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Neelesh Anbazhagan replied to the topic AXIS BANK, BULLISH, ENTRY 370, SL 350 in the forum Engulfing Candlesticks Patterns 7 years, 10 months ago
Good find alagu mam
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Neelesh Anbazhagan replied to the topic ACC – Bullish above 1427, stop loss: 1389, target: 1467 in the forum Engulfing Candlesticks Patterns 7 years, 10 months ago
Good one Dinesh
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Neelesh Anbazhagan started the topic Exide Industries Bullish at 166 SL 160 Target 176 Triangle in the forum Triangle Pattern 7 years, 10 months ago
Symbol – EXIDEIND
Position – Long
Entry – 166
Stop loss – 160
Target – 175
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Neelesh Anbazhagan started the topic TVS Bullish at 290 Target 335 Stoploss 260 CUP Pattern in the forum CUP pattern 7 years, 10 months ago
Symbol – TVSMOTOR
Position – Long
Entry – 290
Stoploss – 260
Target – 335
Here in thi chart I have mention both entry and stop loss level at 260. please don’t mistake about it, the entry level is at 290. As the cup formation took nearly 9 months, we can expect the target to be high. But to quote the target price I have made 335 as target.
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Neelesh Anbazhagan started the topic TATA CHEMICALS Bullish @370 SL 340 TGT 420 Reverse Head & Shoulder in the forum Head and Shoulder 7 years, 10 months ago
Symbol – TATACHEM
Position – Long (Bullish)
Entry level – 370
Target – 420
Stop loss – 340
Its Reverse Head and Shoulder pattern which is accumulation pattern. And in this chart you can see huge volume at left shoulder and in the head part. The duration is 90 days and it is expected to be reverse pattern which will be bullish (long position).
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Neelesh Anbazhagan started the topic HDFC Bullish above 1260 SL 1160 Target 1360 Double Bottom in the forum Double Bottom / Double Top 7 years, 10 months ago
Symbol – HDFC
Position – LONG
Entry – 1160
Target – 1360
Stop loss – 1260
I have mentioned the 2nd highest volume as high volume, because when comparing the time frame of both bottoms except one day this seems to be the reasonable high volume and it comes near the neck line.
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Neelesh Anbazhagan replied to the topic HINDALCO – DOW THEORY (BULLISH & BEARISH) in the forum Dow Theory – Old but a Golden Concept 7 years, 10 months ago
Thanks EQSIS, will put the topic as you said in future.
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Neelesh Anbazhagan started the topic HINDALCO – DOW THEORY (BULLISH & BEARISH) in the forum Dow Theory – Old but a Golden Concept 7 years, 10 months ago
SYMBOL – HINDALCO
POSITION – LONG (Bullish)
ENTRY LEVEL – Around 150 (You can see the high volume)
STOP LOSS – 138
TARGET – 170
SYMBOL – HINDALCO
POSITION – SHORTÂ (Bearish)
ENTRY LEVEL – 158
STOP LOSS – 164
TARGET – 148
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Neelesh Anbazhagan and dinesh kumar.R are now friends 7 years, 10 months ago
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Neelesh Anbazhagan replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 7 years, 10 months ago
1000 – 1100 IST
1400 – 1500 IST
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Neelesh Anbazhagan replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 7 years, 10 months ago
1000 – 1100 IST
200 – 300 IST
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Neelesh Anbazhagan replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 7 years, 10 months ago
Yes, the global markets do impact the intraday price movements.
The variations in global market will create a positive or negative mind set between the indian traders.
This will create a environment to buy or sell in the indian market.
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Neelesh Anbazhagan replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 7 years, 10 months ago
1. Identify market direction (+ve or -ve)based on the following
a. global market sentiment
b. FII activity
c. Indian market performance
d. Market breadth – Advance/ decline ratio
e. Market breadth – turnover basis2. Sector contribution
Depending on market direction select 2 performing or non performing sectors3. Stock selection
Based on sec…[Read more] -
Neelesh Anbazhagan 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, 10 months ago
Yes it is Mandatory to close the Intraday Position on the same day.
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Neelesh Anbazhagan 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, 10 months ago
Positional analytical methods are used for identifying the demand and supply for stocks for long term, but for intraday analysis the market sentiments and global markets impacts are widely considered. So the positional analysis may not work for intraday analysis.
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Neelesh Anbazhagan 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, 10 months ago
In intraday analysis after analysing  the intraday  parameters ( market direction, FII activity, market breadth ) stocks are selected to trade.
But in positional analysis first stock selection is made and then it is analysed using technical analysis to trade it or not.
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Neelesh Anbazhagan 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 7 years, 10 months ago
FIRST OF ALL draw the horizontal lines regarding the SUPPORT level and RESISTANCE level of the stock by noting SUPPORT as 0% and RESISTANCE as 100%
NOW draw horizontal lines with respect to FIBONACCI RATIO s 23.6% ,38.2%, 61.8%
IN THE BULL TREND
IF THE PRICE MOVES UPWARD AND CROSSES ABOVE 23.6% then it is the SUPPORT and the next RESISTANCE is at…[Read more] -
Neelesh Anbazhagan replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 7 years, 10 months ago
The Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
The key Fibonacci ratio of 61.8% – also referred to as “the golden ratio” or “the golden mean” – is found by dividing one number in the series by the number that follows it.
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Neelesh Anbazhagan replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 7 years, 10 months ago
Relative Strength Index(RSI) is the technical indicator used in the analysis of financial markets.It helps to identify Overbought and Oversold region.
Volume is not included while calculating.
This works in Range bound or non trending
>70% overbought — getting overvalued,then pullback — SELL
<30% oversold —— getting undervalued then -BUY -
Neelesh Anbazhagan 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, 10 months ago
Technical indicators, collectively called “technical”, are distinguished by the fact that they do not analyze any part of the fundamental business, like earnings, revenues and profit margin.
Technical indicators is used most extensively by active traders in the market, as they are designed primarily for analyzing short term price movement
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