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Mitesh Thakkar wrote a new post, HEXAWARE – BULLISH PIERCING 6 years, 2 months ago
After a continuous downward movement in price, a bullish green candle is formed covering 3/4th of the previous red candle along with its lower tail. A clear formation of Bullish Piercing candle stick pattern is observed.
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Mitesh Thakkar wrote a new post, KOTAK MAHINDRA BANK LTD. – BEARISH ENGULFING PATTERN 6 years, 2 months ago
Bearish engulfing pattern can be observed on the charts of Kotak Mahindra Bank Ltd. indication a short term trend reversal. A short position can be taken below the low of the pattern at 981.
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Mitesh Thakkar wrote a new post, AMBUJACEM – BULLISH ENGULFING PATTERN 6 years, 2 months ago
On the backdrop of falling share prices in Ambuja cements since a few days, we can observe a strong bullish green candle engulfing the previous red candle. Though there is not much of encouraging volumes seen
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Mitesh Thakkar wrote a new post, KARNATAKA BANK LTD. – TRIANGLE PATTERN WITH BEARISH OUTLOOK 6 years, 3 months ago
Karnataka Bank can be considered for a short position considering a very strong triangle pattern if the price breaks below 135 for a target of 90 in the long term.
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Mitesh Thakkar wrote a new post, JAIN IRRIGATION – BULLISH TRIANGLE PATTERN 6 years, 3 months ago
A Bullish Triangle pattern can be witnessed on the daily charts of Jain Irrigation Systems Ltd. A Positional trader can take a long call once the price breaks the high of the pattern with a stop loss at the bottom
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Mitesh Thakkar and Tamil Selvam J are now friends 6 years, 3 months ago
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Mitesh Thakkar commented on the post, GLENMARK PHARMA – HEAD AND SHOULDER PATTERN 6 years, 3 months ago
Dear Vignesh,
Thanks as usual for your confirmation.. Helps a lot.
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Mitesh Thakkar commented on the post, GLENMARK PHARMA – HEAD AND SHOULDER PATTERN 6 years, 3 months ago
Dear Tamil,
Your suggestion is very well taken and will surely try to look for the most recent scenarios so we can benefit from our findings and efforts.
Many thanks for your suggestion.
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Mitesh Thakkar wrote a new post, NCC LIMITED – BEARISH FLAG FORMATION (INVERTED) 6 years, 3 months ago
NCC Limited. has recently formed an inverted flag in it’s daily charts presenting an opportunity to go short at 120 levels with a stop loss at 130 and a short term target of 110. A position can be created in NCC
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Mitesh Thakkar wrote a new post, MARUTI SUZUKI INDIA LTD. – BULLISH FLAG PATTERN 6 years, 3 months ago
A bullish flag pattern can be noticed in the daily charts of Maruti Suzuki India Ltd, presenting an opportunity to go long at the breakout of the pattern.
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Mitesh Thakkar wrote a new post, SAIL – CUP PATTERN 6 years, 3 months ago
Cup pattern being a slow accumulation pattern is very aptly visible in the long terms charts of “SAIL”.
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Mitesh Thakkar wrote a new post, GLENMARK PHARMA – HEAD AND SHOULDER PATTERN 6 years, 3 months ago
We can notice Head and Shoulder pattern, which is a distribution pattern, in the technical chart of Glenmark Pharmaceuticals during the months of July to Dec 2016. This presents a good opportunity to go short
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Mitesh Thakkar wrote a new post, YES BANK – DOUBLE BOTTOM FORMATION 6 years, 3 months ago
A double bottom can be easily noticed when we have a close look at the Yes Bank daily charts with decent volumes indication a trade for long position with a view of medium to long term view.
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Mitesh Thakkar wrote a new post, HINDZINC – DOUBLE TOP FORMATION 6 years, 3 months ago
There is a classic “Double Top” formation occurred in the daily charts of Hindustan Zinc with particularly huge volumes traded during the second top formation. This is a perfect opportunity to go short once the
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Mitesh Thakkar wrote a new post, SUN PHARMA – DOW THEORY BEARISH TREND 6 years, 3 months ago
The stock has been continuing it’s down trend forming lower tops and lower bottoms creating an apt opportunity to short sell this stock at 605 where it has broken another previous support.
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Mitesh Thakkar wrote a new post, INDUSINDBK – DOW THEORY BULLISH TREND REVISED 6 years, 3 months ago
Indusind Bank is in its uptrend making higher tops and higher bottoms with consistent volumes. The stock is expected to breakout above its previous top 1670. Long position can be taken above 1670 for its next target of 1730.
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Mitesh Thakkar wrote a new post, INDUSINDBK – DOW THEORY BULLISH TREND 6 years, 3 months ago
As per DOW theory, Indusind Bank is in a strong uptrend. After months of consolidation, the script has broken out of its range with average volumes.
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Mitesh Thakkar wrote a new post, Day Trading – The Process 6 years, 3 months ago
Intraday Analysis is a process of selecting stocks based on current momentum and prevailing market sentiment. Intraday analysis is very different from positional trading. In positional analysis, a trader scouts
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Mitesh Thakkar wrote a new post, Technical Indicators and its uses – A small study 6 years, 3 months ago
Technical indicators are readymade algorithmic technical analysis tools. A trader must use it only as a supporting tool. There are many types of technical indicator among them most commonly used are Moving
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Mitesh Thakkar wrote a new post, Gap Analysis 6 years, 3 months ago
Gap indicates the strength of the existing trend. It helps us to locate the phase of the trend.It occurs due to difference in trading range. There are 4 different types of Gaps – Area gap, Breakout Gap, Runaway
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