Trending by R K Arora: Technical Analysis Book for beginners

by R.K. Arora

This book gives introduction, overview of trend lines and construction part of trend lines. You will learn to design trading set-up to trade with the help of trend lines. A system or trading set-up must have clear trigger point, stop loss and target or trailing target / stop loss. This book will help you to play with trend lines not to identify the trend or reversal only but a structure of the price movement also. You will learn to find support and resistance levels plus the targets by using trend lines. Trend lines are like water can mix match with all studies of technical analysis. 100 + charts are incorporated in this book to make concept easily comprehensible. Flow of the book is designed so simple and rhythm-tic that as you will feel that you are taking trading decisions with the help of charts. Even if you are a student of 12th standard or a professor, this book is for you. In this book, am sharing my trading experiences only, so most of the times on charts.
In second edition have added more pages and charts plus described how to deal with Gann fan on the demand of my students, who all wanted me to write at least on one study of W D Gann. Addition to Gann Fan 2 – 3 case studies on day-trading also included. First edition had 70 pages, now its app. 111 + pages with 100 + charts. While writing this book, I am been moved, encouraged and excited. First few feedbacks also derived me to feel out of the world. Thanks to God! Thanks to my students! – R K Arora (Author)
Best feedback posted:-


NARAYAN RAO

5.0 out of 5 stars A Price Action-based Approach
11 October 2019
Format: Kindle Edition Verified Purchase
An appreciable attempt by the author, in the direction of price action based trading. Trend line, a highly neglected concept has been highlighted throughout the book in a very conspicuous manner making the reader take the benefits of it to be practically in profits in trading. A must-read book for one who wants to do trading without indicators as the professionals do. The key concept has been dealt with by showing a number of examples. Thus the book has both theory and practical side. The reader can take advantage of this to be a successful trader
Thanks Dear Mr. Narayan Rao
Page 100 “Chart # 43 Infosys (INFY) Chart
On October 22nd 2019, Infosys stock price tanked by more than 15% in a day on the report of manipulating profit and loss accounts. Before it falls heavily – Price signal out sell by closing below the angle line of 1X1 (45 DEGREE) four days in advance before it showed the real sell off in October 2019. There was holiday for 3 days thereafter and when Markets opened on Tuesday 22nd of October price of Infosys nose dived. Where it took the support? Wow! It’s 8X1 angle only.”
Page 106 “Chart No. 48 Dr. Reddy 15 minutes chart.
In above chart have drawn horizontal and vertical lines at same intervals, where next candle will fall. In current last candle stop loss is 3100, in next candle trailing stop loss would be 3116, and next to next candle would be 3133 and thereafter 3145. Let’s see how it behaved – by now all above candles may have formed. It’s theme of trailing stop loss.”

104 pages, Paperback

Published September 29, 2019

Reviews

[davinder · Rating 5 out of 5]

Thanks for publishing the book .

This book is useful for long term position in stock and everything is explained with reference of live market chart.