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Padmavathi Sukumar replied to the topic in the forum Padmavathi Sukumar 8 years, 6 months ago
Intraday analysis is done with the market momentum and price movement of the current day. It is short term trading and trading happens within the day. The analysis is aligned more towards market sentiment. It is advisable to do intraday trading after a certain level of experience is gained in trading
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Padmavathi Sukumar 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
If trading was begin with intraday in mind, analysis would have been done in the same mindset so it is better to close all intraday position on the same day. Though closing long position is not mandatory closing short position on the same day is highly mandatory
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Padmavathi Sukumar 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 markets do impact the intraday price movement. Asian, UK, US and European markets do operate in different time zones and since trading has been globalized all these markets affect Indian market. Especially since Asian and UK markets open before Indian market their sentiments do affect the Indian market sentiment
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Padmavathi Sukumar 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
The ideal time to trade intraday is between 10 to 11:30AM in the morning and 2 to 3PM in the noon
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Padmavathi Sukumar 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
Process to identify momentum stock in intraday: study world market and other markets as much as possible (as quickly as possible), identify the appropriate stock sector by studying the top ranks and price movement. Identify a couple of stocks within the sector and trade accordingly
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Padmavathi Sukumar 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 one that is done to understand the market trend for trading within the same day. The major factors that contribute to this are the market sentiment and momentum of the current day, whereas positional analysis is done with demand and supply study for a certain period of time
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Padmavathi Sukumar 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
Positional analytical methods use complete study of demand and supply. Hence intraday analysis follows market trend rather than positional analytical methods as it takes more time
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Padmavathi Sukumar 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
Golden mean is arrived by dividing a number from the fibonacci series by the previous number from the series. The mean value is always the same.
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Padmavathi Sukumar 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
Fibonacci retracement can be used along with other technical indicators to identify support and resistance zone. It is horizontal lines drawn with 32% and 68% for support and resistance
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Padmavathi Sukumar 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
RSI is Relative Strength Index, a technical indicator used to understand price movement in non trending zone. The RSI is marked for a period with 70 and 30 mark zones. If price goes below 30 mark it is time to buy
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Padmavathi Sukumar 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 that can be used during trending zone period. It is the average of closing prices for a certain period
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Padmavathi Sukumar 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 are algorithms defined to explain price movements. It is different from other analysis as these are algorithms based on past and moving market prices and is useful for regular traders
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Padmavathi Sukumar 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
Consolidation: is the area gap. This is formed during non trending where there is a gap formed between the previous closing price and current opening price. Volume is comparatively low. If area gap is not filled then breakout is possible
Breakout: is formed when the opening price is extremely higher than closing price and price keeps going up…[Read more]
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Padmavathi Sukumar 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
A gap can be named based on trending or non trending pattern formed that can be studied using candlestick charts.
There are 4 types of gaps: Area gap, Breakout gap, Runaway gap and Exhaustion gap
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Padmavathi Sukumar replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 8 years, 7 months ago
Using GAP analysis a trader can interpret the trading trend in the market, that is whether price can go up or down
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Padmavathi Sukumar 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
The blank space (price range where trading never happened) that is created between the current days opening price and previous days closing price is called as GAP in technical analysis
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Padmavathi Sukumar replied to the topic in the forum Padmavathi Sukumar 8 years, 7 months ago
Candle stick analysis is a technical analysis that short term traders (weekly traders) can use. It is very simple but powerful analysis.
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Padmavathi Sukumar 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
Candle stick analysis is useful for weekly traders (short term traders). Volume does not play a major role in candlestick analysis
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Padmavathi Sukumar 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
General forecasting duration using candlestick analysis is from 3 days to 1 week.
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Padmavathi Sukumar 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 is one type of candlestick pattern. Conditions to qualify: body should be green in color, the body should cover previous day low, upper tail should be small. Volume should be less. When price goes above last 2 days price time to buy and if it goes below last 2 days price time to sell
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