In this video of the Face2Face series, we will continue our conversation between Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, and Mr. Premal Parekh, as we talk about how Relative Strength can help us create efficient stock trading strategies and investing strategies. We will begin our video with a revision of the basics of Relative Strength and its various uses to the knowledgeable trader. We will discuss how Mr. Premal Parekh decided to choose the RS indicator as his go-to tool when it comes to the technical analysis of stocks as well.
In this video, we will touch upon the basic difference between relative strength and the relative strength index and their implications to our trading and investing strategies. We will also talk about how the relative strength of stocks in the market can help us identify lowly performing stocks and then suitably create the required stock trading and investing strategies for them.
To begin our technical discussion, we will focus on showing the effectiveness of the investing and trading strategies that Mr. Premal Parekh showed us through the working of relative strength on the charts. We will first see how the stocks selected through relative strength and the RSI have performed in the current market scenario, which has changed drastically due to the pandemic. He will once again talk about how technical charting platforms like Trading View have helped him bring clarity to his plan of action when it comes to trading with the power of relative strength.
These case studies are focused on some real-life trades which Mr. Premal Parekh has identified with his own teachings of the relative strength and the RSI indicator. We will look into how Mr. Premal Parekh creates his trading or investing model and strategy once he identifies stocks based on the RSI and relative strength.
Your Speaker
Premal Parekh
Your Host
Vivek Bajaj