- 7/2/2025
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00:00:00Security Analysis and Portfolio Management section B from your Institute material, News Labus 2022.
00:00:12One fundamental analysis and another one is technical analysis.
00:00:21Fundamental analysis is usually ratio analysis, that is the main.
00:00:26But technical analysis is usually chart reading. Fundamental is compared to a performance from the financial reports,
00:00:35what is the profit, liquidity, fundamental analysis.
00:00:40If the company has shares, current price, will the price be still undervalued or more valued,
00:00:50it is all about chart reading.
00:00:58So, usually fundamental analysis has been given to you,
00:01:02you can put the amount safer, security,
00:01:05you can put in cash funding, and you can put in cash returns.
00:01:12So, it is a combination of the three items are there.
00:01:16This is what about investment triangle.
00:01:19Three compromising objectives, okay.
00:01:22Three compromising objectives.
00:01:24You have to plan accordingly.
00:01:34Is that okay?
00:01:37In addition to that, before you start investing, you have to consider tax minimization as well as convenience in investment and all.
00:01:51So, these things are going to be studied here, okay.
00:01:54These are theoretical views.
00:01:56Security analysis, we have the two criteria.
00:01:59One is fundamental and another one is technical.
00:02:02Fundamental one is economic analysis, industry analysis and company analysis.
00:02:06For example, Tata Steel,
00:02:09this company is a steel company.
00:02:11This company is how to perform.
00:02:13The steel industry is in India.
00:02:15There is a need in India.
00:02:16The steel industry is in growth.
00:02:18The data industry, Tata Steel is also increased.
00:02:20Economic analysis is national level of income.
00:02:23National income, GDP.
00:02:25So, in the third part,
00:02:27I am investing in this company.
00:02:29National income is based on construction.
00:02:31The technical analysis is predominantly trend of price movement.
00:02:35The price of this company is in India.
00:02:37This company is in India.
00:02:39This company is in India.
00:02:40This company is in India.
00:02:41Invest here.
00:02:42This is called fundamental analysis.
00:02:44Three layers.
00:02:45Company.
00:02:46And the companies are in the industry.
00:02:47And the industry is in India.
00:02:48And the industry is in India.
00:02:49In the third part,
00:02:50economy is in India.
00:02:51The company is in India.
00:02:52Invest is in India.
00:02:53Fundamental analysis.
00:02:54That is technical analysis.
00:02:56Predominantly,
00:02:58Trend of price movement.
00:03:00Price is in India.
00:03:02Increase or Decrease.
00:03:04Increasing trend is in India.
00:03:06YEPT.
00:03:07YEPT ECREASE or something else is in India,
00:03:09There is a trend here.
00:03:11YEPT.
00:03:12This trend is repeated.
00:03:13YEPT.
00:03:14In the chart show,
00:03:15you will take a picture of this chart.
00:03:16In the chart,
00:03:17in the chart,
00:03:18In the chart,
00:03:19increase.
00:03:20So, this trend is repeated.
00:03:22In the chart,
00:03:23your chart,
00:03:24see here like the chart,
00:03:26the chart chart.
00:03:27In the chart,
00:03:28in the chart,
00:03:29see here as the chart,
00:03:30the chart will slow down.
00:03:31If the chart,
00:03:33the chart is repeated.
00:03:34Start.
00:03:35That means price movement will be a short plot, so you can study the value of the share.
00:03:42We are not going to consider the intrinsic value.
00:03:45Share prices have little relationship with the intrinsic value.
00:03:49Intrinsic value is true value, assets minus, other than the net assets of the company's
00:03:52share company, divided by the number of shares the company has, it is the ultimate value.
00:04:00This is called intrinsic value or market value of the share, sorry book value of the share.
00:04:07But that is the price increase, this is the investor psychology, this is the investment
00:04:16analysis.
00:04:17In the price increase or decrease analysis, we have two approaches, one is top down approach
00:04:30and another one is bottom up approach.
00:04:32Top down fundamental analysis, three layers are company, industry, economy.
00:04:40Economy analysis is national level, GDP, inflation, political stability.
00:04:45Company analysis is the characteristics of the industry, demand of the government, demand
00:04:51policy, the industry analysis.
00:04:52If you want to go over and understand it, the industry analysis is the same.
00:04:54So, company analysis is the same.
00:04:55So, the company is a book model.
00:04:56Company is the profitability P, efficiency is the same, future growth is the same.
00:04:58The company is the same.
00:04:59In the industry, government is the same, policy restrictions are the same.
00:05:00So, the company is the same.
00:05:01So, which means we must be able to make the market.
00:05:02So, if we can move to the market, the market is the same.
00:05:03Okay.
00:05:04Bottom approach, bottom-up approach is the reverse.
00:05:06government and policy restrictions are in place.
00:05:10So, this is the top down approach.
00:05:15Bottom approach, bottom up approach is reverse.
00:05:20So, bottom up approach is directly from company.
00:05:24In the company, stock is growth or value stock.
00:05:27That's why the stock market is valuable.
00:05:32Growth is very valuable.
00:05:34If the stock market is very valuable,
00:05:36some of the stock market is very valuable.
00:05:38If the stock market is directly focused,
00:05:40investor focused directly on company's value,
00:05:43this is the bottom up approach.
00:05:46Is that okay?
00:05:48Now, how can we do the...
00:05:52Okay, one second.
00:06:00Page shifted.
00:06:02One second.
00:06:03I have to get back to my original page.
00:06:06Okay.
00:06:07Here we go.
00:06:28Yeah.
00:06:29Yes, bottom approach, now, here, economic analysis, business cycle, GDP, GDP, savings
00:06:56and investments, inflations. One national level of importance, let's say economic analysis, business cycle, business cycle, GDP, spending, exports, government budget, investors, earners, investment, inflation rate, not only interest rate increase or decrease,
00:07:22tax structure, Roman budget expenditure and balance of payment, foreign countries, foreign currency, shortage, trade account, current account and capital account, especially in the balance of payment.
00:07:44foreign currency, foreign currency, foreign currency, dollars, regular buying and selling, that transaction, current account, current account, current account, income and expenditure.
00:07:54Okay, that will be current account balances. Okay.
00:08:32is all these things are again economic analysis right clear now the theory portion
00:08:52that you can have the glance over this
00:08:54if you are interested in the industry life cycle then you are interested in the interlay strategic management
00:09:00you are interested in what you are interested in the old syllabus and the new syllabus you are interested in the industry life cycle
00:09:10infant stage growth stage maturity stage stabilization stage decline stage this is the life cycle of the industry
00:09:19over stage in the industry income you are interested in the industry life cycle
00:09:24next one being in the case you are interested in the strategic management
00:09:34you are interested in the quarter five factors model
00:09:40that's why you are interested in the business from starting to start when your business is concerned about
00:09:58Buyers will be discounted by 100-100 or 100-100.
00:10:03But, the competition will be in the industry.
00:10:09We may have a rivalry among existing businesses.
00:10:17Business is in the industry.
00:10:20These are the 5 factors influencing my business.
00:10:24So, there are 5 factors in the industry.
00:10:28Suppliers' bargaining, Buyers' bargaining, existing firm will be revolutionary and potential entrance substitutes.
00:10:37Apart from that, company analysis will be done.
00:10:44We have two predominant swat analysis.
00:10:48Qualitative factors and quantitative.
00:10:51Qualitative business model management strategy.
00:10:54Quantitative number based.
00:10:56Financial leverage, operating leverage.
00:10:58Production efficiency.
