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Quote:Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of having to experience uncertainty.” - Ed Seykota
 
 
 

How to Read the Technical Chart

 
 By Vineet Kumar
1.EMA'S : IF SHORTER PERIOD EMA IS ABOVE LONGER PERIOD EMA, DON'T  
               SHORT.BE ON THE BUY SIDE & VICE VERSA.
2. STOCH : BUY WHEN STOCH IS IN OVERSOLD ZONE OR RISING & VICE VERSA
3. RSI : WORKS LIKE STOCH. SHOULD LOOK TO SHORT IF RSI IS ABOVE 80 & 
           BUY IF RSI IS BELOW 20
4. PARABOLIC SAR : WORKS ONLY IN TRENDING MKT. AVOID IT IN VOLATILE
                                 TIMES
5. OTHERS LIKE MACD & BOLLINGER BANDS ARE ALSO USEFUL
6. INTRADAY CHART PATTERN OF NIFTY ALONG WITH SUPPORTS &
   RESISTANCES ARE ALSO IMP. TO WATCH
THANKS...

 

Do you want to tell others how you are using the technical chart, pls mail us your way of trading... to umesh@dhavin.com
 

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