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Sudharsan wrote a new post, NIFTY BEARISH PIERCING 5 years, 8 months ago
Bearish piercing pattern formed.Open is above previous day high.Close is atleast half way into the pervious day’s candle.Stop loss is at the open of the candle.
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Sudharsan wrote a new post, ACC BULLISH PIERCING 5 years, 8 months ago
Bullish piercing is when the trend is bearish, and if a green candle is seen with an open below the previous day low and the close is near the halfway the body of previous candle
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Sudharsan wrote a new post, TECH MAHINDRA BULLISH ENGULFING 5 years, 9 months ago
Bullish engulfing is when a candlestick covers the entire body of the previous candlestick. Buy order when the high tail of the candlestick is reached. A prior trend should be observed before the engulfinf.
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Sudharsan wrote a new post, ADANIPORTS BEARISH ENGULFING 5 years, 9 months ago
Bearish engulfing pattern is seen when the entire candlestick body covers that of the previous day in the opposite trending manner. A prior trend should be observed. In this case, a bullish trend is seen, with a
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Sudharsan wrote a new post, EICHER MOTOR BEARISH TRIANGLE 5 years, 9 months ago
The triangle pattern formed here is the case where the sellers are more aggressive than the sellers
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Sudharsan wrote a new post, ASIAN PATTERN – TRIANGLE PATTERN – BULLISH 5 years, 9 months ago
Triangle pattern is formed when both the buyers and sellers are aggressive. There is relatively high volume that is confirmed during breakout.The breakout occurs at 70% from the apex of triangle.
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Sudharsan wrote a new post, HINDALCO BEARISH FLAG 5 years, 9 months ago
Bearish flag pattern is seen. A steep downward pole with a short flag with low volume area. The minimum duration is 3-7 days. Can see the flag trending on third day.
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Sudharsan commented on the post, BHEL Cup Pattern – Bullish breakout 5 years, 9 months ago
Hi,
Thanks for pointing out. Shall update it.
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Maruti Patil and Sudharsan are now friends 5 years, 9 months ago
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Sudharsan wrote a new post, Asian Paint – Flag Pattern (losing trade) 5 years, 9 months ago
The flag is formed within a duration of 4-7 days. High volume during breakout. I expected the price to reach the target but the prices dropped after an initial breakout. This trade would incur a loss.
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Sudharsan wrote a new post, BHEL Cup Pattern – Bullish breakout 5 years, 9 months ago
BHEL shows a cup pattern wherein the volume at the trough is very low. This is due to the relative number of buyers and suppliers not available to trade. Once the neck of the cup is broken, the bulls get more
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Sudharsan wrote a new post, ACC limited Head and Shoulder – Bearish 5 years, 9 months ago
Head and shoulder pattern.Features:High volume in left shoulder.Lower volume in right shoulderShoulder takes about a month to form.
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Sudharsan wrote a new post, ACC LTD. – DOUBLE TOP 5 years, 9 months ago
Double top pattern: 2 equivalent peaks. Prior trend is bullish. High volume at second peak.
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Sudharsan wrote a new post, ASHOK LEYLAND DOUBLE BOTTOM 5 years, 9 months ago
Ashok Leyland double bottom is seen, highlighted with a circle.The entry and exit positions are marked with a arrow.High volume at the point of crossing the resistance which is an indicator to buy.
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Sudharsan wrote a new post, CUMMINSIND BEARISH DOW THEORY 5 years, 9 months ago
CUMMINSIND has been identified to have a bearish pattern as per dow theory. The entry, target and stop loss have been marked.The volume is not very significant so it is a cautions position.
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Sudharsan wrote a new post, ADANIPORTS – BULLISH DOW THEORY 5 years, 9 months ago
ADANIPORTS has been studied to have a bullish pattern. A number of Higher Bottoms to Higher Tops are seen which is the required pattern. The second requirement is high volume at the time of crossing the previous
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Sudharsan wrote a new post, Intraday trading analysis 5 years, 9 months ago
Steps for intraday trading:
1. Check global markets on trends (positive, neutral, negative, mixed)
2. Check FII if any foreign investors have invested into the market.
3. Check the sentiment of NIFTY.
4. Check -
Sudharsan wrote a new post, Technical Indicators 5 years, 9 months ago
Uses of technical indicators. Types of indicators
Moving Average, RSI, Fibonacci ratios. -
Sudharsan wrote a new post, Gap Analysis 5 years, 9 months ago
Types of gaps:
Area, Breakout, Runaway, Exhaustion.Characteristics of each gap. Gaps show the strength of the trend.
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Sudharsan wrote a new post, Candlestick pattern for weekly positions 5 years, 9 months ago
Different candlesticks pattern:
1. engulfing
2. piercing
3. doji
4. hanging man/hammer - Load More