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Shivputra R Tangadi 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, 2 months ago
Its trend reversal pattern.
Condition: Body should cover the previous days low
Todays body should cover 50% of previous days body
Upper tail should not be very big
Buy: When the prize goes above the previous two days highest prize
Sell: Buy+ risk taken
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Shivputra R Tangadi 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, 2 months ago
Hammer: Start of bullish trend.
It appears after significant prize fall, with high volume on hammer day. Lowest tell should be two times the body of hammer. Upper tip should be small and if possible invisible.Body must be green if its qualifying as hammer.
Buy: When the prize goes above the hammer upper tip.
Sell: Buying prize+ 1.5 to 2 times…[Read more]
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Shivputra R Tangadi replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
Morning Star: After continuous fall in prize if doji papers with good volume then its termed as morning star.
Buy: When prize moves above the doji day highest prize.
Sell: Buying prize + 1.5 to 2 times the risk taken
Evening Star: After continuous rise in prize if doji appears with good volume then its termed as evening star. Prize supposed to…[Read more]
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Shivputra R Tangadi replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
DOJI stands for neutral day where selling and buying happened with equal strength. Day of DOJI will have a high volume trended.
Morning Star: After continuous fall in prize if doji appears then its morning star and long position should be held.
Evening Star: After continuous rise in prize if dozi appears then its evening star and short position…[Read more]
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Shivputra R Tangadi 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, 2 months ago
Candle stick is trend reversal tool used by weekly investors.
It monitors the day opening, closing and a day trend. Its powerful when it have a day data for analysing.
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Shivputra R Tangadi replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 2 months ago
Candlestick is used for weekly forecasting.
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Shivputra R Tangadi 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, 2 months ago
Weekly traders are preferable to use candlestick.
Volume might rise on engulfing day, but its not necessary requirement to happen.
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Shivputra R Tangadi 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, 2 months ago
Engulfing is trend reversal candlestick pattern. Used by weekly traders.
Bullish Engulfing: When a green body covers the previous day red body completely then its bullish engulfing. Volume may be low or max and it wont play major role in engulfing candlestick.
Buy: When the prize crosses the bullish day or previous day max (whichever is…[Read more]
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Shivputra R Tangadi 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, 2 months ago
Triangle pattern comes in picture when the buyer and sellers are aggressive for 45 days. Its diminishing prize pattern where a good break out is expected at 60-70 % of the triangle.
Condition: Duration is of 45 days
Break out happens at 70% of triangle.
Low volume involved in triangle zone. Short or long positions can be created depending upon…[Read more]
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Shivputra R Tangadi replied to the topic What is FLAG pattern? What are the conditions to qualify as perfect FLAG? in the forum Price Patterns and its characteristics 7 years, 2 months ago
Flag pattern is one of the prize charts where buyers and sellers stay aggressive for 4 to 7 days.
In this 4 to 7 days their wont be rise and fall in prize, instead the prize will move in rectangular pattern for these days.
Conditions: Steeper pole at 70 to 80 degree
No movement for 4 to 7 days. Low volume contribution in 4 to 7 days. At the end…[Read more]
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Shivputra R Tangadi 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
Buy: Create a long position when stock crosses breakout point in case of double bottom, cup and flag pattern
Sell: Create short position when stock crosses breakout point in case of double top, head and shoulder
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Shivputra R Tangadi replied to the topic What is rounding bottom / Cup pattern? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 3 months ago
When gradual accumulation is in process that time cup pattern takes place.
Condition: Takes a long duration to form the cup pattern
Volume will be low throughout the cup pattern.
Market correlation will be low as the stock prize remains unaffected with market trend.
When cup pattern starts filling up that time its sign of bullish trend and a…[Read more]
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Shivputra R Tangadi 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
Prize pattern studies the market characteristics and studies the prize and volume moment of the stocks. Where as dow theory considers demand and supply as its input for market determination. Dow theory requires a look out period of 2 years whereas price pattern requires a min of 2 months as look out period and it varies from patterns to patter.…[Read more]
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Shivputra R Tangadi replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Prize pattern helps to study the market and its good technical analysis tool for near future trends. It uses a line charts and studies the various pattern created by the stock. It considers market stock prize and volume moment.
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Shivputra R Tangadi 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
When somebody want to buy the stocks aggressively then their are chances of inverted head and shoulder.
Condition: Duration should be three months for accumulative head and shoulders.
Volume should be high on left shoulder and it should be less on right shoulder. Create a long position after right hand neck as prizes suppose to go up.
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Shivputra R Tangadi 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
When a prize pattern shows a head and two shoulders with 3 months duration between each other then its termed as head and shoulder pattern.
Condition: Head should be tallest among the three. Left shoulder must have a high volume. Right shoulder should have a low volume. Duration is 3 month between them. Create a short position after neck as prize…[Read more]
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Shivputra R Tangadi replied to the topic What is Double BOTTOM? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 3 months ago
Two equivalent bottom with duration of 1 month between the two bottom position creates a double bottom situation. Volume should be high at second bottom or second bottom neck. Create a long position at second bottom neck position.
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Shivputra R Tangadi 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
When two equivalent top appears with a gap of 1 month between the two tops then it is called as double top.
Condition: Two equivalent tops with gap of 1 month between them. Volume should be high at second top or second top neck. Create a short position as prizes will fall after the second top neck
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Shivputra R Tangadi 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 7 years, 3 months ago
Major fall back of dow theory is that it can be implemented on long term where look out period is 2 years or near by that. Second is it wont speak about daily prize patterns which helps in intraday and short term investment. Hence dow cant be implemented for short time and intraday trading.
The reason to be a famous and most trusted is due to its…[Read more]
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Shivputra R Tangadi replied to the topic What are Support and Resistance? in the forum Dow Theory in Practice 7 years, 3 months ago
Support: Here price wont fall below this level as buyers are more here to buy the stocks. (Demand is more) Buyers are aggressive
Resistance: Here price wont go above this level as sellers are more here to sell the stocks (Supply is more) Sellers are aggressive
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