Price Action Trade

Prof. S. Thilak, Assistant Professor, MBA , SANSAC

Support and Resistance
Support and resistance simply refer to price levels on a market thinking of high probability of showing reactions those levels. Historic price reactions are the ways to identify support and resistance for future use. Support level are areas we expect there to be a lot of buyers and resistance levels areas where we expect there to be a lot of seller. One has tended to find that important level in the past are often reaction areas when the market revisits. As a price action trader, can identify these areas as price level to watch for potential trading opportunities. Look for interested areas that have shown to be significant historically and areas that have been used as both support and resistance.
Support and Resistance is very rarely an exact level instead, think of them as support and resistance zones. Support and resistance are somewhat subjective, never have the exact same areas marked as another trader. The most important point is that confident in particular zones, Building confidence through back testing forward testing and also live trading. Drawing in market movement can help to identify strong support and resistance level and train to spot them. A lot of people focus on the very highest level of price movement or the lowest level, but they are not always the key support and resistance.
Different time frames
There are different time frames which is based on the trader and the situation the most popular time frames are daily time frame, 4 hours time frame, 1 hour time frame, 30 minutes time frame, 15 minutes time frame and 1 minute time frame. There isn’t a definite time frame that one can trade, it happens based on once’s personal situation, trading style and suitability of the trader.
Higher Time Frames (Daily and 4 Hour Time frame)
This involves a less screen time than lower time frames, since if takes 4 hours or full day for each candle to print. This is suited to the people who works full time and don’t want to spend a lot of spare time on the charts. They have less trading opportunities which takes weeks or months for market to reach the areas . This can be frustrating which means if good setup misses, it can miss a large portion of year’s overall profitability.

Lower Time Frames (5 minutes and 15 minutes Time frames
This would be considered as day trading as lower time frames tend to offer more trading opportunities. Although this may seem more exciting as more trading opportunities can lead to more losses. It is easier to over trade but after a loss a market will likely to test another of your trading areas relatively, quickly and through frustrations any one start compounding mistakes as trades take less time to complete and in most instance trading is out on the same day entered and it requires more screen time. This means it is suited to people who can spend full day at the charts but they should only concentrate on one or two markets.

Mid Time Frames (30 minutes and 1 Hour Time Frames)
These are often seen as happy medium as they don’t require much screen time as a day trading, but do not require large stops as higher time frame trading still offers a good amount of trading opportunities and plenty of time to assess and analyse a market before placing a trade. Since each candle takes 30 minutes or an hour to print and it clears out a lot of market noise that can make lower time frame more difficult to read accurately. Trades can still last days and week; trader need not to sit and individually manage each trade and can stop sizes that are manageable with lower volatility, allowing for stops as low as 20-30 points frequently.

1minute time frame and lower
These are very fast and exciting, which can give more profits or more losses only if the traders are expert in it can opt these options unless they are ready to take huge risk.
If the trader is a beginner, learn what time frame suits you as you learn. Eventually settle on one that fits with situation and how you want to trade. The truth is, if one is trading using price strategy very often they can be utilised across different time frames without too much alterations.

HOSPITAL PREPAREDNESS AND RESPONSE

Ms. V. Vidhya, Asst Professor, Department of MBA, Sankara College of Science and Commerce

 Hospitals and other healthcare facility place a major role in national and local responses to the epidemics and pandemics. After COVID arrival the structure and function of hospital departments are changed. There were never been a separate ward for fever it will be termed as General Medicine ward. Now the scenario has changed it has become mandatory to set up a fever clinic or isolation ward separately for fever patients. The hospital authorities have to be prepared for admitting the fever patients without disturbing the regular patients and utmost care should be taken not to provoke cross infection to other patients.

WHO has given some guidelines for the hospital to adapt themselves from any kind of situation occurs in upcoming years. Here I have given some of the instructions to be followed by the hospital authorities for encountering the pandemic cases.

