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Lakshman Chandrasekaran posted an update 8 years, 2 months ago
4th Feb 2016 — 13:23 pm
Nifty 50
Yesterday Close – 7361.80
Current Status – 7345.80
1.01% PositiveBest Performers Sector wise
1. NIFTY Metal – 2.33% Positive
2. NIFTY Auto – 1.39% PositiveWorst Performers Sector wise
1. NIFTY Pharma – 0.51% Negative
2.NIFTY PSU Bank – 0.37% PositiveBest Performers Company wise
1. VEDL – 8.60% Positive
2.…[Read more] -
Lakshman Chandrasekaran started the topic NIFTY – RSI – Moving Average in the forum Technical Indicators – Readymade Analysis 8 years, 3 months ago
The first image of NIFTY is for RSI Indicator. It shows us that during the non trending zone, the RSI crosses 70 mark and lets us know that the stock is overbought and a good time to take a short position as a bearish movement is expected.
The second image shows NIFTY Moving Average Indicator. It shows that during the trending zone, the prices…[Read more]
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Lakshman Chandrasekaran started the topic ACC – Bearish – Exhaustion Gap in the forum Exhaustion GAP 8 years, 3 months ago
In the image attached of ACC we can see an exhaustion gap. It was a bullish movement all along until we spot the exhaustion gap and after that it is bearish movement for a while. The exhaustion gap signifies trend reversal.
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Lakshman Chandrasekaran started the topic NIFTY – Runaway Gap in the forum Runaway GAP 8 years, 3 months ago
In the image attached of NIFTY, we can see a runaway gap. This would predict a further strengthening of bearish movement as the runaway gap is seen during a downward trend. It does last, but only for a few days.
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Lakshman Chandrasekaran started the topic DR REDDYS – Bearish – Breakout Gap in the forum Breakout GAP 8 years, 3 months ago
In the image attached of Dr Reddys Lab, we can see a breakout gap with strong volume on the first day of gap. Breakout gap lets us know the strength of the bearish or bullish movement as in this image, we can see that it is a strong bearish movement after the gap.
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Lakshman Chandrasekaran started the topic ACC – Area Gap – Non Trending in the forum Area Gap / Trading GAP 8 years, 3 months ago
In the image attached of ACC we can see an area gap in the non trending zone. This is expected to be filled and is filled in the coming days.
An area gap is a gap in the non trending zone which signifies just a temporary gap and is expected to filled soon. If it does not fill then one zone is considered powerful than the other depending on the…[Read more]
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Lakshman Chandrasekaran started the topic BHEL – Bullish – HammerCandlestick in the forum Hammer and Hanging Man 8 years, 3 months ago
Long Position
- Entry – 249
- Stop Loss – 236
- Target – 275
In the image attached of BHEL we can see a bullish candlestick hammer after a rally of bearish movement. The Hammer tail is more than twice the candlestick body size and its top tail is fairly much smaller. There is also good volume on the hammer day. Good time to take a long position.
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Lakshman Chandrasekaran started the topic ACC – Bullish – Doji in the forum DOJI – Morning Star and Evening Star 8 years, 3 months ago
Long Position
- Entry – 41.30
- Stop Loss – 41
- Target – 41.9
In the image attached of daily ACC chart we can see a Doji or more specifically morning star with good volume indicating trend reversal.
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Lakshman Chandrasekaran started the topic ACC – Bullish – Piercing Candlestick in the forum Piercing Candlesticks Patterns 8 years, 3 months ago
Long Position
- Entry – 38.65
- Stop Loss – 37.75
- Target – 39.55
In the image attached of ACC, we see a piercing candlestick pattern. The piercing candlestick, pierces the previous day candle with a significant low start and also covers more than 50% body of the previous candlestick. The volume is comparable to the previous 4 days. The top tail…[Read more]
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Lakshman Chandrasekaran started the topic AXIS Bank – Bullish – Engulfing Candlestick in the forum Engulfing Candlesticks Patterns 8 years, 3 months ago
Long Position
- Entry – 1412
- Stop Loss – 1323
- Target – 1501
In the image attached of AXIS bank, there is a bearish trend for about 7 days and the green engulfing candlestick happens on a high volume day. This sets a trend reversal for the next few days to come.
