Hema

Technical indicators – Easy and readymade analysis
Moving average – see 21 days for short term, if current price is above average then its bullish trend. if below average point it is bearish. it is optional and it works like a magnet. it may not work well in sideways or non trending zone.

Relative strength index – RSI, 70 – just below 70 sell it…[Read more]

Gail india – Runaway gap

ACC exhaustion gap

Gap indicates strength, helps in locating phase of trend.appears due to difference in trading range. with high volume

Gap indicates strength, helps in locating phase of trend.appears due to difference in trading range
Area gap – use candlestick chart, market is trending and takes a sideways in which a gap is visible on day wise. when a gap is formed in non-trending zone then it is area gap.low volume.

Trade plan for NIFTY
Area gap bullish trend
Position -…[Read more]

Hanging man needs maximum head and tail shouldn’t be visible with high volume.should be in green color,

Trade plan for HDFC
Hanging man bearish
Position – short
Target – 1021
Entry – 1063
Stoploss – 1104
Risk –  41 points

DOJI  means neutral, Appearance of DOJI after significant price fall, high volume means trend reversal. morning star or bullish doji, long position, here extra ppints can be kept for target maybe 150%.

Trade plan for ACC ltd
Bullish trend
Position – long , Morning star
Target – 1426
Entry – 1390
Stoploss – 1368
Risk – 22 points

Piercing pattern – green body should cover previous day’s low. today’s body should cover atleast 50% of previous day’s body. upper tail should be small with good volume. appears rare, good for weekly traders, long position with previous day’s highest point and tail of today’s body is stop loss

Trade plan for ACC Ltd
Piercing line
Bullish…[Read more]

Engulfing patterns – reliable and appears frequently, use only candlesticks chart, good for weekly traders, latest green body should cover previous day red body, with or without volume increase.

Bullish engulfing appears after price fall.good for long position where the needle is at new peak is entry point and can sell where  the tail is ending…[Read more]

TRIANGLE PATTERN TAKES 1.5 MONTH IN FORMING, ABCDE CORRECTIVE WAVE POINTS NEEDED. SHOULD FORM A TRIANGLE SHAPE IN RIGHT SIDE. BREAKOUT AT 70% ZONE.HIGH VOLUME REQUIRED

TRADE PLAN FOR BAJAJ FINSERV
TRIANGLE PATTERN
ENTRY – 1360
POSITION – LONG
STOPLOSS –1220
TARGET – 1400
RISK – 40 POINTS

FLAG PATTTERN HAS STEEPER POLE 75-80DEGREE RECTANGULAR SHAPED SIDEWAYS SLANT. WITH LOW VOLUME. EXPECTED TO GO UP WHILE GIVING BREAKOUT. TKES FEW DAYS TO FORM.
TRADE PLAN FOR ACC
FLAG PATTERN
ENTRY – 1390.8
POSITION – LONG
STOPLOSS –1313.6
TARGET – 1468
RISK – 77 POINTS

TRADE PLAN FOR AXIS BANK

CUP PATTERN
ENTRY – 539
POSITION – LONG
STOPLOSS – 375

TARGET – 703

RISK – 164 POINTS

 
<p style=”margin: 0cm 0cm 10pt;”><span style=”mso-fareast-language: EN-IN; mso-no-proof: yes;”><span style=”color: #000000; font-family: Calibri;”>TRADE PLAN FOR AXIS BANK</span></span></p>
 
<p style=”margin: 0cm 0cm 10pt;”><span style=”mso-fareast-language: EN-IN; mso-no-proof: yes;”><span style=”color: #000000; font-family: Calibri;”>CUP…[Read more]

TRADE PLAN FOR AXIS BANK

HEAD AND SHOULDERS
ENTRY – 532.0
POSITION – LONG
STOPLOSS – 499.0
TARGET – 564.6

RISK – 33 POINTS

 
<p style=”margin: 0cm 0cm 10pt;”><span style=”mso-fareast-language: EN-IN; mso-no-proof: yes;”><span style=”color: #000000; font-family: Calibri;”>TRADE PLAN FOR AXIS BANK</span></span></p>
 
<p style=”margin: 0cm 0cm 10pt;”><span style=”mso-fareast-language: EN-IN; mso-no-proof: yes;”><span style=”color: #000000; font-family: Calibri;”>HEAD AND…[Read more]

TRADE PLAN FOR ASIAN PAINTS

DOUBLE BOTTOM
ENTRY – 829.3
POSITION – LONG
STOPLOSS – 794
TARGET – 864
RISK – 35 POINTS