Fever clinic and COVID test

It is now a usual procedure to take COVID test for the patients who undergo treatment for other health related problems. Every hospital to setup a fever clinic and the health of patients and relatives entering the hospital premises should be assessed accordingly.

 Infection prevention and control

The hospital is a sensitive area where all types of patients will be present and utmost care should be taken that there should not be cross infection. All staffs should be communicated properly that how to encounter a pandemic disaster including non-clinicals staffs. Infection control precautions for triage and flow of patients through fever clinic to other areas should be monitored.

Human resource

In epidemic and pandemic situations, the human resource should be adequate to handle the cases. The clinical and non-clinical staffs should be given proper instructions about their duties and responsibilities as they are the primary people to encounter any pandemic and epidemic situations.

 Screening at Gate

Even after the pandemic situation settles down it will be mandatory to the hospital authorities to screen all their employees, patients and their relatives, and all the persons who enter the hospital for a basic check up at the gate of the hospital. Proper sanitizing and themal checking should be done before anyone enters the hospital.

Logistics at hospital

It is also an essential part of the hospital function as many medicines, surgical items, and stationary items will be procured from outside. The risk becomes high if there are frequent transport issues in the hospital. But one way it is inevitable to run the hospital without any problems. So, procurement department should take necessary actions like providing separate space for goods that is received from other areas, sanitizing their hands after handling the goods, or by wearing gloves to handle it and so on.

Hospital Pharmacy

The high-risk place is where people will gather in the hospital is the pharmacy to get their appropriate medicines. Here the hospital authorities should ensure social distancing between the customers who come to buy medicines as well as in the counters who face the customers for issuing medicines. It will be proper if they have a token system to receive the prescription and issue of the medicines.

Hospital Lab

The flow in the laboratory should be arranged in such a manner that only sample collection will be encountered with the patients and not all sections of the laboratories. Proper instructions should be given to the patients as well as to the lab employees to maintain proper distancing and safety measures to be taken while disseminating the reports to the patients. The hospital authorities can provide the results through online to avoid people gathering in the laboratory

To conclude the hospitals are the susceptible body for different kinds of infections and diseases. So safety measures and preparedness should be high in adverse situations. In todays world people believe that they come to hospital to recover from illness, the hospital authorities should not cross infect them due to their unhygienic practices.

GET PREPARE FOR FINANCIAL CRISIS!!!!

Ms.K.Sindhuja,Asst.Prof

Department of MBA, SANSAC

“It isn’t what you earn but how spend it that fixes your class.”
― Sinclair Lewis

As the corona virus keeps on unleashing ruin on individuals’ spending plans, salary, money related dependability, and the economy, numerous individuals are compelled to take a look at their accounts with new eyes.

Truly, the chances of another monetary emergency in your own life are unavoidable. Negative budgetary occasions, for example, an occupation misfortune, a sickness, or an auto crash can leave us feeling sad and focused.

Figure out how to transform an individual monetary emergency into an impermanent mishap that you can survive. The odds of something happening that is outside your ability to control is high, and it could be costly. Realize what you can do now to set up your accounts.

Increase your fluid investment funds:

At the point when you spend short of what you make, you have to accomplish something with that cash. Perhaps the best thing you can do is to make a backup or add to one. Consider its protection forever’s startling occasions. A secret stash will ensure you against life’s vulnerabilities.

Make a reasonable financial plan:

Making an establishment and guide with the pay you do have is basic. You can’t change what you don’t have the foggiest idea, and in a budgetary emergency, you should think and make changes rapidly.

Money related mindfulness is vital, and in the event that you aren’t using a financial plan, it will be difficult to know whether you are right now living beneath your methods. A spending plan is likewise the go-to asset for rattling off your costs. This will enable you to cut costs from your life dependent on significance and need.

Concentrate on being readied, not simply taking care of the bills:

Paying for the necessities to live is critical, yet ensuring we are not putting ourselves further paying off debtors is likewise basic during a money related emergency.

