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Anish replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 8 years ago
Yes. Indian market opening is based on Asian market and closing is based on European market.
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Anish replied to the topic Why do we need to close the intraday position on the same day? Is it mandate? in the forum Intraday Analysis for Day Traders 8 years ago
Yes. It is mandatory to close the intraday position on the same day.
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Anish replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years ago
1. Understand the market direction by considering world market performance and Indian market performance.
2. Depending on the market direction, select top two performing or non-performing sectors.
3. From theses 2 sectors select 4 companies based on price and turnover separately.
4. These stocks are traded. If the market sentiment is positive…[Read more]
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Anish replied to the topic What is called technical indicators? How it is different from other analysis? in the forum Technical Indicators to understand market trend 8 years ago
Any class of metrics whose value is derived from generic price activity in a stock or asset. Technical indicators look to predict the future price levels, or simply the general price direction, of a security by looking at past patterns.
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Anish replied to the topic What is the logic behind golden Mean â Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years ago
If we divide a number at the current position (say, 8) to the number next in the series, say 13, the result would be approximately 0.618. In percentage it is termed as 61.8%. So 0.618 is termed as âthe Golden Rationâ or the âGolden meanâ.
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Anish replied to the topic How do we use Fibonacci retracement to identify support and resistance zone? in the forum Technical Indicators to understand market trend 8 years ago
Fibonacci retracement are levels that are used as alerts to find Resistance area or Support area. These retracements are based on the prior move of the market. Once a Pull back (reversal in the trend) starts, Fibonacci retracements can be used to find out next support and resistance levels.
The retracement lines are drawn between a major bottom…[Read more]
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Anish replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 8 years ago
Relative Strength Index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses, in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula: RSI = 100 â 100 / (1+RS) Where RS = Average of x daysâ up closes / Average of x daysâ down close…[Read more]
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Anish replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 8 years ago
Moving Average (MA) is an indicator in technical analysis that smooth out random price fluctuations. MA is based on past prices. Two commonly used MAs are Simple Moving Average (SMA) and Exponential Moving Average (EMA). SMA is the simple average of security over a defined number of time periods. The EMA gives bigger weight to more recent prices.…[Read more]
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Anish replied to the topic What are the characteristics of four phases (Consolidation, Breakout, Runaway and Exhaustion) of trend? in the forum GAP Analysis and its interpretations 8 years ago
Consolidation gap:
Consolidation gap can be a result of commonly occurring events. e.g. after an announcement of a stock split. These types of gaps often occur when a security is trading in a range. The gap will be small compared to the stockâs price movement. The gap often fills quickly, moving back to the pre-gap price range.
Breakaway g…[Read more]
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Anish replied to the topic How to create positions in gap analysis? target and stop loss of gap analysis? in the forum Stock market questions and answers 8 years ago
Long position can be created in positive runaway gap.
Short position can be created in gap formed in supply zone.
Based on the existing trend exhaustion gap can be identified.
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Anish replied to the topic How to name a GAP? What are Four Types of GAP? in the forum GAP Analysis and its interpretations 8 years ago
GAP is named as per the appearance.
There are 4 types of GAPs:
1.Breakout gap.
2.Runaway gap.
3.Trading gap.
4.Exhaustion gap.
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Anish replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 8 years ago
A gap is an area on a price chart where no trades occurred. Normally this occurs between the close of the market on one day and the open of the market on the next day. A significantly good earnings report published after stock market closure on one day, can increase the opening price of the stock on the next day, resulting in a gap. There are 4…[Read more]
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Anish replied to the topic Who should use candle stick analysis? What is the role of volume in candlestick analysis? in the forum The Simple Candlestick Analysis 8 years ago
Candlestick analysis can be used by short term traders. Volume is used to confirm trend reversals.
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Anish replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 8 years ago
The candlestick analysis is meant for short term duration and hence it is popular among traders. A candlestick chart is comprised of daily candlestick lines. A daily candlestick line contains the opening price, closing price, high and low of the stock for a particular day. Along with these, the candlestick has a wide part called âbodyâ. If the clo…[Read more]
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Anish replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 8 years ago
The general forecasting duration for candlestick analysis is one week.
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Anish replied to the topic What is Engulfing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years ago
Both bullish engulfing and bearish engulfing are reversal patterns. i.e. for a bullish engulfing to occur, the prior trend should be bearish and for a bearish engulfing to occur, the prior trend should be bullish. In case of bullish engulfing, there should be a series of black bodies followed by a white body which entirely covers the immediate…[Read more]
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Anish replied to the topic What is piercing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years ago
Piercing patterns are reversal patterns. In the case of bullish reversal pattern, the white body should cover the previous day black body bottom (i.e. tail). The white body should close above 50% of the previous day black body. Volume should be high on the latest day. The upper tail should be small. Buy above the higher of the previous 2 days. In…[Read more]
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Anish replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years ago
A star appearing after a bright day is called evening star. The upcoming trend is negative. Volume is expected to be high on a star day. Sell below the lower of the star. Risk is till the higher point of the star. For profit booking, we can consider 1.5 times the risk. A star appearing after a dark day is called morning star. The upcoming trend is…[Read more]
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Anish replied to the topic What are HAMMER / hanging man? Why it is very popular when to buy and Sell? in the forum The Simple Candlestick Analysis 8 years ago
Both hammer and hanging man are trend reversal patterns. Hammer appears at the end of a downward trend indicating bullish reversal. Hanging man appears at the end of an upward trend indicating bearish reversal. The lower tail should be between 2 to 5 times the lengths of the body and there should not be significant upper tail. The body should be…[Read more]
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Anish replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years ago
A Doji forms when a shareâs open and close price are almost equal. Â The Doji may be formed either by the Bulls pushing prices higher initially and then the Bears pushing it lower or by the Bears pushing the prices lower initially and then the Bulls pushing it higher. In either case, a Doji represents indecision. When a Doji appears after a long up…[Read more]
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