Points to remember from 10th June session

Major analysis before making any investment decision -

Technical analysis examines and predicts price movements in the financial markets, by

using historical price charts and market statistics. It is based on the idea that if a trader can
identify previous market patterns, they can form a fairly accurate prediction of future price
trajectories.

Fundamental analysis evaluates the intrinsic value of an asset and analyses the factors that
could influence its price in the future. This form of analysis is based on external events and
influences, as well as financial statements and industry trends.

Company analysis is a process carried out by investors to evaluate securities, collecting info
related to the company's profile, products and services as well as profitability.

In technical analysis, a candlestick pattern is a movement in prices shown graphically on

a candlestick chart that can predict a particular market movement. The recognition of
the pattern is subjective and programs that are used for charting have to rely on predefined
rules to match the pattern.  

Fight between buyer and seller gives rise to the candlestick pattern.

Technical analysis is same worldwide.

Fundamental analysis may vary.

Green denotes bullish.

Red/White denotes bearish.

Volatility- fight between bull and bear.

Ticket number to ensure tracking in case of any issue.

Market watch- How long back has the market opened.

TP= take profit
SL= Stop loss

Taking sell- market should come down

Taking buy- market should go up

Jesse Livermore - If you are not ready to take a SL, stop trading, you can never learn.

Buy
TP above price
SL below price

Sell
TP below price 
SL above price

Support (Demand zone) - place where market move back to upward position 
Resistance (Supply zone)- place where market go to downward position

Price flip areas – where Support becomes Resistance and Resistance becomes Support

These are important to decide where to enter and where to exist

and to find trends.

Identifying Support and Resistance

 Traditional method– drawing horizontal lines manually

 Modern method– pivots, fibo, indicators, etc

Buy
Support - Stop Loss
Resistance - Take Profit

Sell
Resistance - Stop Loss
Support - Take Profit