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Shankar Midatala wrote a new post, InfiBeam Flag down 5 years, 10 months ago
InfiBeam lost more than 14% in 5 days making the inverse pole.And since then moving in a narrow range of less than 5%, making the flag.This position is suggesting a Bearish Flag offering opportunity to Go Short
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Shankar Midatala wrote a new post, Bearish Flag Possibility – Ultratech 5 years, 10 months ago
Ultratech Cement is on a downward trend from Jan 2018 making Lower Highs and Lower Lows.From the recent Position of 4152 lost more than 12% in 8 days reaching 3630, with High Vol.Since trading in a narrow range of
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Shankar Midatala wrote a new post, Bullish Flag in formation – Bajaj Finance 5 years, 11 months ago
Bajaj Finance made the pole formation with Huge Vol.Price is above both 200 and 50 SMA.
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Shankar Midatala wrote a new post, Colgate Palmolive Cup filled in 6 days 5 years, 11 months ago
Colgate Palmolive made a Cup pattern during Jan 22, 2018 to May 16, 2018.During the period volumes were low, price reached a low of 1022.Price moved around 1040 for more than 20 days during the pattern
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Shankar Midatala commented on the post, lupin to leep up 5 years, 11 months ago
Nice Analysis, Good Luck.
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Shankar Midatala commented on the post, DLF Head and Shoulder bearish. 5 years, 11 months ago
Nice Analysis, Good Luck.
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Shankar Midatala wrote a new post, SAIL short position with Head & Shoulder pattern, target reached 5 years, 11 months ago
SAIL offered a position to go Short below 84.Vol was higher during the formation of the Left shoulder (time taken for Left shoulder formation was longer, compared to Right shoulder formation).Once price broke the
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Shankar Midatala wrote a new post, Watch out for Double Bottom in Cummins 5 years, 11 months ago
Cummins made a High on Jan 4 at 984 and price dropped by more than 27% to make a low 724 Mar 28.Made a Lower High of 778 on May 8.Previous low was tested again on May 25 with High vol, suggesting a likely Double
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Shankar Midatala wrote a new post, Quick Target reached with Double Bottom in ICICI Prudential 5 years, 11 months ago
ICICI Prudential made a top at 449 on Jan 24 and lost more than 15% in stock price by Mar 21.Made a Lower high by gaining more than 7% at 400.65 on Apr 9.Price dropped to 372 on Apr 20, making a Double Bottom with
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Senthamizhselvan and Shankar Midatala are now friends 5 years, 11 months ago
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EQSIS and Shankar Midatala are now friends 5 years, 11 months ago
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Shankar Midatala wrote a new post, Quick Profit from IRB Double Top 5 years, 11 months ago
IRB Infrastructure gained more than 29% from the low made Mar 23, 2018 to Apr 18 making a Top at 281.25.The same Top was taken on Apr 30 with above average volume compared to previous 2 weeks.Offering a Short
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Shankar Midatala commented on the post, Hindalco double bottom bullish breakout 260518 5 years, 11 months ago
Clear Explanation, loved it.
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Shankar Midatala commented on the post, Britannia Industries Ltd – Bullish – Target Achieved – Dow Theory 5 years, 11 months ago
Found your explanation, clear and concise.
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Shankar Midatala wrote a new post, Cummins India Breaking Lows 5 years, 11 months ago
Cummins India following a Bearish trends is seen making lower tops and lower bottoms.A Short position was possible when the Lower bottom of 840 was taken out with High volume.Target was achieved in under 2 months time.
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Shankar Midatala wrote a new post, TCS taking out the TOP and reaching Higher 5 years, 11 months ago
TCS is seen making Tops and Bottoms and following DOW theory.Higher Top made at 3201 and when price breaks 3201 a Long position can be created.TCS crossed the Entry price with High Vol and is currently approaching
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Shankar Midatala wrote a new post, Successful Intraday Positions 5 years, 11 months ago
Intraday positions can quickly turn into profit or loss depending on the trade direction.
Key points to consider before taking an intraday trade such as identifying the market direction, sector direction and the -
Shankar Midatala wrote a new post, Technical Indicators way to profitable trades 5 years, 11 months ago
Technical indicators support trading decisions by providing crucial information to help take trades.
Moving averages give an overall direction of the trend, also keeping in mind that the prices are always -
Shankar Midatala wrote a new post, Find Gaps and Find Profits 5 years, 11 months ago
Non-Trending zone: Area gap, expect to get filled
Trending zone: Breakout gap, marks the beginning of a trend
Runaway gap, extends the trend
Exhaustion gap, marks the termination of the trend. -
Shankar Midatala wrote a new post, Making profits using CSA (Candle Stick Analysis) 5 years, 11 months ago
CSA, short term traders Powerful weapons that can be used to realize profits.
Studies 4 different price aspects, Open, High, Low and Close.
4 strong trend reversal candles, Engulfing, Piercing and Hammer
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