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Ajai Kamath and Joel Pinto are now friends 7 years, 8 months ago
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Udayarka Pakala and Joel Pinto are now friends 7 years, 9 months ago
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Joel Pinto replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 7 years, 9 months ago
Stock with high momentum is identified by the following for intraday,
1. Global market – Negative or Positive
2. FII activity in Indian stock market – Negative or Positive
3. Market movement – Negative or Positive
4. Market breadth, advance/decline – based on price movement
5. Market breadth, turnover wise – Negative or Positive…[Read more]
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Joel Pinto replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 7 years, 9 months ago
Ideal time for intraday trading is
Morning: 10:00- 11:30 am
Afternoon: 2:00- 3:00pm
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Joel Pinto 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 7 years, 9 months ago
It is mandatory. we have to close the intraday position on the same day to avoid overnight risk or we are subjected to penalty.
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Joel Pinto replied to the topic What is intraday analysis? How it is different from positional analysis in the forum Intraday Analysis for Day Traders 7 years, 9 months ago
Intraday analysis is a trade which is done within a day
Positional analysis is done on long term basis so it can’t be used for intraday
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Joel Pinto replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 7 years, 9 months ago
Yes the global market have the impact on the intraday price moment.
Opening market price based on Asian market and closing market price based on European market
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Joel Pinto replied to the topic Why the positional analytical methods are not followed in intraday analysis? in the forum Intraday Analysis for Day Traders 7 years, 9 months ago
Positional analytical method the stock has to be hold overnight, i.e, more than a day. It takes more time.
Intraday the stock has to buy and sell on the same day, so it is not possible.
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Joel Pinto replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 7 years, 9 months ago
If the rise in price is 100 the consecutive fall would be approximately 61.8. This formation is like the golden ratio between no. in Fibonacci Series.
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Joel Pinto 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 7 years, 9 months ago
Fibonacci series horizontal with:
* 38% of support
* 62% of resistance
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Joel Pinto 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 7 years, 9 months ago
Technical indicators are driven by algorithms. This gives its results based on the quality of the data input.
Technical indicators help us find the price direction and based on this, the buy or sell can be carried out.
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Joel Pinto replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 7 years, 9 months ago
Moving average can applied for short term (21days price movement). It works during trending, not support sideways movement.
Bullish trend:
The trend is positive till the current market price is above the average.
Bearish trend:
The trend is negative till the current market price is below the average.
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Joel Pinto replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 7 years, 9 months ago
Relative strength index – RSI
It provides the market trend and a range of 30 to 70% to indicate buying and selling zone, i.e over bought and over sold stocks.
Buying zone is considered to be below 30%of RSI region where the stocks are oversold. When price crosses and goes above 30% then it is ideal to buy
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Joel Pinto replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 7 years, 9 months ago
A sudden increase in price at opening when compared to the previous close balance is known as gap analysis.
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Joel Pinto replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 7 years, 9 months ago
Gap analysis will give us the strength of the existing trend, formation of new trend or termination of exiting trend.
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Joel Pinto replied to the topic How to name a GAP? What are Four Types of GAP? in the forum GAP Analysis and its interpretations 7 years, 9 months ago
Gap analysis is formed by the breakout
Types of gap
Area gap
Breakout gap
Exhaustion gap
Runaway gap -
Joel Pinto 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 7 years, 9 months ago
Area GAP: It appears inside the trading zone,volume should be low
Breakout GAP: Breakout appears after the trading range, the gap may not be filled, volume is high
Runway GAP: It appears in post breakout, volume is evenly distributed, day’s close is high
Exhaustion GAP: It appears after trending zone which seems to be a runway gap.It gets filled o…[Read more] -
Joel Pinto replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 9 months ago
The forecasting duration for candlestick analysis is 4-5 days
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Joel Pinto 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 7 years, 9 months ago
Engulfing could be Bullish or Bearish. Latest Full body (Bullish) should cover the previous (Bearish)body, Reverse for Bearish engulfing.
Conditions: Recent Fall in Price to Be witnessed, Slight increase in Volume in any two days. Entry at High of Bullish candle and Exit (SL) at Low of bullish candle.
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Joel Pinto 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 7 years, 9 months ago
Candle stick charts gives you detailed day to day price movements. It gives you short term trend.
Recommended for weekly trader, Day candle is recommendedHigh volume gives us an idea of the strength of the demand and trend reversal.
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