00:10:59Resources every use.
00:11:00Earnings at the company growth rate.
00:11:02These are quantitative factors.
00:11:05Qualitative factors and quantitative factors will decide the stock price.
00:11:10So, we have to analyze the company.
00:11:13We have to understand the fundamental analysis.
00:11:15We have to understand the theory and complications.
00:11:18Now, you see swat analysis.
00:11:20You might have studied that swat analysis in strategic management.
00:11:23So, I don't want to go in detail of that.
00:11:25So, strength and weaknesses of the company internally.
00:11:28Will and external forces are opportunities and threats.
00:11:33Will be summarized as SWAT analysis here.
00:11:34Is that clear?
00:11:35Now, after this.
00:11:36Predominate.
00:11:37Okay.
00:11:38Company analysis.
00:11:39Gp ratio.
00:11:40Net profit ratio.
00:11:41Leverages.
00:11:42This is the field.
00:11:43That is the level of the company.
00:11:44nuestra base.
00:11:45Val ы╢Аat.
00:11:46You also have to learn the fact you can try that.
00:11:48You will understand the cost of the company.
00:11:49Know the taken ╨┐╨╛╨╜ч╝║.
00:11:50So, if you cannot look at the company management strategy.
00:11:51That is the number of the company analysis.
00:11:52Is that clear?
00:11:53Now.
00:11:54After this.
00:11:55Pre-down meeting.
00:11:56NMNT.
00:11:57We are going to look at the company analysis.
00:11:58Okay.
00:11:59Company analysis.
00:12:00Varianziti.
00:12:01Both.
00:12:02Gp.
00:12:03Ratio Net profit ratio.
00:12:04Leverages.
00:12:05What we will see.
00:12:06What we are going to look at?
00:12:07Factor.
00:12:08Consider.
00:12:09I have to look at the same number of the software.
00:12:10In the calculations part, we have to look at the calculations.
00:12:13We have to look at the illustrations.
00:12:16Purely rationalises.
00:12:18Factors considered in company analysis.
00:12:21Net worth and book value.
00:12:24Assets minus liabilities divided by number of shares.
00:12:26That is book value.
00:12:28Is that okay? That is it.
00:12:30Book value is where?
00:12:32Share market rate is cheaper.
00:12:34It is cheaper to invest.
00:12:36Intrinsic worth of share.
00:12:38Intrinsic worth of share.
00:12:40Intrinsic true value.
00:12:42What is the true value?
00:12:44Assets minus liabilities divided by number of shares.
00:12:46Also, liabilities side approach.
00:12:48Share capital, resources and surplus for them.
00:12:52Minus any accumulated losses.
00:12:54Apipolar.
00:12:56Assets and liabilities side approach.
00:12:58Balance sheet.
00:13:00Assets, 1000.
00:13:04Equal share capital, 400.
00:13:06Resource and surplus.
00:13:08Resource and surplus.
00:13:10Reserve and the 200.
00:13:12Long term debt.
00:13:14Current debt is 400.
00:13:16You said 1000 minus 400.
00:13:18400 plus 200.
00:13:20One answer.
00:13:22So, 1000 minus 400.
00:13:24Assets side approach.
00:13:26400 plus 200.
00:13:28Net worth of shares.
00:13:30Net worth of owners.
00:13:32Divide by number of shares.
00:13:34One of the main factors.
00:13:36And next being.
00:13:38Sources and utilization of fund flow statement.
00:13:50Fund flow statement.
00:13:52Cash flow statement.
00:13:54Time series analysis.
00:13:56Common size analysis.
00:13:58Financial ratio analysis.
00:14:00Fundamental analysis.
00:14:02The company's growth record.
00:14:04The company's growth record.
00:14:06Growth record.
00:14:08Now, what could be a stock exchange class.
00:14:10Now, what could be a stock exchange?
00:14:12Now, what could be a market share?
00:14:14Okay.
00:14:15Fundamental analysis.
00:14:16So, what could be a stock exchange?
00:14:18What could be a stock exchange?
00:14:20So, what could be a stock exchange?
00:14:22Growth record. Growth record.
00:14:25Now, we have a stock exchange class in Singer Academy.
00:14:31Fundamental analysis is the main teach.
00:14:34Price earning ratio, price growth ratio, percentage growth rate, percentage growth rate of net block.
00:14:40Growth based money.
00:14:42And of course, you can do some financial analysis for intra firm comparisons like liquidity ratios, capital structure ratios, profitability ratios,
00:14:51coverage ratios, all these things you might have studied at the interior level.
00:14:56Okay.
00:14:57So, fundamental analysis on the tools in another EPS, PE ratio, PEG ratio, price to sales ratio, price to book ratio,
00:15:07all the tools that we can use it.
00:15:10So, you can have the view that it's nothing but proper analysis of the company's financial report or studying of that and find whether the company is performing better or not.
00:15:20That's what we need to do.
00:15:22This is called fundamental analysis.
00:15:24Clear?
00:15:25Now, if you have a briefing about PE ratio, I think you know this.
00:15:31So, in the ratios, if you have the sum of the numbers, you can study the interrel.
00:15:36Of course, we don't have any illustrations here.
00:15:41Okay.
00:15:42You might have studied that valuation of goodwill.
00:15:44Right?
00:15:45Super profit method as well as weighted average method simple average method.
00:15:48Let me try to solve one illustration for the goodwill valuation.
00:15:50Okay.
00:15:51Let me try to solve one illustration for the goodwill valuation.
00:15:57Otherwise, it is not required.
00:15:58Already, you might have learnt.
00:15:59You might have learnt.
00:16:00Now, this is the first illustration in this chapter.
00:16:06Now, this is the first illustration in this chapter.
00:16:13Hope you are able to read this.
00:16:28Question number 1.
00:16:29Okay.
00:16:30Question number 1.
00:16:31In your text, the page number being 196.
00:16:35Right?
00:16:36So, negotiation is going on for transfer of EI Limited and the basis of balance sheet and
00:16:47then the additional information is given.
00:16:49What is the requirement?
00:16:50What is the requirement?
00:16:51Okay.
00:16:52It has been agreed that 4 years purchase of super profit shall be taken as value of goodwill
00:16:58for the purpose of deal.
00:17:004 years purchase of super profit Kurturkaradhan.
00:17:04Super profit depending on the actual profit minus normal profit, you will get the super profit.
00:17:174 times.
00:17:20Okay.
00:17:21If you multiply 4 with the super profit, you will get the goodwill.
00:17:26Normal profit is nothing but average capital implied average capital implied.
00:17:39Normal rate of return this company earns.
00:17:41If you multiply these two, this is called normal rate of return.
00:17:44Right?
00:17:45Capital implied, capital implied, assets minus liabilities.
00:17:47Revest value, this is the asset side approach.
00:17:48But average capital implied, opening plus closing by 2 will be.
00:17:51I will be.
00:17:52Average capital implied and present.
00:17:54Average capital implied and present.
00:17:55Average capital implied and present.
00:17:57I will be.
00:17:58asset side approach but average capital implied now opening plus closing by 2 will be
00:18:03average capital implied .Average capital implied .Opening capital implied plus closing capital
00:18:13implied divided by 2 .Apening in the opening .Profit erode 1.Closing 120.
