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Rajkumar 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 7 years, 5 months ago
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 20px;”>Fibonacci retracement used to identify potential reversal and ideal levels are 61.8% and 38.2%</span>
In a bull trend, we could trace the potential support and in bear trend we could trace potential ressistance
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Rajkumar 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 7 years, 5 months ago
Technical indicators are the mathematical calculations shows price direction, however it works in combinations and it supplement analysis
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Rajkumar replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 7 years, 5 months ago
Relative strength index measure the speed and change in price movements. Buying zone is between 30 to 70.
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Rajkumar replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 7 years, 5 months ago
It is the average price of stock over a period of time.
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Rajkumar 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 7 years, 5 months ago
Consolidation is the phase where share price moves within a range and moving above or below the range is called as breakout
After Breakout if it further moves upward with a GAP and distributed volume and close at the day’s high is called runaway
Exhaustion GAP – It looks like a runaway GAP but get filled on the same day and volume will be high. O…[Read more] -
Rajkumar 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 7 years, 5 months ago
Consolidation is the phase where share price moves within a range and moving above or below the range is called as breakout
After Breakout if it further moves upward with a GAP and distributed volume and close at the day’s high is called runaway
<p class=”MsoNormal”>Exhaustion GAP – It looks like a runaway GAP but get filled on the same day and v…[Read more] -
Rajkumar replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 7 years, 5 months ago
It help us to understand the strength of Buyer and Seller
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Rajkumar replied to the topic How to name a GAP? What are Four Types of GAP? in the forum GAP Analysis and its interpretations 7 years, 5 months ago
GAP will be named based on the location in the chart
Area GAP – will appear in the trading area and will be filled later and has low volume
Breakout GAP – It appears when price breakout the trading range and will not be filled in near period and with higher volume
Runaway GAP – it appears post breakout GAP and may not be filled in near term and…[Read more]
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Rajkumar replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 7 years, 5 months ago
GAP is a variance between prior day close price and current day open price
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Rajkumar and vivekanand are now friends 7 years, 5 months ago
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Rajkumar 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 7 years, 5 months ago
Hammer – is a bullish candle and has tail two times of its body with no or small upper tail. It should have huge volume and indicates trend reversal and you could buy above hammer’s high price
Hanging Man – is a bearish candle and has upper tail two times of its body with no or small tail. It should have huge volume and indicates trend reversal…[Read more]
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Rajkumar replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
Morning Star – Doji followed by bearish candlestick and indicates bullish trend. Buy above high price of doji
Evening Star – Doji followed by bullish candlestick and indicates bearish trend. Short below low price of doji
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Rajkumar replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
Doji means neutral, open and close almost at same price
Doji should be considered only if it has huge volume and after a significant rally or fall, it indicates trend reversal
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Rajkumar 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 7 years, 5 months ago
Piercing Patterns – today’s body should cover above 50% of prior day
Conditions – evidence of rally, higher volume and small upper tail for Bullish piercing and small lower tail for bearish piercing
Buy next day when price crosses prior day bulling piercing high and sell when price moves below prior day bearish piercing low
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Rajkumar 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 7 years, 5 months ago
Engulfing pattern means a candlestick engulf prior day candlestick completely
Conditions – rally upward or downward, engulfing candlestick should be the reversal of the rally. For ex. Bullish engulfing on bearish rally and vice versa
Buy – at high price of bullish engulfing
Sell – at low price of bearish engulfing
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Rajkumar posted a new activity comment 7 years, 5 months ago
Sure
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Rajkumar replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
Within a week
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Rajkumar replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
Candlestick analysis is invented by Japanese and it provide more data points to understand price action
It has been evaluated from bar charts and it is widely used chart for short term analysis.
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Rajkumar 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 7 years, 5 months ago
Candlestick analysis is more useful to study short term price movements
Every candlestick patterns needs incresed volume to confirm movement
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Rajkumar 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 7 years, 5 months ago
Two equivalent tops
Minimum 20 days for formation
higher volume at second top and at breakout this indicates bearish trend
Go short at breakout point
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