@monish
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monish kumar wrote a new post, TODAY BEARISH ENGULFED AFTER BULLISH RALLY 7 years, 1 month ago
Jindal steel today formed bearish engulfing pattern after huge bullish rally also day b4 yesterday shooting star formation indicates us there is some selling pressure . so short entry should create.short entry=
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monish kumar commented on the post, TODAY HANGING MAN AFTER LONG RALLY 7 years, 2 months ago
@eqsis: thankyou sir for clearing my doubt
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monish kumar commented on the post, TODAY HANGING MAN AFTER LONG RALLY 7 years, 2 months ago
@eqsis : yes sir, i agree that fundamentally the stock is strong also here today hanging man and volume is huge also that indicates temporary weekness.
@Tamil Selvam J: Are you sure that it is not a hanging man? -
monish kumar wrote a new post, TODAY HANGING MAN AFTER LONG RALLY 7 years, 2 months ago
After a long rally today it has formed hanging man also RSI>85 which indicates stock is likely overbought and hanging man indicates bearish trend reversal so we should create short at hanging day low and
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monish kumar commented on the post, HANGING MAN TO SAY BEARISH 7 years, 2 months ago
Also any candlestick pattern it is considered after a significant fall or rise only not during any sideways movement.
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monish kumar wrote a new post, TODAY DOUBLE TOPPED-WAIT TILL BREAKOUT OF PREVIOUS LOW 7 years, 2 months ago
A clear double top has formed and also the gap between both the top is about 21 days.Also high volume during the second top is indicates that high selling pressure . so wait till breakout of previous low and enter
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monish kumar posted an update 7 years, 2 months ago
previously (YESTERDAY) i had asked about this but there is no response from you sir.
Hello sir, here one should consider today bharti airtel as flag breaked also the volume is considerably good.but my concern is about only the RSI is very well above 70 and exactly RSI @ 77.3.which means a kind of the stock is look like over bought?
rather to…[Read more] -
monish kumar commented on the post, SUN PHARMA – BULLISH 7 years, 2 months ago
I have one concern is nothing but after the significant fall if engulfing pattern means then the latest green body must should cover the previous day red body.But here it is not fully covered?
Then is it to be -
monish kumar started the topic BHARTI AIRTEL-FLAG BREAKOUT OR RSI>70 ? in the forum Stock market questions and answers 7 years, 2 months ago
Hello sir, here one should consider today bharti airtel as flag breaked also the volume is considerably good.but my concern is about only the RSI is very well above 70 and exactly RSI @ 77.3.which means a kind of the stock is look like over bought?
rather to create long due to flag breakout? or
keep away from this stock and wait till RSI reaches…[Read more]
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monish kumar wrote a new post, TATA MOTORS-RSI BULLISH 7 years, 2 months ago
Here before 12days both the RSI & MACD indicates that it is over bought and short position could be created accordingly.Then comfortably the price has gone down and now before 2 days there is an indication from
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monish kumar wrote a new post, BHARATFORG-AREA/BREAKOUT/EXHAUSTION GAP 7 years, 2 months ago
A common area gap followed by the breakout gap and after that a gap appers on opening of the day and got filled the same day termed out to be a exhaustion.Even before the gaps there is a double bottomed like
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monish kumar wrote a new post, NIFTY-RUNAWAY GAP 7 years, 2 months ago
After the double bottomed and gave a breakout which is a breakout gap that is followed by a gap termed out to be the runaway gap that indicates the high strength to acheive the target of the double bottom in near terms.
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monish kumar wrote a new post, SIEMENS-BREAKOUT GAP 7 years, 2 months ago
already it has formed the double bottom and there is a breakout gap after crossed the high of the double bottom with huge volume
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monish kumar wrote a new post, LUPIN-TODAY AREA GAP 7 years, 2 months ago
The gap has formed and got filled in the same day itself also the formation is followed by a sideways movement .
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monish kumar wrote a new post, SUN PHARMA-HANGING MAN RECENTLY 7 years, 2 months ago
Hanging man after a good rise and also the uppertail is large with the lower tail is tolerable short also with a rise in volume indicates the strength of this pattern with this we move to create short below the
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monish kumar wrote a new post, PNB-DOJI 7 years, 2 months ago
After a fall the doji formed with huge volume indicates the trend reversal and should create short.
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monish kumar wrote a new post, PFC-BULLISH PIERCED 7 years, 2 months ago
After a significant fall a bullish reversal piercing had seen and long position could have been created and waited till one week duration for the target to acheive.whereas the spoted target acheived even before one week.
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monish kumar wrote a new post, ABB-BEARISH ENGULF-WAITING FOR TARGET TO ACHEIVE 7 years, 2 months ago
AS per engulfing there must be a significant rally is concerned which is noted here and its a bearsih engulfing after a significant rise.so one should create short entry and wait till one week duration.
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monish kumar wrote a new post, HDFC-AT PRESENT FLAG FORMATION-WAIT TILL POSIITVE BREAKOUT 7 years, 2 months ago
In this case the formation of steeper pole and inclined about more than 80% followed by a rectagle formation more than 5consecutive days and hereby one can take long position if positive breakout with high volume.
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monish kumar wrote a new post, ACC-HEAD&SHOULDER-BEARISH 7 years, 2 months ago
This case we seen a left shoulder with high traded volume and one month duration followed by the sneak head with the peak volume and ofcourse the duration takes more than a month for head and then the right
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