00:18:21Eppendip dipping average .100 plus 20 divided by 1.10 .Eth is the average .Opening plus closing by 2 .Or there is another approach .Adhaavudu closing minus half of current year profit .Avuri
00:18:39$20 .╬гkung
00:19:05trade investment
00:19:07trade investment
00:19:09non trade investment
00:19:11non trade
00:19:13trade investment
00:19:15short investment
00:19:17record
00:19:192
00:19:21business
00:19:23trade
00:19:25part of asset
00:19:27income
00:19:29non trade
00:19:31asset
00:19:33return
00:19:35profit
00:19:37i'm earning
00:19:39invest in this business
00:19:41what is the profit i'm earning
00:19:43because of investing in this business only
00:19:45you want to say
00:19:47a few years ago
00:19:49that's the FTE
00:19:51the return
00:19:53return
00:19:55you can see
00:19:57what are the amount
00:19:59the investor gives
00:20:01invested in the same business, sir, I am going to get a short term, I am going to use it, sir, I am going to use it, sir, I am going to use it, sir, I am going to use it, but, if you have any money, you will deposit it, you will get it, you will get it.
00:20:21So, you have to remove the goodwill, goodwill remove the goodwill, goodwill is now removing the goodwill, okay, if you have to remove the goodwill, goodwill is now removing the goodwill,
00:20:37land and building, now, profit before tax being, amounted to Rs.6,00,00 including 10,000 as interest on investment, investment is, where investment is?
00:20:46trade investment.
00:20:48Trade investment in the ad
00:20:49and the interest in the ad
00:20:51and the ad
00:20:52and the ad
00:20:53and the ad
00:20:54and the ad
00:20:56and the additional amount of
00:20:5850,000
00:20:59shall be required to spend for
00:21:01the smooth running of the business.
00:21:03So, minus 50.
00:21:07Okay.
00:21:09What we are doing is
00:21:11future maintainable profit.
00:21:12The actual profit
00:21:13I am able to generate in the future.
00:21:18Based on the past year.
00:21:20Past year in the past year,
00:21:22if you can say that,
00:21:24if you can say that,
00:21:25if you can say that,
00:21:26if you can say that,
00:21:27if you can say that,
00:21:28if you can say that,
00:21:29if you can say that,
00:21:31that is what about future maintainable profit.
00:21:33Okay.
00:21:34So, that should be
00:21:35taken here,
00:21:36future maintainable profit.
00:21:37The market value of plantain building
00:21:41and plantain machinery are estimated at
00:21:439 lakhs
00:21:44and 10 lakhs.
00:21:46Lantern building is 9 lakhs
00:21:48and plantain machinery 10 lakhs.
00:21:50Okay.
00:21:52In order to match the above figures,
00:21:55further depreciation to the extent of 40.
00:21:57In order to match the above figures,
00:21:58further depreciation to the extent of 40.
00:21:59In order to depreciation,
00:22:00you get depreciation in terms of 2 lakhs.
00:22:01How much needed?
00:22:02You're going to start depreciating the above figures.
00:22:03If you are more excited,
00:22:04You get depreciation as a year.
00:22:05By default,
00:22:06you get depreciation in terms of you.
00:22:07In order to achieve future maintainable profit.
00:22:09Got to put additional depreciation
00:22:11or additional expenses.
00:22:13Income tax may be taken at the 50 percentage. Return on capital employee at the rate of 10 percentage.
00:22:20This is the normal rate of return. This is the normal rate of return.
00:22:26This is the normal rate of return. This is normal profit.
00:22:41This is the normal profit. If the actual normal profit is the amount of return.
00:22:48So, 10 percentage is the NRR. Post tax may be considered normal for the business.
00:22:55Trade investment, stock, debt, cash, cash.
00:23:04What is the total?
00:23:08What is the total? You can subtract the credit as.
00:23:13Minus 3 lakhs. The ultimate value being 21 lakh.
00:23:1921 lakh closing capital employee.
00:23:23We know average capital employee. We know average capital employee.
00:23:29I may use this formula.
00:23:32Okay.
00:23:33However, 21 lakhs closing capital employee minus half of the profit.
00:23:40Half of the profit.
00:23:426 lakhs before tax.
00:23:47Okay.
00:23:48So, profit before tax for the previous year being 6 lakhs.
00:23:51Minus what?
00:23:52Tax.
00:23:53Tax rate here being 50 percentage.
00:23:56Here being 50 percent.
00:23:573 lakhs.
00:23:58Balance 3 lakhs.
00:24:00Now, half of 3 lakhs subtract.
00:24:03We will get over there.
00:24:041 and 2 lakhs subtract.
00:24:0619.5 lakhs.
00:24:0919.5 lakhs.
00:24:12So, average capital employee being 19.5 lakhs.
00:24:15That is 10 percentage.
00:24:16Normal profit being 1.95 lakhs.
00:24:19So, normal profit 1 lakh 95,000.
00:24:22Actual profit.
00:24:24How much?
00:24:25How much?
00:24:26How much?
00:24:276 lakhs.
00:24:28Okay.
00:24:29Previous year.
00:24:30Profit.
00:24:31But, right now.
00:24:32We will get roughly 5 lakhs 10,000 only.
00:24:33Before tax.
00:24:34Tax.
00:24:3550 percentage.
00:24:362 lakhs 55,000.
00:24:37Now, we will get roughly 5 lakhs 10,000 only.
00:24:40Before tax.
00:24:41Tax.
00:24:4250 percentage.
00:24:432 lakhs 55,000.
00:24:45You can subtract.
00:24:46You expect 2 lakhs 55,000 in the next year after tax.
00:24:50That is the actual cost.
00:24:53From 255, 195 is subtracted.
00:24:58So, balance being 60 is the super profit.
00:25:01And, goodwill will be 4 years purchase.
00:25:03So, the value being 2 lakhs 40.
00:25:05Is that clear?
00:25:06Is that clear?
00:25:08Yeah.
00:25:09Come on.
00:25:10Finish off copying this if you want.
00:25:12Format.
00:25:13Right hand side.
00:25:14Format.
00:25:15Plus.
00:25:16Inge.
00:25:17Format.
00:25:18Average profit calculate.
00:25:19Clear?
00:25:20Right hand side will be your format.
00:25:21That you can try it yourself.
00:25:22Okay.
00:25:23It is pretty simple illustration.
00:25:24Whatever difference.
00:25:25Okay.
00:25:26Okay.
00:25:27Okay.
00:25:28Here.
00:25:29Here.
00:25:30This is future maintainable profit.
00:25:31Future maintainable profit.
00:25:32Future maintainable profit.
00:25:33The future maintainable profit.
00:25:34The actual profit.
00:25:35The normal profit.
00:25:36Subtract.
00:25:37Super profit.
00:25:38Super profit.
00:25:39Okay.
00:25:40Okay.
00:25:41Okay.
00:25:42So, here.
00:25:43It is 33.6.
00:25:4433.6.
00:25:45Normal profit.
00:25:46Subtract.
00:25:47Super profit.
00:25:485 years.
00:25:49multiply.
00:25:50Goodwill.
00:25:51Goodwill.
00:25:52Karajach.
00:25:53It is.
00:25:54It is.
00:25:55It is.
00:25:56In the point.
00:25:57Explain.
00:25:58Investment.
00:25:59Assumed as non trade investment.
00:26:00Non trade investment.
00:26:01Non trade investment.
00:26:02Tagachochewanism.
00:26:03Internet investment.
00:26:05investment.
00:26:06Erekkha.
00:26:07Koda.
00:26:08Ne.
00:26:09Investment.
00:26:10ызРьФА.
00:26:11As.
00:26:12Koda.
00:26:13цИ┐ .
00:26:14Koda.
