In a previous post I had explained the concept of moving average as a technical tool to understand share price movement and make predictions. I had showed how when a shorter term moving average intersects a long term moving average from below then it is a bullish signal. When a shorter term moving average intersects a […]
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This write-up is a demonstration of concepts of Support (S) & Resistance (R). We choose REC as an example. We will examine whether the concepts of S and R are useful in terms of predicting future movement in stock prices. Figure 1 On 11.8.2009, from a support level of Rs.183, share price of REC faced […]
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