@nambithurai
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NAMBITHURAI and Sangeetha Subramaniam are now friends 8 years, 5 months ago
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NAMBITHURAI posted an update 8 years, 5 months ago
Dear Balaji,
It is nice to see your comments on various analysis and i would like to discuss further in this regard. Can i have your mobile no, if you don’t mind. -
NAMBITHURAI started the topic L& T – Head and Shoulder in the forum Head and Shoulder 8 years, 5 months ago
Head and Shoulder pattern formed with left shoulder on 23.01.15 ( Price – 1736, Volume – 1.69 million) and right shoulder on 13.04.15 ( Price- 1793, Volume – 0.648 million) with highest price in head position ( Rs 1850).
Trade Plan:
Direction : Short
Sell Below – Rs 1503
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NAMBITHURAI started the topic Bharti airtel – Double bottom pattern in the forum Double Bottom / Double Top 8 years, 5 months ago
Two equivalent bottoms were formed on 16.12.14 (Price – 340 , volume – 1.9 million) and on 15.01.15 ( Price – 343, volume – 3.5 million) and long position can be created when the price goes above 365.
Trade plan :
Direction : Long
Buy above 365
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NAMBITHURAI started the topic PFC – Double top pattern in the forum Double Bottom / Double Top 8 years, 5 months ago
Two equal double tops were formed on 02.02.15 ( Price – 308, volume – 1.9 million) and on 27.02.15 ( Price – 308, volume – 1.5 million). Short position can be created below 270.
Trade Plan:
Direction – Bearish
Sell below 270
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NAMBITHURAI started the topic SBI – Bullish – Buy above 275 in the forum Dow Theory – Old but a Golden Concept 8 years, 6 months ago
Long position can be created if the price go above 275.
Trade plan :
Entry point – Buy above 275
Target – 333
Stop loss – 257
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NAMBITHURAI and Vijayakumar are now friends 8 years, 6 months ago
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Alameen and NAMBITHURAI are now friends 8 years, 6 months ago
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NAMBITHURAI and vignesh are now friends 8 years, 6 months ago
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narinder and NAMBITHURAI are now friends 8 years, 6 months ago
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NAMBITHURAI replied to the topic Why the positional analytical methods are not followed in intraday analysis? in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
The main purpose of positional analysis is to derive supply and demand over a specific period and it is a time consuming process whereas intraday analysis is studying about market direction and price fluctuations for the trading day only.
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NAMBITHURAI and ragunathan are now friends 8 years, 6 months ago
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NAMBITHURAI replied to the topic What is intraday analysis? How it is different from positional analysis in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
Intraday analysis is meant for studying the market for a specific day by analyzing the market direction to do intraday trading. In intraday analysis, focus is given for analysing the market direction, selection of stocks that contribute for market trend and it is applicable for the trading day only. But in case of positional analysis the…[Read more]
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NAMBITHURAI 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 8 years, 6 months ago
As the settlement has to be done on the same day, intraday position needs to closed on the same day and it is mandate.
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NAMBITHURAI replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
Ideal time is 10 am to 11.30 am & 2 to 3 pm.
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NAMBITHURAI replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
Yes. Global market sentiments will have direct impact on Indian markets also. Because India is doing export/import to various countries in the world and any variation in global markets will affect the Indian economy and hence the market.
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NAMBITHURAI replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 6 months ago
1. Identify the market trend whether it is positive or negative
2. Check the sectors that contribute for market trend
3.Identify the top 5 stocks in the sector that contributes for market direction and analyze their volume.
4. Choose the stock from the above sector which is having high volume and price variations
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NAMBITHURAI replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 8 years, 6 months ago
Moving average is a technical indicator which works in trending zone only. It is the average of closing prices of a stock over a specific period that will smoother the trend . If the current price is above the average, then it is bullish trend and vice ver sa.
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NAMBITHURAI replied to the topic How do we use Fibonacci retracement to identify support and resistance zone? in the forum Technical Indicators to understand market trend 8 years, 6 months ago
In general 38% is for support level and 62% is resistance level.
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NAMBITHURAI replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years, 6 months ago
Fibonacci series is the sum of two consecutive numbers and divided by the number count. Key golden mean is 61.8
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