00:26:15Koda.
00:26:16Koda.
00:26:17Koda.
00:26:18I.
00:26:19I.
00:26:20I.
00:26:21I.
00:26:22I.
00:26:23I.
00:26:24I.
00:26:25I.
00:26:26I.
00:26:27I.
00:26:27Okay, that's the investment income. So, if the non-trade investment is removed, and the asset is removed.
00:26:40This is the 10th chapter of the book.
00:26:44Land and Building, Plant and Missionary, this is the other asset.
00:27:02Stock debtors, cash minus creditors.
00:27:11Book in the point, investment assumed to be non-trade investment.
00:27:16Investment is removed.
00:27:17Investment is removed.
00:27:20Is that clear?
00:27:22Check.
00:27:26Are you able to understand?
00:27:28In the step with the book.
00:27:31Value the share also.
00:27:35Share valuation, we have two methods.
00:27:37Book value method and market value method.
00:27:39Third one is fair value method.
00:27:43Book value method and assets minus light is divided by number of shares.
00:27:48This is the book value method.
00:27:50Market value.
00:27:51Market value.
00:27:52Market value.
00:27:53Market value.
00:27:54Market value.
00:27:55Okay.
00:27:56Market value value.
00:27:57Here is an example.
00:27:58Illustration no. 3.
00:28:12Illustration no.
00:28:13Illustration no.
00:28:143.
00:28:15Illustration no.
00:28:163.
00:28:17Okay.
00:28:18From the balance sheet of India trading company limited, the following figures have been extracted.
00:28:19preference shares.
00:28:20Equal shares.
00:28:21Equal shares.
00:28:2210,000.
00:28:2310 rupees each fully paid.
00:28:2410,000.
00:28:2510 rupees shares.
00:28:265 rupees paid.
00:28:2710 rupees shares.
00:28:282 rupees 50 rupees paid.
00:28:2910 rupees share.
00:28:302 rupees 50 rupees paid.
00:28:31Resource.
00:28:32GR.
00:28:33Profit.
00:28:34Lossi.
00:28:35Dallam.
00:28:3640.
00:28:37Okay.
00:28:38Now, you are required to determine the value of the business through the value of the preference
00:28:42shares through the value of the preference shares through the value of the preference shares
00:28:57and equity shares assuming that a liquidation of the company has to take place on this date
00:29:04and that the expenses are winding up on meal.
00:29:06Okay.
00:29:07Expenses.
00:29:08The articles of association of the company provide that, in case of liquidation, preference share
00:29:16orders would have a further claim of 10 percentage on the surplus of assets.
00:29:20Assets become of the surplus as well as the value of the purchase.
00:29:23That is the 10 percentage of the purchase.
00:29:26Okay.
00:29:27Now.
00:29:28On a revaluation of the assets, it was found that they had appreciated 75,000 over their book value in the aggregate.
00:29:36Okay.
00:29:37Assets would have made up.
00:29:38For the 11th century.
00:29:39So.
00:29:40You know, what is the value of the resource and surplus?
00:29:42Okay.
00:29:43Resource and surplus.
00:29:44Okay.
00:29:45Resource and surplus.
00:29:46That is the general reserve and profit and loss.
00:29:502 and of lakhs.
00:29:512 and of lakhs we have.
00:29:53GR.
00:29:54Profit and Loss.
00:29:55Profit and Loss.
00:29:56This is one rental flexible.
00:29:57This is one rental club.
00:29:58This is another normal.
00:29:59This is another stock.
00:30:00This is another stock.
00:30:01This is another stock.
00:30:02And that is theoughts.
00:30:03This is an asset, for the purchase, the assets disposed number one as well as the other sector is more.
00:30:05Asset's dispose of number is extra. Asset appreciation. 3,25,000 rupees, we will be getting more. Book
00:30:18In the book, there are 3,25,000 rupees extra. Who are the shareholders?
00:30:24Usually, the preference shareholders will be able to get 10% of the surplus.
00:30:33So, in the 3,25,000 rupees, 10% is 30 to 500 rupees for preference shareholders.
00:30:40The balance is 2,90,500,000 rupees. This is equity shareholders.
00:30:53Preference shareholders is 3,25,000 rupees.
00:31:00If I divide this by 3,000, every preference shareholders will get 110.83. So, preference share capital value in the 110.83.
00:31:20That is, equity shareholders is equal to 2,95,500. For how many shares?
00:31:2930,000 shares. If I divide this by 30,000, every shareholders will get 9.75 excess.
00:31:41If I divide this by 10,000 rupees, fully paid, 10,000 plus 9.75, I can save you. 19.75 as per the book value.
00:31:50If I divide this with 10, I will pay you we need 5,000 rupees. The price is equal to 9.75 as per the book value.
00:31:54If I divide this by $5, it will be 14,000 rupees.
00:31:59I will save you. This is the value I will get the 1,25.
00:32:02This is the value I will be getting.
00:32:0812.25, this is the value they will be getting on closure, that is the book value, book value
00:32:14is intrinsic value, and the share order in which we will do the intrinsic value, is that
00:32:20clear, make a note of it, time circle, P ratio is equal to 10 times, 10 times, 10 times,
00:32:38yeah, you know that market price divided by EPS, why are you bringing a company, earning
00:32:49per share, you know 60 rupees, we can contribute by preparing a projected profit loss, we find
00:32:56out the net profit, divided by number of shares divided by profit after tax, divided by number
00:33:03of shares putting EPS, and the EPS 16, what could be the market price of this company shares,
00:33:12this category, this industry will be X, what earnings are required, 10 times market price,
00:33:19that is 10, it is very clear, if you multiply these two, the market price should be 600,
00:33:28is that okay, this is one of the market value calculation, one of the approaches, this is
00:33:33not the only approach, we have N number of approaches, you know internal FM literature
00:33:37skating, dividend discount model, okay, dividend discount model, Gordon's growth model, Walter
00:33:42model price have to decide, you know, you know in number of methods, which is the share
00:33:47price of this company, is that you can compare with the book value, which is the rent out of
00:33:55average and the fair value, such a way, we can predict the company's share price and you
00:34:00price and you can make the decision whether the share price is undervalued or overvalued
00:34:05or the base money .
00:34:08Discussion the question number 4 . So, final answer they have calculated net profit here.
00:34:18Net profit divided by projected profit and loss for today based on some changes for example
00:34:25here the bad debt being 10,000 rupees in the previous year for this date in the coming years bad debt
00:34:36here the notes for this date expected to go up by 50 percentage after 10,000 over 50 percent
00:34:42say thing now you will get the end of all assets and life-based expenses cost of goods
00:34:49sold on change in regard to incorporate net profit contribution divided by number of shares
00:34:54putting in you will get the EPS the 30,000 is the number of equity shares here is that
00:34:59ok see here 10 rupees shares 3 lakhs divided by 10 so 30,000 shares are there ok so from
00:35:11this we calculated the number of shares at which EPS contribution P ratio for these types
00:35:17of companies here 10 happens if this is how about 10
00:35:22P ratio you will get the return of maintain the terms of baby share 7 milligrams the coming
00:35:25of next company 10 to remember 10 % November 27 North of Meth including 10 percent of
00:35:28the food shares came as 44 of months to ╨║╤Г╤А nineteen of China here are 10 so as you can
00:35:31receive this outcome here assuming the P ratio 10 be 10 short here are 10 afraid is
00:35:32increase under which EPS contribution based on the projector P end
00:35:35for that if I multiply with PE along with the PE I will get the market value of the share,
00:35:38market value book value rendound average putting in your particular share andуГБуГгуГ│уГНуГл
00:35:43fair value cut, and the fair value cut is less than the company in the company.
