In today's episode, we are going to learn about curved trendlines from Sanket Thakar which will help us get early entries and exits in the markets.
You may have used flat trendlines in the past. These are one of the simplest tools in technical analysis. They help us to identify trends in stocks commodities currencies or any other asset.
But flat trendlines are not powerful always. When stocks are raging higher trendlines must be redrawn to keep up the pace with stocks. That’s where a curved trendline or parabolic trendline comes in to picture.
A trend line is a straight line that connects two price points. A curved trendline requires three price points.
Sanket shares simple rules to draw curved trendlines on a price chart. He then delves deeper into the charts and shows us how to draw curved trendlines. He talks extensively about Nifty and RelianceIndustries to explain the concept.
We are certain that once you see this episode you will become a fan of curved trendlines.
Enjoy..!!
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Timeline:
0:00 Introduction
10:06 What is a Parabolic/Curved trendline and its advantages
14:07 Rules of Curved trendline
16:58 How to draw Curved trendlines explained with an example of Reliance?
46:15 Highlights and a glimpse of the next episode
About Sanket Thakar:-
Sanket Thakar is the founder of ‪@alphabotcapital7892‬. He has been taking an active interest in the market since he was 14. He has more than a decade of experience in the markets.
He has been trading on his own capital ever since he graduated from college. He also managed clients’ accounts since launching his own company in 2019.
He is a Chartered Market Technician (CMT). Sanket has worked for institutions in 2018 where he managed a portfolio with an exposure of Rs 300 CRS.
Currently, he is focusing on running his firm Alphabot Capital where he manages his proprietary desk and even teaches technical analysis to students. He loves to play football and listen to music in his spare time.
About The Right Choices with Oracles of Dalal Street :
The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Chief Markets Editor at Samco. He has more than 11 years of experience in financial markets.
Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.
Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our KZfaq channel.
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