If you are playing the markets – equities, commodities, currencies or bonds, some working knowledge of technical analysis would surely help. Where most books on technical analysis tend to be intimidating and even confusing for the novice, this book is a refreshing change! Written by an expert, for the rookie, this book assumes the reader to be alien to the science and art of technical analysis. The language and the concepts tackled have been thoughtfully kept very very simple. The result is a faster and better understanding of the subject, retention of the readers' interest throughout the book.
The book has been divided into 9 chapters and the author takes the reader through the paces of technical analysis in a very measured and easy pace. Some of the most basic structures of a stock price chart, the comprehension of the various factors impacting the future trends and how to interpret the same are touched upon. Every example has been backed up by a graph to substantiate the authors view point. The end of the chapter includes a Q & A session which refreshes the readers memory and also tests his / her understanding of the chapter just concluded. The author also upgrades the skills of the readers on how to read and forecast various types of price charts, close ended funds, real estate investment trusts and bonds.
If you are a novice to this subject and wish to embark upon your journey into the brave new world of technical analysis, this book could be your first important step! The excellent quality of printing and more than 50 chartical examples are additional plus points. Nothing less than the best could have been expected from the House of Tatas.
Vijay L Bhambwani