00:35:50This is concrete. Technical analysis is based on discussion. By using the tools, you have to become master over that, so only you can understand.
00:36:01So, here is a comprehensive illustration, financial summary.
00:36:06If you have done this, do-point analysis, you have to find out return on equity.
00:36:14That is based on the company's share and profitability. Is it worth investing or not?
00:36:21Of course, there is a theory question, so you don't need to worry about that now. Is that clear?
00:36:27Full of a theory, discussion now.
00:36:30So, with that fundamental analysis, what is the idea?
00:36:34Fundamental analysis is nothing but only financial report analysis. Study upon it.
00:36:41Dow theory, Charles Dow,
00:36:46What is the idea of price discounts everything?
00:36:53Price discounts everything.
00:36:55Market is one price.
00:36:58Market is one price.
00:37:00Jolt is very low.
00:37:02Okay?
00:37:03A little crash and adjustment.
00:37:05It is price adjustment.
00:37:06That is the price adjustment.
00:37:07That is Israel and Palestine.
00:37:10That is the price adjustment.
00:37:12That is the price adjustment.
00:37:13Okay?
00:37:14Random.
00:37:15Okay?
00:37:16Random.
00:37:17Random.
00:37:18Random.
00:37:19Random.
00:37:20Okay?
00:37:21Random.
00:37:22Okay?
00:37:23Random.
00:37:24Is that true?
00:37:25Is that true?
00:37:26That's true?
00:37:27That's true.
00:37:28These are the cases you have to understand.
00:37:29No.
00:37:30No.
00:37:31In the technical analysis.
00:37:32Leopardy.
00:37:33Leopardy.
00:37:34Leopardy.
00:37:35The price movement is random.
00:37:37Random.
00:37:38Random.
00:37:39Random.
00:37:40Is that true?
00:37:41Is that true?
00:37:42Random.
00:37:43Random.
00:37:44PP
00:37:51design. Is that okay? These are the cases you have to understand. Now, in the technical analysis
00:38:02you can consider factors. Price is how to manipulate, how to trade, how to trade, how to buy and sell
00:38:13the difference. So, this is how to change. Quality of price change. So, this is how to study
00:38:25the price upside or downside upside. Now, here it is. Now, stock price.
00:38:43Price y-axis, x-axis in the type of price. Price in the period of quarterstay, that is
00:38:52increase. If it is stagnant, then it is increased. So, this is the chart.
00:39:00This one is declining trend. Increase and rising trend. And this is declining trend again. Declining trend.
00:39:16If you want to improve the adjustment, it will be true.
00:39:23It will be true.
00:39:28It will be true.
00:39:32It will be true.
00:39:37Sell point is not that you sell, either here or there is a crash or sell.
00:39:44This is flat point.
00:39:45This is the price movement path.
00:39:50Okay, I think I try to see one thing.
00:39:56So, technical analysis is not that it will be working.
00:40:01Of course, it will be working.
00:40:02It will be working.
00:40:09If you look at the chart, you can see the chart.
00:40:15If you look at the chart, you can see the chart.
00:40:20But to decide whether it is the right time to enter or exit,
00:40:27you are experts.
00:40:30If you look at the chart, you can see the chart.
00:40:33For example, this is company.
00:40:35So, for your understanding,
00:40:37Tata Steel.
00:40:39Tata Steel.
00:40:40One company, you can see the chart.
00:40:42If you look at the chart, you can see the chart.
00:40:45In the chart.
00:40:46In the chart.
00:40:47In the chart.
00:40:48In the chart.
00:40:49In the chart.
00:40:50In the chart.
00:40:51In the chart.
00:40:52In the chart.
00:40:53In the chart.
00:40:54In the chart.
00:40:55In the chart.
00:40:56In the chart.
00:40:57In the chart.
00:40:58In the chart.
00:40:59In the chart.
00:41:00In the chart.
00:41:01In the chart.
00:41:03okay see in the other chart chartler
00:41:16yeah I didn't just say okay I don't know how to block this here it's okay
00:41:31okay so you know that here we have either y axis are clear y axis other one the price
00:41:55x axis on the time I just see here first one is this component it is chart type of
00:42:07a thing it is ethan null it is what company it is indicators it is indicators
00:42:18when the company parallel compare plus line drop options now let me first finish up this one in the part
00:42:29is that clear this part here you see
00:42:38if you click on this one is line chart line chart on the date on the price moment plot
00:42:47and you can connect the line chart area chart on this one is shade
00:42:55Below that, we will shade the area chart, okay. Bar chart, this is the bar chart, okay.
00:43:15Yeah, bar chart, see. Bar chart, see.
00:43:20Bar chart, see. Bar chart, see.
00:43:25For example, green color, see.
00:43:31Green color, see.
00:43:33Closing price, upside, then the opening price is green color.
00:43:40One market, one 4 price trade.
00:43:45One 4 price, that is 9.50.
00:43:513.30, one market close.
00:43:5410.60, close.
00:43:56Close.
00:43:571.50.
00:43:581.50.
00:43:591.50.
00:44:001.50.
00:44:011.50.
00:44:021.50.
00:44:031.50.
00:44:041.50.
00:44:051.50.
00:44:061.50.
00:44:081.50.
00:44:091.50.
00:44:102.50.
00:44:112.50.
00:44:121.50.
00:44:131.50.
00:44:142.50.
00:44:15value are plotting. That is bar diagram and candlestick diagram.
00:44:24We use this render diagram.
00:44:27We will close the line diagram.
00:44:32Open, low, high, close.
00:44:36Is that okay?
00:44:38Now, we chart the price.
00:44:419, 10, 11, 12.
00:44:46If you drop the price, you can see the price.
00:44:55Even if close the price is on the Jaws.
00:45:00Then, if you say the price is on the Jaws.
00:45:07Closing is on the right hand side.
00:45:11If you drop the price, 13, 14.
00:45:15Highest price is on the lowest price.
00:45:18Lowest price is 9.
00:45:20Straight line draw.
00:45:22Connecting the highest and lowest price.
00:45:26Highest is 14, lowest is 9.
00:45:29Closing price is on the right hand side.
00:45:34Okay.
00:45:35That is the opening price.
00:45:38Left hand side mark.
00:45:40Is that okay?
00:45:43Left hand side is on the right hand side.
00:45:46Higher around.
00:45:47That is the name of the right hand side.
00:45:49Closing is positive.
00:45:51Higher around.
00:45:52Closing is on the right hand side.
00:45:54If we drop the price, we drop the green color.
00:45:58The path is on the right hand side.
00:45:59Where is the green color?
00:46:01Green color is on the right hand side.
00:46:03This is the left hand side.
00:46:05This is the closing rate.
00:46:07Green color is on the left hand side.
00:46:09This is the closing rate.
00:46:11Are you able to see this?
00:46:13I need I to still rise further.
00:46:16Okay.
00:46:17Okay.
00:46:18Okay.
00:46:19Okay.
00:46:20Okay.
00:46:21Okay.
00:46:22Okay.
00:46:23Okay.
00:46:24Okay.
00:46:25Okay.
00:46:26Okay.
00:46:27Okay.
00:46:28Okay.
00:46:29Okay.
00:46:30Okay.
00:46:31Okay.
00:46:32Okay.
00:46:33Okay.
00:46:34Okay.
00:46:35Okay.
