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Prasanna replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 8 years, 4 months ago
yes variation in global market affects price movement in intra day as most sectors are listed globally.
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Prasanna 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, 4 months ago
Intra day analysis is trading within a single day (either sell and buy or buy and sell), it can be either long / short position.
positional analysis is holding a share for considerable time period ( always long position).
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Prasanna 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, 4 months ago
Any trading ( buy and sell/ sell and buy) done within a single day is called intraday. if a short position is taken it is mandatory to buy the stock within close of the market or else it will be bought in the auction market the next day with penalty. its not so when u buy a stock, it can be sold on the same day or next day or week or months…. b…[Read more]
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Prasanna replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 8 years, 4 months ago
The ideal time for intraday trading is between 10.00 to 11.30hrs and 14.00 to 15.00 hrs
10 – 11.30hrs – Analyse Asian market
14-15hrs – Analyse European market
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Prasanna replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 4 months ago
Intraday Analysis is done using the Top Down Approach
Market Direction: Global market sentiment, Recent performance of FII(Foreign Institutional Investor), Indian market NIFTY 50 needs to be considered whether positive or negative. Advance vs Decline ratio to be analysed using Market breadth chart – The price wise and the turnoverSector C…[Read more]
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Prasanna 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, 4 months ago
Positional analysis is a retrospective analysis of the market which gives the previous status of the share but for intra-day only the current status of the share market and its trend is important. So positional analysis in not followed in intraday
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Prasanna replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 8 years, 4 months ago
GAP Analysis indicated the strength of the trend.
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Prasanna 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, 4 months ago
It helps to identify the strength of the trend, and appears due to difference in the range.
The four types of gaps are:
Area gap: Gaps are ‘common’ and ‘uneventful’. If a Gap is formed when the markets are moving in a narrow range,
Breakaway gap: A “breakaway” gap ends a consolidation pattern and happens as prices break out.They would be ac…[Read more]
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Prasanna replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 8 years, 4 months ago
When there is a significant gap between two consecutive candles. i.e. When today’s open and is way above previous day’s top or if it is way below previous day’s low which results in a gap between the two candles. This gap helps us to get a clear picture about the strength of the trend.
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Prasanna 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, 4 months ago
Consolidation gap :- The gap which is formed in the trading range with low volume and it is expected to fill the gap with in the short time, So it is called as Consolidation or Area gap.
Breakout gap :- The gap which is formed by breaking the trading range with high volume and it is expected to the beginning of the new trend, So it is called as…[Read more]
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Prasanna 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, 4 months ago
Hammer is a pattern observed in candle stick analysis- it appears after a downward trend- body of the candle is small with minimal or no upper tail and lower tail double the length of upper tail. Most importantly volume should be high. Here long position can be considered.
Hanging man is a pattern observed in candle stick analysis- it appears…[Read more]
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Prasanna 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, 4 months ago
This is meant for weekly traders as the reversal pattern is powerful.
Volume is not an important factor.
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Prasanna 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, 4 months ago
Piercing Pattern – Appear rarely and indication of reversal trend. It is powerful for weekly traders
Conditions: The latest green body should cover the previous day’s low. Bullish body should cover at least 50% of previous body. Upper tails should be small. Volume may increase.
Buy when the price raise above the highest point of last two day…[Read more]
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Prasanna replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years, 4 months ago
Doji is neutral. Opening and closing should be equivalent. Good Doji appears rarely, but very powerful. Thin shaped, cross shaped or that looks like plus sign.
If appears after a significant rise / fall. Doji with high volume indicates trend reversal. Doji followed by a sideways movement may not be considered.
Long position is considered when…[Read more]
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Prasanna replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 4 months ago
Morning Star – Morning star appears after a dark night, but gives a bright day. When a doji is formed after a significant price fall. This indicates the bullish reversal. Volume is high during the doji days.
Evening Star – Appears after a bright day, gives dark night. Negative price movement is expected. This indicates a bearish trend reversal.
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Prasanna 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, 4 months ago
Engulfing Pattern – Reliable and appear frequently. Reversal pattern good for weekly traders
Condition to qualify – latest green body should cover the previous red body. Recent fall should be witnessed. increase in volume during last 2 days. The bullish engulfying should appear after a price fall.
Create long position. Buy when only when pri…[Read more]
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Prasanna 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, 4 months ago
Candlesticks analysis is a type of analysis that we use in stock trading. The graphical chart that we use for analysis contains figures that look like a candlestick and hence the name. A Candlestick chart helps us in understanding the day’s open, close, high and low. It also has a colour associated with it, which helps in finding out if it were a…[Read more]
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Prasanna 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, 4 months ago
<p style=”box-sizing: border-box; margin: 0.85em 0px 1em; direction: ltr; color: #777777; font-family: ‘Open Sans’; font-size: 13px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%;”>Hammer indicates strength and the trend is bullish and Hanging man is opposite.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px…[Read more] -
Prasanna 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, 4 months ago
<p style=”box-sizing: border-box; margin: 0.85em 0px 1em; direction: ltr; color: #777777; font-family: ‘Open Sans’; font-size: 13px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%;”>Double bottom shows that the demand is higher and its ideal for buyers. Its the buying zone.</p>
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Prasanna 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, 4 months ago
<span style=”color: #777777; font-family: ‘Open Sans’; font-size: 20px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%;”>Double Top signifies strong selling zone in tat area , double top shd be minimum 20 days . Longer the duration , stronger the trend . When it breaks the neck of the top it goes bearish </span>
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