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Disclaimer: This website is currently under construction. All content is for educational purposes only. No claims or warranties will be entertained. Please use the information at your own discretion. This website is a non-profit entity and is purely for educational and informational purposes. All videos or charts or graphs or links are duly acknowledged and appreciation as well as multi thanks goes to the respective authors. The website at present is fully self funded and no monetary based advertisement or sponsorship is involved.

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Sacred Symbols in Hinduism - A Visual and Spiritual Guide

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Bhagavad Gita - Lessons we can learn, use and guide us

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Ramayana - Lessons we can learn, use and guide us

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Mahabharata - Lessons we can learn, use and guide us

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Lord Krishna- The Supreme Godhead

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The Blue Print of Happiness - Love, Romance and Sex - Lessons and Challenges in 21st century

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Technical Analysis - Your Window to Better Trading Knowledge

Master the art and science of technical analysis to make informed trading decisions.

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History of Technical Analysis

Technical analysis traces its roots back to the 18th century with the development of candlestick charting by Japanese rice trader Munehisa Homma. In the West, Charles Dow laid the foundation for modern technical analysis in the late 19th century.

Key Historical Milestones:

  • • 1750s: Japanese candlestick charting
  • • 1884: Dow Theory foundations
  • • 1932: First publication of technical analysis methods
  • • 1960s: Computer-assisted technical analysis
  • • 1990s: Rise of algorithmic trading

Why Technical Analysis is Important

Technical analysis provides traders with a structured approach to understanding market psychology and price movements. Studies show that combining technical analysis with fundamental analysis can significantly improve trading results.

Success Rate Statistics:

  • • 65% improved decision making
  • • 42% better entry/exit timing
  • • 38% reduced emotional trading
  • • 55% enhanced risk management

Types of Charts and How to Read Them

Different chart types serve various analytical purposes. Understanding how to read these charts is crucial for effective technical analysis.

Line Charts

Shows closing prices connected by lines, best for viewing overall trends.

Bar Charts

Displays open, high, low, and close prices for each period.

Candlestick Charts

Most popular chart type, showing price movement and market psychology.

Candlesticks and Their Properties

Candlestick patterns provide insights into market psychology and potential price movements. Each pattern tells a unique story about the battle between buyers and sellers.

Common Patterns:

  • • Doji: Market indecision
  • • Hammer: Potential reversal
  • • Engulfing: Strong trend change
  • • Morning Star: Bullish reversal
  • • Evening Star: Bearish reversal

Support and Resistance

Support and resistance levels are crucial technical analysis concepts that help identify potential price reversal points and trend continuations.

Key Concepts:

  • • Support: Price level where buying pressure exceeds selling pressure
  • • Resistance: Price level where selling pressure exceeds buying pressure
  • • Dynamic levels: Moving averages acting as support/resistance
  • • Multiple timeframe analysis: Identifying strong levels

Breakouts and Fakeouts

Understanding the difference between genuine breakouts and fakeouts is crucial for successful trading. Volume and price action confirmation are key factors.

Success Factors:

  • • Volume confirmation: 78% success rate
  • • Price action patterns: 65% accuracy
  • • Multiple timeframe analysis: 82% reliability
  • • Risk management rules: Essential for all trades

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