00:46:36Okay.
00:46:37Okay.
00:46:38Okay.
00:46:39Okay.
00:46:40Okay.
00:46:41Okay.
00:46:42Okay.
00:46:43Okay.
00:46:44Okay.
00:46:45Okay.
00:46:46Okay.
00:46:47Okay.
00:46:48Okay.
00:46:49Okay.
00:46:50Okay.
00:46:51Okay.
00:46:52Okay.
00:46:53Okay.
00:46:54Okay.
00:46:55Okay.
00:46:56Okay.
00:46:57If you want to draw a number, you can draw a number in red.
00:47:01And the diagram, opening rate should be here, 12, closing rate should be here.
00:47:11So, in such a way, we can conclude whether the rate in the particular day is positive.
00:47:20Opening rate will be coming here.
00:47:25This will be called as, this will be called as bar diagram.
00:47:30Bar diagram will be OHLC, open, high, low, close.
00:47:39That will be American bar diagram.
00:47:42Candlestick diagram will be opening rate is 10, closing rate is 10, lowest rate is 11, highest rate is 14.
00:47:54You can draw a line, you can draw a line.
00:47:59Okay.
00:48:009, 10, 11, 18, 13, 14.
00:48:06Open rate is 10, close rate is 11, close rate is 11.
00:48:12Very cheap, you want to draw.
00:48:14It isought for open, and if you want to look at other categories, ratheraria with opposite regions, even if you consider the market is...?
00:48:19That is shade, either shade or green color, or red color shade, that is reverse.
00:48:26Closing rate is less than red, opening early closing is less than red.
00:48:34Warning you that the market is falling down that day.
00:48:38At the same time, you will have 9. You will have a low rate.
00:48:45You will have a high rate above.
00:48:48If you don't have a candle, you will have a candlestick diagram.
00:48:53This will be called as candlestick diagram.
00:48:55Is that clear?
00:48:57Body is green color.
00:49:00In the morning or evening, you will have a high rate.
00:49:03Reverse is lower.
00:49:05So, these are the diagrams that we have.
00:49:09Clear?
00:49:12In the morning, there are diagrams that we have.
00:49:14Clear?
00:49:15So, what is the diagram?
00:49:17Candlestick.
00:49:18Candlestick diagram.
00:49:20Green, red.
00:49:22If you look at research, you will see further.
00:49:25Clear?
00:49:26So, these are the 4 charts.
00:49:28Indicators are coming.
00:49:31Let's see.
00:49:33Indicators.
00:49:34Okay.
00:49:35Functions of.
00:49:36In here.
00:49:37Indicators.
00:49:38Indicators.
00:49:39Indicators.
00:49:40I too have some most choice based indicators.
00:49:43Indicators.
00:49:44Indicators.
00:49:45Indicators.
00:49:46Indicators.
00:49:47Preferably, I will go for either RSI.
00:49:49Or on-balance volume.
00:49:50On-balance volume.
00:49:51On-balance volume.
00:49:52On-balance volume.
00:49:53Okay.
00:49:54In here.
00:49:55In here.
00:49:56On-balance volume.
00:49:57In here.
00:49:58In here.
00:49:59In here.
00:50:00In here.
00:50:01In here.
00:50:02I just use this for my analysis purpose.
00:50:05Okay.
00:50:06in the case, this is the on-balance volume analysis case, ok, this is the on-balance volume,
00:50:13that is RSI, ok, this is the indicator, I can remove that indicator also, ok, and the indicator
00:50:23later on you remove it, this is RSI, relative strength index, relative strength index
00:50:33you can get the value, if you get the value, if you get the value, it is the right time to buy,
00:50:4470 touch on the other side, you can get the value, maximum 70 closer, you can get the value,
00:50:56when you get the value, if you get the value, it may be 50, it may be 50,
00:51:0350-50 touch on the other side, in the render range, you can get the value, the peak on the other side,
00:51:13that will be decided, if the company is not performing, we will talk about it, only price movement, plotting that in the chart, I am deciding about it, technical analysis, is that clear?
00:51:28clear? now, this chart, we have doubt theory, doubt theory, otherwise, name is doubt theory, doubt theory, okay, otherwise, name is doubt theory, doubt theory, okay,
00:51:58doubt theory, we have doubt theory, as well as, Elliot wave theory, this doubt theory, first, first, logics, plus wave, actually, doubt theory, what I said,
00:52:20whether you go to this stage, you will see the value of the market, this chart, that you can move the increase, or we go to this stage,
00:52:26if you look the increase, then we move the value of the negative and increase, then we move the value of the negative,
00:52:33If you want to see the head and shoulder, the peak will be head and the side of the head is the head.
00:52:46If you plot a diagram or a circle, the moment it touches after this formation, better you can exit here.
00:53:01This will be called as the neckline. This will be called as the neckline.
00:53:07If you want to see the reverse, it is called the head and shoulder type.
00:53:12In this case, it is called the inverse head and the side.
00:53:16If you want to see all these things, you can see all these things.
00:53:21But what is the dow theory? You can use it in the 1900s.
00:53:26First of all, this is the model of the dow theory.
00:53:30So, in the Wall Street Journal, Charles H. Dow.
00:53:34He is giving the idea of studying the price movement using the chart.
00:53:42If you want to see all these things, you can see all these things.
00:53:45If you want to see all these things, you can see the support and resistance.
00:53:50If you want to see the share price, you can see the trade.
00:53:56If you want to see the lower level, you can see the lower level of the dow.
00:54:07Then, you can see the increase in the lower level.
00:54:09When you want to see the current rate, you can see the trade.
00:54:11If you want to see the trade, you can see the lower level.
00:54:13The level is also due to the resistance level.
00:54:26All the level is due to the resistance level.
00:54:40So, you can see resistance number 1, resistance number 2.
00:54:47Resistance number 1, resistance number 2.
00:54:51Resistance number 1, if you look at the price, you will go up the low.
00:54:56The price is the stock market.
00:55:00That is the break.
00:55:03This is the analysis of the stock market.
00:55:08So, there is resistance 1, resistance 2. So, here, price increase is the point to pay resistance level.
00:55:18This is the support level. That is the support level. So, support 1, support 2, support 3, resistance 1, resistance 2.
00:55:31So, here is the line. You can draw the line here.
00:55:40This is the line chart.
00:55:44This is the movement here.
00:55:46The line is the photo.
00:55:56One second.
00:55:59So, you can connect to this.
00:56:01You can analyze later on by understanding all the logics in detail. Is that okay?
00:56:17But anyhow, I am not going to elaborate all these things for the practical purpose.
00:56:22It is only for the learning and understanding purpose.
00:56:24Next one is gaps.
00:56:27You know the gap is managed precede.
00:56:29It was to start aф║Ж zac game at the market dove for the last million.
00:56:39There is a gap heraus.
00:56:41It is to evaluate the gap analysis of the market coming.
00:56:43One sudden, now, some change came up.
00:56:45The name itself was a gap up.
