@ekambaram
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EKAMBARAM ME wrote a new post, Procter and Gamble – Relative Strength Index. 3 years ago
We can use relative strength index for trading of shares. In Procter and Gamble, Share price is above Rs 11 315 when the RSI shows above 70, then this share can be purchased at this price. Sale price shall be
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EKAMBARAM ME wrote a new post, SBI – Moving Average- long position 3 years ago
We have used moving average indicator for purchase of State bank of India shares. Entry price will be when the price is above moving average ie., Rs. 300. Exit price will be Rs. 393.7 when the price below the
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EKAMBARAM ME wrote a new post, NHPC – Exhaustion gap – Trend came to end 3 years ago
We can witness exhaustion gap in NHPC on 5 January 2021. Previous day (4 January 2021) closing price Rs.24.1. 5 January opening price is Rs. 25. and closing price is Rs. 24. Therefore there is clearly gap in o
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EKAMBARAM ME wrote a new post, PFC – AREA GAP WITH VOLUME 3 years ago
We can witness area gap or trading gap in PFC on 22 March 2021. Volume is high. This is not a signal to trade. It may be because of dividend declaration or some other happenings with affected the share pric
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EKAMBARAM ME wrote a new post, SBI – Runaway Gap 3 years ago
We can witness runaway gap in State Bank of India shares on 5 February 2021. Runaway gap confirms the trend. Therefore, we can consider long position. Entry Price : Rs. 392, Stop loss Rs. 333 and there
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EKAMBARAM ME wrote a new post, WIPRO – BREAKOUT GAP- UNFILLED – BULLISH 3 years ago
We witness in Wipro on 23 December 2020 breakout gap. Volume is also high during this gap formation and this gap is not filled. Therefore we can take long position on Wipro. Entry price will be Rs. 388. Stop
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EKAMBARAM ME wrote a new post, ACC Area gap without volume 3 years ago
We witness Area gap in ACC shares on 24 December 2020. As we are aware that area gap comes in sideway movement. We can trade only if he have volume and the next trend. Therefore, we need not enter into the script.
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EKAMBARAM ME wrote a new post, COLPAL – HANGING MAN – BULLISH REVERSAL 3 years ago
We witness hanging man pattern on 10 March 2021 in Colgate Palmolive. Being bullish reversal, we can short the stock. Entry price will be bottom of the hanging man pattern ie., Rs. 1,625 stop loss will be Rs.
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EKAMBARAM ME wrote a new post, AUROPHARMA- HAMMER – BEARISH REVERSAL 3 years ago
We witness hammer pattern on 21 December 2020 in the price of Aurobindo Pharma Limited. This is bearish reversal pattern and therefore we can take long position for this stock. Entry price shall be Rs 859 and s
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EKAMBARAM ME wrote a new post, Castrol – Doji – Evening Star 3 years ago
We witness doji formation on 9 December 2020 in Castrol share prices. This Doji has happened after rise in prices of shares for the previous five days. Therefore, this is evening star and we can go for sh
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EKAMBARAM ME wrote a new post, Indusind – Doji pattern – Morning star 3 years ago
We can witness Doji pattern on 21 January 2021. This Doji is after fall in prices for the previous five days. Therefore, we can consider it as morning star. When the price of this share crosses the upward tip
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EKAMBARAM ME wrote a new post, JSWSTEEL – PIERCING CANDLESTICK – BULLISH 3 years ago
In JSW steel, we can witness piercing pattern on 1 February 2021. Entry price for long can be fixed at Rs.384. Stop loss can be fixed at Rs. 363. Target can be fixed equal to the risk taken Rs. 405.
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EKAMBARAM ME wrote a new post, CIPLA – BEARISH PIERCING PATTERN 3 years ago
We witnessed bearing pattern on Cipla on 12 January 2021. Entry price for short will be Rs. 839. Stop loss can be fixed at Rs. 864. Target can be fixed at Rs. 814
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EKAMBARAM ME wrote a new post, Divislab – Bearish Engulfind 3 years ago
We can witness bearish engulfing on 7 January 2021 in Divis Laboratories Ltd. We can use it for short term trading like weekly on this script. Entry price for short would be Rs. 3,799. Stop loss has to be Rs
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EKAMBARAM ME wrote a new post, Brittania – Bulllish Engulfing 3 years ago
In Brittania, we can view engulfing pattern on 24 March 2020. When the price reaches Rs. 2441 the share can be bought. Stop loss should be bottom of engulfing candle Rs. 2,110. Target should be Rs. 2,751.
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EKAMBARAM ME commented on the post, acc triangle bearish break out 3 years ago
Dear Ariharan
Good Analysis. Once particular pattern is identified, it is better to have a target price and stop loss. I know it is difficult to identify a pattern and you have really done it well.
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EKAMBARAM ME wrote a new post, ASHOK LEYLAND LTD – DESCENDING TRIANGLE – BEARISH 3 years ago
Ashok leyland is now formed bearish triangle. If it breaks at Rs. 120, this stock can be short. Target price can be set by reducing the height of the triangle is 20 from the entry price, ie targe price has to
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EKAMBARAM ME wrote a new post, BANKBARODA – Ascending Triangle – Bullish 3 years ago
In Bank of Baroda Shares, we can witness ascending triangle is formed during January 2021 and price break out happened on 22 January 2021. Therefore, at the price of Rs. 67.2 we can make an entry by pu
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EKAMBARAM ME commented on the post, Bullish flag witnessed at BJFN during 2 July 2014 3 years ago
Thanks Abijit for posting your analysis. I also think that target should be fixed little high. Finding flag pattern is difficult, if we do, we can get higher profit. But as Naresh suggest, we should watch
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EKAMBARAM ME wrote a new post, CADILAHC-FLAG PATTERN-BULLISH 3 years ago
Flag pattern is witnessing in Cadila Healthcare Limited on 15 May 2020. Eventhough market wittnessed bearish due to Corana, this script pattern is different which suggest bullish trend. Entry price has to be fl
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