Premal has been actively trading the markets for the last 18 Years. Initially using Technical Analysis from 2002 scaled up on using “Relative Strength” theory from 2008 and Advanced adaptive RS techniques as on date. His educational background includes Bachelor of Commerce from the Top college in Gujarat followed by a PGDM in International Business Management. An avid reader of Psychology to better understand Market Economics has regularly featured on several TV channels guiding many on their stock investments. Has a fan following of over 23K on Twitter (@premalparekh) & Thousands on YouTube. Firmly believes – Time is Money, He expects returns to come swifter then waiting patiently for very long term. As such Identifying stocks which have great Momentum and Terrific Out performance beating the Index is at the core of his Work. Resides in Ahmedabad with family & Loves to travel exploring cultures, has visited over 39 Countries. A Swimmer, Loves Scuba Diving and Water Adventure Sports.
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 the Face2Face series, we will continue our conversation between Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, and Mr. Premal Parekh, as we talk about how the Relative Strength can help us create efficient stock trading strategies and investing strategies.
We will begin our video with a revision of the basics of Relative Strength, and its various uses to the knowledgeable trader. We will discuss how Mr. Parekh decided to choose the RS indicator as his go-to tool when it comes to the technical analysis of stocks as well.
Next, we will touch upon the basic difference between relative strength and the relative strength index, and the implications of each of them to our trading and investing strategies as well.
We will also talk about how the relative strength of stock in the market can help us identify lowly performing stocks and then suitably create the required stock trading and investing strategies for them.
To begin our technical discussion, we will focus on showing the effectiveness of the investing and trading strategies that Mr. Parekh showed us through the working of relative strength on the charts.
We will first see how the stocks selected through relative strength and the RSI have performed in the current market scenario which has changed drastically due to the pandemic. He will once again talk about how technical charting platforms like Trading View have helped him bring clarity to his plan of action when it comes to trading with the power of relative strength.
We will see some of Mr. Parekh’s research-based and RSI-based calls on the stock market, and he will explain the theory behind these calls, how they are currently faring in the stock market, and how these calls are able to give considerable returns in varying spans of time as well.
Following that, we will take a deeper dive into the various benefits of relative strength, through the case studies which show us some extensive stock trading and investing strategies, which can help us see the advantages that this useful indicator provides to us.
These case studies are focused on some real-life trades which Mr. Parekh has identified with his own teachings of the relative strength and the RSI indicator. We will take a look into the whole process of how Mr. Parekh creates his trading or investing model and strategy, once he identifies stocks based on the RSI and relative strength.