News on The Himalayan Times

Technical Analysis of Share
KATHMANDU:
Though the domestic share market does not follow the internationally accepted practice- neither fundamental nor technical - and directed by hearsay and noise creators, Rabindra Bhattarai, a share analyst and lecturer at Shanker Dev Campus, has brought a book on Technical Analysis of Shares in the market; Share Ko Prabidhik Bishleshan ( Technical Analysis of Shares).
The book tries to explain some of the technical system of analysis like Double Top Formation, Double Bottom formation, Head and Shoulder Formation, Rounding Top, Rounding Bottom, Triangle, Rectangle, Support and Resistance, A-D Ratio and Volume Analysis.
The investors could take more benefit, if they read the book, though it could not be guaranteed in the domestic market . Bhattarai rightly quotes in the book- buyers buy in the expectation that the price will go higher and the sellers sell because they think the price will go down, its a huge psychological game that repeats daily at the floor. But the book might boost psychological confidence of the investors with logical analysis-HNS