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Understanding Stock Markets Better!!
Hi, This is Gaurav Verma and I trade in the Indian stock markets. I've created this blog to post my views on some stocks that I follow and the market trend in general. Technical analysis forms the base for all my trading decisions.Also I will post links to some interesting reading material in regards to understanding the stock market. Disclaimer:These are just my personal views and I am not responsible for any trading decision or any profit or Loss made with the help of this information.
Sunday, December 24, 2017
Saturday, June 21, 2014
Saturday, November 30, 2013
Sunday, October 9, 2011
SBI
Saturday, September 24, 2011
How much Money did I lose in Dollar Rupee Trade?
Friday, August 12, 2011
Gold
Gold (2009-Till date)(Click the image to enlarge)
Above is the chart of Gold from 2009 onward. I have made it smoother by drawing straight lines.If you see gold is moving as a step up from the beginning of 2009 and the up move will continue till the starting point of step up is broken which is currently at 1460$
I believe no one knows where the gold is headed but these patterns help you to enter and be with the up move till it lasts.So if you wanna buy you can buy and hold with the condition that you will sell gold if it goes below 1460 $ which is the starting point of current step up.
So if we buy at current levels the above strategy is useful because with losing only 300$ you can be a part of gold up move which could be 500 or 2000 $ or anything.Also if gold goes down from here by paying only 300$ you will be getting out of Gold knowingly gold could go much lower from here.
I believe many people are getting interested in Gold currently due to recent up move.You can't make big money in something when everybody around you is interested in that.Just think of a Indian Stock Market in late 2007,everybody was interested in stocks and people made some money before getting stuck in the big down move.
The big money is made in buying something only when no one is interested in even talking about it one such example could be be stocks at current levels.
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