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Indian billionaire business magnate, stock market Investor, Rakesh Jhunjhunwala Death: passes away at 62

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Billionaire investor Rakesh Jhunjhunwala, dubbed “India’s Warren Buffet,” died on Sunday at the age of 62 in Mumbai. He had been ill for a few days and died today in Mumbai’s Breach Candy Hospital, according to hospital sources.

Jhunjhunwala founded Akasa Air and was dubbed “India’s Warren Buffett.”
Rakesh Jhunjhunwala, a self-made trader, investor, and businessman, was the son of an income tax officer and is survived by his wife and three children.


Jhunjhunwala developed a youthful interest in stocks after witnessing his father, a retired tax commissioner, manage market interests, he told Bloomberg News in 2005.


Jhunjhunwala, who graduated with honours from Mumbai’s Sydenham College of Commerce and Economics, borrowed $100 from a brother-in-law in 1985 and began buying shares when he was 25.

According to the Breach Candy Hospital in Mumbai, Jhunjhunwala had been ill for a few days and died today.


Rakesh Jhunjhunwala, who was born on July 5, 1960, attended the Institute of Chartered Accountants of India and married Rekha Jhunjunwala, who is also a stock market investor.

Jhunjhunwala was the owner of RARE Enterprises, a privately held stock trading firm.
He was also the owner of Akasa Air, India’s newest airline, which took to the sky earlier this month.

Many people questioned why he wanted to create an airline at a time when aviation was struggling, to which he responded, “I say I’m prepared for failure.” Rakesh Jhunjhunwala was always optimistic about India’s stock market, and the majority of the stocks he bought turned out to be multi-baggers. Rakesh Jhunjhunwala died at the age of 62. He began his stock market career while still in college with a Rs 5,000 investment, and he recently teamed up with ex-Jet Airways CEO Vinay Dube and former IndiGo CEO Aditya Ghosh to create Akasa Air, India’s newest budget carrier. On August 7, the airline launched commercial operations with a flight from Mumbai to Ahmedabad.

Jhunjhunwala, an investor with a Midas touch, was the country’s 48th richest man.

Jhunjhunwala invested Rs 5,000 in stock in 1985. That capital had grown to Rs 11,000 crore by September 2018. Rakesh Jhunjhunwala’s death leaves an indelible mark on the financial world, according to Prime Minister Narendra Modi. Rakesh Jhunjhunwala will be remembered for providing India with its new airline, Akasa Air, after more than a decade, said aviation minister Jyotiraditya Scindia on Sunday, while expressing condolences on the ace investor’s death.

Scindia inaugurated Akasa Air’s inaugural flight, from Mumbai to Ahmedabad, on August 7. The airline acquired its air operator licence from the Directorate General of Civil Aviation on July 7. (DGCA).

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Top 15 Instagram stock market accounts to follow – August edition

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Instagram has been one of the sources to gain financial knowledge. If you are into trading and investing and use Instagram frequently. You should try out these amazing Instagram accounts. with over combines million followers, these folks are giving away the best of information through social media.

one can simply keep themselves updated by simply following them on Instagram. Here is the list of the top most accounts. If you like what they do, do follow them.

TOP 15 STOCK MARKET ACCOUNTS ON INSTAGRAM

  1. atradingschool 320k followers
  2. tradingindiaconsultant 244K followers
  3. stockeducation.in 142k followers
  4. stockmarketgyani 120k followers
  5. discipline_trader_07 84.4k followers
  6. indian_stock_market468 82k followers
  7. sharemarket.guru 70k
  8. tradingwaala 62.9k
  9. stocks_station_ 30.5k
  10. _mr_market_ 28.2K followers
  11. investotrade_ 24.1K followers
  12. market_guru_19 14.9K followers
  13. deltatraderstamil 12.6K followers
  14. station91.in 8533 followers
  15. official_future_mind_trade 4,129 followers

  1. atrading school 320k Followers

2. tradingindiaconsultant 244k followers

3. stockeducation.in 142k followers

4. stockmarketgyani 120k followers

5. discipline_trader_07 84.4k followers

6. indian_stock_market468 82k followers

7. sharemarket.guru 70k

8. tradingwaala 62.9k

9. stocks_station_ 30.5k

10. _mr_market_ 28.2K followers

11. investotrade_ 24.1K followers

12. market_guru_19 14.9K followers

13. deltatraderstamil 12.6K followers

14. station91.in 8533 followers

15. official_future_mind_trade 4,129 followers

Difference Between NISM and NCFM

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The NCFM stands for NSE Certification in Financial Market India. Students who take this course will be able to get knowledge of mutual funds, financial markets, equities research, capital markets, and currency derivatives. NISM, on the other hand, is an abbreviation for the National Institute of Securities Market, which is part of the Securities Exchange Board of India.

