What is TechnicalWealth.com about ?
Technicalwealth.com is about creating wealth through technical analysis. Our observation is that while there are several so called experts in the markets who give recommendations on which stocks to buy, hardly anyone follows up on their recommendations. After taking a position in a stock, the retail investors and traders are typically clueless about what do with their holdings as the market moves, thus causing significant losses to the retail investors. Through technicalwealth.com, we bring detailed technical information of over 1000 stocks to the retail investors, thus helping them take more informed decisions about what to do with their stocks. Our aim is to bring enough technical information to the masses so that they are never caught on the wrong while making an investment decision. We believe that capital is always hard earned and "Protection of Capital is the first rule of any business". Our extensive research is desgined so as protect the hard earned capital of the people of India.
How we do it ?
We study the chart patterns of each stock and use a range of studies and indicators such as Trendlines, Elliott Wave Pattern, ADX, CCI, Williams %R and Volume patterns to determine possible direction. It is true that the price of a stock is a combination of several factors including overall economic situation, sector outlook, earnings of the company, fundamentals of the company, fear, greed and various other emotions of people investing in the stock market. While the factors governing the price of a stock may be difficult to estimate, it has been found that all factors taken together ultimately cause the stock prices to move in phases and patterns. Through technical analysis, these phases and patterns can be identified and breakout levels can be defined. This information can then be applied to make relative low-risk buy decisions and certainly to take sell decisions when price movement is not favorable.
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