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Udayarka Pakala and PremKumar are now friends 7 years, 9 months ago
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Vinish Kumar and PremKumar are now friends 7 years, 9 months ago
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NARENTHIRAN and PremKumar are now friends 7 years, 9 months ago
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PremKumar and srinivash c g are now friends 8 years, 3 months ago
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arunraja and PremKumar are now friends 8 years, 4 months ago
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PremKumar started the topic ACC–DOUBLE BOTTOM-BULLISH ABOVE 1515-SL 1366-TARGET 1664 in the forum Double Bottom / Double Top 8 years, 5 months ago
SYMBOL:ACC LTD
PATTERN FORMED-DOUBLE BOTTOM
TREND-BULLISH
ENTRY AT 1515
STOP AT 1366
TARGET AT 1664
Formed an double bottom scenario, had an noticeable volume during breakout.
Duration between two bottoms are greater then 5 months.
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PremKumar and vignesh are now friends 8 years, 5 months ago
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PremKumar started the topic ULTRACEMCO-BULLISH-INVERTED HEAD AND SHOULDER-ENTRY 3052 TARGET 3511 SL 2601 in the forum Head and Shoulder 8 years, 5 months ago
SYMBOL-ULTRACEMCO
it formed a inverted head and shoulder pattern,having high volume at left shoulder and low volume at right shoulder
it also had an period of 1 month between each pattern(left shoulder,head and right shoulder)
Trade Plan:ULTRACEMCO-BULLISH-INVERTED HEAD AND SHOULDER-ENTRY 3052 TARGET 3511 SL 2601
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PremKumar and Vijayakumar are now friends 8 years, 5 months ago
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PremKumar and narinder are now friends 8 years, 5 months ago
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PremKumar started the topic ITC LTD-DOUBLE TOP-BEARISH in the forum Double Bottom / Double Top 8 years, 5 months ago
By analysing this chart the trend seems to be bearish:
so create
Short @ 350
Target @ 300
SL @ 400
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PremKumar started the topic MRF DOW THEORY-Spotting bullish and bearish in the forum Dow Theory – Old but a Golden Concept 8 years, 5 months ago
By using the below cahrt:
Bullish:
Entry @ 33102
SL @ 30000
TARGET @ 36000
BEARISH:
SELL @ 37800
SL @ 38600
TARGET @ 34100
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PremKumar replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
it uses top down approach
1.Finding the market direction:
- World market
- FII activity-recent investment
- Indian market direction
2.Finding Market breath:
- Based on Pricewise
- Based on turnover
3.Market meter-for selecting a sector in market
4.Stock selection
- Chose which is common in the same sector in price wise and turnover wise
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PremKumar 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, 5 months ago
Buying and selling of share in a day is called as intraday trading and doing analysis for the same is called as intraday analysis
Intraday analysis is done in the same day in-order to do intraday trading whereas in positional analysis the previous days price pattern are analysed and share is bought and sold after few days.
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PremKumar 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, 5 months ago
Positionla analysis is used for long term trading purpose whereas intraday analysis depends on global market and traders sentiment.
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PremKumar replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
Yes,global market have impact on intraday as they affect the sentiment of our market traders.
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PremKumar 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, 5 months ago
If it is an intraday then it is mandatory to close the trade in a day.
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PremKumar replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
There are no such time for ideal trading but
<div class=”bbp-reply-content”>10-11.30 am and 2-3 pm can be used for following Indian,asian markets sentiments and following European market sentiments respectively as they have impact on our market.
</div>
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PremKumar 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, 5 months ago
Technical indicators can be used to confirm trend after technical analysis but cannot be too much accurate.
It can only be used as an indicator, we cannot make decision based on technical indicator but it can be used with technical analysis.
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PremKumar replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years, 5 months ago
The logic of golden mean is to find the support and resistance zone in price movement of the stock.
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