Why Learn Technical Analysis

Hi friends,

                  I have been writing this blog for many years now .Due to my writings on blog

i got many opportunities to interact with investors and traders.

I have come across traders who trade on gut feel ,Tape reading ,Technicals and few tukka(fluke) traders too,Still a large chunk of traders depend on news and tips from other sources ,By other sources i mean

tips given on social media ,on tv and even on sms ,These tips can't be trusted fully till one follows them 

and analyses their success ratio.

I always advocated about learning technical analysis ,As it gives trader confidence and logical reason

to go for the given trade,Even if you don't wanna get deep in technical analysis ,You should at least

go through the basic technical course .

A course which equips you with knowledge of how to see chart ,How to spot support and resistances

Trend lines etc,You would be sure after this course that you can analyse a given trade whether to go for

it or avoid it.

Their is no short cut to success.

Stock market is a serious business

many take it as gambling as they 

don't have the knowledge for it.

You need to have an edge above 

others to win in this hence 

technical analysis comes in to 

picture.I have in past helped

many traders and investors

to learn Technical analysis

Of course I take fees for it ,Free lunches don't serve the purpose,For seasoned traders i take Advanced

Elliottwave course which hones them with skills which help them to spot an opportunity before it occurs

and catch it and sit tight on it till favorable move happens .If you are interested to know more about

these courses do mail me at rishrich at gmail dot com do mention  subject as technical analysis.

Regards

Rish 

 

Banknifty wave structure

Hi friends,

                 Banknifty has been moving in range for quite sometime.

Let me put the daily chart to show the sideways move.

Now lets see the sideways move closely its been spending time in the range as we reach

towards end of elections and near exit poll and eventually results on 16th.

Let me put the lower time frame chart to see sideways move closely.

From the chart we can see

abcde move is over

and abc move is on 

now if banknifty trades

below 12977 it would

fall towards 12700

falling in c wave if it doesnot

fall below 12977 and goes 

above 13100 ,I would have

to reconsider this count.

Lets see how banknifty moves tomorrow.

Regards

Rish 

Nifty starts c wave

Hi friends,
                   I had posted about nifty structure yesterday .
Nidty did a time consuming sideways uppish b wave and today
started c wave down lets see the chart.

By going below a low
its confirmed that c down
has started and logical
target comes near 6600-6580.
I expect slow drop the way
it has happened over last
5 days.Lets see how nifty does
this c wave .




Overall nothing big has happened yet nifty after rally is consolidating looking
for clues from elections.
Regards
Rish

Nifty wave structure

Hi friends,
                   Nifty continues to slide down slowly ,Few stocks continued there correction
and few maintained their rise result nifty showed very little move and almost remained
sideways,I expect the
yellow line move in coming days
either nifty can remain sideways
or should move in yellow line
structure.Overall the time consuming sideways structure suggests everyone is confused
about election or are scared to
take positions today even volumes were low ,We are in for exciting move in some time.

Be attentive and track IT stocks closely.

Regards
Rish