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Johnson replied to the topic GSPL-Bullish-Cup pattern-Entry:88 SL:48 Target:138 – historical chart in the forum CUP pattern 8 years, 6 months ago
Dear Prem rajan
Although it is old it is a prefect cup pattern formation,with very less volume at the bottom and very high volume at the break out.
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M Prem Rajan and Johnson are now friends 8 years, 6 months ago
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Johnson started the topic NALCO-INVERTED HEAD AND SHOULDER FORMATION in the forum Head and Shoulder 8 years, 7 months ago
COMPANY -NALCO
HEAD AND SHOULDER FORMATION
Condition
Graphically head and shoulder is present and it as taken more than 2 months for the formation.
Down trend prior to the head and shoulder formation
Heavy volume at the break out level.
TRADE PLAN
buy at 39,
stop loss-34
target-50
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Johnson started the topic NALCO-INVERTED HEAD AND SHOULDER FORMATION in the forum Head and Shoulder 8 years, 7 months ago
COMPANY -NALCO
HEAD AND SHOULDER FORMATION
Condition
Graphically head and shoulder is present and it as taken more than 2 months for the formation.
Down trend prior to the head and shoulder formation
Heavy volume at the break out level.
TRADE PLAN
buy at 39,
stop loss-34
target-50
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Johnson replied to the topic Bank of Baroda-Head and Shoulder-Bearish -Entry: 175 SL:192 Trgt: 150 1-2 mnths in the forum Head and Shoulder 8 years, 7 months ago
Graphically it looks like head and shoulder pattern,but it is not able to break the neck line due to support at the level -168.
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Johnson replied to the topic ACC-Bullish, Double Bottom, Entry – 1500, SL-1365, Target-1640 in the forum Double Bottom / Double Top 8 years, 7 months ago
Dear Balaji sir
i am not able to open your chart,but I feel ACC is in down trend with lower tops and lower bottom formation from last 6 months,with a major resistance level at around 1395-1400. -
Johnson replied to the topic Jammu and Kashmir Bank – bullish – double bottom – 1-2 months E: 92 T:100 SL:87 in the forum Double Bottom / Double Top 8 years, 7 months ago
Dear prem
IN my opinion It looks more like a double top formation from the month of July to august.
There is support at 90 level,and resistance at 98.
your entry level, stop loss,is correct and the target can brought to 98. -
Johnson replied to the topic Jammu and Kashmir Bank – bullish – double bottom – 1-2 months E: 92 T:100 SL:87 in the forum Double Bottom / Double Top 8 years, 7 months ago
Dear prem
IN my opinion It looks more like a double top formation from the month of July to august.
There is support at 90 level,and resistance at 98.
your entry level, stop loss,is correct and target can brought to 98. -
Johnson replied to the topic CIPLA-DOW THEORY- BULLISH -Buy at 636 in the forum Dow Theory – Old but a Golden Concept 8 years, 7 months ago
Dear Balaji
i have attached the file. -
Ganesh and Johnson are now friends 8 years, 7 months ago
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Johnson replied to the topic TATAMOTORS bearish below 421, SL 530, Target312 in the forum Dow Theory – Old but a Golden Concept 8 years, 7 months ago
ON 30 SEPTEMBER TATAMOTORS OPENING WAS-290 AND CLOSING WAS-299.6
IT IS BEARISH TREND WITH LOWER TOP AND LOWER BOTTOM.
BUT THE PRICE MENTIONED IS WRONG(SEE THE ATTACHMENT) -
Johnson started the topic CIPLA-DOW THEORY- BULLISH -Buy at 636 in the forum Dow Theory – Old but a Golden Concept 8 years, 7 months ago
Trade Plane
CIPLA-Direction-Up trend/bullish
Major support level-572
Major resistance level-752
BUY-636
TARGET-745
STOP LOSS-615(MINOR SUPPORT LEVEL IS AT 620) -
Johnson replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 7 months ago
Top Down Approach
1) Check the world market – positive /negative.
2)Market Direction-Advance/decline
3)Sector contribution-Index wise analysis
4)Stock selection-Stock out performance
5)Market meter – Price pattern(turnover%)
– Volume traded
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Johnson replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 8 years, 7 months ago
The Ideal Time to trade is -9.30 to 11.00 am
and 2.00 pm to 3.30 pm.
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Johnson replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 8 years, 7 months ago
Yes Global market impact is there in the intraday price movement.
The Asian markets open before our market and if it is negative ,our market will also open in negative note.
And the Trend in the European market which also opens latter in the day also affects our market.
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Johnson 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, 7 months ago
Intraday trading is buying and selling with in the same day ,It is not mandatory to close the position unless the position is Short on the stock.
But most of the Intraday traders don’t take the risk of holding their position overnight.
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Johnson 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, 7 months ago
Intraday analysis is the following the price movement looking to make many trades over the course of a single trading session(with in the day).The primary focus is trend and reversal points, with the goal of identifying bullish and bearish biases that active traders can put to use .The session is influence by numerous factors like ,economic and…[Read more]
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Naveen and Johnson are now friends 8 years, 7 months ago
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Johnson 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, 7 months ago
Positional analysis Select stocks after studying the price patterns and using various indicators/oscillators to find a good entry /exit point ,but intra-day trader checks the market sentiments /trend/meter/sector contribution on day to day basis to buy /sell.
Intra day trader hold onto their positions from few minutes to few hours,but in the case…[Read more]
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Johnson replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 8 years, 7 months ago
Moving averages is Trend following indicator and shows the average value of data in its time window.A 5 days MA shows the average price for the past 5 days and a 20 days MA shows the average price for the past 20 days
There are three main types of MA: Simple,exponential,and weighted.
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