Monday, August 13, 2012

Applied & Objective Technical Analysis - the Basics.

Dear Gauresh Panchal....Many, many happy returns of the day.
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Beginners as well as the drifters would do well to focus on these two studies to make their trading life rewarding as well as satisfying. The intention here is to demonstrate that the basics are good enough to deal with the markets efficiently.
Trendlines: Read here
Follow this simple strategy in all your trading/ investing strategies and let it be part of your plan. The tendency to ignore is strong here as it is the "simplest one". One should call it the "supply-demand equilibrium Line". After all, our, traders' job is to exploit the imbalances in demand & supply.
Trend Following: Read Here
This is the oft-repeated statement of most experts in stock market field and oft-ignored by the "hurrying-kind" who outnumbers the disciplined. Change your side soon to become a habituated winner.
How could you have applied these two basic, simple to comprehend strategies in recent times.. and in the coming days? There are minor trends and major trends. For the "glued to the screen trader", even an hour would look like a major trend unfolding.
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Major trend(UP) indicating channel support is @ 5305 while the minor trend (Up by channel/Down by avgs) struggling below 21 & 34 Hr sma.
We'll focus on the Day and Hour to make it simple and easy to follow to
get rich slowly and quietly.


44 comments:

San said...

Good Morning Ilango Sir and Friends

Death Cross - Tata Motors: CLICK HERE

San said...

NIFTY , VIX and SBI Updates: CLICK HERE

Nilesh Patil said...

Good Morning Master & Friends

Nilesh Patil said...

Wish You Many Many Happy Returns Of The Day Gauresh Panchal Sir,

Prabakar said...

Namaste Ilango Sir and JN Family

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Many many happy returns of the day Gauresh Panchal Sir.

Rgds
Saravanan

sandeep said...

gm master, dr sir n all

Prabakar said...

Dear Ilango Sir, IT(Ramdas Pai), PS, Gauresh Sir and JN family for your wishes and blessings on my birthday.

sandeep said...

happy bday Gauresh Panchal have great day

Prabakar said...

Dear Gauresh Sir,

Many More Happy Returns of the Day.

Prabakar said...

Dear DR Sir,

Our JN families prayers and wishes for your speedy recovery.

cooldent said...

Happy Bday Gauresh Ji!!

Bhushan said...

Good morning Gurudev and friends

Happy birthday Gauresh sir!

viji1975 said...

Good Morning Sir & Blogmates

Many many happy returns of the day Gauresh Panchal Sir

Regards

K P Singh said...

Wish You Many Many Happy Returns Of The Day Gauresh Sir,

shazra said...

Wishing a very happy birthday to Gauresh Sir.

Parimal said...

Namaste Dear Sir and all friends
Have a nice trading day
Happy birth day to Gauresh-bhai

Yash and Dhan said...

Namaste Sir and dear blogmates.
Many happy returns of the day to Gauresh Sir. He has been very influential in improving my trading and motivating by his nice quotes.

Prabha Gopalkrishna said...

Many many happy returns Gauresh Sir.Belated happy birthday Prabakar.
My prayer and good wishes for you speeedy recovery DR Master.
Thank you Master for guiding us in every-path of life.

amber said...

SIR ILANGO JI GOOD MORNING

Smita said...

Goodmorning Ilango sir and JNfamily ,

birthday wishes to Guresh sir .
rgds

Smita said...

DR sir , I hope you are doing alright and will be back soon .

durga said...

good morning .
dear GAURESH, many happy returns of the day
your quotes have life. celebrate life .

ALBELA HOUSE said...

R/Ilango Sir Namaste n Namaskaar 2 all reader's.

sushil said...

good morning master and blogmates

sudharsan said...

Good morning Master and friemds...Many many happy returns of the day Gauresh Panchal Sir

parminder said...

Master ilango and friends,
Good morning to all.
Happy Birthday Gauresh, wish u many happy returns of the Day.
☺☺

saravanan k said...

DR Sir,

Get well soon, My prayers for your speedier recovery.

Rgds
Saravanan

Suraj said...

Goodmorning Ilango sir and JNfamily ,

Birthday wishes to Guresh sir .

Regards
Suraj

Hari_Hyderabad said...

Good morning master & JN family

Have a nice day !

Prithvi said...

GOOD MORNING FAMILY,
HAPPY BIRTHDAY GAURESH SIR,

meignanavel said...

sir, pls update 21 & 34 hrs data

SANPOT said...

Good Morning Ilango Sir and Blog mates.
Dear Gauresh, wish you a very Happy Birthday.

Prabakar said...

It seems NS taken support at today's Pivot 5315..
Both 5300 & 5400 Put and call writers fighting at early trade. let's see...

SJkolkata said...

Sir,
Developing JNSAR for tomorrow ?
Regards and Thanks

gkm223 said...

5216(ns) gap should be filled very soon.

Ilango said...

21 hr sma-5332
34 hr sma-5324

JNSAR-14th-5294.

sushil said...

Wish You Many Many Happy Returns Of The Day Gauresh Panchal Sir

sanyasho said...

Good Morning Ilango Sir and Blog mates.
Aggressive Trade <<< 5255 << 5315-25 -- 5350 -- 5365-5385 >> 5405 ++ what does it mean?
Does it mean, buy at 5315-25 and stop loss at 5255 for the target of 5365-5385 as the ST is UP. Then what about the short. Kindly clear my doubt.



nifty rider said...

X 5033
A 5244
B 5166
C 5372
D 5295( till now)
E pending...

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