Krishnasai B

[Krishnasai B]

Sry.. Case 2: Bullish Piercing

[Krishnasai B]

Hi

In your case the day’s candle should open above previous day’s close and cover the previous days body at least by half. But in your example it opened in the middle of the previous day’s body and moved down.

Please refer to the attachment.

[Krishnasai B]

Because the intraday trading has more dependence upon the market sentiment at that point of time. This is different as the market sentiment keep changing constantly. Thus positional trading analysis techniques cannot be applied to the intraday trading.

[Krishnasai B]

Yes it affects the market movement as some of the companies listed in NSE are also listed in global markets.

[Krishnasai B]

Intraday analysis is one where the stocks are traded with in a day. Both long and short positions are closed within a day.

A positional trading is where the trade is done in more than a day.

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