The NCFM and NISM certifications provide courses for applicants interested in expanding and structuring their careers in the stock market, derivatives, the mutual funds industry, and the general public who wish to learn more about the financial market.

What is NCFM (National Stock Exchange) Financial Markets Certification?

It may appear terrible to you, but it is not as frightening as it appears. The NSE established NCFM as an institute to create trained human resources with expertise in certain market segments and the industry to guide market participants.

Many certifications are held under the NCFM title to educate people working in the financial sector to follow the code of conduct established by the regulator, the SEBI (Stock Exchange Board of India), as well as to acquire the necessary skills and ability to understand the workings of the system and guide the audiences accordingly. The NCFM values human competence over technology, believing that the individual providing sales and service in the sector should be knowledgeable.

What is NISM (National Institute of Securities Markets)?

The NISM is an Indian public trust that develops and improves financial education for those working in the finance industry in order to maintain a financial literacy standard. The SEBI, the regulator, established this institute in 2006.

The NISM improves quality by starting educational programmes for industry participants. An international advisory group provides strategic guidance. NISM is made up of six separate schools offering various certificates.

They are named below: –

  1. School for Investor Education and Financial Literacy (SIEFL)
  2. School for Certification of Intermediaries (SCI)
  3. School for Securities Information and Research (SSIR)
  4. School for Regulatory Studies and Supervision (SRSS)
  5. School for Corporate Governance (SCG)
  6. School for Securities Education (SSE)

These schools educate persons who buy and sell assets in the securities market, as well as those hired directly or indirectly by financial institutions, as well as those engaged in securities market research and market supervision, such as ministers and officers.

It also holds corporate governance training and conferences. The goal of this institute is to provide education in accordance with the framework, objective, and vision of NISM in order to prepare competent professionals capable of serving the security markets.

NCFM vs NISM Infographics

Source: wallstreetmojo

NISM vs NCFM Exam Requirements

NISM Prerequisite


To apply for any NISM certificate, you must first complete out the online registration form on their website.
Fill out the enrollment form to enrol in the certification of your choosing.
The examination must be taken within 180 days following enrolment.
Following that, you can select the examination centre and slot that are offered online.
Students should use internet study materials to prepare for the examination. Following that, an online exam must be administered, with the results announced once the exam is completed.

NCFM is required


Register for this course online and reserve a slot for a convenient date and time.
The training materials can be downloaded online or ordered from the institute.
Different exams have different passing percentages that must be met. Some tests feature negative indications as well.
You will be a qualified professional if you pass the online examination with the required passing percentage.

Comparative Table

SectionNCFMNISM
Institution Created ByNCFM is created by the NSE – The National Stock Exchange.The regulator, SEBI, makes NISM.
The number of ModulesNCFM has over 50 modules with foundations, intermediate, and advanced modules.NISM has over 15 different courses and modules.
Mode of ExaminationThe NCFM provides online tests.The NISM tests are all online.
Exam WindowThe NCFM examination windows are open for candidates to book their seats at their convenience.The NISM examination windows are available for candidates to reserve their seats at their convenience.
SubjectsThe NCFM covers trading, mutual funds, currency derivatives, interest rates, banking, etc.The NISM covers interest rate derivatives, currency derivatives, depository operations, mutual funds foundation, etc.
Pass PercentageThe NCFM passing percentage depends on the module you choose to appear for. Mostly the passing rate is between 50% to 60%; however, some examinations have negative markings.The NISM passing percentage depends on the module you choose to appear for. Mostly the passing rate is between 50% to 60%; however, some examinations have negative markings.
FeesThe fee structure for the NCFM modules is priced at ₹
1,500/- is revised to ₹
1,700/- and taxes with effect from April 1, 2017.		Most NISM certifications are below ₹ 2,000; however, several cost higher than ₹ 10,000.
Job Opportunites/Job TitlesThe NCFM job opportunities differ depending on your earned certificate.The NISM job opportunities vary depending on the certificate you earned.