Pay off your debts:

Diminishing your month to month money related commitments will give you extra pay to concentrate on other basic costs.

Start with taking care of high-debt. The exact opposite thing you need during a budgetary emergency is having your cash go towards premium installments.

Search for approaches to acquire additional money:

Having a security net if there should be an occurrence of an occupation deficit or diminished hours can give you genuine feelings of serenity that you’ll despite everything have a wellspring of salary regardless of what occurs.

                   Life is unusual, and budgetary difficulties can never come at a decent time.

Cobots VS Covid-19

Dr.D.Sathishkumar, Asst.Professor, Sankara College of Science and Commerce

Cobots= Collaborative Robots
Cobots are emerging as a force for good in the manufacturing the personal protection equipment, Cobots can work like humans, humans are safely or on their own. Cobots are the response to accelerating repetitive tasks in the manufacturing environment while simultaneously addressing concerns around social distancing and the safety of the employees. Universal robots have noted the demand for its cobots in various industries across the globe to help ramp up production.
Disinfection wit Cobots
The pandemic has seen massive increase in demand for effective deep cleaning and disinfection technologies that do not involve direct human contact with potentially infected areas.. Researchers programmed the cobot to mimic human hand movements so that it can get in to hard to each areas such as under beds and tables- a feature that has been missing from traditional disinfection robots that are not as dexterous.
The Robots are designed to run for four hours straight on a single charge and has been successfully tested in public areas on the University campus, and a trail towards at local public hospitals.
Covid-19 tested with Cobots
Covid-19 has resulted in unprecedented demand for medical testing. In response to this extraordinary demand, universal robots co-founder turned these creative energies to the design and development of the world’s first autonomous throat swabbing robot launched by lifeline robotics. The robot uses UR3 cobot arms fitted with custom 3D-printed end-effecter. The process is simplicity itself, beginning with the patient scanning their ID Card. Right away, the robot prepares a sample kit, consisting of a container with a printed ID- label and it picks up the swab. Then using it’s built in version system, the robot identifies the right points to swab in the patients throat. As soon as the swab process is complete, the boot places the sample in a jar and screw on the lob. The jar is then sent to a lab for analysis.
Ventilator Manufacturing with Cobots
Cobots inherent flexibility helps to support the rapid development and deployment of automation, a feature that really comes to the force in times of crises. Ex: The Spanish car manufacturer SEAT decided to transform one of its assembly lines from its original automotive role to ventilation production. The auto giant installed an UR10e at the end of the line to perform a quality check of the locking mechanism on the units control box.

Know your Debt

Prof. S. Thilak, Assistant Professor, Department of MBA, Sankara College of Science and Commerce

Understanding the debts.

            Before going to purchase any product, we need to think is this purchase using a loan necessary or can you save up and purchase it later. If we choose to go for the loan, than we have to consider the interest rate and other fee charges that has to be paid on the top of the principal sum and also we need to read the documents fully and carefully before signing. The document should not be signed if the terms conditions and repayment schedule is not understandable. Check the budget, how much is left for the debt repayments after meeting all your monthly expenses, borrowings and savings, Built-in some allowance so that expenses will be taken care, if suddenly expenses go up over that time. Do built-in some buffer if you have the floating rate loan just in case interest rates goes high. Make sure that all of you have sufficient savings to meet on going expenses and debt obligations. Every loan repayment must be paid in full, even if any personal circumstances change like loss of job or suffer a pay cut.

Think before to act as a guarantor

            The guarantor is person who guarantees to pay for some debt so, think before to act as a guarantor because it is a serious commitment. As you have to pay off the debt for the borrowers if he/she is unable to repay the debt and you may not be able to recover the money from the borrower in future and also you are liable for the future charges, legal cost , interest if payment is delayed, liable for all outstanding debts and future advances until the lender explicitly releases from obligations. The lender may take action against guarantor without taking action against the borrower. If a person is a ready to act as a guarantor remember that in worst case scenario are you ready to pay someone’s debt? So, think before to act as a guarantor.

