@navinn92
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Navin started the topic Ambujacem- Bullish-Buy(232)-SL(220)-Target(245) in the forum Double Bottom / Double Top 8 years, 7 months ago
Amubujacem having a double bottom with a duration of around 1 month with a considerable amount of volume at the first bottom, have faced a bullish scenario when it reached the price 232, The Stoploss for this would be 220, the risk taken for this is 12rs so the target is set to 245.
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Navin started the topic ACC – Bullish – Buy 1583 – SL 1618 in the forum Dow Theory – Old but a Golden Concept 8 years, 7 months ago
Stock name – ACC Faced a bullish pattern on Feb 12th, with huge volume in it making it a considerable time to buy the stock at the price 1583. it kept moving up, Target 1660. SL would be considered as 1618.
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Navin replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years, 7 months ago
Golden mean:
Golden mean is the ratio of two consecutive numbers, which is same for all other ratio in the series
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Navin replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 8 years, 7 months ago
GAP:
GAP is the space between the previous day’s closing and the next day’s opening.
It can be identified by using candlesticks chart.
It is used to determine the trend and the way in which market will be taken forward.
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Navin replied to the topic What are the characteristics of four phases (Consolidation, Breakout, Runaway and Exhaustion) of trend? in the forum GAP Analysis and its interpretations 8 years, 7 months ago
Area GAP:
This area GAP is basically found between the demand and supply zone with low volume.
The GAP will likely be filled really soon and therefore representing that it does not depend on the buyer and the seller.
Breakout GAP:
This GAP is found in the breakout area with humongous volume.
This volume indicates the strength of the B…[Read more]
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Navin replied to the topic What are the characteristics of four phases (Consolidation, Breakout, Runaway and Exhaustion) of trend? in the forum GAP Analysis and its interpretations 8 years, 7 months ago
Area GAP:
This area GAP is basically found between the demand and supply zone with low volume.
The GAP will likely be filled really soon and therefore representing that it does not depend on the buyer and the seller.
Breakout GAP:
This GAP is found in the breakout area with humongous volume.
This volume indicates the strength of the B…[Read more]
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Navin replied to the topic How to name a GAP? What are Four Types of GAP? in the forum GAP Analysis and its interpretations 8 years, 7 months ago
GAP:
We name a GAP from the chart by locating the yesterdays closing rate and today’s opening of the market.
The four types of GAP are as follows,
Area GAP,
Breakout GAP,
Runaway GAP and
Exhaustion GAP.
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Navin replied to the topic What is Engulfing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Engulfing:
It is a simple and powerful analytical method, reliable and appears frequently.
It is easy to recognize.
Bullish Engulfing:
Happens after a price fall.
The latest green body should cover the previous red body.
Buying:
If the price goes above the highest of past two days high
Selling:
Sell if the price goes below the lowest of…[Read more]
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Navin replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
DOJI:
DOJI is nothing but a Japanese word “Neutral”
It is a powerful method.
Appears after a significant price fall/rise with huge volume.
Use long position when you see a significant price fall followed by a DOJI (Morning star)
Create Short position when you see a significant price rise and followed by DOJI(Evening star)
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Navin replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Forecasting:
It can be used for weekly forecasting for the traders to buy and sell an particular stock.
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Navin replied to the topic Who should use candle stick analysis? What is the role of volume in candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Traders use of candlesticks:
Weekly traders can use this pattern to buy and sell stocks.
Volume:
Significant volume can be seen during this.
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Navin replied to the topic What are HAMMER / hanging man? Why it is very popular when to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Hammer :
It is the sign of strength and is a bullish variant.
Appears only after a significant price fall.
lower tail should be at least 2 times the body size with no upper tail
Buying: long position, Buy when the price opens above the previous days high.
Sell : when the price goes below the lowest of the hammer day.
Hanging man:
Sign of…[Read more]
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Navin replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
DOJI:
It is very powerful
Morning star: appears after a dark night and gives you a bright day
Appearance of a DOJI after a significant price fall
Evening star: appears after a bright day gives you a dark night
Volume should be high during DOJI during DOJI indicates that there is a price reveresal
Buying:
Position long, Buy If the next day…[Read more]
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Navin replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Candlestick analysis:
It is one of the Japanese representation to understand the demand and supply in the market.
It is used to study the market in a short term, and can be used by the traders for weekly buying and selling.
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Navin replied to the topic What is piercing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Piercing pattern:
It is a type of candlesticks pattern.
This is followed by engulfing pattern.
It appears very rarely and once it appears the chances of reversing the trend is very high.
Conditions:
The latest green body should cover the previous days low.
The bull body should at least cover the 50% of the previous day’s candle.
The upper…[Read more]
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Navin replied to the topic What is FLAG pattern? What are the conditions to qualify as perfect FLAG? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Flag Pattern:
It is an technical charting pattern that represents a flag like structure with steep pole.
Condition:
Formation of steep pole
Trending in sideways and staying in one place forming a shape.
Forms in a short period of time and breaks out with high volume
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Navin replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Price pattern:
These are patterns which determine the various behavior of the markets movement.
There are various patterns:
Flag
Triangle
Cup
head and shoulder/ Inverted
Double top/Double bottom
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Navin replied to the topic What is Double BOTTOM? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Double Bottom:
The line chart indicating two equivalent bottoms with the duration of 1.5 months, preferably with high volume.
Condition:
Two Equivalent bottoms caused by high volume and with a month duration and the second bottom can experience an bullish behavior
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Navin replied to the topic What is triangle pattern? What are the conditions to qualify as perfect triangle? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Perfect triangle Triangle:
When we have an 5 consecutive tops and bottoms with the duration of 1.5 months, construction an triangle pattern.
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Navin replied to the topic What is Double TOP? What are their conditions to determine the bearish trend? in the forum Price Patterns and its characteristics 8 years, 7 months ago
Double Top:
When we find out two equivalent tops with the duration of 1 month with the relatively high volume.
Condition for bearish trend:
after the trend has been noticed with relative volume and the trend descends below the neck line bearish behavior pattern is identified.
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