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Manoj Kumar, , Technical Indicators, golden mean-fibonacci, Moving average, RSI, Technical indicator
Technical indicators are mathematical calculations based on the price, volume, or open interest of a share used by traders who follow technical analysis.
By analyzing historical data, technical analysts use indicators to predict future price movements.
It doesn’t give decision making rights, but gives you the strength of the trend and based on supply & demand, price movement, we can take stand.
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
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Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Stock Trading is business, the success depends not just on capital or subscribing advisory services or participating workshops. The factors such as your awareness level about business, Efforts and your contributions, Smartness, Knowledge in analysis and trading instrument, availability of infrastructure and emotional control determine your success.
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Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro
Hi,
Your Question 1 :: Brief explanation about Moving Average
A simple moving average is formed by computing the average price of a stock over a specific number of periods. Most moving averages are based on closing prices. A 5-day simple moving average is the five-day sum of closing prices divided by five. Old data is dropped as new data comes available. This action based on only historical price movement. so, we can use it only for a support tool.
When the stock price trades above its average price, it means the traders are willing to buy the stock at a price higher than its average price as well as when the stock price trades below its average price, it means the traders are willing to sell the stock at a price lesser than its average price.
Your Question 2 :: How Golden Mean – Fibonacci sequence helps effectively
Fibonacci series is the sequence of numbers in which each number is the sum of the previous two numbers in the sequence. Fibonacci Series is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144,………….
Golden Mean is 1.618 Logic behind golden mean is the ratio of two consecutive numbers in fibonacci series is same for all the two consecutive numbers.
Example 1: 21/13=1.618 Example 2: 144/89=1.618
Follow the below instruction in which you can easily find these Fibonacci retracement levels,
First, find the recent significant Swing Highs and Swings Lows.
For downtrends, click on the Swing High and drag the cursor to the most recent Swing Low.
While for uptrends, do the opposite. Click on the Swing Low and drag the cursor to the most recent Swing High.
When you applying the tool, the software shows you the retracement levels automatically.
(Fibonacci retracement tool is available in eqsis chart, find and use it)