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ROOBINI.N replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 8 years, 7 months ago
Relative strength indicator is a technical indicator used in financial markets
RSI>70 indicates strength and RSI<30 indicates weakness
When the price element curve is above 30% it is called buying zone
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ROOBINI.N replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 8 years, 7 months ago
Gap in technical analysis means the space between yesterdays closing price and todays opening price..it is visible in candle stick charts
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ROOBINI.N 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, 7 months ago
A gap is a space between yesterday ‘ s opening price and todays opening price
4 types of gaps
Consolidation gap
Break out gap
Runway gap
Exhausion gap
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ROOBINI.N replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 8 years, 7 months ago
Gap analysis indicates strength and weakness of trend in the market.
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ROOBINI.N 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, 7 months ago
Consolidation- it is also known as area gap.gap formed inside trading range.
Break out-gap formed in upper trend and shows break out with gap withnessed by volume
Run away-it is the post break out gap.here the buyer has to buy with high volume
Exhausion-gap appeared in a day and close within a day or next day.it is sign of early termination of…[Read more]
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ROOBINI.N 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, 7 months ago
Piercing pattern trend teversal…it sppers rarely.but it is a powerful star.
Body should cover previous low by atleast 50%upper tail should be small in size and more volume will be seen.
When the price is high than the last two days previous price, buy
When the price is low than the last two days previous price,sell
<p style=”text-align:…[Read more] -
ROOBINI.N replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Morning star indicates positive movement of price.it is bullish trend.it apperas after a significant price fall.the volume increses during DOJI day.and signals reveal it is reversal which means buying is happening
Evening star indicates the negative movement of price.it is bearish trend.
It appeats after a significant rise.volume must be high on…[Read more]
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ROOBINI.N 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, 7 months ago
Only short term traders should use candle stick analysis.
volune indicates trend reversal. -
ROOBINI.N replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
It is usually based on weekly basis
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ROOBINI.N replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
DOJI is the neutral sign of price movements due to reversal trend.DOJI appears after a significant rise or fall due to trend reversal.volume should be very high on a DOJI day.DOJI after a bright day is a negative trend.DOJI after a dark night is a positive trend
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ROOBINI.N 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, 7 months ago
Engulfing is the type of candlestick analysis
The latest day body must cover the orevious days body,then it is called engulfing
The green body must cover the red body for the bullish market trend.
Its not neccessary tar volume must be high
If the price goes above the previous days price,buy the stock.if it goes below the previous day price ,…[Read more]
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ROOBINI.N 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, 7 months ago
Candle stick analysis is used by the short term traders mainly within a week.it is simple with easy graphical representations than line chart and bar chart.the green colour indicates bullish trend and red colour represenys bearish trend.the body represents opening and closing price of the day.the upper tail indicates higest price of the day and…[Read more]
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ROOBINI.N replied to the topic How to determine the market trend using Dow Theory? in the forum Dow Theory in Practice 8 years, 7 months ago
Market trend is identified with tops and bottoms.
The market trend is bullish when the sequence is higher bottom and higher tops with higher volume of buying
The market trend is bearish when is sequence is lower bottom and lower top with high volume of selling.
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ROOBINI.N replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 8 years, 7 months ago
<p style=”text-align: left;”>Dow theory is the oldest theory which helps us to identify demand and supply in the market.it tells the conditions for bullish and bearish market trend.it is the base for other price patterns.it guides us when it is right time to buy the stocks.but it is useful only for long term trading..mimimum of 2 years charts are…[Read more]
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ROOBINI.N replied to the topic What type of Charts Used, Minimum look up period, Duration of Trend forecasting for Dow Theory? in the forum Dow Theory in Practice 8 years, 7 months ago
- Line chart are generally used
- Minimum look up period is 2 years
<li style=”text-align: left;”>Duration of trend forescasting is 2 to 3 months .
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ROOBINI.N replied to the topic When to buy and Sell using Dow Theory? in the forum Dow Theory in Practice 8 years, 7 months ago
When the sequence higher top higher bottom with higher volume ,its bullish trend , we buy the stock
When the sequence is lower top lower bottom its bearish trend ,we sell the stock.
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ROOBINI.N replied to the topic What are the major critics against Dow Theory? How come it remains on top of any analysis? in the forum Dow Theory in Practice 8 years, 7 months ago
Dow theory is not suitable for short term trading.the price patterns and their nature cannot be identified
Dow theory is the oldest theory.but even now people follow this theory.this theory is the base of other price patterns.it helps us to identify demand zone and supply zone.it has proven duccess ratio of 56%.
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ROOBINI.N replied to the topic What are Support and Resistance? in the forum Dow Theory in Practice 8 years, 7 months ago
Support is the price level below which the sellers are not ready to sell the stocks.As a result price May not go down below this level as supply is not there
Resistance is the price level above which buyers are not ready to buy the stocks.as a result price MAY not go above this level as demand is not there. -
ROOBINI.N replied to the topic What are Support and Resistance? in the forum Dow Theory in Practice 8 years, 7 months ago
<p style=”text-align: left;”>Support is the price level below which the sellers are not ready to sell the stocks.As a result price will not go down below this level as supply is not there</p>
<p style=”text-align: left;”>Resistance is the price level above which buyers are not ready to buy the stocks.as a result price wil not go above this level…[Read more] -
Pradeep and ROOBINI.N are now friends 8 years, 7 months ago
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