce the same outcomes.
There
are hundred of ‘studies & indicators’ an Investors/Traders tend to be used very carefully after taken into
consideration for any trading activity and it’s nearly impossible to decipher
every indicator in a moment. Here I found a very good and simple
combination of Indicators to find the right direction of the Market/stock/commodity,
these are –
·
RENKO / PSAR / SUPERTREND /
VORTEX / ADX / STOCH / RSI / MACD
*As all the information of these indicators are
available online so I believe ‘Investors’ are already aware of the same thus I
can’t go with the full details.
So
please find below the daily ‘Technical
Chart Pattern’ of LUPIN share as on 01.01.18 which closes at 883/-
level, while applying the analysis, all
above indicators looks positive on the charts and according to the same it will
tend to move in upside direction in coming days to come until unless closes
below 850. Here’s the indicator wise analysis –
RENKO - Block taken is 5 points, POSITIVE trend
PSAR – Taken (0.02) below
the Line is POSITIVE trend
SUPERTREND – Taken (7,3),
POSITIVE trend
VORTEX – line above 1.1 is
POSITIVE trend
ADX – seems to be ‘Strong Trend’
- POSITIVE
STOCH – Taken 14, POSITIVE trend
RSI – above 50, POSITIVE trend
MACD - POSITIVE trend
Chart as on 01.01.18
These Indicators give you the ‘direction’ of the trend which
is of great accuracy and exit point is when more than 3 indicators becomes
negative.
Chart as on 01.01.18
As you seen the shares price as on 19.01.18 is
gone up by 925/- level and still the
charts are on upward trend but ADX indicates slightly down trend would be
happen in near term. So safe Investors will book profits and hunt for another
strategy.
Dear Guys, here our purpose is to educate you to “Invest
wisely” in the Market with the simple technical study of CHARTING while
applying these indicators. It’s highly recommended not to trade the same without any proper guidance and
understanding of these indicators also ask
your financial advisor before you enter any trade with real money.
Remember - “PRACTICE MAKES A MAN PERFECT”
