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Real-Time Market Analysis and Technical Trading Lessons from a Master
This book is a masterclass on how an expert technical trader reads the market on a real-time basis and how price analysis can be converted into actionable trading and investing ideas.
The book is based on Mr. Sukhani's daily newsletters covering a complete bull and bear cycle of the Indian market. In the book's day-to-day analysis, the theatre of the market comes fully alive. It's a roller-coaster ride full of passion and drama and each day ends with the same suspense What next? Day after day, Mr. Sukhani masterfully answers this all-important question, interpreting the message of the market with classical Dow Theory. In the process, the book highlights and illustrates the key concepts of technical analysis and golden rules of successful trading:
- How to identify trading opportunities day after day.
- How to identify the market's trend on a daily basis.
- How does a trend start; how it ends.
- How euphoria and panic show up on price charts.
- How supports break down and how resistance gets dissolved.
- How to identify chart patterns and set price targets.
- What bull and bear markets look like; how they begin and end.
- How to trade the different trends that co-exist in the market.
- Why following the trend is the most successful method of trading.
- Identifying and trading market corrections.
- How to identify and trade ranges.
- When to exit; rules for profitable exits.
- How to trade uncertain markets.
- How to trade and invest in volatile times.
- When to step aside and not trade.
- Best trading strategies during a financial crisis.
This book is the nearest thing to being inside a market master's mind real-time. Every trader and investor will benefit from this master lesson on actionable analysis and technical trading.
About The Author
Sudarshan Sukhani was introduced to technical analysis in his late twenties when he read the book, Technical Analysis of Stock Trends by Edwards and Magee. He became a part-time investor, keeping charts manually, with pencil and graph paper. On a visit to the USA in 1988, he acquired the book Technical Analysis of the Futures Markets by John Murphy. This book introduced him to the world of computer based trading, with indicators, trading strategies, waves, cycles, scans, and more. In 1993, he changed careers and became a full time trader and developer of technical analysis software. Since 1999, when the first business TV broadcasts in India started with CNBC-TV18, he has appeared on thousands of market shows on CNBC-TV18 and Awaaz (Hindi language channel), providing in-depth and real-time analysis to investors and traders.
Sudarshan holds seminars for investors and traders all over India. He has presented more than fifty seminars on different aspects of technical analysis. In addition, he has participated in more than thirty investor camps throughout India, organized by CNBC-TV18 and ET-Now.
Sudarshan is President of the Association of Technical Analysts, India (www.ataindia.org), the country's professional body for technical analysts, which is affiliated to the International Federation of Technical Analysts (www.ifta.org). He is a Chartered Financial Technician (CFTe), a recognition given by IFTA.
Besides being a full time trader and regular TV guest, he writes a newsletter every day, reads as much as possible, remains involved in research and regularly interacts with individual traders and investors.
Sudarshan lives with his wife, Usha, in New Delhi. His business website is: www.s2analytics.com and he blogs regularly at www.sudarshanonline.com.
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