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MURUGAVEL and Sriram Raghavendran are now friends 7 years, 1 month ago
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Sriram Raghavendran replied to the topic Why do we need to close the intraday position on the same day? Is it mandate? in the forum Intraday Analysis for Day Traders 7 years, 1 month ago
We need to close on the same day since the name itself suggests Intraday, it is done to gain profit/loss with in the day as it is spot market.
But it is not mandatory, if you trade on same it is treated as Intraday otherwise positional.
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Sriram Raghavendran replied to the topic Why the positional analytical methods are not followed in intraday analysis? in the forum Intraday Analysis for Day Traders 7 years, 1 month ago
The positional analytical methods are for positional traders who hold the stock for a minimum period of a week, whereas in intraday due to frequent price fluctuations and immediate within day settlement it is not possible to follow positional analytical methods.
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Sriram Raghavendran replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 7 years, 1 month ago
Global market plays a important role in intra day price market because it decides the extent of FII participation for a day in Indian market.
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Sriram Raghavendran replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 7 years, 1 month ago
10-11.30am
2-2.45pm
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Sriram Raghavendran replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 7 years, 1 month ago
1. World markets
2. FII activity
3. Indian market
4. Advance/Decline ratio
5. Turnover Basis
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Sriram Raghavendran replied to the topic What is intraday analysis? How it is different from positional analysis in the forum Intraday Analysis for Day Traders 7 years, 1 month ago
Intraday analysis is for short term only whereas positional analysis is for longer duration may be weeks. Technical analysis cannot be used in intraday analysis but can be used for positional analysis.
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Sriram Raghavendran replied to the topic How do we use Fibonacci retracement to identify support and resistance zone? in the forum Technical Indicators to understand market trend 7 years, 1 month ago
Fibonacci retracement helps us to identify potential reversal of trend.
Create a chart with trendline at 100%,61.8%,50%,38.2%,23.6%,0%
start with high at 100% trendline. If the stock touches 61.8% ,it is the time to look for reversal.Once it reverses,it has resistance at 100%.
If it does not reverse,look for support at 3…[Read more]
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Sriram Raghavendran replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 7 years, 1 month ago
Fibonacci series is 0,1,1,2,3,5,8,13,21,34,55,89,….
The difference between the consecutive numbers is 1.618
The number got when dividing a number by the second number in the right is 0.382 approximtely (8/21,13/34,….)
The number got when dividing a number by the third number in the right is 0.236 appro…[Read more]
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Sriram Raghavendran replied to the topic What is called technical indicators? How it is different from other analysis? in the forum Technical Indicators to understand market trend 7 years, 1 month ago
Technical indicators are not decision making, it act as a supporting information to the analysis. Analysis is a decision making pattern where price and volume is observed.
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Sriram Raghavendran replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 7 years, 1 month ago
RSI stands for relative strength indicator. it works well for non-trending zone. There are two marks 30 and 70 mark.
When price goes above 70 mark then it is overbought and price will begin to fall.
When price goes below 30 mark then it is oversold and price will begin to increase.
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Sriram Raghavendran replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 7 years, 1 month ago
It is a type of technical indicator which works exceptionally well in the trending area. It does not work well during non trending area. It draws a single magnet line along a trending zone and whichever the trend above the magnet line indicates the bullish zone and whichever the trend below the magnet line indicates the bearish zone.
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Sriram Raghavendran replied to the topic What are the characteristics of four phases (Consolidation, Breakout, Runaway and Exhaustion) of trend? in the forum GAP Analysis and its interpretations 7 years, 1 month ago
Area gap:
When a gap appears in the non-trending zone,it is called area gap. It will soon be filled. Volume is low.
Breakout gapay
when a gap breaks out of the sideway movement and heads for a new trend ,it is called breakout gap.
volume is high.It will not be filled in near term.
Runaway gap:
When the gap appears following…[Read more]
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Sriram Raghavendran replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 7 years, 1 month ago
The strength of the trend is interpreted using gap analysis.
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Sriram Raghavendran replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 7 years, 1 month ago
The gap can be found in candle stick charts. It is basically the difference between the previous day closing and present day opening.
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Sriram Raghavendran replied to the topic How to name a GAP? What are Four Types of GAP? in the forum GAP Analysis and its interpretations 7 years, 1 month ago
Gap is named depending upon its position in the trend.Four types of Gap are area gap, breakout gap, runaway gap and exhaustion gap.
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Sriram Raghavendran 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 7 years, 1 month ago
1.If the body covers the previous day’s low.
2.Volume should be high.
3.Upper tail of the present day candlestick should be low.
4.If the green body pierces 50% red and the volume is high we have to buy and viceversa.
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Sriram Raghavendran 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 7 years, 1 month ago
Hammer- When there is a continuous fall in trend then a body is formed with lower tail is two times its body,greenish and the upper tail is little visible then it is called Hammer and it is a bullish.
Hanging man-When there is bullish,then a red body is formed with upper tail is taller then it is a Hanging man (reversal of Hammer).
In both the…[Read more]
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Sriram Raghavendran replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 1 month ago
During bearish pattern a doji appears its called as Morning star ,create a long position
During bullish pattern a doji appears its called as Evening star, create a short position
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Sriram Raghavendran 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 7 years, 1 month ago
Engulfing pattern is reversal trend pattern
Condition of Bull : the price is falls continuously and one day it rises dramatically (Green pattern cover the full body of red body)
Condition of bear : The price is rises continuously and one day it falls dramatically (Red body cover the full body of green body)
Create long position in…[Read more]
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