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Praveen M commented on the post, BAJAJ AUTO – BULLISH – DOUBLE BOTTOM 6 years, 11 months ago
Thanks for pointing out. Will correct it for the next one.
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Praveen M wrote a new post, BAJAJ AUTO – BULLISH – DOUBLE BOTTOM 6 years, 11 months ago
From the chart, it is seen that the price movement cannot go beyond a strong demand zone even after a time gap of more than 1 month. This implies the strong Resistance faced by the Sellers. Therefore, a Bullish
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Praveen M wrote a new post, BRITANNIA-BULLISH-DOW THEORY 6 years, 11 months ago
From the chart, it is seen that there is a transition from Higher Bottom(HB) to Higher Top (HT) along with good volume. This implies that the Buyers are getting powerful. Hence, a Bullish trend is expected and
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Praveen M replied to the topic Why the positional analytical methods are not followed in intraday analysis? in the forum Intraday Analysis for Day Traders 6 years, 11 months ago
Intraday trading is based on the price fluctuations due to that particular day’s global market trend, FII activity, market sentiment etc…
Whereas positional trading requires analysis of previous price movements of a stock ranging from a few days to weeks or even months. Hence, it is not recommended to apply positional analysis methods in…[Read more]
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Praveen M 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 6 years, 11 months ago
It is not mandatory. However, for intraday trading we do analysis based on the particular day’s global market trend, FII activity, market sentiment etc… So if the trade is not closed by the EOD, the price may fluctuate next day and we may end up losing money.
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Praveen M replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 6 years, 11 months ago
Morning session – before 11.30 am(at which Asian markets open)
Evening session – after 2.00 pm (at which European markets open)
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Praveen M replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 6 years, 11 months ago
We usually follow the top down approach for intraday analysis. On that day, it is required to know about:
- Global market trend
- FII activity
- Indian market indices’ nature
After this, select 2 of the best performing sectors. Select top 2 companies from each sector. Select the company with the best trading volume.
Create Long or Short…[Read more]
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Praveen M replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 6 years, 11 months ago
Yes. Global markets operate in different time zones and a bullish or bearish trend in any market will affect the intraday price movements in India.
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Praveen M replied to the topic What is intraday analysis? How it is different from positional analysis in the forum Intraday Analysis for Day Traders 6 years, 11 months ago
Intra day analysis is following the intraday price movement of a stock using real time charts in order to benefit from the price fluctuations within a trading day. It depends on the global market trend, market sentiments, etc…
Positional analysis on the other hand is analysing the past performance of a stock to determine its current trend. It…[Read more]
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Praveen M replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 6 years, 11 months ago
Relative Strength Indicator is a momentum indicator. It is used to chart the current and historic strength or weakness of a stock based on the closing prices of a recent trading period. Usually, it uses a 21-day timeline. RSI oscillates between 0 and 100 with high and low marked at 70 and 30 respectively.
RSI is used to identify the Oversold and…[Read more]
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Praveen M replied to the topic Using moving average, when to trade? in the forum Technical Indicators to understand market trend 6 years, 11 months ago
Moving average is a technical indicator, that is used to determine the direction of a trend. It is a mathematical calculation obtained by averaging a number of previous price points. It works well in Trending areas.
A new curve is plotted using this mathematical calculation. If the actual price point goes above the MA, then it indicates a Bullish…[Read more]
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Praveen M replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 6 years, 11 months ago
Moving average is a technical indicator, that is used to determine the direction of a trend. It is a mathematical calculation obtained by averaging a number of previous price points. It works well in Trending areas.
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Praveen M 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 6 years, 11 months ago
Technical indicators are mathematical calculations based on previous data.
It uses mathematical calculation of previous data to plot another curve(in Moving average) or show an area(RSI), whereas in other methods the trader has to analyse based on previous data.
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Praveen M 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 6 years, 11 months ago
Consolidation – This phase is usually called the Non-Trending area in between supply and demand zone. It is also the phase which has sideways movement of price. Here, both the buyers and sellers are powerful and hence it is not possible to determine the direction of the trend.
Breakout – It is the phase where the price crosses the non-trending…[Read more]
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Praveen M replied to the topic How to name a GAP? What are Four Types of GAP? in the forum GAP Analysis and its interpretations 6 years, 11 months ago
GAPs are named based on the phase of a trend on which it appears.
- Area GAP – It appears in the non-trending area(between demand and supply zone). It is expected to get filled and has no effect.
- Breakout GAP – It appears during the breakout with high volume. It indicates the begining of a new trend.
- Runaway GAP- It appears during a rally…
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Praveen M replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 6 years, 11 months ago
GAP analysis is a method in Technical analysis that is used to determine the strength of a trend. It appears due to the difference in the trading range. It is also used to determine the phase of a trend based on the position of a GAP.
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Praveen M replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 6 years, 11 months ago
GAP can be viewed only in candlesticks. If an empty space is seen between two candlesticks, then it is called GAP.
GAP analysis is a method in Technical analysis that is used to determine the strength of a trend. It appears because of the difference in the trading range. It is also used to determine the phase of a trend based on the position of the GAP.
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Praveen M 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 6 years, 12 months ago
Hammer is a sign of strength and it indicates a bullish trend.
- It appears after a significant price fall.
- The lower tail should be at least twice the size of the body.
- No or insignificant upper tail.
- High volume is expected.
- The body should be positive(green).
Entry price : the point at which the price crosses the Hammer high.
Stop…[Read more]
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Praveen M replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 6 years, 12 months ago
Morning star : If a DOJI appears after a significant price fall, then it is called a morning star. It indicates the Bullish trend(Long position).
- Entry price : the point at which the price crosses the DOJI day high.
- Stop loss : DOJI day low.
- Exit price : Difference between Entry price and Stop loss is risk taken. Exit price = Entry pr…
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Praveen M replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 6 years, 12 months ago
DOJI means Neutral. When a thin, star like body appears in a candlestick chart, it is called DOJI. It actually indicates that a stock opens and closes at almost the same price on a particular day. It appears rarely but it is very powerful. DOJI with high volume is an indication of Trend Reversal. We can make use of DOJI by creating either Long or…[Read more]
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