My post about How to Do Technical Analysis few days back gave lot of response and feedback to me.
The feedback I received has 3 broad categories.
- Great 🙂 . Your post is great and has helped me learn something new
- Not So Great 🙁 . You have taken only very little aspect of technical analysis
- Need more …. Can you show us some practical examples about the application of the same?
Great response always feel good but the not so great aspect of it is also true where I have demonstrated one way of looking at charts and there are numerous other ways of looking at it as well and I will try to make it as simple as I can and will try to share them in future soon.
The third type of response which is what I liked the most. Need more.
This set of people want to definitely want to learn from history but they are more practical and also want to see a practical application of it based on recent data and not historical data.
So here I am today presenting you not only a practical example of technical analysis but my trading is also inline with the example discussed today but remember to read my disclaimer before taking any action.
You may be aware that one of my favourite stocks has always been Dish TV and I have almost doubled my portfolio quite a few times using it but today using the technical analysis theory we see the following.
Red Line was Above Green Line for quite a few months for Dish TV but today it has crossed down.
Now you know what you need to be doing from Technical Analysis theory – This is the best time to move out of the stock.
I have already applied what I have learnt and have you done the same yet? Share with us your success story of application of technical analysis.