Important differences

  • The NCFM course was developed by the National Stock Exchange or NSE. The NISM course was developed by the Securities Exchange Board of India (SEBI).
  • Currency derivatives, banking, interest rates, trading, and mutual funds are among the topics covered by the NCFM. Currency derivatives, mutual fund foundation, depository activities, and interest rate derivatives are among the issues covered by the NISM.
  • An NCFM degree qualifies a candidate for the positions of trader, financial market consultant, stockbroker, dealer, analyst, and investor. A candidate with a NISM degree can apply for jobs as a banker, stockbroker, or securities market analyst.
  • The major goal of the NCFM course is to provide professionals with information, abilities, and expertise in comprehending essential financial sector features such as interest rates, currency derivatives, and so on. The NCFM course adds value to professionals’ jobs because no official training is currently available on the ever-changing dynamics of the financial business.

The National Institute of Securities Market NISM course, on the other hand, is designed to provide financial education and financial literacy to players in the financial sector. In other words, NISM focuses on providing financial market professionals with a deep understanding of the dynamics of ever-changing financial needs.

Why pursue NCFM?

The NCFM certification focuses on important areas of the financial sector; its primary goal is to provide knowledge and skills to financial industry professionals. Because there is no formal schooling or training for financial markets in India, these sector certifications for diverse fields are quite valuable in adding value to a profession.

NCFM has developed with a diverse set of qualifications, specialities, and orientations in all facets of the sector. Furthermore, the entire testing and scoring process for the evaluations is automated. These assessments are significant because they assess the candidate’s ability, practical knowledge, and skill in operating and performing in the financial market.

Why pursue NISM?

In the greatest interests of investors, the SEBI founded the NISM institute and guided individuals working in and throughout the business in learning and understanding financial markets.

The primary goal of this institute is to provide financial literacy and financial education to market participants. SEBI aims to improve the financial market’s quality by launching quality financial education.

NISM Certification Examinations preparation- fees, duration and validity

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If you are planning to appear for the NISM certification exam. It is very important that you enrol yourself and prepare alongside. one can prepare him/her through mock tests provided by sites like prepcafe/passforsure. Learning sharks students have scored more than 90% in their exams. One can learn about the modules in our derivative course.

You can go through the list of exams with their duration, fees, max marks, no. of questions pass marks and certificate.

Sr.
No		NISM ExamTest DurationFees (Rs)Maximum MarksNo. of QuestionsPass Mark (%)Negative Marks (%)Certificate Validity(in years)
1NISM Series I: Currency Derivatives Certification Examination2hrs1500/-10010060253
2NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination2hrs1500/-10010050253
3NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination2hrs1500/-10010050253
4NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination2hrs1500/-10010060253
5NISM Series-III-B: Issuers Compliance Certification Examination+2hrs1770/-10010060253
6NISM Series IV: Interest Rates Derivatives Certification Examination2hrs1500/-10010060253
7NISM Series V A: Mutual Fund Distributors Certification Examination2hrs1500/-10010050–3
8NISM-Series­V-B: Mutual Fund Foundation Certification Examination2hrs1200/-505050–3
9NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination+2hrs1770/-1007560253
10NISM Series VI: Depository Operations Certification Examination2hrs1500/-10010060253
11NISM Series VII: Securities Operations and Risk Management Certification Examination2hrs1500/-10010050253
12NISM-Series-VIII: Equity Derivatives Certification Examination2hrs1500/-10010060253
13NISM Series-IX: Merchant Banking Certification Examination2hrs1500/-10010060253
14NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination3 hrs3000+15013560253
15NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination3 hrs3000+15012060253
16NISM Series-XII: Securities Markets Foundation Certification Examination+2hrs1770/-10010060–3
17NISM Series-XIII: Common Derivatives Certification Examination3hrs3000/-15015060253
18NISM Series-XIV: Internal Auditors for Stock Brokers Certification Examination+2hrs1770/-10010060253
19NISM Series-XV: Research Analyst Certification Examination2hrs1500/-10010060253
20NISM-Series-XVI: Commodity Derivatives Certification Examination2hrs1500/-10010060253
21NISM-Series-XVII: Retirement Adviser Certification Examination2hrs1500/-10010060253
22NISM-Series-XVIII: Financial Education Certification Examination+2hrs1416/-505050–3
23NISM Series XIX-A: Alternative Investment Funds (Category I and II) Distributors+2hrs177010010060253
24NISM-Series-XIX-B: Alternative Investment Funds (Category III) Distributors+2hrs177010010060253
25NISM-Series-XX-Taxation in Securities Markets2 hrs1770+1007560253
26NISM Series XXI-A: Portfolio Management Services (PMS) Distributors2hrs150010010060253
27NISM Series XXI-B: Portfolio Managers3 hrs300015010560253
28NISM Series XXII: Fixed Income Securities+2hrs1770+1008560253
29IBBI- Valuation Examination in the Asset Class: Land and Building2hrs1770/-100906025–
30IBBI- Valuation Examination in the Asset Class: Plant and Machinery2hrs1770/-100906025–
31IBBI- Valuation Examination in the Asset Class: Securities or Financial Assets2hrs1770/-100906025–

