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Technical Analysis
Technical Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Perspectives of TA ,[object Object],[object Object],[object Object],[object Object]
Dow Theory ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Dow Theory contd.. Revival of Market Confidence Phase -1 B 1 B 2 T 1 T 2 T 3 Good Corporate Earnings Phase -2 Speculation Phase -3 PEAK ● ● BULL MARKET PRICE Days
Dow Theory contd.. Falling trend line Flat trend line Rising trend line Trend Line Days P R I C E X Y
Tops Bottoms ABORTIVE RECOVERY SECONDARY MOVEMENTS UPWARD PRIMARY TREND DOWNWARD PRIMARY TREND l + x l + z TRADING DAYS CLOSING PRICE DOW THEORY SIGNALS Line Chart
Point Figure Chart 0 = Sell X = Buy Up Flag Down Flag Point and Figure Chart x x x x x x x x x x x x x 0 0 0 0 x  x 0 x 0 x 0 0 x  x 0 x 0 x 0 x  x  x 0 x 0 x 0 x 0 x  x 0 x 0 x 0 x  x  x  x x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 0 0 0 0 0 0 0 0 x x x 0 x 0 0 0 0 x 0 x 0 x 0 x 0 x 0 x  x  x x x 0 x 0 x  x 0 x 0 x 0 x 0 x 0 x 0 0 0 0 x  x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x  x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x 0 x 0 x 0 x 0 x 0 x  x 0 x 0 x 0 x  x  x 0 x 0 x 0 x 0 x  x  x x x 0 x 0 x  x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x x x x
Charts ,[object Object],[object Object],[object Object]
Price Patterns ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Triangles Connecting Lower tops 300 200 400 500 Jan 97 Jan 98
NECKLINE   Fig. Chart Patterns BOTTOMS   SAUCER   BOTTOMS   INVERSE HEAD ANDSHOULDERS  BUY   FULCRUM   V BASE   COMPOUND FULCRUM  V EXTENDED   DUPLEX HORIZONTAL BOTTOM  DELAYED   ENDING   BOTTOMS   DELAY
TOPS INVERTED SAUCER  TOPS HEAD AND SHOULDERS   SELL   NECKLINE   INVERSE FULCRUM   INVERSE COMPOUND FULCRUM  INVERTED V INVERTED EXTENED   DELAYED ENDING TOP   DELAY   DUPLEX HORIZONTAL TOP   Chart Patterns
P R I C E DAYS SHARP DECLINE FAST REVIVAL V – SHAPED REVERSAL Zee Telefilms Jan98 Jan99 100 200 300 400 500 600 700 800
Double Top P R I C E DAYS P R I C E DAYS Double Bottom X Y
Breadth of the Market ,[object Object],[object Object],[object Object],[object Object],[object Object]
Theory of Contrary Opinions ,[object Object],[object Object]
Theory of Contrary Opinions ,[object Object],[object Object]
Stochastics ,[object Object],C-Latest Closing Price L- n periods low H-n periods high
Stochastics contd.. ,[object Object],[object Object]
 
 
Oscillators ,[object Object],107.14 1540 429 1650 600 6 115.94 1511 511 1752 550 5 139.73 1334 600 1864 500 4 174.32 1184 400 2064 702 3 - - 334 - 662 2 - - 450 - 700 1 3-Day Momentum Index A/D*100 3-Days total of Declines (D) Declines 3-Days total of Advances  (A) Advances Day
Elliot Wave Principle ,[object Object],[object Object],[object Object]
The Elliot Wave Principle

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Technical Analysis

  • 2.
  • 3.
  • 4.
  • 5. Dow Theory contd.. Revival of Market Confidence Phase -1 B 1 B 2 T 1 T 2 T 3 Good Corporate Earnings Phase -2 Speculation Phase -3 PEAK ● ● BULL MARKET PRICE Days
  • 6. Dow Theory contd.. Falling trend line Flat trend line Rising trend line Trend Line Days P R I C E X Y
  • 7. Tops Bottoms ABORTIVE RECOVERY SECONDARY MOVEMENTS UPWARD PRIMARY TREND DOWNWARD PRIMARY TREND l + x l + z TRADING DAYS CLOSING PRICE DOW THEORY SIGNALS Line Chart
  • 8. Point Figure Chart 0 = Sell X = Buy Up Flag Down Flag Point and Figure Chart x x x x x x x x x x x x x 0 0 0 0 x x 0 x 0 x 0 0 x x 0 x 0 x 0 x x x 0 x 0 x 0 x 0 x x 0 x 0 x 0 x x x x x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 0 0 0 0 0 0 0 0 x x x 0 x 0 0 0 0 x 0 x 0 x 0 x 0 x 0 x x x x x 0 x 0 x x 0 x 0 x 0 x 0 x 0 x 0 0 0 0 x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x 0 x 0 x 0 x 0 x 0 x x 0 x 0 x 0 x x x 0 x 0 x 0 x 0 x x x x x 0 x 0 x x 0 x 0 x 0 x 0 x 0 x 0 x 0 0 0 x x x x
  • 9.
  • 10.
  • 11. Triangles Connecting Lower tops 300 200 400 500 Jan 97 Jan 98
  • 12. NECKLINE Fig. Chart Patterns BOTTOMS SAUCER BOTTOMS INVERSE HEAD ANDSHOULDERS BUY FULCRUM V BASE COMPOUND FULCRUM V EXTENDED DUPLEX HORIZONTAL BOTTOM DELAYED ENDING BOTTOMS DELAY
  • 13. TOPS INVERTED SAUCER TOPS HEAD AND SHOULDERS SELL NECKLINE INVERSE FULCRUM INVERSE COMPOUND FULCRUM INVERTED V INVERTED EXTENED DELAYED ENDING TOP DELAY DUPLEX HORIZONTAL TOP Chart Patterns
  • 14. P R I C E DAYS SHARP DECLINE FAST REVIVAL V – SHAPED REVERSAL Zee Telefilms Jan98 Jan99 100 200 300 400 500 600 700 800
  • 15. Double Top P R I C E DAYS P R I C E DAYS Double Bottom X Y
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.  
  • 22.  
  • 23.
  • 24.
  • 25. The Elliot Wave Principle