-
Delhirani replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Forecasting duration using candlestick analysis is Weekly.
-
Delhirani 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, 7 months ago
Engulfing pattern is a reversal candlestick pattern. The conditions to qualify are,
-Recent fall in price should be witnessed to form a bullish pattern.
-Latest bullish body should cover the previous days bear body.
-Slight increases in trade volume is expected during any last two days.
Buy when the price goes above the top of the two previous…[Read more]
-
Delhirani 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, 7 months ago
Piercing pattern is a reversal candlestick pattern.
The conditions to qualify are,
-The body should cover previous day’s Low.
-Todays body should cover atleast 50% mark of previous body.
-The upper tail should not be very big.
Buy when the price goes higher of the last 2 days.
Sell when the price goes lower of the last 2 days.
-
Delhirani replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Doji means Neutral in Japanese.
Morning star Doji – Buy.
Evening star Doji – Sell.
-
Delhirani replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Doji happens after a bullish trend is morning star – Buy.
Doji happens after a bearish trend is Evening star – Sell.
-
Delhirani 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, 7 months ago
Hammer is a candlestick pattern and it is a sign of strength and bullish variant with greenish body.
Hanging man is the reversal of Hammer and it is a sign of strong bearish with the body red.
Hammer signals long position.
Hanging man signals short position.
-
Delhirani replied to the topic What is Double TOP? What are their conditions to determine the bearish trend? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Double Top is bearish reversal pattern. The conditions to determine the bearish trend are,
-Two equivalent Tops with minimum one month duration.
-Huge volume happening on the second top.
-Short position can be created.
-
Delhirani 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 8 years, 7 months ago
Head and Shoulder is a price pattern to show the pattern of distribution and accumulation.
The conditions to determine the bearish trend are,
-significant rally prior to the Head and Shoulder structure.
-Left shoulder volume should be high and the right shoulder volume should be low.
-duration to form each pattern is minimum 1 month.
-Short…[Read more]
-
Delhirani replied to the topic What is inverted Head and Shoulder? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Inverted Head and Shoulder is the opposite of normal Head and shoulder.
The conditions to determine the bullish trend are,
-The Head should be the highest among the recent price action.
-The volume during the Left shoulder should be highest.
-Right shoulder volume should be low as possible.
-The duration to form the each pattern is minimum 1 month.
-
Delhirani replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Buy when the breakout happens in the bullish trend.
Sell when the breakout happens in the bearish trend.
-
Hemanth Kumar and Delhirani are now friends 8 years, 7 months ago
-
Delhirani 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 8 years, 7 months ago
Double bottom is two equivalent bottom created with high volume, duration should be 20 days. Breakout during the second bottom with high volume indicates bullish trend and long positions can be considered.
-
Delhirani replied to the topic What is FLAG pattern? What are the conditions to qualify as perfect FLAG? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Flag pattern is a type of price pattern. The conditions to qualify as perfect Flag,
1. There should be a steeper pole.
2. Rectangular price movement should happen 4 to 7 days.
3. Volume is expected to increase while giving breakout.
-
Delhirani replied to the topic What is triangle pattern? What are the conditions to qualify as perfect triangle? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Triangle pattern is a type of price pattern. The conditions to qualify as perfect triangle,
1. 5-wave corrective pattern should form.
2. The triangle area should be minimum 1.5 months.
3. Triangle breakout expected around 70% zone.
4. Volume required to confirm breakout.
-
Delhirani replied to the topic What is rounding bottom / Cup pattern? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Cup pattern is a accumulation pattern, generally powerful if it takes long time to construct and the volume is expected to be low as possible. Long positions can be created by investors.
-
Delhirani replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Dow theory helps to identify bullish or bearish trend whereas the price pattern helps to understand the price movement.
-
Delhirani replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Price patterns are indicators of price movement, commonly used patterns are Head and Shoulder, Double top and bottom, Cup pattern, Flag pattern and Triangle pattern.
-
Delhirani replied to the topic Price Patterns in the forum Double Bottom / Double Top 8 years, 7 months ago
Price patterns is a analytical tool to identify the price movement of stock.
-
Delhirani 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 8 years, 7 months ago
Major critics is it is not suitable for intraday trading or short term trading.
It remains on top of any analysis is because it has proven 56% success ratio and it forms the base of technical analysis.
-
Delhirani replied to the topic What are Support and Resistance? in the forum Dow Theory in Practice 8 years, 7 months ago
Support is strong Buyer Zone.
Resistance is strong Seller Zone.
- Load More