Identify Stock bottoms using Virgin Price Action
Mr. Naresh Nambisan is an avid stock market expert, trader, investor and technical analyst with an interest on Nifty trades. After graduating with a background in chemistry, he worked in the middle-east for six years, before he moved back to India and ended up taking a dedicated interest in technical analysis, to become the expert he is today.
IN CONVERSATION WITH
Mr. Vivek Bajaj
The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.
About this Face2Face:
In this video of our Face2Face series, we will explore the basics of technical analysis to identify profitable investments in the stock market.
Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, will decode the science behind the usage of virgin price action to identify the most profitable stock bottoms which present good investment and trading opportunities, in an interview with Mr. Naresh Nambisan
In 2006, Mr. Nambisan began his stock market career, and we will see how the events of his trading and investing life, led him to acquire the knowledge that is required to identify the best trades and investments for long-term wealth creation and efficient wealth management.
To start our technical discussion, Mr. Nambisan will discuss the basics of virgin price action. Mr. Nambisan will discuss the importance of trusting the charts to figure out the best opportunities for investments. We will further talk about how an edge over the market helps traders and investors stand apart from the crowd.
With basic examples, we’ll see how an edge can help anyone in any field excel to the best of their capabilities. Next, Mr. Nambisan will discuss his own style of investing to show how he trades and invests as per his edge.
Next, we will discuss the importance of following a process or a system that suits us best, irrespective of whatever is happening in the environment. Next, with some examples from his own trades, we will see how we can utilize stock bottoms after identifying them with the help of virgin price action, without the presence of any technical indicators.
Mr. Nambisan will discuss how he uses his strategies to identify any needed exits and entry points in stocks and why he often doesn’t exit from the stocks he has identified through this strategy of virgin price actions. He will also give us a detailed process to understand how we can identify stock bottoms after identifying the right support and resistance levels through virgin price actions.
With this, Mr. Nambisan will also highlight how important it is to practice this identification before we actually apply it to the charts of various companies to make the best trades for our portfolio.
Lastly, we will lay down a detailed process to make the most out of the investments in quality stocks, that we make in the stock market, as per our risk appetite, and trading and investing edge. We will also discuss the importance of experience which comes from practice of such a strategy.