What to do immediately when you are in debt

1. List down all the lenders and persons that you have owed money.
2. Indicate the total amount owed, if the debt is secured and whether any legal actions has been taken
3. Prioritise the repayment of debts.
4. Pay off the debts with the highest interest due first.
5. Next pay off the debts with short grace periods before interest and late payment fees are imposed.
6. Stop using the credit cards and credit lines immediately.
7. Pay on time to avoid late fee charge or any more interest.
8. Stick to the initial payment amount from day1 of repayment.

Do’s and Don’ts

1. Take initiative to contact your creditors and seek help from them.
2. Answer the creditor’s calls.
3. Open, read and respond to the creditor’s mail.
4. Make payment to your best ability while negotiating with the creditors.
5. Pay off high interest debts first.
6. Don’t use credit facilities any more
7. Don’t assume that creditors will lose more by suing you to bankruptcy.

Options can take during in debt.

Lump sum settlement at a discount

• Negotiate with creditors for a discount.
• Raise fund through sale of assets, borrowing from cheaper sources.
• Take a loan from insurance cash value but compare the loan interest rate first. Do note that the coverage will reduce or lapse if the loan is not been repaid back.

Self-administration

            Appeal for lower instalments through direct contact with creditors.

To conclude the information which is above said all related to an individual who lends money from different sources for different reasons. Lending money would be easy task but it gets difficult when the loan is not repaid . So, think before the action you do before lending the money. Calculate the income and expenditure of your own and plan your debt. You should be able to predict your future earnings and decide the life style according to it. If you’re lending a loan try to convert that loan into assets which would help you from insolvency. Always be ready with the plan B, because we do not know when the situation will change and when financial crisis happens like times in COVID-19.

Few points to avoid Debts

1. Always go for a minimum rate of interest and short-term loan.
2. If your desire to buy anything, try to save money for and buy it.
3. Try to minimise your usage of your Credit Card.
4. Follow the thump rule: After saving rest are expenses.

JAMBOARD FOR THE NEXT GEN

Ms.K.SINDHUJA, Asst.Prof
SANKARA COLLEGE OF SCIENCE & COMMERCE

“Technology is just a tool. In terms of getting the kids working together and motivating them, the teacher is most important.” – Bill Gates
Technology in Education is changing drastically. New and awesome technologies which make the teaching more interesting to students are way to go. Though there are many educational technology the new app Jam board launched creates a drift in teaching which is absolutely a interesting teaching method tool in the current trend.
Google then and there comes with a new technology. In 2016 it came with a teaching supportive platform called JAMBOARD.
Jam board is an intelligent whiteboard created by Google, as a component of the G Suite family. It has a 55″ 4K contact screen show, and has similarity for online joint effort through cross-stage support.
Google Jam board is a whiteboard-like 4K contact show you can use for gatherings and introduction purposes. Turn it on, draw on it, flip through slides on it, whatever. Google has added G Suite backing to Jam board, so clients will have the option to straightforwardly get to and alter Docs, Sheets, Slides, and photographs put away in Drive
Jam board is one brilliant showcase. Rapidly pull in pictures from a Google search, spare work to the cloud naturally, utilize the simple to-understand penmanship and shape acknowledgment device, and draw with a pointer however delete with your finger – simply like a whiteboard.
You can utilize the Jam board application on a tablet, cell phone, and from a program with the Jam board web application.

With Jam board, you can:
1. Write and draw with the included pointer.

2. Search Google and supplement pictures or website pages.

3. Drag and resize text and pictures with your fingers.

4. Sketch a container, star, feline, or winged serpent. Picture acknowledgment innovation changes over your sketch into a cleaned picture.