00:56:47If you take the gap up with Write to the market,
00:56:50bullish gap, that is increase in the bullish gap, so here they have given the chart patterns, line chart, bar chart, that is explained
00:57:15we have n number of patterns, so this is v formation, inverted v, this is the pattern, tops and bottoms, this is different patterns
00:57:38this is the bottom, this is the double bottom, this is the double top, double top and double bottom, you have to explain it
00:57:50double top, whole India, you have to see it, you have to see it, you have to see it
00:57:58is that okay, head and shoulders, dow jones, dow jones, that is head and shoulders, so head and shoulders, dow jones, this will be the head, this will be the two shoulders
00:58:14this will be the neckline, inverted head and shoulders, rounded bottom, this will be the name, you have to see it, no need to panic
00:58:30so this is the rounding pattern, this is the cup pattern, actually this is the cup pattern, in the fundamental analysis
00:58:40if you are worth it, you have to see it, step in the top of the table, $10,000, you have to see it, $9,000, you have to see it
00:58:47the pair with $9,000, the stock is the order of the stock, $1,000, this will make the stock.
00:58:52I had around 1 and half lakhs in this company's share, almost it went up to 6 lakhs.
00:59:19I had to take a look at our study.
00:59:30I had to take a look at the cup format and see the rate.
00:59:39Also, you know the same reason.
00:59:42This is 10x2-9060 for this rate.
00:59:46So, for this look at this result, it's a cup model.
00:59:51This is cup model.
00:59:55But, what company are you using?
00:59:57How many company can you form?
00:59:58How many company can you form?
01:00:00How much company can you form?
01:00:02You can pick it up instead.
01:00:04Here is the whole thing,
01:00:07And triangle models are there. So, triangles model, descending triangle, ascending triangles are there. Apart from that in the chart we have point and figure chart. We have point and figure chart also point and figure chart.
01:00:27Flags are there. Flag, flag, flag, flag, flag, and flag. Flag is there. Flag if we are able to analyze, please note, this is the right time to invest.
01:00:52This is one of the upper flag formations. Down flag is reversed, but that's how you put the diagram on the diagram.
01:01:01This is the down flag. Down flag, then here.
01:01:05So, if you look at the formation, I don't think so.
01:01:12Now, here, point and figure charts.
01:01:17Point and figure charts. Price movement.
01:01:21Now, I'm 90, I'm 90, I'm 90, I'm 90, I'm 90, I'm 90, I'm 90, I'm 90.
01:01:25If the market is crashing, I'm going to go.
01:01:29If you record the number of points and charts, you record the number of points and charts.
01:01:36Price day 1, day 2, day 3, day 4.
01:01:41That's the story.
01:01:55Then 255, then 255, then 253, then 255, then 255, then 255, then 255, then 255, then 255.
01:02:10Okay, this is a price, so we can get a chart.
01:02:16Actually, the line chart is day 1, 1, 2, 3, 4, then 6, 7, 8.
01:02:26Now, we will start with 251, 252, 253, 254, 255, 256, 257.
01:02:41Plot No. 1, 253, 1, 4, 255, then 257, then 251, 251, 251, then 253.
01:02:56that you know, but point and figure chart
01:03:03in the figure chart, if you look at 253, 253 in the first date, that will enter
01:03:11255, if you look at the increase then enter, then enter
01:03:18257 is higher, and then enter, 252 is a bit more.
01:03:26253 will go up to the circle, 253 is increased, 253 is higher, and then enter
01:03:34255 is higher, then enter that same time
01:03:39For this will be the point and figure chart, is that clear?
01:03:45Hope you could not understand. Point and figure chart, flags. Is that clear?
01:03:56Okay. This will be another chart. Penant chart. Okay. Upward and downward.
01:04:08We have given the candlestick chart. Candlestick chart.
01:04:30Blank up to the green color. Blank up to the green color.
01:04:37This is black color. Red color. Black color.
01:04:42Black color. Close price is less than open price.
01:04:48Open price is less than open price.
01:04:52Close price is less than black color. Open price is less than close price is higher than green color.
01:04:59Blank body design. Okay. Candlestick chart.
01:05:07Elliot wave also one more theory. Just a simulator.
01:05:11Doe Jones mother. Elliot wave.
01:05:13Elliot wave.
01:05:16Elliot wave.
01:05:18Elliot wave.
01:05:20Elliot wave.
01:05:22So, if you look at this wave, it's a little bit more than a wave.
01:05:28Then, the wave looks at the swirling of the wave.
01:05:32You see, this wave is a little bit more than a wave.
01:05:37It's a little bit more than a wave.
01:05:42If you want to talk about it, it's very interesting, you can talk about it in a story.
01:05:47Ralph Nielsen Elliot, Elliot Wave Theory, 1920s.
01:05:53Trade happens in repetitive cycles.
01:05:57His theory resembles like Dow Jones, head and shoulders, waves, but what are 5 waves?
01:06:055-3 waves complete a cycle, 5-3 waves, 1, 2, 3, 4, and 5, 5-3 waves, this is 5.
01:06:16Oscillation is 4th and 5th.
01:06:20Top 5 is going to go down, down flow, so you can study.
01:06:25One up, one down, one up, one down, one up.
01:06:29In the last 5 waves, you can go down, down flow, so you can reach it, you can sell it, Elliot Wave Theory is a logic.
01:06:37Is that clear?
01:06:40No.
01:06:41No.
01:06:42We have been given Moving Average Theory, Moving Average.
01:06:48Moving Average, here are indicators.
01:06:51Okay, Moving Average.
01:06:55Moving Average.
01:06:56Moving Average.
01:06:57Moving Average is 3 days Moving Average, 5-day Moving Average is there.
01:07:01For example, you can study stats, 5-day Moving Average of ABC Company.
01:07:06February 4, 6, 7, 8, 11, 12, 13.
01:07:09That is, market leave are cut and active are market days.
01:07:165 days Moving Average is there.
01:07:185 days add.
01:07:20Then take the average of that.
01:07:21So, 1, 2, 3, 4, 5.
01:07:24Then take the average of that.
01:07:25So, 1, 2, 3, 4, 5.
01:07:27This is average.
01:07:28The average will be posted here.
01:07:31Okay.
01:07:32In the average, will be this one.
01:07:37So, this is both.
01:07:39This is the average.
01:07:40Then, the average will be plot.
01:07:41Line short, there is something.
01:07:42This is the actual price moment.
01:07:45It is the actual price moment.
01:07:47And Moving Average is the price moment.
01:07:49It is the moving average.
01:07:51This is Moving Average.
01:07:53Moving Average, cross the average will sell.
01:07:56Moving Average will sell.
01:07:57Moving Average will cross the average ╨▓╨╕╨┤ of that.
01:07:59By buying.
01:08:00It will indicate that.
01:08:02You want to tell about Moving Average.
01:08:04average. 5-day moving average, 10-days moving, the signal is coming. The moving average is
01:08:10cross, buy and moving average is sell. I am not responsible for all the financial
01:08:19losses you will be facing due to studying this technical analysis.
01:08:23Apart from that, we have exponential moving average EMA. Simple moving average, weighted
01:08:44moving average, exponential moving average, 100-days, 200-days, then we have
01:08:53oscillators, we have the oscillators, oscillators LA MACD moving average, convergence and divergence
01:09:06ok. And RSI and RSI, relative strength index ok. And this one, stochastic, stochastic,
01:09:28it is oscillators ok. So, we have been given stochastic, RSI, MACD, moving average, convergence,
01:09:35divergence, 3-day vision. MACD, RSI and stochastic ok.
01:09:41At the same time, we have been given stochastic, RSI, MACD moving average, conversion divergence
01:09:48divergence, 3-day divergence, 3-day vision. MACD, RSI and stochastic. Ok. At the same time,
01:09:55moving average, exponential moving average, right. Ok. Let us now see. So, do we have the moving
01:10:03average, sir? Powerful. Oh my god. Yeah. Short.
01:10:10Ok. Let us now see. So, do we have the moving average, sir? Powerful. Oh my god. Yeah. Short.