How to withdraw money from ATM?

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Do you need to make an ATM withdrawal? When it comes to withdrawing cash quickly, a little cabin with a machine inside, known as an Automated Teller Machine (ATM), may be the best option.

The banks where we have bank accounts provide us with an ATM/debit card so that we may conveniently withdraw cash from ATMs.

Let us now look at the steps to withdraw money from an ATM.

Step 1: Insert ATM Card:

Insert your ATM Card in the ATM machine in the slot as marked in the above diagram.

Step 2: Select Language

Select your language from the language options appearing on the display screen (shown in the diagram above).

Step 3: Enter 4-Digit ATM Pin:

Use the Keypad(as marked in the diagram) to enter your 4 digit ATM Pin Number.

Do not ever share your ATM Pin with anyone. Ensure that nobody is watching you, while you enter the Pin.

Be careful while entering the Pin, as a wrong PIN may lead to the blockage of the ATM card.

Step 4: Select the type of Transaction:

On the ATM screen, you will be able to see different types of transaction options such as Deposit, Transfer, Withdrawal of Money, etc.

For cash withdrawal, you will have to select the Withdrawal Option.

Step 5: Select the Type of Account:

After selecting the cash withdrawal option, the screen will display different account types, select your account type.

As an individual banker, you should be choosing a savings account, as current accounts are a special type of accounts used by businesses.

Some ATMs offer you a choice to add a line of credit to your account. This can help a banker when they need excessive money in an emergency.

Step 6: Enter the withdrawal amount

Now, enter your withdrawal amount.

Make sure that you do not enter a withdrawal amount more than the balance in your account.

Now press enter.

Step 7: Collect the Cash:

Now collect the cash from the lower slot of the machine (as shown in the picture above).

Step 8: Take a printed receipt, if needed:

After you collect the cash, you will get an option of whatever you want a printed receipt of the transaction. If you want a printed receipt, click yes and close the transaction.

Step 9: Another Transaction:

If you want to undertake another transaction then select that option.

Withdrawals from an ATM card debit amount from any existing bank account (either savings or current), so when you wish to withdraw, ensure that you have sufficient balance in the account.

why is learning sharks considered to be the best stock market institute? Let’s hear from the counsellor now

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Are you a beginner or an intermediate? we get students who happen to be a noobie. We recommend starting from the basics of the stock market. This 2 day’s class not only covers what is NSE and BSE? or what is stock market knowledge and words. It includes all the stock market topics you need to be aware of. These topics will be covered by an expert cum trader.

Derivative analysis course

Further, we have Financial derivatives. This covers the options, futures, and strategies like a bull call spread, bear call ladder and so on. The derivative analysis course will be taken by a separate mentor cum full-time trader. He has experience in trading all the strategies. He is not only a mentor but a long-time profitable trader.

Technical analysis course

learning shakrs

Later comes the Technical analysis module. This is known to be the backbone of the course. This includes over 25+ trading strategies, 35+ Chart patterns, Types of candles and so much more. This course is also taken by a separate mentor cum trader. He is a full-fledged technical analyst and has an experience in trading profitably. He introduces live trading from the first class.