5. Share your jams with associates.

Several improvements are made a way to join and open Jams on Jam board, and share Jams with people from mobile and tablet devices. We can now share Jams using the standard G Suite sharing methods. And the Jam Board is also assessable through Bluetooth which is an default option in all device so working with Jam board will not be a tough task. The updated Jam board phone apps for Android and iOS allow you to draw, add notes or images, and insert content from Google Drive, among other features.
Enjoy the technology with the ease use of the app….
“It is not about the technology; it’s about sharing knowledge and information, communicating efficiently, building learning communities and creating a culture of professionalism in schools. These are the key responsibilities of all educational leaders.” – Marion Ginapolis

Team Working Competency for High Performance

Dr. Priya .K, HOD, Sankara College of Science and Commerce

      Human being is a social being thus he needs to interact with people. Every individual should have experienced in one way or other way how to work in a group or a team from his childhood schooling to wherever he is earning his livelihood . But unfortunately not every group succeeds in its goals however we can avoid this failure by exercising a team work and work as a team not as a group. When these small things coincide success knocks your door.

• Talent wins games, but teamwork and intelligence win championships.”
• T is for Talent, E is for Enthusiasm, A is for Accountability, M is for Management, W is for Work-able,O is for openness, R is for Respect, K is for Keenness
• T is for Talent: Talent means a person’s knowledge which can be explicitly be learned from some useful handbooks .However implicit knowledge can be acquired through experience and practice.
• E is for Enthusiasm: Team members must also be passionate and must seek responsibility towards the work they are doing and also should set an example for his other colleagues to work.
• A is for Accountability: Every employee is accountable not only to his team but to all his other colleagues. As we are not responsible for ourselves but it is also everyone’s responsibility to keep others informed.
• M is for Management: Every employee must know his competency and what their peers can do best so it is the responsibility of every team members that he manages himself and harness the strength of all employees.
• W is for Work-able: It means adaptability skills , all employees must be ready for a change and how to react on it .
• O is for Openness: Each and every team members should be open to new ideas and suggestions and should have capability to understand people .
• R is for Respect: employees should respect each other so that he can expect a respect in return and during brainstorming every one must be able to raise his opinions without any hard feelings.
• K is for Keenness: Keenness is the final key while working as a team as it is the intensity and it pushes us to move on until we are finally done.

MENTAL HEALTH & COVID 19
Ms. V.Vidhya, Asst Professor, Department of MBA
Sankara College of Science and Commerce

Mental Health is not a destination, but a process. It is about how you drive and not where you are going. In this whole world where Corona is the only mantra, we the public is affected mentally rather than Covid 19. Myths and facts of Covid 19 drives inside each individual and it makes to feel that if body changes due to climatic conditions, we must take a test for Covid 19. And once the test is taken you will be quarantined for 14 days. This makes up all individual to think if it is really needed to take the test or not. Let’s all think our earlier years where these kinds of outbreaks had happened already and people have come out from it successfully. One of the forms of influenza virus was the reason for the outbreak of Spanish flu, which had the highest death toll of 100 million people worldwide.

Now recently Covid 19 is also a form of influenza virus which is creating pandemic situation in world. Apart from taking precautions for pandemic, here I have given some information on mental health fitness in this pandemic situation. As countries have restricted the movement outside to reduce the number of infected cases, many of us has to remain inside our home safe and secure. Some people do work at home, some have household work with work at home, home schooling, lack of physical contact with our family members and colleagues all these changes take some time to get adapted. Adaptation to these changes in life style and fear of not contracting with the virus are challenging phase for us. This can induce some extra illness like obesity, mental stress, fatigue, Insomnia and so on.

The Do’s and Don’ts in lockdown:
Keep informed:

The advices from National and International should be obeyed while we are in lockdown due to COVID 19. Follow the advices given by the government and take precautions accordingly.

Have a routine
During the lock down all our routines will be disrupted, our life style diseases will go up high. To avoid this, we need to follow our routine work regularly if there is lock down or not. By keeping up our routine we can make ourselves healthy.

Minimize news feed
Try to reduce the intake of Corona virus spread new feed through TV channels and Internet. This will reduce our fear and stress of being infected by the virus.

