Technical Analysis

By : Nitin S Gupta

Why Technical Analysis ?

Two Approaches

• Either track everything else - fundamental factors - how is the economy performing - how is the industry performing

Make a correlation effect of how all this will affectStock prices …………..

or…………

• Either track stock Prices – technical analysis do that.

Do Stock Markets Lead the Economy ?

Stock Prices Peaking ahead of Economy ?

How can a layman use technical Analysis to his benefit ?

Knowing the Trends/Directions

Short term

Medium term

Long Term

Direction Known ?

How to Trade it ?

Trading the Direction…….

Some other indicators that can be used

Moving Average Convergence Divergence (MACD)

Relative Strength Index ( R.S.I)

Stochastics

Some sites that can be looked upon for initial technical analysis knowledge

• http://stockmaniacs-tutorials.blogspot.com/ • www.investopedia.com• www.sudharshanonline.com• http://practical-ta.blogspot.com/• www.traderji.com• http://in.finance.yahoo.com/q/ta?s=^NSEI&t=5d

&l=on&z=l&q=c&p=e233,e377&a=&c=

• http://in.finance.yahoo.com/q/ta?s=^NSEI&t=3m&l=on&z=l&q=c&p=e8,e13,e34,e55&a=&c=

Thank you

Open for questions……