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Shashank Vemuri replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 3 months ago
Morning Star – Bullish DOJI
Buy – when the price goes above the DOJI’s high
Sell – Target price (usually 1:2 w.r.t risk) or stop loss ie, DOJI’s low
Evening Star – Bearish DOJI
Sell – When the price goes below the DOJI’s low
Buy – Target price (usually 1:2 w.r.t risk) or stop loss ie, DOJI’s high
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Shashank Vemuri 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, 3 months ago
Weekly traders (1-2 weeks) should use candlestick analysis.
In case of Engulfing and Piercing the volume is not very significant.
But in case of DOJI, Hammer and Hanging Man high volume signifies trend reversal.
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Shashank Vemuri replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 3 months ago
Usually 7-10 days.
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Shashank Vemuri replied to the topic What Should be Entry,Exit &Stop loss prices for triangle pattern – long position in the forum Stock market questions and answers 7 years, 3 months ago
Entry – once the price crosses the highest top of the triangle
Exit – once the price reaches the target price (1:1 w.r.t stop loss)
Stop Loss – once the price goes below the lowest bottom of the triangle
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Shashank Vemuri replied to the topic Which chart types are suitable for understanding Price patterns namely CUP, Flag in the forum Stock market questions and answers 7 years, 3 months ago
Usually candlestick charts are preferred for any pattern but due to convenience to the eye we use
CUP Pattern – Line charts (as the duration is usually 1-2 years)
Flag Pattern – Flag pattern (as the duration is usually 4-7 days)
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Shashank Vemuri replied to the topic What Should be Entry,Exit &Stop loss prices for triangle pattern – Shor position in the forum Stock market questions and answers 7 years, 3 months ago
Entry Price: after the 70% zone when the price goes below the lowest bottom of the triangle
Exit Price: once the price reaches target price (1:1 w.r.t stop loss)
Stop Loss: once the price goes above the highest top of the triangle
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Shashank Vemuri replied to the topic What Should be Entry price, Exit Price and Stop loss for Inverted Head&shoulders in the forum Stock market questions and answers 7 years, 3 months ago
Entry Price: once the price breaks the neckline after the right shoulder
Exit Price: once the price reaches the target price (1:1 w.r.t stop loss)
Stop Loss: once the price goes above the right shoulder
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Shashank Vemuri replied to the topic What Should be Entry price, Exit Price and Stop loss for Double Bottom in the forum Stock market questions and answers 7 years, 3 months ago
Entry Price: Once the price crosses the top between the two bottoms
Exit Price: Once the target price is achieved (1:1 w.r.t stop loss)
Stop Loss: Once the price goes below the second bottom
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Shashank Vemuri replied to the topic What Should be Entry price, Exit Price and Stop loss for Double top in the forum Stock market questions and answers 7 years, 3 months ago
Entry Price – Once the price crosses the neckline after the second top
Exit Price – Once the price reaches the target price( 1:1 w.r.t stop loss)
Stop Loss – When the price goes beyond the second top
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Shashank Vemuri replied to the topic What Should be Entry price, Exit Price and Stop loss for Cup Pattern in the forum Stock market questions and answers 7 years, 3 months ago
Entry Point – Once the price crosses the neckline with high volume
Exit Price – once the price reaches the target price (1:1 with stop loss)
Stop Loss – Once the price crosses the the lowest bottom of the cup
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Shashank Vemuri replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Dow Theory is explains the demand and supply but fails to explain the characteristics of the buyer and sellers.
Price patterns explains these characteristics to enable investors to make better decisions.
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Shashank Vemuri replied to the topic What Should be Entry price, Exit Price and Stop loss for Head & Shoulders in the forum Price Patterns and its characteristics 7 years, 3 months ago
Entry Price – when the price crosses the neckline after the right shoulder
Exit Price – when the price reaches the target price
Stop Loss – when the price crosses the top of right shoulder
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Shashank Vemuri replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Price patterns are a recognisable configuration of price movement that are identified using charts plotted with price over duration w.r.t volume.
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Shashank Vemuri replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Once a pattern is formed with all the necessary conditions, based on the the trend one should buy or sell.
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Shashank Vemuri replied to the topic What is Head and Shoulder? What are their conditions to determine the bearish trend? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Head and Shoulder pattern is a chart formation in technical analysis that predicts bullish-t0-bearish trend reversal.
Conditions:
– Significant rally prior or the head and shoulder structure indicating the trend reversal
– The head should be the highest among the recent price action
– The volume should be high during the left shoulder
– The…[Read more]
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Shashank Vemuri 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, 3 months ago
Double top is a price formation at the end of bull market. It appears as two consecutives peaks of approximately the same price with a minimum of 20 days.
Conditions:
– Two equivalent tops
– The volume should be high at second top or at the breakout point
– The duration between the two tops should be a minimum of 20 days
When the price…[Read more]
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Shashank Vemuri replied to the topic What is inverted Head and Shoulder? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Inverted Head and Shoulder is a chart pattern used in technical analysis predict the reversal of a current downtrend.
Conditions:
– The bottom should be the lowest among the recent price action
– The volume during Left Shoulder should be the highest
– The duration should be a minimum of three months for the complete pattern
– The right…[Read more]
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Shashank Vemuri replied to the topic What is triangle pattern? What are the conditions to qualify as perfect triangle? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Triangle pattern is a 5 wave corrective pattern formed when the buyers and sellers are equally strong.
Conditions:
The 5 wave pattern should for an triangle.
The triangle should be a minimum of 1.5 months
The breakout should happens around the 70% zone.
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Shashank Vemuri replied to the topic What is Dow Theory? in the forum Dow Theory in Practice 7 years, 3 months ago
Dow theory is a form of technical analysis that helps one to understand the market trend by studying the demand and supply.
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Shashank Vemuri replied to the topic How to determine the market trend using Dow Theory? in the forum Dow Theory in Practice 7 years, 3 months ago
Bullish trend – If the trend follows higher bottom and higher top with good volume
Bearish trend – If the trend follows lower top and lower bottom with good volume
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