-
Meera replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years, 1 month ago
Golden mean is found every where.In technical analysis a few multiples of this are mainly used.23.6, 38.2,50,61.8..Methods like Fibonacci Retracements , Arcs , timezones..are used.
-
Meera 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, 1 month ago
It can be used to identify the resistance and support regions.
Draw horizontal lines joining the 2 extreme points.These lines are drawn with respect to the Fibonacci ratios 23.6%,38.2%,50%,61.8%,100%.This will divide the vertical region into 5 blocks.After a significant prize rise or down the new support region will be at or near these ratio lines.
-
Meera 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, 1 month ago
It can be used to identify the resistance and support regions.
Draw horizontal lines joining the 2 extreme points.These lines are drawn with respect to the Fibonacci ratios 23.6%,38.2%,50%,61.8%,100%.This will divide the vertical region into 5 blocks.After a significant prize rise or down the new support region will be near to these ratio lines.
-
Meera replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 8 years, 1 month ago
RSI – Relative strength Index
30 and 70 marks are used in this.If prize goes above 70 means that its a bullish trend
Prize goes below 30 it is a bearish trend.when prize goes above 30 long pearm
-
Meera replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 8 years, 1 month ago
It is a technical indicator.For short duration can use 21- day chart.If the prize goes above the average line it is a bullish trend if it goes down the moving average line it is a bearish trend.It works well in the trending region and not useful in the sideway movement.
-
Meera 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, 1 month ago
Technical indicators can be used as a supporting tool , which tells you if your analysis is in the right direction or not.It never can be a decision maker.Its ready made analysis based on demand and supply
-
Meera replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 8 years, 1 month ago
It indicate the strength of the market.It helps to locate the current phase
-
Meera 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, 1 month ago
Area gap :- Formed in the non trending area.Between Demand and Supply area.If the area doesn’t get filled up we can say neither the buyer nor the seller is having an upper hand in the situation.
Breakout Gap :- A gap after the breakout.Volume high at the breakout day.Gap will not be filled mostly.
Runaway Gap :- A gap seen after breakout.Volume…[Read more]
-
Meera 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, 1 month ago
Area gap :- Formed in the non trending area.Between Demand and Supply area.
Breakout Gap :- A gap after the breakout.Volume high at the breakout day.
Runaway Gap :- A gap seen after breakout.Volume may not be high but prize goes high.
Exhaustion Gap :- After the breakout it happens.The current day opens higher than previous day close , but the…[Read more]
-
Meera replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 8 years, 1 month ago
It is the unfilled area between the current day opening and previous day Close.
-
Meera 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, 1 month ago
They are reversal patterns .
Hammer is formed at the end of price fall and hanging man at the end of a bullish trend.
lower tali should be 2 time the body and almost no upper tail for Hammer .For a hanging man it will be reverse .
Volume will be high on hammer and hanging man day .
-
Meera replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 8 years, 1 month ago
Candle stick analysis is a Japanese technology adopted by western and a powerful technique in analysis.
Shows good result for weekly traders based on day candle stick analysis.
Used to evaluate the price movement based on previous days candle sticks. Day’s open,high and close plays a major role.
-
Meera replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 1 month ago
Star is the other name for Doji
Morning Star is Bullish. Evening Star is Bearish.
Morning Star : Create Long Position When price crosses Above Doji Day High Price
Evening Star : Create Short Position When Price Falls Below Doji Day Low Price
-
Meera 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, 1 month ago
It is a reversal pattern.This pattern can be found often.Good for weekly traders.Latest green body should cover previous days body.If it appears after a price fall this indicates bullish trend.When prize goes above the highest of last two days the share can be bought.
-
Meera 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, 1 month ago
It is a strong reversal pattern.Latest green body should cover previous lowest and at least 50% of previous body.Also the upper tail should be smaller.
If the next day prize goes above the high of last two days share can be bought
-
Meera replied to the topic Who should use candle stick analysis? What is the role of volume in candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 1 month ago
Weekly traders who buys and keeps the shares for 3 to 4 days can make use of this patters.The patterns will indicate the trend reversal only if it is supported by high voluume
-
Meera replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years, 1 month ago
Its a neutral Pattern.After a prize fall if this pattern appears along with a high volume, that particular doji can be considered as a good one.The next day if prize goes up long positions can be made.
-
Meera replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 1 month ago
maximum up to a week
-
Meera replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 8 years, 1 month ago
It is a Japanese analysis method which later adapted by the western.
It shows the Open ,Close, High and low of a particular time frame.
It is a powerful tool for weekly traders using day candle chart. -
Meera replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 8 years, 1 month ago
<p class=”MsoNormal”>It is a Japanese analysis method which later adapted by the western.</p>
<p class=”MsoNormal”>It shows the Open ,Close, High and low of a particular time frame.</p>
<p class=”MsoNormal”>It is a powerful tool for weekly traders using day candle chart.</p> - Load More