Disclaimer


The author is a SEBI Registered Research Analyst (INH000004796) and a NISM certificate holder in Equity Derivatives Market. The certification is provided by National Institute of Securities Markets.

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Sunday, March 26, 2017

How Trend Lines, correctly drawn, can make you money??


As a trader who jumps into trading first time, life can be hard. There is a jungle out there and the pressure to succeed does not make it easier. Add to it the masala of Social Media which can confuse even further.

After trading for some time now and pouring over many indicators, I have learnt that the humble Trend line does the job perfectly.

What do I mean?? I am of the view, at least when it comes to Technical Analysis (TA) that charts are everything.

Here are some charts which I had put on my  twitter handle (varun550@blisstrades). The charts are pulled up by me using a proprietary indicator which I use and then applying TA on them.

The idea is to catch the stocks which exhibit momentum and jump on them for a buck or two. (Sometimes can be pocketful too). Here the moot point is not where I have caught the stock to ride it. Many must have caught it way before. The idea is to study how a simple tool like a Trend Line can do wonders to your TA skills.

Some charts:



 And the subsequent PA was a 4% move. And since its a weekly chart, more gains can follow.




As can be seen, price has now breached the second falling TL also.



Stock at 422 now!!








There are many more charts on my Twitter handle which you can use as your learning.

Now the next part is ... How to draw a Trend Line.

As can be seen from majority of my charts, I use at least 3 points to draw a trend Line. More the better!! I am not sure of any proof which says how many points to use to draw a TL but the basics which I use are follows:

1) The TL should be drawn using at least 3 points/touches.
2) Join the highs of the candles not  closes. Do not try to fit a TL.

I hope I was able to convey what I wanted do. Please feel free to follow my Twitter handle for more TL examples.

Mail me at varunspeak@gmail.com for any clarifications, discussions on charts.

For my free Telegram Charts u can join here: https://t.me/blisstrades

For Picking momentum stocks by scanning stocks, one can visit: http://imojo.in/8jxij7



Wednesday, February 01, 2017

Technical Analysis Workshop!!


Technical Analysis Workshop!!
Date:- 24th & 25th Feb 2017
Timings:- 9.30 am to 6.30 pm
Venue:- Mumbai (Location will be updated soon)
Fees:- Rs.14000/- (Rs.5000/- as registration fees to be deposited on of before 10th Feb)
COURSE CONTENTS:-
Introduction to Stock Analysis
How to see what is there on the charts and remove bias and become an effective analyst
Why not everyone can be a Technical Analyst??
CandleSticks and CandleStick Patterns
1. How candlesticks are formed and how can they be used??
2. How to use candlesticks to spot bullish or bearish setups??
3. Most important candlestick patterns and how to spot and use them!!
Moving Averages / Moving Average Convergences 
1. What are moving averages??. Which set of Moving Averages give the best result??
2. How to make use of MAs practically??
Price and Volume Analysis 
1. Price and Volume relation. What can be figured out using this relation??
Higher Tops Higher Bottoms / Trend Formations 
1. Identifying strong trending markets using Dow Theory
2. How to scale up positions using dow theory.
Technical Patterns 1
1. Types of channels
2. How to carry out channel trading??.
3. Best channel set ups!!

Technical Patterns 2
Double Tops / Triple Tops
How to identify the above and find out what is happening from the charts!!
Technical Patterns 3
– Flags/Pennants
1. How short-term trading can be done using continuation patterns like Flags and pennants.
2. Target Calculations using the above pattern
Technical Patterns 4 
Triangles and various types
1. How to use the above pattern for effective trading??
2 Target calculations
Technical Patterns 5
Cup and Handle
1. How to spot whether cup and handle is forming??
2. Target Calculations
Fibonacci Retracement Levels:-
1.How markets reverse from Fibonacci levels
2. Using Fibonacci levels for effective trading and target calculations.
Head and Shoulders and Variations 
1. Various types of head and shoulder formations!!
2. Which one to use and which to avoid ??
3. Target Calculations
How to scan stocks using Metastock and find winning stocks??
In this section discussion we will be discussing one method using which we have made good money. This method will filter out stocks which are making highs as per Dow theory and trade on that information. This is a proprietary indicator and uses discretion.
How to use RSI: A different view!!
In this section we will discuss how RSI can be used more effectively and differently from how it is currently used. This method can be used on any Time Frame but will produce best trades on longer Time frames.
For more details kindly contact me on below-mentioned contact number and email ID
Varun Danturthy
+919975055677
varunspeak@gmail.com
@blisstrades

Tuesday, January 31, 2017

This is how #DRL is poised!!



The stock is consolidating in narrowing triangle and has bounced off many times from Weekly 200 EMA. Does the breakout look imminent? Watch out for rise in volumes... A close above the falling trend line will be very interesting!!