Hand wash – make a practice
Hand wash should be our day to day routine practice now onwards. It is said that the virus contacts us through our hands, so if we go out and come home back without touching your body and other things it is mandatory to wash our hands with soap or hand washing liquid. Scientists had proved that once we wash our hands with soap or sanitizer as it creates holes in the body of virus and the virus gets killed, so let’s make a practice to wash our hands regularly.

Wearing Mask in public places
Wearing mask has become another mandatory practice to all during this pandemic situation. It is said that it will protect us from virus being spread by others. Beware of having self-disease also by over intake of carbon dioxide to our body by wearing mask. Try to put mask when we go out to any shop or urgency. It is like we wear our helmet while driving two-wheeler, we wear mask once we step out of our house. This will reduce our stress of being contacted with virus infected person.

Spend time with family
Many problems at home arise due to lack of communication with each other. As it is lockdown, we have to be at home to stay safely. This is the time we can sit and talk and relax with our family. The stress level will decrease by playing with children’s.
It is said that life is a journey, and go along with it. Like that Corona has become our neighbour and we cannot avoid it but we can prevent it by simply changing the lifestyle techniques. The fear or Corona, and lock down will lead to mental stress and depression for an individual which will in turn lead to other health diseases. So stay healthy, stay mentally strong and fight Corona.

AUTOMATE VEHICLE TECHNOLOGY TO PROTECT SUPPLY CHAIN TO REDUCE THE COVID-19 RISK

Dr.D.Sathishkumar, Asst.Professor, MBA, Sankara College of Science and Commerce.

Covid-19 Pandemic has radically changed the life style and work of every individual and industry. Video Chats, e-mail, teleconferences etc are keeping many on the job business, but technological tools cant protect every business from the negative effects of mandated stay at home orders and social distancing protocols. This is especially for production facilities, warehouses, logistics and other industries that make or move the products, business that might not be able to operate virtually. Many of these companies could soon face an existential choice to either shut down or find a way to adapt to new socially distance world.

Delivery and transportation services are more important in the current pandemic situation, and are already adjusting their operations to comply with guidelines aimed to reduce the covid-19 risk to their drivers and delivery personnel. Mask requirements and rules minimizing human contact are a solid first step, automated vehicle technology could be the key to protecting the global supply chain.

Industries in developed countries have been moving towards increased automation for years, modern warehouses are already using autonomous technology to move goods. Automated forklifts and other vehicles are becoming more common in distribution yards and other facilities. Automated trucks can take automated technology even further, transporting goods within or between facilities, with reduced human to human contact.
The Federal Motor Carrier safety Administration, which regulated the interstate trucking industry, has been generally supportive of vehicle automation in commercial vehicles, and is considering ways to adopt its regulation to allow trucks that have no human drivers present in the vehicle. Currently there is no national standard regarding how companies should build automated trucks or operate them across state lines. As a result automated truck developers could face state and local regulatory roadblocks.
Conflicting state by state rules on who can test or operate an automated vehicle and under what circumstances, can ultimately affect the trucking routes which could take advantage of automation in the near future. Some routes that could be prime candidates for automation could instead become non-viable if portions of the route run through a jurisdiction with more restrictive rules, and the path work of state regulations can create difficulties and delays, as companies must parse out different rules to determine if there is an planned operations of risk and non- compliance.

Now is the time for increased adoption of automation that could boost freight capacity while reducing delivery delays and burdens on human drivers. Legislators and regulators should recognize the immediate benefits that vehicle automation can have a critical supply chain infrastructure, and consider ways to enable and promote the use of automation technologies. However, with our political leaders currently focused on addressing immediate Covid-19 concerns, it is essential for automation companies to help lead the way by creating best practices and industry standards for automated trucking.

During this pandemic situation automated technology gets recognised means it will help to transfer goods from point of origin to the destination by maintaining social distance without human beings.