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Soundharya Gnana replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 7 years, 11 months ago
– Check for the market direction in
– World markets
– FII activity
– Indian Market Nifty
– Market breadth – Advance Decline Ratio
– Market breadth – Turnover basis
– Check for index contribution and identify the best performer.
– Shortlist stocks from the best performing sector based on price and turnover
– Based on the above factors,…[Read more]
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Soundharya Gnana replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 7 years, 11 months ago
Yes, they do, especially the European markets andd FII(Foreign Institutional Investors) activity. Depending on how some stocks performed in other markets, those sentiments may impact the pricing in our market too.
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Soundharya Gnana replied to the topic Why the positional analytical methods are not followed in intraday analysis? in the forum Intraday Analysis for Day Traders 7 years, 11 months ago
Positional analysis helps us to understand market trend and price behaviour on a long term basis and not for the current day.
Whereas, intraday analysis helps us understand the current trend on a given day based on various factors and takes lesser time for analysis.
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Soundharya Gnana replied to the topic What is intraday analysis? How it is different from positional analysis in the forum Intraday Analysis for Day Traders 7 years, 11 months ago
Intraday trading involves buying and selling of the stocks within the same day and it is mandatory to close positions before the market closes.
It differs from positional analysis in the duration for which the stock is held. Stocks are held for longer duration in positional trading. Also, not much technical analysis is required in intraday…[Read more]
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Soundharya Gnana 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 7 years, 11 months ago
Yes, it is mandatory.Otherwise, penalty will be issued. Intraday trading involves buying and selling of the stocks within the same day
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Soundharya Gnana replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 7 years, 11 months ago
Buying time:10- 11 am
Selling time: 2 -3 pm
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Soundharya Gnana 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, 11 months ago
Technical indicators are supporting tools for technical analysis and not technical analysis by itself. It helps us to confirm our predictions on trend based on technical analysis performed and works for trending as well as non trending zones.
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Soundharya Gnana replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 7 years, 11 months ago
RSI stands for Relative Strength Index and is a technical indicator for non trending zone measured on a scale between 0 to 100.
When RSI > 70, it indicates strength and when it goes below 70, it indicates overbought and selling is recommended.
When RSI<30, it indicates weakness and when it goes above 30, it indicates oversold, and buying is…[Read more]
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Soundharya Gnana replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 7 years, 11 months ago
Moving average is a technical indicator for trending period. It helps to determine bullish and bearish trend based on the average price of 21 days.
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HARI and Soundharya Gnana are now friends 7 years, 11 months ago
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Soundharya Gnana 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, 11 months ago
Area gap
– appears inside non trending area
– if it doesn’t fill within short time it may lead to negative Breakout
Breakout gap
– appears when price moves out of range and during new trend formation
– volume should be high on Breakout day
– bullish trend expected until the gap is filled
Runaway
– appears after breakout and in trending…[Read more]
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Soundharya Gnana replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 7 years, 11 months ago
Gap analysis indicates strength of the trend and helps us to locate the current phase of the trend. -
Soundharya Gnana 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, 11 months ago
Gap is named based on the time and location of its formation in the chart.
<span style=”line-height: 1.5;”>Types :</span>
– Area gap
– Breakout gap
– Runaway gap
– Exhaustion gap
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Soundharya Gnana replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 7 years, 11 months ago
A significant difference in the trading range between two consecutive days is called as gap in technical analysis.
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Naveen and Soundharya Gnana are now friends 7 years, 11 months ago
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Soundharya Gnana 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, 12 months ago
Hammer:
– Reliable & rare , but powerful (so popular) pattern that indicates trend reversal
– Should appear after a significant price fall
– Appears with an almost invisible upper tail and with the lower tail atleast 2 times the the hammer body.
– Hammer should be green and volume should be high on hammer day
– Buy: When price goes above the…[Read more]
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Soundharya Gnana 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, 12 months ago
Piercing pattern is a very rare pattern that is said to occur when the latest candlestick body covers the previous day’s low and the previous candlestick’s body by minimum 50%. The upper tail should be small with an increase in volume on the piercing day.
Buy: When price goes above the highest of the last 2 days (Long)
Sell: When price goes…[Read more]
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Soundharya Gnana replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 12 months ago
Morning star:
– When doji appears after a significant price fall.
– Volume is high on the doji day.
– Buy: When price goes above the doji day high.(Long position preferred)
Evening star:
– When doji appears after a significant price fall.
– Volume is high on the doji day.
– Sell: When price goes below the doji day low. (Short position preferred)
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Soundharya Gnana replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 12 months ago
Doji is a neutral pattern that appears as a star. It should be considered when it appears after a significant price fall accompanied by high volume on the doji day.
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Soundharya Gnana replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 12 months ago
Duration: 1 week
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