@gokulc
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Gokulnath started the topic Asian Paints, Morning Star, Entry 800, Sl 777, Target 834 in the forum DOJI – Morning Star and Evening Star 8 years, 3 months ago
Doji formed with bullish sign after a bearish trend. Volume is pretty good compared to previous days.
Trade plan:
Symbol : Asian paints
Direction : Long
Entry : 800
SL : 777
Target : 834
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Gokulnath started the topic ACC LTD, Bullish Peircing Pattern, Entry 1413, SL 1364, Target 1462 in the forum Piercing Candlesticks Patterns 8 years, 3 months ago
1.Bullish Piercing pattern appeared after Bearish trend.
2.Previous day tail covered by current day Body.
3.50 % of the previous day body covered by the current day body.
Trade Plan:
Symbol : ACC LTD
Entry : 1413
SL : 1364
Target : 1462
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Gokulnath started the topic Auropharma, Bearish Engulfing , Entry – 867 SL-892, Target 842 in the forum Engulfing Candlesticks Patterns 8 years, 3 months ago
Bearish Engulfing occured after bullish trend. Volume is pretty good on that Engulfing day.
Trade Plan:
Symbol : Auropharma
Entry : 867
Sl : 892
Target : 842
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Gokulnath started the topic Aditya BIRLANUVO, Triangle pattern, Bullish, Entry 2117,SL 1928, Target 2306 in the forum Triangle Pattern 8 years, 3 months ago
Triangle pattern formed between 5 months. Volume is pretty good in break out when compared to previous months.
Trade Plan:
Symbol : ABIRLANUVO
Direction : Long
Entry : 2117
SL : 1928
Target : 2306
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Gokulnath started the topic Asian Paint, Flag, Bullish, Entry 700, SL 642, Target 758 in the forum FLAG Pattern 8 years, 3 months ago
Steeper pole appears after that graduate accumulation happened for one week.
Trade plan:
Symbol: Asian Paint
Direction : Long
Entry : 700
SL : 642
Target : 758
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Gokulnath started the topic Ambuja Cements, CUp Pattern, Bullish, Entry 237, Sl 203, Target 271 in the forum CUP pattern 8 years, 3 months ago
Cup shaped pattern formed between 7 months. Volume is normal compared to previous months.
Trade Plan:
Symbol: Ambuja Cements LTD
Direction :Â Long
Entry :Â 237
Sl: 203
Target: 271
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jayaraman and Gokulnath are now friends 8 years, 3 months ago
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Gokulnath started the topic HDFC Bank, Inverse Head and Shoulder, Bullish, Entry 1051, SL 995, Target 1109 in the forum Head and Shoulder 8 years, 3 months ago
Inverse Head and Shoulder formed between 20/03/2015 and 22/06/2015. High volume is in Left Shoulder.
Trade Plan:
Symbol : HDFC Bank
Position:Â Long
Entry : 1052
SL : 995
Target : 1109
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Gokulnath replied to the topic Bharti Airtel, Double Bottom, Long, Entry 366, Target 394, Sl 338 in the forum Double Bottom / Double Top 8 years, 3 months ago
Thanks for the Correction.
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Gokulnath started the topic Bharti Airtel, Double Bottom, Long, Entry 366, Target 394, Sl 338 in the forum Double Bottom / Double Top 8 years, 3 months ago
Two Equvalent Double bottoms formation between 01/01/2015 – 10/03/2015. Volume is high when break the neck line.
Trade Plan:
Symbol : Bharti Airtel
Position : Long
Entry : 366
Target : 394
Sl : 338
In the attached image another  double bottoms also happened between 08/12/2014- 21/1/2015
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Gokulnath started the topic Axis Bank,Double Top, Short, Entry -481, SL – 528, Target-432 in the forum Double Bottom / Double Top 8 years, 3 months ago
Two Equvalent Double tops formation between (15/09/2015 – 28/10/2015). around 45 days. Significant volume takes place while breaking the neck line.
Trade Plan:
Symbol : Axis bank
Direction : Bearish
Entry : 481
Target : 432
Sl : 528
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Gokulnath started the topic HCL Technologies, Bullish above 872, SL 754, Target 989 in the forum Dow Theory – Old but a Golden Concept 8 years, 3 months ago
Trade Plan:
Symbol : HCL Technologies
Direction : Bullish
Entry Level : 872
Target : 989
SL : 754
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Gokulnath replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years, 3 months ago
A golden mean is the value 1.618 which is obtains by dividing two consecutive numbers of the Fibonacci series.
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Gokulnath replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 8 years, 3 months ago
An RSI is a relative strength index that is used to detect overbought and oversold levels. It ranges from 0 to 100 in which the movement below 30 is Where the stock is over soldAnd the movement above 70 is where the stock is over bought and 50 is neutral. The movement from 30 to 70 is considered bullish and the movement from 70 to 30 is bearish.
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Gokulnath replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 8 years, 3 months ago
A moving average is the line connecting the points obtained which are averages of prices within a particular term. If the trend is above the line then it’s bullish while below it is bearish. It is not good in case of sideways movement.
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Gokulnath 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, 3 months ago
Technical indicators give a series of datum points based on algorithm. This is not a decision maker but can be used to enhance the accuracy of our technical analysis.
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Gokulnath 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, 3 months ago
Positional trading uses technical methods to analyse stock movement and helps us in forecasting.
Positional analysis helps us analyze market over a short to long period of time unlike intraday trading which happens in a day.
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Gokulnath replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 3 months ago
1. First the market direction should be evaluated by considering a set of criterias.
2. Then 2 top performing sectors should be chosen.
3. From theses sectors 4 to 5 companies should be selected base on price and based on turnover separately.
4. From these 2 lists, company that matches is selected.
5. A final check is done by analyzing it’s p…[Read more]
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Gokulnath replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 8 years, 3 months ago
ideal time in indian market is 10 to 12 am and 2 to 3 pm
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Gokulnath 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, 3 months ago
1. Consolidation:(Area Gap)
If a gap appears in the neutral or non trending zone then it is called as an area gap. This gap should be usually filled. If the gap is not filled then a breakout can be expected. The volume during this gap is generally low.
2. Breakout Gap:
if a gap appears during breakout then it’s termed as a breakout gap. This s…[Read more]
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