Global recession has undercut through the fault lines of Indian stock markets. FII are selling off the bourses and it has brought the stocks to a virtual landslide. Stocks with high-held head at 22000 are looking for safe nooks at around the 8000 levels. Market capitalization is at abysmal low and to add to the trauma, global cues are not getting any stronger.
In these dark times it becomes even more important to rummage through the technical analysis section of BSE/NSE before trading, investing or even speculating (we mean the quintessential day traders)
Technical analysis is the method of stock analysis either perfected by a stock expert or unassuming software with potential of grasping market clues. Technical analysis software’s can help a trader in exploiting the BSE and NSE for their diverse day trading and investment opportunities. These can be charting modules which align to methods of technical analysis and stock analysis. The software also helps in drafting the candlestick patterns. What’s more! The software provides terminus for trading in NSE listed stock and the unpredictable futures trading.
Let’s forget about the “too technical” aspect of technical analysis and center our thoughts on the largely fundamental plane. All of us know of the present market volatility in Indian market. It is funny how the ‘resistance lines’ are falling apart and ‘corrections’ have become elusive. We see ‘rallies’ but they are largely negative runs. ‘Circuits’ have become a common site given the consistently sorry hours of trading. In such times, stock investment needs a lot of grit and heart of steel but it also needs prior technical analysis advices.
Technical analysts may look for Fibonacci retracements and other technical dropdowns but they assist us in fundamental, layman based way.
Technical analysis talks about the largely expected direction of stock movement and recommends stop losses ands stop profits in advance. Technical analysis endorsements can enable a layman to decide whether to buy/hold/sell his stock. Such portfolio management by experts can yield great fruit in the long run.
The stock analysis methods can help a novice to understand the precision exit points for winning stocks. This way he can fully maximize sharp turns of a fledgling market.
The analysts track the stocks a person wishes to venture into, and then suggest precision entry levels. Technical analysis also teaches us the techniques of derivative training and asks us to make profit both while the stocks fall and the stocks rise.
There are groups providing high-class equity services. These provide new wave automated online services allowing the traders to become members and set their own terminuses. Panels of experts and technical analysis folks help in analyzing over 200 BSE scripts. The online trading system permits a trader to pursue the market through aligning to market watch, research tip receipt, stock alerts and real-time charts and news. The sites also ask you to trade any time-frame and generate few viable trading pips for you.
All these can help one trade in these tough times. Warren Buffet recently bought a lot of stocks on the falling Wall Street bourse. He proclaimed prophetically that “stocks is about being fearful when all else are greedy and being greedy when all else are fearful”
(Resource : Compilation from Some Internet articles)
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