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How To Read Stock Charts Without Getting Confused?
Have you ever tried to make a trading decision based on a chart pattern like the Head and Shoulder Pattern or Triangle Pattern or Cup and Handle Pattern, only to discover that other traders saw the pattern differently? It can be incredibly frustrating and confusing, not to mention risky. Chart patterns depend on so many variables and can be subject to individual interpretation, making them unreliable as a basis for trading decisions.
But hold on! Prateek Singh is here to teach you a new and better way to approach trading. By learning to read market psychology and how supply and demand form chart patterns, you can ditch the guesswork and trade with confidence!
00:00 Should you REALLY use chart patterns?
01:02 How Supply & Demand Translate on a Price Chart?
03:24 How to Identify Swing High and Swing Low?
06:33 How to Identify Trend Reversals?
08:00 Example #1 Nifty IT
10:06 Example #2 Bandhan Bank
10:45 Example #3 Reliance Industries
11:40 Example #4 Nifty Auto
12:31 Closing thoughts
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