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Bala Murugan and Vignesh are now friends 6 years, 10 months ago
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Bala Murugan and Asif Sahib are now friends 7 years, 1 month ago
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Bala Murugan and Vinish Kumar are now friends 7 years, 4 months ago
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Bala Murugan and Naresh jain are now friends 7 years, 5 months ago
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Bala Murugan and dinesh kumar.R are now friends 7 years, 7 months ago
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Bala Murugan replied to the topic What is Head and Shoulder? What are their conditions to determine the bearish trend? in the forum Price Patterns and its characteristics 7 years, 7 months ago
Two equivalent tops on either side of a steep high top ( peak )  in the middle like head and shoulders of human is said to be head & shoulder pattern. The volume on the left side shoulder should be high and the volume in the right should be low  and if the price goes below the prior bottom then this is said to be bearish trend H&S .
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Bala Murugan replied to the topic What is Double BOTTOM? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 7 months ago
Formation of two equal or equivalent bottoms (A&B) in a span of 20 days or more is said to be double bottom . If the double bottom is formed with a good volume at the bottom B or at point C  where the price crosses the previous top  is the typical symptoms for a bullish trend and the point c is the prefect time to create long position .
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Bala Murugan replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 7 months ago
The price trend of a stock  in a given point or duration of time is said to be price pattern .This is the basic of technical analysis by which one can analyse or predict the movement of price in accordance to the demand and supply by using theories like dow etc .
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Bala Murugan and Sangeetha are now friends 7 years, 8 months ago
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Bala Murugan and NARENTHIRAN are now friends 7 years, 8 months ago
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Bala Murugan and Sivasubramaniyan B are now friends 7 years, 8 months ago
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Bala Murugan replied to the topic Since dow theory is only to find the trend, cant we keep target and stop loss? in the forum Stock market questions and answers 7 years, 8 months ago
Nope because Dow theory is non detailed and it jus gives idea of the trend and not stop loss or target
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Bala Murugan replied to the topic What are Support and Resistance? in the forum Dow Theory in Practice 7 years, 8 months ago
when demand is greater than supply it is said to be support
and if supply  is greater than demand it is said to be resistance
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Bala Murugan replied to the topic What are the major critics against Dow Theory? How come it remains on top of any analysis? in the forum Dow Theory in Practice 7 years, 8 months ago
It can be used for long term perspective only  and doesnt suit short term traders but still its tends to be the most successful and profit yielding method
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Bala Murugan replied to the topic What type of Charts Used, Minimum look up period, Duration of Trend forecasting for Dow Theory? in the forum Dow Theory in Practice 7 years, 8 months ago
Line chart is used in dow theory where minimum look up period of data is 2 years and trend forecast duration is some where like 3 months .
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Bala Murugan replied to the topic How to determine the market trend using Dow Theory? in the forum Dow Theory in Practice 7 years, 8 months ago
Market trend can be determined by taking 2 years data of the stock , mark the tops and bottoms in the line graph comparing the previous position mark tops and bottoms as higher / lower ( tops / bottoms ) as HT HB , LT LB . In this HT HB Is the condition for bullish and LB LT is the condition for bearish .
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Bala Murugan replied to the topic When to buy and Sell using Dow Theory? in the forum Dow Theory in Practice 7 years, 8 months ago
According to dow theory higher top – higher bottom : long position ( buy )
lower top – lower bottom : short position ( sell )
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Bala Murugan replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 7 years, 8 months ago
The old and golden method in the field which was derived by dow in 19 th century , this help us to derive the trend of the stock using limited datas in line graph . This methodology is based on supply and demand with respect to the volumes
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Bala Murugan replied to the topic price movement in the forum Stock market questions and answers 7 years, 8 months ago
supply is greater than demand – price goes low
demand is greater than supply – price goes high
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Bala Murugan replied to the topic what are the Pro and cons of fundamental analysis? in the forum Understanding the Price Movement 7 years, 8 months ago
pros – accurate , authentic , more reliable which shows the complete data of the direction in which the company is heading .
cons – time consuming , expensive , complicated to derive and not accessible to common traders .
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