Psychology and risk management

Last but not the least, we have psychology and risk management. This module is the Most Important &covers over 100+ topics including what to expect, risks and so much more.

Once you complete this 2 months course, there is a paid internship. Where you sit down with your batch mates and take 100 trades. You can take trades in the classroom or after it. You will be assigned with a trading buddy ( who has an experience in trading for years) and he will guide you through. He knows how to handle an inexperienced trader. After all, he himself was a noobie once.

Apart from the batch mates, and teachers, he will be the best trading friend. You can share your trades with him through. He reports to all the mentors and will stop you from putting loss-making trades. While encouraging you with a green flag when the trade is right.

Is that all? well one more surprise, since you read till the end. We provide students with funds up to 10 lac. During your internship, you get to trade with our money and practise as much. If you manage to stay profitable, you get to keep the 70% profit. If you lose, it’s all on us. It’s all real money btw.

How does that sound now? Too good to be true, right? oh well. Now you know why ” learning sharks” is considered to be the best stock market institute.

Need time to decide? if you still want to learn “how to trade” in the stock market from us? Take all the time in the world.No rush.

Just so you know

The Indian stock market is full of opportunities and is not going anywhere. However, your mind will.

Feel like speaking to the counsellor, who is a trader himself/herself? Go ahead, Dial us at 8595071711 or drop your questions at support@learningsharks.in

Until then, see you on the trading floor !!!!

#stockmarketInstitute #learningsharks #sharemarket #courses

The Conscious Member of the Herd

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Do you ever just feel like you are acting mindlessly or like you are going through the motions? Are you shocked that your emotional responses cause you to sell when you should have planned to wait a bit longer? Or do you enter a deal too quickly without first carefully formulating a trading strategy? It’s possible that you’re succumbing to a natural tendency to follow the pack. Although it could appear normal, if you aren’t entirely aware of what you’re doing, you might find yourself forfeiting profits.

 

Even the masses who invest in the markets occasionally appear to behave without thinking. Once more, there is safety in numbers, and the masses find solace in doing as the throng does. They look for affirmation and attempt to follow the crowd. For instance, it is typical to observe the general public responding hastily to news headlines. Regardless of the underlying fundamentals driving the broader trend, traders in large numbers start selling as soon as they hear that a company has missed an analyst’s prediction. People start buying when a stock is hyped up, even if it is just due to unsubstantiated rumours.

learning sharks stock market institute
Source: oakridger

The disciplined trader adheres to a thorough trading strategy. Impulsive traders operate on the assumption that everything will work out as they go along. Trading automatically can work if you are a really experienced trader, but if you are a new trader, you risk making mistakes. You can succumb to regret, greed, hope, or terror. However, when you allow your emotions rule, you’ll often behave like the crowd, and when you trade like a mindless herd member, you’ll incur losses.

Having, doing and being

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Trading in the right frame of mind is frequently a need for success as a trader. Trading psychologist Dr. Van K. Tharp, founder of the Van Tharp Institute and author of numerous best-selling books on trading psychology, outlines three mental states that could influence your trading strategy. Traders transition from a “having” state of mind to a “doing” state of mind as they gain expertise trading the markets. But when they get to a “being” state of mind, they become profitable. Which mentality best describes your trading?

 

Many traders begin their careers with a mindset that prioritises “having.” They are preoccupied with profits and what they may buy with those profits rather than concentrating on how to trade in harmony with the markets. The primary objective is to make money, which can then be utilised to buy desirable items like a flashy red sports car, a roomy, opulent home, or a sizable collection of upscale clothing. They think that having enormous financial success will be the answer to all of their issues. Trading is more than simply a career; it is their last resort. Despite the fact that many traders are driven by financial gain, concentrating on what you might acquire as a result of your profits has drawbacks.

learning sharks stock market institute
Source: The new york times

A trader’s mentality eventually shifts from “having” to “doing.” When a trader is in a “doing” frame of mind, their attention is directed toward understanding trading strategies and when they work and when they don’t. Dr. Tharp asserts that traders in the “doing” frame of mind continue to prioritise performance problems. What can this trading strategy do for me, they enquire? They are worried about how the technique can make them wealthy. Trading in the “doing” frame of mind is about evaluating the strategy and pondering if it is “working” rather than becoming involved with the markets.

