Mr.Bhagat, a Chartered Accountant, works as Financial Advisor of ‘Sun International Ltd.’In this connection, he continuously visits the company. During the course of meetings with the senior managers and operators he came across secret information of the company. Often it is observed that when such information becomes public then the share market jumps up. Considering it, Mr. Bhagat purchased large number of company’s shares before the news reached the public. Identify the type of trading of shares conducted by Mr.Bhagat, as mentioned in the above paragraph.
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The trading done by Mr Bhagat is Technical trading as he observed the graphs and charts.
He saw how the lines are going up and when the stock or index is falling down in the market.
It is essential to check the divergence and convergence before investing in the stocks that might indicate the sell or buy signals
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