MoneyCareGuidance

According to IMF Global Forecast for this year is unchanged at 3.2 Percent and for next year projection is 2.7 percent which is down by 0.2 points from July expectations. The three largest economies i.e., the United States, China and the Euro area will continue to stall. In United States, the growth rate will slow by 1 percent due to tightening of monetary and financial conditions. China has a continued lockdown and a weaking property due to which the growth forecast will be expected to around 4.4 percent. In Euro area the energy crisis caused by the ongoing war and the growth forecast would be around 0.5 percent in 2023. In India, around 66% of CEOs feels that recession could happen in the next 12 months as compared to 86 percent CEOs globally. Bloomberg economists Anna Wong and Eliza Winger forecast a higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period in the previous upda...

WHAT IS TECHNICAL ANALYSIS: Technical analysis is the study of Price and Volume. It uses historical price charts and market statistics. Technical analysis is based on the concept that previous market patterns help traders predict future price trajectories. TECHNICAL ANALYSIS TOOLS: Ø   Moving Averages: Moving averages is a dynamic trend line. Ø   Support and Resistance Level: Support level indicates a stock’s low level whereas resistance level indicates the stock’s price is on upward trend. Support is a buy call whereas the resistance is a sell call. Ø   Bollinger Bands: Bollinger bands are a combination of three line. (1) Daily Moving Average (2) Upper limit line and (3) Lower limit line. The upper limit line is a line drawn above DMA and lower limit line is drawn below DMA. These two lines tells traders that how much and in which direction the stock moved away from its moving averages. IMPORTANCE OF TECHNICAL ANALYSIS: Identifying the best entry and exit poi...