 

However, picking a certain approach and applying it at random is not how trading is done. Developing your trading abilities is necessary to become a successful trader. You must cultivate your intuition by engaging in trading using a number of strategies under a variety of market circumstances and figuring out how the right strategy fits with the ideal market circumstances. Trading in a “doing” state of mind is essential for achieving market mastery, despite the fact that it rarely results in long-term profitability. You acquire the knowledge necessary to trade naturally and with a top performance attitude throughout this phase.

 

The “being” state of mind is the ideal mental condition for successful trading. A trader in the “being” frame of mind is completely tuned in to the markets rather than concentrating on results. He or she trades in time with the movement of the market. Trading the market and accepting it on its own terms are firmly committed to. A trader who is focused on trading right now intuitively recognises successful setups and trades them with ease. You can trade with a “being” frame of mind with enough practise and experience, albeit it might not happen right away.

A healthy approach

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Successful traders pursue their interests. The statement “I love trading so much that I would do it for free if I could” is one that traders frequently utter. In fact, the story seems to be the same whether one looks into the backgrounds of outstanding traders: Any position, as long as it involved trading in some way, was sought after by everyone in the trading industry. The markets and the difficulties they presented attracted them; money was either unimportant or not a concern at all. However, if you ask the average non-trader what they think of traders, the response will be very different.

 

Many people believe that traders are out to make a lot of money, get great status, and flaunt it all with expensive homes and cars. Although they might be additional advantages of trading, they aren’t the main drivers. Successful traders see their profession as significant and like the challenges that the markets present. In other words, they approach trading success in a healthy way.

learning sharks stock market institute
Source: Coinnewsspan

The benefits of having a positive outlook on success are significant. Compared to those who used a traditional approach to achievement, people who adopted a healthy approach to success were better adjusted and more content with their lives. They also had stronger self-control, which allowed them to accept their limitations rather than have a propensity to exaggerate their skills and downplay their flaws. Additionally, they put in more effort at work and delivered better results.

 

A healthy attitude to success has several benefits that are worth noting. When compared to people who approached achievement the usual way, individuals who adopted a healthy attitude to success were better adjusted and more content with their lives. They were also better at managing their ego; that is, they were able to accept their limitations rather than have a propensity to overstate their skills and downplay their flaws. Additionally, they worked harder and produced better results because of it.

Head and shoulders pattern is psychological

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learning sharks stock market institute

Charts provide both a price history and volume history for a financial asset, but they also offer fascinating insights into how people behave. And if you learn to read them correctly, you may use them as a psychological map since they mirror fundamental human nature.

As technical analysts, we are aware that stocks, indexes, and futures markets frequently exhibit repeating patterns. Despite the fact that no two patterns are exactly alike, recognised characteristics reproduce themselves frequently enough for us to recognise and label these patterns and use them to forecast price movement. Understanding the underlying human behaviour and trading it accordingly is a key component of pattern recognition since these patterns reflect people’s thoughts and feelings.

Numerous indexes and stocks are forming—or have already formed—the head-and-shoulders reversal pattern on their daily charts. A head-and-shoulders pattern can be seen on a chart whenever a stock, for example, increases in price to a new high (on any time frame). High volume lifts the price movement to the apex, forming the top of the left shoulder.

The pullback happens next. Mass psychology is reflected in the downturn, which is when latecomers to the soaring uptrend enter the fray. They move in as soon as the retreat reverses, driving the price to yet another record high. But eventually, the worn-out tardy buyers cease “paying up” for the overbought stock. Fear sets in as they suddenly realise they are poised precariously on a mountainside that is eroding (head). When short sellers start to attack, panicked bulls flee at the mercy of the market. The stock drops to the previous support region created by the left shoulder’s completion. The head is now fully developed.

 

At the neckline (of the finished pattern), a select few eager purchasers drive the price up once again.

 

However, this time, the tepid optimism only raises the price as high as the top of the left shoulder. The top of the right shoulder is formed as volume decreases and the price rolls over.

Drooling and sharpening their claws, short sellers. The head-and-shoulders pattern is complete when the price retraced to contact the neckline. Some short sellers have already made an early (high-risk) entry while anticipating the upcoming fall below the neckline. The day after the head-and-shoulders pattern is complete, the stock may frequently gap down (on a daily chart) as anxious investors and short sellers rush to get out of the unsatisfactory equities.