When we buy a stock, there are two types of analysis, first we look at the fundamentals of the company and then decide to invest in it, second we look at the price action, we look at the technical, by which we guess whether the price will rise or fall from here, so if you also want to trade, want to buy a stock, want to do technical analysis, then you have come to the right video. Well there is a series going on in which I am teaching my younger brother the stock market step by step, so today in this video you are going to learn a lot and I can tell you that I will explain you in such simple words which you will hardly find anywhere on the whole internet, so if you want to learn technical analysis then you have come to a great video, we will start from the very beginning, so Vivu, by now you have understood a lot, today we want to see that whenever we buy a stock or like here is an IT ETF, we decide to buy it. So what decision should we take? How do we know how far the price can go, how low it can fall? Is it the right time or the wrong time? So the first thing we do is that we always bet on a running horse. What does a running horse mean? Something that has a very high probability of moving. We don’t try to catch a falling knife or a falling sword. So don’t catch a falling knife. We need to feed the running horse. So the stock which is trending or the stock I am a TF investor, I think I can get a good ETF from here. If I am getting the right price, what would be the right price? What should we analyse? So ETF? You know there is a basket of stocks. So what is it now? If we look at Nifty. Nifty, Bank Nifty, we look at Sensex. So look at Nifty, it is almost at its all time high. So this. You know that the fall that you are seeing is due to the news, it was due to the election results and the market has completely recovered, so we will not discuss it much now because these results, panic like situations or events are rare, they happen for a few days in a year but ultimately which pattern is going on in the market, that pattern is called identification and for price action we first see which trend is going on, so if I don’t tell you anything and just show you the chart till here, then what will you say, from here till here what did the price do, it has gone up, it has increased, it has gone up and if I say from here till here what did the price do, it has decreased, it has fallen, it has fallen and what is visible now is again seen increasing, again this much is visible to the eyes, this is what we have to see in the chart, now what do technical analysts do for this, they first make a trend line so that they can identify, so this is a tool of trend line, okay what do we do Vibhu whenever we make a trend line, trend line, I want to tell you guys that today I am going to talk about trend line I am teaching you how to make a trend line, when I wanted to learn on my own there was no one to teach me, so Vibhu I did not even know how to plot a trend line, I will give you an example, okay, I take it from here and make a trend line, okay, we have made a trend line, now I have made it on the chart of BSC, I will open another chart here, now it is a little bit, the same thing is IT ETF, there is a difference between the charts of PSC and NSC, okay, there is a different thing for stocks, in stocks, the charts of NSC are absolutely clean, but in ETF, I like the chart of BSC better, it has less noise, look, you are seeing a different chart of the same thing, it is the same thing, yes the price is also the same, exactly the same, if you will see here ₹ 1 paisa 3548, it is rare, you will see a lower price in BSC.