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Lakshman Chandrasekaran started the topic Grasim industries LTD – Bullish – Triangle Pattern in the forum Triangle Pattern 8 years, 3 months ago
Long Position
- Entry – 3654
- Stop Loss – 3325
- Target – 3983
In the image attached of Grasim Industries Limited, there is a triangle pattern formed over a period of 2 almost two months. The breakout happens at around 75% of the triangle. Volume is decent while breakout.
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Lakshman Chandrasekaran started the topic ACC – Bullish – Flag Pattern in the forum FLAG Pattern 8 years, 3 months ago
Long Position
- Entry – 42.30
- Stop Loss – 39.60
- Target – 45
In the image attached of ACC we see a flag pattern, with the line being the steeper pole and the oval being the flag. The flag also stays sideways for a period of 5 days. During the flag pattern there is low volume being traded and high volume at breakout.
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Lakshman Chandrasekaran started the topic ACC – Bullish – Flag Pattern in the forum FLAG Pattern 8 years, 3 months ago
Long Position
- Entry – 42.30
- Stop Loss – 39.60
- Target – 45
In the image attached of ACC we see a flag pattern, with the line being the steeper pole and the oval being the flag. The flag also stays sideways for a period of 5 days. During the flag pattern there is low volume being traded and high volume at breakout.
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Lakshman Chandrasekaran started the topic JINDCOT – Bullish – Cup Pattern in the forum CUP pattern 8 years, 3 months ago
Long Position
- Entry – 23
- Stop Loss – 6
- Target – 40
In the image attached there is a fairly rounding bottom over many months, little over a year with lacklustre volume being traded. This signifies slow accumulation. Once the cup breaks the neck line or finishes forming the right edge we can create a long position.
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Lakshman Chandrasekaran started the topic Aries Argo LTD – Head and Shoulder – Bearish in the forum Head and Shoulder 8 years, 3 months ago
There is a head and shoulder pattern which is LS, H and RS.
Short Position
- Entry – 100
- Stop Loss – 150
- Exit – 50
The pattern has a span of about 5 months with good volume on the left shoulder and less volume on the right shoulder.
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Lakshman Chandrasekaran started the topic DRREDDY'S – Bullish – Double Bottom in the forum Double Bottom / Double Top 8 years, 3 months ago
Long Position
- Entry – 3365
- Stop Loss – 3310
- Target – 3420
In the image attached of DRREDDY’S a long position can be created at the above given values as we can see a double top (points A &B) with good volume at the second bottom. The time difference between the bottoms is well over a month.
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Lakshman Chandrasekaran started the topic CIPLA – Double Top – Bearish in the forum Double Bottom / Double Top 8 years, 3 months ago
Please ignore the first image.
Short Position
- Entry – 687
- Stop Loss – 733
- Target – 641
In the image attached of CIPLA a short position can be created at the above given values as we see a double top(A &B) and good volume around the second top. The time difference between the tops is also little over a month.
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Lakshman Chandrasekaran started the topic CIPLA – Double Top – Bearish in the forum Double Bottom / Double Top 8 years, 3 months ago
Short Position
- Entry – 687
- Stop Loss – 733
- Target – 641
In the image attached of CIPLA a short position can be created at the above given values as we see a double top and good volume around the second top. The time difference between the tops is also little over a month.
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Lakshman Chandrasekaran started the topic CIPLA – Double Top – Bearish in the forum Double Bottom / Double Top 8 years, 3 months ago
Short Position
- Entry – 687
- Stop Loss – 733
- Target – 641
In the image attached of CIPLA a short position can be created at the above given values as we see a double top and good volume around the second top.
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Lakshman Chandrasekaran replied to the topic BHEL – Dow Theory – Bearish in the forum Dow Theory – Old but a Golden Concept 8 years, 3 months ago
Yes! Next time, for sure!
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Sir this is the DATA, very difficult to remember for some time. i recommend you to write your understanding in 3 to four lines (Write in statement). Also i recommend you to do this between 6PM to 11PM