What are Candle Sticks?

Candlesticks originated from Japan and were the oldest form of price analysis. The earliest use of candlesticks dates back to the 18th century by a Japanese rice merchant named Homma Munehisa. It is believed that sometime around 1980’s a trader named Steve Nison accidentally discovered candlesticks, and he actually introduced the methodology to the rest …

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What is Technical Analysis?

Technical Analysis is statistical analysis of the stock activity like price and volume. It does not intend to find the fair value of a stock, rather technical analysis is the study of collective behaviour of people who are buying or selling the shares through Candle Stick, Trend, Charts, Pattern, Indicators and Oscillators. Technical Analysis involves …

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Case Study Analysis (Apollo Tyres) – Sharp fall in stock price after good quarterly result

Background: 3 fold earnings jump was reported for the Tyre company. Usually after such positive news, retail investors buy the share in hope of some short term gains. But from the day of result, the stock only went down south and fell, eventually from the levels of 300 to 190, deteriorating almost 7000 Cr market …

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Nifty PE & EPS

Similarly Nifty 50 Index also have a PE which is the weighted average PE of all the 50 companies in Nifty 50 index. Currently as on 15th March 2019, Nifty Index is at 11462 levels, weighted earnings (trailing twelve months) of all 50 companies is around 408, thereby PE of Nifty 50 Index is around …

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