This day I have remembered various price patterns in Technical analysis which helps to understand the price movement.
What are price patterns in technical analysis?: 1. CUP Pattern 2.Flag Pattern 3.Triangle Pattern
How price pattern are different from Dow Theory?: Price patterns indicates the price movement of a share whereas Dow theory indicates the market trend
What is Double Top? What are the conditions to determine the bearish trend?: Two equivalent tops with minimum duration of 20 days with good volume. If the Volume is high and price is moving down the previous bottom, it is the bearish trend and we go for short.
What is Double Bottom? What are their conditions to determine the bullish trend?: Two equivalent bottom with minimum duration of 20 days with good volume. If the Volume should be high after the second bottom. Price goes up above previous top shows bullish trend and we go for long buy.
What is rounding bottom / Cup pattern? What are their conditions to determine the bullish trend?: Rounding bottom or cup bottom takes long time to construct. During rounding bottom volume should be low. Bullish will maintain the volume and accumulation of stocks will be gradual
What is FLAG pattern? What are the conditions to qualify as perfect FLAG?: A steeper pole pattern with rectangular shaped sideways. It takes 4-7 days. Generally sellers will not actively participate and suddenly volume is expected to be more during break out.
What should be Entry price, Exit Price and Stop loss for Flag Pattern: Entry must be above the rectangular trend positive side, Exit price must be equally risk, reward and stop loss .Entry price should be just after the breakout Exit price should be just after the price movement has reversed its direction Stop loss should be at the point where the breakout gap is filled.
price pattern in technical analysis
feel free to call us +919500077790 info@eqsis.com
0 Comments
Stock Analysis
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5 | ||
6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 | 31 |
Bullish View
Bearish View
- Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
- FEDERAL BANK – BEARISH ENGULFING October 17, 2019
- Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
- Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
- Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
How this forum help stock traders?
Stock Trading is business, the success depends not just on capital or subscribing advisory services or participating workshops. The factors such as your awareness level about business, Efforts and your contributions, Smartness, Knowledge in analysis and trading instrument, availability of infrastructure and emotional control determine your success.