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M S Vengatesan started the topic Ambujacements- Doji- Morning Star- Analysis in the forum DOJI – Morning Star and Evening Star 7 years, 4 months ago
Long 201.20 —- 23.11.16
SL 193.60
Target 213 —- 8.12.16
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M S Vengatesan started the topic Hindzinc- Bullish Engulfing – Analysis in the forum Engulfing Candlesticks Patterns 7 years, 4 months ago
Long at 253.20 – 17.11.16
Stoploss at 232.20
Target 274 – 24.11.16
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M S Vengatesan started the topic Glenmark- Bullish Piercing – Analysis in the forum Piercing Candlesticks Patterns 7 years, 4 months ago
Long at 874.20 – 5.12.16
Stoploss 851.90
Target 896.50 – 9.12.16
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M S Vengatesan started the topic Triangle – Asian Paint _ Bullish in the forum Triangle Pattern 7 years, 5 months ago
Triangle pattern found Mar’16 – May’16 period
Buy 890
Stoploss 861.50
Target 947
Breakout was on 6.5.16 Target reached on 13.5.16
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M S Vengatesan started the topic Cairn – Flag – Bullish in the forum FLAG Pattern 7 years, 5 months ago
Cairn Flag Pattern
Bullish
Buy 227.80 Stoploss 221.20 Target 238.00
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M S Vengatesan started the topic Reliance – Cup Pattern – Long in the forum CUP pattern 7 years, 5 months ago
Cup started : 27/4/16 = 1018.80 NIFTY @ 7978
Cup rounding : 19.7.16 = 1022.80 Nifty @ 8462
Cup Mid : 23/5/16 =930.50 NIFTY 7725 —- 08/06/16 = 955.10 NIFTY 8273.80 —-> Low correlation
Recommendation : Create Long : Buy up to 1022.80 , Stoploss 955.10 , Target short term 1127.10 ( Highest in 5 years) Resistence 1110.50 = Long Term…[Read more]
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M S Vengatesan started the topic Ambujacem – Bearish – double Top in the forum Double Bottom / Double Top 7 years, 5 months ago
Ambujacem Double Top
A : 5/8/16 : 275.80
B : 31/8/16 :278.30 High volume
C : 9.9.16 Short @ 259.70
Target 241
Stop loss 275.80
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M S Vengatesan started the topic Idea – Head& Shoulder in the forum Head and Shoulder 7 years, 5 months ago
on 9.3.15 week : LS was formed with good volume @ 181.90
on 13.4.15 week Head formation @ 196.80
On 29.6.15 week RS Formation @ 180.80
Short can be created at 166.70 with target of 136.60
stoploss 181.90
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M S Vengatesan started the topic ACC – Double Top- short in the forum Double Bottom / Double Top 7 years, 5 months ago
ACC
5.8.16 : 1721.30
31.8.16 : 1711.40 High volume
Create short at 1618.60: Target 1515.90 : Stoploss 1711.40
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M S Vengatesan started the topic Hindalco – Bullish – Buy >175.10 , Target 191.10 in the forum Dow Theory – Old but a Golden Concept 7 years, 5 months ago
Hinadalco is bullish.
Buy above 175.20 : Target 191.10 ( High touched on 21.7.14) : Stoploss 157.40
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M S Vengatesan started the topic BHEL- Bearish – Dow Theory in the forum Dow Theory – Old but a Golden Concept 7 years, 5 months ago
BHEL Bearish
Short position can be created – Target 118.30 – Stop loss 131.60 …..with today’s market price
Theoretically …. entry at 131.60 – Target 118.30 – stop loss 143.10
EQSIS … pl comment
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M S Vengatesan started the topic BHEL- Bearish – Dow Theory in the forum Dow Theory – Old but a Golden Concept 7 years, 5 months ago
BHEL Bearish
Short position can be created – Target 118.30 – Stop loss 131.60
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M S Vengatesan 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 7 years, 5 months ago
Otherwise settlement will happen , then it becomes a positional trading. While we should have fund to cover the buying , we should have shares if short position is created. Otherwise it may end up in huge loss. So Intraday need to be closed on the same day , better before 3.15 pm.
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M S Vengatesan replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 7 years, 5 months ago
Anytime except between 12.30pm to 1.30pm as no world marketinfluence will be available. If carefully traded , 2.30 pm to 3.15 pm may be good.
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M S Vengatesan replied to the topic Why the positional analytical methods are not followed in intraday analysis? in the forum Intraday Analysis for Day Traders 7 years, 5 months ago
1. While positional analysis is being done to create a long time investment , intraday is meant for the day.
2. PA takes lot of time and in intraday every minute counts.
Hence PA is not used in intraday analysis.
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M S Vengatesan replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 7 years, 5 months ago
Yes . While the estern market trend impacts the Indian market in the morning , afternoon market is impacted by Europe & US markets as the fluctuations in those market may affect the performance of Indian companies and impact the FII investments.
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M S Vengatesan replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 7 years, 5 months ago
The following need to be followed
1. Trend of world market
2. FII Activity
3. Indian market
4. Market breadth…advance / decline ratio
5. Market breadth….. turnover basis
6. Identifying top performing sector
7. Top performing stock both in terms of price / turnover
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M S Vengatesan replied to the topic What is intraday analysis? How it is different from positional analysis in the forum Intraday Analysis for Day Traders 7 years, 5 months ago
Intraday analysis is being done on shorter durations , may be once in 5 minutes with in a day to understand price movement to make quick decisions.
Positional analysis is normally done on a longer period to decide long time investments
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M S Vengatesan replied to the topic What is called technical indicators? How it is different from other analysis? in the forum Technical Indicators to understand market trend 7 years, 5 months ago
Technical indicators are supportive tool to confirm any conclusion arrived thro other analysis. Being a ready made tool , Indicators are used as secondary measure to confirm the outcome of analysis , the primary activity in technical analysis.
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M S Vengatesan replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 7 years, 5 months ago
Moving Average is an indicator that helps to smooth out the day today fluctuations. It is a lagging indicator but gives better idea on trend. Trend goes above the moving average is bullish and going down is bearish
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