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Ranjani Arumugam replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 6 years, 11 months ago
<p style=”text-align: center;”>There is a ratio which can be used to describe the propotions of every body in the universe. Nature relies on this for balance.</p>
<p style=”text-align: center;”>This is also made use in technical analysis.</p> -
Ranjani Arumugam replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 6 years, 11 months ago
- Moving averages is an indicator which simplifys price data and ‘smoothens’ the noise, so that a single smooth line is created.
It responds quickest to the price change with the 21 day period.
<p style=”text-align: left;”>If the price goes above the Moving avaerage it is a bullish trend if it goes below it is bearish.</p>
<p…[Read more] -
Ranjani Arumugam 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
Check global market, European markets ( fore noon session)- neutral to negative.
FIA activity – recent performance- negative.
Indian market – neutral to positive
Nifty 50- neutral to positive
Advance decline ratio pricewise positive
Turnover basis- positiveIdentify the section which id very positive.
Choose top 2 performing sectors
Then…[Read more]
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Ranjani Arumugam 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
Ideal time 10 to 1130 am
2 to 230 pm
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Ranjani Arumugam 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 prices are based on market sentiments so you should use charts and indicators which help you make a decision based on that.
Whereas positional analysis is based on the previous day’s, week’s, months’s or even year’s price and volume data.
As both have different criteria we cannot use the same methods to trade.
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Ranjani Arumugam 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
You have to choose right in the beginig of your trade, if you are opting for intraday trading or positional trading. If you have chosen intraday, your position will be ‘squared’ off at the end of the day.
But t is not mandatory, you can convert your intraday holdings to a positional trade, by, if you opt for it later during your trade.
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Ranjani Arumugam 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 do impact as do the conectivity of today’s world any news or event world over of significance will affect the intraday stock prices
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Ranjani Arumugam 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 – choose a stock in a day and close the trade in the same day.
Positional trading- choose a stock and hold on to it for minimum a day, months or years till you close the trade.
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Ranjani Arumugam 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 ready made analysis which uses algorithms to help understand the price movement. Whereas price patterns uses price and volume to do the analysis with the help of charts. Indicators are to used to support and confirm your decision made with the help of price patterns but you should not make a decision only based on the i…[Read more]
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Ranjani Arumugam 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 of a trend – the prices move side ways, and which does not have any significance. The volume is also unaltered.
Breakout- when prices jump above the consolidation phase, it appears to be the beginning of a new trend, and the trending volume is high.
Runaway – when prices continue to trade above the breakout phase, this is call…[Read more]
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Ranjani Arumugam 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
A gap appears in the trading range; if the price opens at a certain figure and it jumps to a higher price the next day, the difference in the price gets depicted graphically as a gap, and the analysis of such Gaps is called Gap Analysis in technical analysis.
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Ranjani Arumugam replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 6 years, 11 months ago
1. Tells you about the strength of the trade. if there is aggressive buying or lack lustre buying.
2.Gap analysis helps to locate the correct phase of the strength; if you are in in the early stage or you are in a trend which has just broken out, or in a trend which is terminating.
A gap appears because of the difference in the trading range.
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Ranjani Arumugam replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 6 years, 11 months ago
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Doji means neutral in Japanese.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>It is used if the opening price and the closing…[Read more] -
Ranjani Arumugam replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 6 years, 11 months ago
American terminology for bullish Doji- morning star. Which means after a dark night a morning star appears which signify s good tidings.
Evening star – Bearish Doji.
Entry- Next day if price goes up above the Doji high
Stop loss- the point at the lower most point of the Doji low.
Sell- Difference between entry and stop loss into (x) 1.5 or 2 times
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Ranjani Arumugam 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, 11 months ago
Hammer
1. Powerful
2. If after a significant price fall, expect a price reversal
3.lasts for 3 to 4 days or less than a week, so for weekly traders
4.Has a green colour body with a tail 2 times that of the body
5. Small upper tail
6.Volume high on Hammer day
7. Long position – buy next day (Entry) if price goes higher than the highest point…[Read more]
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Ranjani Arumugam 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 6 years, 11 months ago
Reversal pattern
Green candle should cover 50% of the previous day red candle.
The green candle tail should be short.
Volume should be high.
If the price goes above the price which is higher of the previous 2 candles ,then take entry or take long position.
<p style=”text-align: right;”>The stop loss will be the price at the lower end of the…[Read more] -
Ranjani Arumugam 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 6 years, 11 months ago
Reversal pattern.
Green body should completely engulf previous day red body.
Volume may be high, but not mandatory.
If seen after a bearish trend, then take long position, or entry just above the price of the top of the engulfing green candle.
Take stop loss just below the end of the engulfing green candle.
Target will be the same as the…[Read more]
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Ranjani Arumugam replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 6 years, 11 months ago
Forecasting – 4 to 7 days.
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Ranjani Arumugam 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 6 years, 11 months ago
Weekly traders use candlesticks pattern
Not recommended for intraday trading , as markets do not close on the same day.
Volume not as important as in price patterns.
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Ranjani Arumugam replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 6 years, 11 months ago
Oldest forms of technical analysis.
Powerful, simple and easily identifiable, as the candles are seen green for bullish and red for bearish colours.
Good for weekly traders as the high and low price, and the opening and closing price is clearly seen on the candles.
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