01:10:32Chart. I will just take the advance chart. That way, chart will conquer. Ok.
01:10:53Chart. This chart. Function. Function. Function. You can take the advance chart.
01:11:00This is moving average. Moving average.
01:11:15Moving average. Moving average.
01:11:18Moving average, you can take two lines. You can take smooth lines. It is moving average.
01:11:25In the moving average, simple moving average taken 9 days. 9 days moving average use
01:11:325 days. So, manual. Just feed the data. It will give you the chart and you have to understand
01:11:41how to read the charts. Ok. It is moving average.
01:11:45Exponential moving average.
01:11:46Exponential moving average. Here is. Double exponential moving average. It is exponential moving average.
01:12:02So, I will remove the data. I will go for fresh one. Moneycontrol.com. I will now go for JSW.
01:12:19JSW. Steel.
01:12:27You have the chart.
01:12:30Advanced chart. So, I have to remove all those things. Unwanted things.
01:12:44Once again.
01:12:45Ok.
01:12:46I have to remove all those things. I don't know. Ok.
01:13:07Ok.
01:13:08That is top of the 6. Overlap of the Connabinante.
01:13:24Once again.
01:13:34Just hanging.
01:13:35Okay.
01:13:36Alright.
01:13:37Now.
01:13:38Let's move on.
01:13:42Ok.
01:13:43Alright.
01:13:46Alright.
01:13:48Ok.
01:13:49Ok.
01:13:50Ok.
01:13:51Ok.
01:13:52Ok.
01:13:53One second.
01:13:55Ok.
01:13:56Ok.
01:13:57Ok.
01:13:58Ok.
01:13:59Ok.
01:14:00Ok.
01:14:01Ok.
01:14:02One second. So, we will discuss the GHW steel. Either the chart is correct, advanced chart.
01:14:32So, here in advanced chart, indicators will be oscillators. That will be called oscillators.
01:14:50MACD, Moving Average, Convergence and Divergence.
01:15:05Okay.
01:15:07You will notice that you are moving on the path.
01:15:14RSI, Bollinger Bond, you will notice that you are moving on.
01:15:19Stochastic. Stochastic path.
01:15:22Stochastic, this is your diagram.
01:15:25This is called oscillators.
01:15:29Okay. Stochastic.
01:15:32So, if you read that down to me, warning sense, you have to get out, get out, okay.
01:15:37So, red color, stochastic color, indicator, stochastic.
01:15:44Apart from that, MACD, convergence and divergence, moving average, convergence and divergence, MACD.
01:16:00Okay, one second, one second, one second, MACD.
01:16:12So, MACD advantage is, this one is the MACD.
01:16:21Okay.
01:16:22Now, exponential moving average, for your understanding, for your understanding.
01:16:29Okay.
01:16:30Now, exponential moving average is the weighted moving average.
01:16:36Okay.
01:16:37Recent prices are given more weightage than the older price.
01:16:51Weightage could be, the weightage could be, the exponential.
01:16:52That is all.
01:16:53Is that clear?
01:16:54Calculation of EMA is more complex than the calculation of simple moving average.
01:16:58In the past, 10-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0.
01:17:00Okay.
01:17:01And exponential moving average is the weighted moving average, we are on the career.
01:17:02Okay.
01:17:03Recent prices are given more weightage than the older price.
01:17:04Weightage could be, the weightage could be putting, the exponential.
01:17:09That's all.
01:17:10Is that clear?
01:17:11Calculation of EMA is more complex than the calculation of simple moving average.
01:17:15This is complex.
01:17:17That is why if you have 14000$,
01:17:20if you have weightage,
01:17:22you can divide the value.
01:17:24If you have 14000$,
01:17:26you can wait for the year.
01:17:27If you have more than the moving average,
01:17:29you can write exponential moving average.
01:17:31If you have calculated the example,
01:17:34weighted moving average is exponential moving average.
01:17:37It is very simple.
01:17:4312-day exponential moving average.
01:17:4626-day exponential moving average.
01:17:50You calculate exponential moving average for 12-days and 26-days.
01:17:55Moving average, convergence and divergence.
01:17:57It is usually, usual days on the 12-days and 26-days.
01:18:01You calculate exponential moving average for 12-days and 26-days,
01:18:04reticular difference in the MACD.
01:18:07Of course, there are lots of variants also there.
01:18:09Longer term exponential moving average.
01:18:11LE, MA.
01:18:12That is why MACD is NN.
01:18:14So, MACD is 12-day exponential moving average.
01:18:1926-day exponential moving average day.
01:18:22You have subtract funding.
01:18:23That is MACD.
01:18:25Moving Average Conversion and Divergence.
01:18:27Right.
01:18:28That's right.
01:18:29That's right.
01:18:31The signals on the right is not our product.
01:18:33Relative strength index is not the nature.
01:18:35Okay.
01:18:36Relative strength index is not the right.
01:18:37Okay.
01:18:38RSI.
01:18:39RSI 30% trend.
01:18:4030% are you getting to know what the?
01:18:41You have to know that.
01:18:4270% is already around.
01:18:43Okay.
01:18:4430 and 70.
01:18:4530 and 70, that's how we calculate RSI, 100 minus 100 divided by 1 plus RSI, RSI is average gain per day divided by average loss per day, average loss per day,
01:19:0234, 94 and 24, usually RSI calculate 5-7-9, 14 days and you should find a 9 days.
01:19:16What the price movement means is that you have to say the price movement in 5 days, 7 days and is also expected of 5 days, 7 days, 9 days, 14 days.
01:19:24If you want to see the price movement,
01:19:279 days of price moment,
01:19:30where you price movement is 0, 4, 3, 3, 19, 3, 70.
01:19:34If you cut 4, you cut 1, 22, 2.
01:19:38The price movement is 0, which is 0, and the price movement is 0.
01:19:43If you group 1 gain and 3.
01:19:45gain would average low loss would average in that
01:19:49if you divide it then gain would average divided by loss would average divided by that is called r
01:20:00that is 100 minus 100 by 1 plus that r and the r is 5.78 divided by 0.67
01:20:10in the rsi value 30 touch pannitschina
01:20:14you have come 100 touch pannitschina
01:20:17sorry 70 touch pannitschina
01:20:19we paste pannitschina
01:20:20that is what about the rsi case here rsi
01:20:23stochastic is another one variant stochastic okay
01:20:27so high low base pannitschina calculate pannitschina
01:20:30it is probability based model i think that you can refer of course it is not required for your exams also
01:20:35so with that i i think i have we have completed all the concepts of
01:20:40technical analysis okay
01:20:42chinnada one theory maria one solved case study
01:20:45for your understanding
01:20:47so with that fundamental analysis as well as technical analysis concept is over
01:20:51technical analysis what i have discussed is only for understanding purpose
01:20:55example on the
01:20:56enna kya appangana dow jones na enna
01:20:58elate wave na enna oscillators na enna oscillators na enna oscillators na mponu paathth
01:21:01oscillators na enna thom
01:21:02nama enna transaction value consider pannitschina
01:21:04that is why we are up or down mow
01:21:08oscillators
01:21:09upside up touch pannitschina
01:21:10down side up touch pannitschina purchase pannitschina
01:21:14oscillators
01:21:15that is rsi unnu paaththom macd unnu paaththom stochastic unnu paaththom
01:21:18rsi calculations format
01:21:20so with that analysis of fundamental and technical analysis over here is that clear
01:21:36is that clear
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