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Nikhath wrote a new post, analysis using price patterns 6 years, 8 months ago
price patterns- bullish- double bottom, inverse head and shoulder, rounding bottom
bearish – double top , head and shoulder.
flag – same side breakout as the side of pole.
triangle – any side breakout possible. -
Nikhath wrote a new post, dow theory 6 years, 8 months ago
dow theory used to only identify the trend and not used for practical trading plan preparation.
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Nikhath wrote a new post, stock analysis from macro and micro perspective 6 years, 8 months ago
stock analysis with respect to micro and micro levels, the ways for price prediction, fundamentally and technically.
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Nikhath wrote a new post, derivatives market functionalities 6 years, 8 months ago
cash and futures market trading, its terminology , functionality, duration’s, types of derivatives.
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Nikhath wrote a new post, begining to learning stock market 6 years, 8 months ago
stock market basic terminologies familiarization.
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Nikhath started the topic kotakbank-head and shoulder- bearish below 689 in the forum Head and Shoulder 8 years, 6 months ago
trade plan: (short)
entry-689
stop loss-719
target-659
conditions fulfilled:
- the duration taken to form is around 3 months
- left shoulder witnessed high volume
- right shoulder has less volume
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Nikhath started the topic BPCL-bullish-double bottom in the forum Double Bottom / Double Top 8 years, 6 months ago
BPCL was found bullish on 28-11-2014..
trade plan : (long )
entry-705
stop loss-566
target-844 (expected to reach in may ’15 )
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Nikhath started the topic federal bank-bearish-double top in the forum Double Bottom / Double Top 8 years, 6 months ago
double top formed with major volume at the drop level of second top, huge volume noticed. the time duration between 2 tops is 2 months.
trade plan: (short position)
entry -67
stop loss-73
target / buy back-61
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Nikhath started the topic asain paints -bearish- 8th june-15 in the forum Dow Theory – Old but a Golden Concept 8 years, 6 months ago
trade plan: (short position)
entry-743
stop loss-776
buy back/ target -710
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Nikhath started the topic asian paints-bullish-12 nov 14 in the forum Dow Theory – Old but a Golden Concept 8 years, 6 months ago
trade plan:
asian paints- bullish- long- entry-662
stop loss-645
target-679
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Nikhath 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 direction
- world market
- FIIS
- indian market
- market breadth on the basis of price & turn over
2.sector contribution
- performance of sectors (shortlist the best or worst depending on the market sentiment)
3. stock selection
- price wise
- volume wise
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Nikhath 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
Global markets have an impact on the price movement, as the money is invested in Indian markets also by foreign institutional investors , so their sentiment shall effect the price.
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Nikhath 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
Technical analysis used for positional trading is extensive and time consuming , and the intent is to arrive at demand and supply , and the inputs required are the price and volume over a period of time. Intraday trading decisions have to be made spontaneously so there ain’t enough time to do formal analysis, so one has to flow with the market sentiment.
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Nikhath 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
The exchange makes the settlement on the same day after 3.30 pm, so its mandatory to close the intraday position on the same day.
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Nikhath 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
10-11.30 am (follow indian and asian markets sentiments)
2-3 pm (follow European market sentiments )
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Nikhath replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 8 years, 6 months ago
Relative strength index (RSI) is a technical indicator that is used during non trending period or side ways movements of the price.
when RSI > 70, it means being over bought ; when RSI < 30, means over sold.
If RSI crosses the 30 mark in an upward trend ,then buy..
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Nikhath replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 8 years, 6 months ago
Its an technical indicator that holds good during trending period, the input required is the closing average of 21 working days.
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Nikhath 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 8 years, 6 months ago
Technical indicators help in analysis using ready-made algorithms. These are not decision making tools, they merely support decision making.
Its different than other analysis as it doesn’t consider volume, demand and supply
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Nikhath 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, 6 months ago
area gap/consolidation gap- this gap appears inside the trading range, volume is low during this period, and the gap is expected to get filled in a very short span itself.
breakout gap- this appears when price breaks out from the trading range, accompanied by high volume, and this gap doesn’t get filled in near term.
run away gap- it occurs a…[Read more]
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Nikhath replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 8 years, 6 months ago
Gap analysis indicates the strength of the trend, and also tells the phase at which the trend is.
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