you don’t need exhaustive technical analysis books to make money

November 1, 2018


By looking at Weekly chart of reliance industry,we can say that it was a aggresive rally for 7 weeks (approx two months).

Now price is dropping like it blew up exactly with the same momentum.Which is a very common price action trading setup.

See below the weekly chart.

Price Action trading course in Delhi


Now Look at the long transaction period of buyers and sellers in daily chart before it shoot up to the up side.It will give us the failr price where the buyers and selleres were interested to trasact before the more buyers came and price rallied.

Price Action Trading Course in Delhi


So, it can be said out to be a good level of demand because more transactions happened and buyers won the battle because of more relevent buyers came and spiked throuh out higher and higher prices.

Now where to look at buying?

when price retraces again the particular level of this area where the more transaction happend.To see the more transaction level or the equilibrium price of buyers and sellere, i am levelling the more tailed standard deviation of price with respect to distribution (It’s not hard to choose that particular level).The next chart will show you that level of interest for me.See below chart !!

Price Action Trading Course in Delhi,Demand and Supply trading course in Delhi


Look at the price i have drawn horizontal lines to show up demand zone/area of rs 923-942.

Keep visiting our blogs for more valuable information.You can also comment and write your views or any type of suggestions to make a new post.

The methods of technical analysis we apply to analyse any stocks direction is purely don’t need exhaustive technical analysis books to make money.

Know the difference between technical analysis and fundamental analysis.It will increase your probability of making money in the market.

We are solely dedicated twards our vision to make you a successful traders and we love to hear your feedbacks.





Note:- Above information is only for education purpose.Don’t treat it like any advice or singnal without going through your analysis.


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