They say "If poetry does not come as leaves to a tree, it may as well not come" My poetry is more like prose in poetry than literal poetry but they are my spontaneous thoughts. One does not always have to be conventional
When the market is bullish all are interested- friends, siblings, aunts and uncles
To avoid indiscriminate decisions, one should try and get them interested in Technicals
The most important thing in Technicals is to know and improvise your reading
On where the market is heading
To know whether the market/stock is trading or trending
One must master the signals that the graphs are sending
The market being supreme, to ensure a happy ending
To the market one has to be surrendering whether or not one likes bending.
If the market is trending, the most important indicator is the ADX*
Its role in determining unpredictable trends is as explosive as RDX***
( ADX = Accumulation distribution index, RDX- explosive)
One can also opt for the Vertical horizontal filter
To ensure that in reading the market, one does not falter
All the above must be supported by the crossover of the trendline
Which to date remains the most basic tool to determine stock advance or decline
To know which way the stocks will twist and turn
One has to master many a price pattern
To support the above, in most instances
One shall have to look at previous Supports and Resistances
Among the analysts, it is a rage, among many it has got the brightest image
If the markets one has to correctly gauge, nothing beats the moving average
If you want to go beyond the above which to trending is ABCD
You must probe and master the MACD
If a trading market confuses and makes you a vacillator
You must look at the stock market oscillator
Oscillators apprise you about momentum
Which indicate the Trend change speed’s quantum
Prime among them is the Relative strength index
Though not known for reflex, it is reliable for analyzing stocks, nifty and sensex
Next known oscillator is the stochastics
Unlike RSI, it is highly reflexive and indicative of short term stock gymnastics
Despite all the above analysis, a winning trade one cannot assume
In fact trading is something one should not begin or resume
If the price action is not supported by volume
Otherwise ,one may disappointingly fret and fume
Last but not the least is the stock and market Volatility
Which more than any thing else indicates short term success probability
Fundamentals enable you to buy, Technicals enable market timing
With a dexterity that matches my rhyming
Technicals enable efficient exit and entry
One need not depend TV channels or other commentary
It would not be out of place to mention Money management and Risk
Not knowing that can make losing money in the market feverishly brisk
More if not equally important than technicals is Trading Psychology
Ignorance of which can make trading deceptive and dodgy
If you know how to monitor the activity of bulls and bears
A sound knowledge of Technical analysis can avoid reducing you to tears
To sum up, the market comprises of sincere people., scam stars and rascals
Everything is visible on the charts, you cannot afford not to know Technicals
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