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EQSIS and Anjana are now friends 5 years, 3 months ago
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Anjana wrote a new post, Relative Strength Index- Titan 5 years, 3 months ago
The RSI is a very popular technical indicator. It is a measure of how well a stock is performing against itself. The number is computed between a range of 0 and 100. A reading over 70 is said to be bullish and
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Anjana wrote a new post, Exhaustion Gap-Nifty 5 years, 3 months ago
Exhaustion Gap signals that the trend is near the end. It may take a few more days to end though volatility may be high. It is significant because after an exhaustion gap the prices will rarely reach those
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Anjana wrote a new post, Runaway Gap- Nifty 5 years, 3 months ago
A runaway gap reconfirms an ongoing trend and confirms that the trend is still strong and likely to continue. A runaway gap follows a breakaway gap and indicates that the trend is strong . Generally it is
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Anjana wrote a new post, Ambuja Cements Ltd 5 years, 3 months ago
Breakout gap happens when the price breaks away from the area of resistance and the volumes traded is high. This would mean that the market may not return to fill the gap.
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Anjana wrote a new post, Area Gap-Ashok Leyland Ltd 5 years, 3 months ago
In a candlestick chart, a gap represents an area where no trade took place. In an upward trend, a gap happens when the highest price of one day is lower than the lowest price of the following day. An area gap is
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Anjana wrote a new post, Hammer Pattern- Titan 5 years, 4 months ago
A Hammer/ Hanging man pattern signals a potential reversal. But taking a decision solely on the basis of this pattern is very risky. All it confirms is that market sentiment could be changing. The candle has a
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Anjana wrote a new post, Doji- Ambuja Cements Limited 5 years, 4 months ago
A Doji is a candlestick which shows equal push and pull between the buyers and sellers. When the market opens and the price moves up and down but ultimately closes at the opening price a Doji is formed. A Doji
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Anjana wrote a new post, Piercing pattern-ICICI Bank ltd 5 years, 4 months ago
A piercing candle occurs at the bottom of a chart. Piecing occurs when a bearish candle is followed the next day by a bullish candle with significant gap down opening. The bullish candle closes the day at least
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Anjana wrote a new post, Bearish Engulfing- Ashok Leyland Ltd 5 years, 4 months ago
A bearish engulfing usually comes after a strong bullish trend signalling a slowdown. But engulfing candlestick requires a confirmation candle the next day. This is relevant when opening price of the bearish
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Anjana wrote a new post, Triangle pattern- Dr. Reddy's laboratories Ltd 5 years, 4 months ago
Triangle can be continuation or reversal pattern. A triangle forms when price action narrows over several price swings. Trade can be entered when price breaks out of the pattern. Stop loss should be placed just
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Anjana wrote a new post, Flag Pattern-Steel Authority Of India Ltd 5 years, 4 months ago
Flags are continuation patterns. A flag is formed when the price rallies sharply, then moves sideways followed by another sharp rise. The sharp rise preceding the flag is called the flag pole. Once the flag pole
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Anjana wrote a new post, Head and Shoulders- Idea Cellular ltd 5 years, 4 months ago
Head and Shoulders(HS) is a reversal pattern. HS top indicates that an uptrend is over while HS bottom indicates that downtrend could be over. A HS top is formed when the price makes a high, pulls back , makes a
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Anjana wrote a new post, Double Top-Hindalco Industries 5 years, 5 months ago
A double top is formed if the price peaks at the same point twice but is unable to break the resistance area. This indicates an upcoming downward trend. This is the time to take a short position or exit long
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Anjana wrote a new post, Dow Theory-Ashok Leyland 5 years, 5 months ago
IiiThis chart of Ashok Leyland gives a good example of entry and exit points using Dow Theory. H.T refers to ‘higher top’ and H.B refers to ‘higher Bottom’.This is a five year chart and the area i picked to mark
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Anjana wrote a new post, Day 10- Intraday trade 5 years, 5 months ago
Intraday trade requires the trader to constantly watch the market trend to trade and make money. It is totally different from positional trading and requires a different type of quick analysis and decision making
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Anjana wrote a new post, Day 9-Technical indicators 5 years, 5 months ago
Technical Indicators are mathematical calculations based on price and volume to indicate future prices. It can be used in addition to technical analysis to confirm movements. Most commonly used are moving
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Anjana wrote a new post, Day8- GAP Analysis 5 years, 5 months ago
Gap analysis is an important tool of analysing the candlestick charts. It tells the strength of the market an generally occurs due to some overnight news affecting the stock. There are four types of gaps. Area
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Anjana wrote a new post, Day 7- Candlestick patterns 5 years, 6 months ago
Candlestick pattern of analysing charts was developed in Japan but is widely used. It is the best analysis tool for Daily or weekly analysis. It is easy to read and interpret. Candlestick analysis are used for
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Anjana wrote a new post, Day 6- Price Patterns 5 years, 6 months ago
Price patterns are important to identify changing trends fast so as to maximise profits. There are various types of continuation and reversal patterns which should be used in addition to dow theory. Price patterns
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