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Ganesh replied to the topic Why the positional analytical methods are not followed in intraday analysis? in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
Demand and supply is the basic concept of positional analytical method but in intraday analysis, global price movement and market sentiments are considered.
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Ganesh replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
In intraday analysis, the momentum stock can be picked by Top Down approach.
Process:
1. Check Market direction. World market, Indian market and market breadth
2. Index contribution. sector vice
3. Stock selection. price vice and turnover vice
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Ganesh replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
Yes global markets impact the intraday price movement. when global market falls, it will create negative sentiments in the investors prospective and the price will fall, similarly vice versa.
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Ganesh replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
Ideal time for intraday trading is 10am to 11 am and 2pm to 3pm.
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Ganesh 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 8 years, 6 months ago
If the trader don’t like to take delivery of the stock then he should close the intraday position otherwise trader can buy the stock and create long position.
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Ganesh replied to the topic What is intraday analysis? How it is different from positional analysis in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
Intraday analysis is used to analyse the stock to buy and sell within particular day itself. In positional analysis more than one week data is required but it is not so in intraday analysis.
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Ganesh 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 8 years, 6 months ago
Fibonacci retracement level is 62% resistance level and 39% support level.
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Ganesh replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years, 6 months ago
Golden mean is the ratio between 2 consecutive numbers in the Fibonacci series.
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Ganesh replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 8 years, 6 months ago
RSI stands for Relative strength index. When the RSI value raises above 30, then it can considered as buying zone
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Ganesh replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 8 years, 6 months ago
Moving average is nothing but the average value of closing price of stock for defined period. Moving average will be useful in raising or falling price trend. It will not useful in sideways movement.
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Ganesh 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 8 years, 6 months ago
Technical indicators are software tools which use algorithms to analyse the price pattern and volume and give recommendation about the stock trading.
other analysis are done by human, where as the technical indicators are worked out by computer software using fixed algorithms.
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Ganesh 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 8 years, 6 months ago
Consolidation: It is also called area gap which appears inside the trading area. Area gap may be filled in quickly.
Breakout gap: It appears outside the trading area. Gap may not be filled in near term. High volume trading also required.
Runaway gap: This gap appears after the breakout region. Gap may not be filled in near term. Volume…[Read more]
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Ganesh replied to the topic How to name a GAP? What are Four Types of GAP? in the forum GAP Analysis and its interpretations 8 years, 6 months ago
Gaps are named based on its appearance in the price trend.
Types of Gap:
Area Gap, appears within the trading range
Breakout gap, appears outside the trading range
Runaway gap, appears after the breakout region
Exhaustion gap, after breakout region if the candle stick pattern reverse then it is called exhaustion gap.
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Ganesh replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 8 years, 6 months ago
The strength of bullish trend or bearish trend is interpreted using Gap analysis
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Ganesh replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 8 years, 6 months ago
The price gap between two days in candle stick chart is called as GAP in technical analysis
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Ganesh 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, 6 months ago
Hammer/Hanging man is a candle stick pattern in which tail size is more than the 2 times of body size.
In hammer pattern lower tail is bigger and upper tail is very small or almost invisible. it is the sign to take long position.
In hanging man pattern upper tail is bigger and lower tail is very small. it is the sign to take short position.
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Ganesh replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 6 months ago
Morning star is the DOJI that appears after significant fall of the stock. This is right time to buy.
Evening star is the DOJI that appears after significant raise in the stock. This is right time to sell.
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Ganesh replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years, 6 months ago
DOJI is a candle stick pattern in which the opening and closing price difference is very small.
Appearance of doji with high volume shall be considered for price reversal. i.e after significant price fall, if Doji appears then we can take long position. similarly after significant price rally,if Doji appears then we can take short position.
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Ganesh 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, 6 months ago
Piercing pattern is a analysis to ensure the price reversal of the stock.
Condition to Buy:
Current day body should cover the previous day low
Current day body should cover at-least 50% of previous day body
Upper tail should not be big
Condition to sell:
Current day body should cover the previous day High
Current day body should cover a…[Read more]
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Ganesh 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, 6 months ago
Engulfing pattern is nothing but the trend reversal or price reversal pattern.
Condition to buy:
Recent fall in price should be witnessed
latest bullish body should cover previous day bearish body
Slight increase in trade volume is expected for last 2 days.
Condition to Sell:
Recent raise in price should be witnessed
latest bearish body…[Read more]
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