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Sumesh Gopalakrishnan changed their profile picture 6 years, 2 months ago
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Sumesh Gopalakrishnan and Vinish Kumar are now friends 6 years, 2 months ago
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Sumesh Gopalakrishnan wrote a new post, Nifty formed a bearish engulfing 6 years, 2 months ago
Nifty formed a bearish engulfing on 14th February. There was a slight price uptrend from 5th February. On 14th February, the bearish candle completely engulfed the previous day’s green candle which indicates a
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Sumesh Gopalakrishnan wrote a new post, Triangle Bearish Breakout – Asian paints 6 years, 2 months ago
Asian paints formed a triangle pattern. The triangle formed between 18-Sep-2017 to 28-Nov-2017. The volume is less during the triangle formation indicating consolidation and it broke out on the bearish side. We
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Sumesh Gopalakrishnan commented on the post, Bearish Flag – Reliance capital 6 years, 2 months ago
That is right. But I am not sure if that duration is a strict criteria. I have read an article about flag and pennant which states the duration of flag or pennant formation can be 1 to 12 weeks. What I found in
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Sumesh Gopalakrishnan wrote a new post, Bearish Flag – Reliance capital 6 years, 2 months ago
Reliance capital formed the bearish flag pole formed between 19th September 2017 and 26th September 2017. The price fell from Rs.850 to Rs.600 within that week forming a steep bearish pole. There on, the price
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Sumesh Gopalakrishnan wrote a new post, Bullish Flag – Ashok Leyland 6 years, 2 months ago
For Ashok Leyland, the flag pole formed around 30th May 2017. The price raised from Rs.82 to Rs.95 within 2 days forming a steep pole. There on, the price oscillated between Rs.95 (resistance level) and Rs.91
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Sumesh Gopalakrishnan commented on the post, Reliance industries formed a cup and handle 6 years, 2 months ago
Thanks Mr.Vignesh
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Sumesh Gopalakrishnan commented on the post, Head and shoulder – CIPLA 6 years, 2 months ago
Thanks Mr.Vignesh
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Sumesh Gopalakrishnan wrote a new post, Reliance industries formed a cup and handle 6 years, 2 months ago
For the cup and handle pattern to form, it takes a longer duration. Reliance industries formed the cup from 2010 to 2015 and a handle during the initial few months of 2015.After forming the handle, if the price
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Sumesh Gopalakrishnan wrote a new post, Head and shoulder – CIPLA 6 years, 3 months ago
Head and shoulder is an accumulation pattern. The duration between the two shoulders should be 2 to 3 months. I have taken the price chart of CIPLAThe left shoulder formed between 30/08/16 to 12/09/16, the head
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Sumesh Gopalakrishnan commented on the post, Double top analysis – Axis bank 6 years, 3 months ago
Thank you
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Sumesh Gopalakrishnan wrote a new post, Double top analysis – Axis bank 6 years, 4 months ago
Today, I am identifying bearish trend using double top. I have taken the price chart of Axis Bank Ltd from 9th July 2015 to 30th June 2016. In a double top, the duration between two tops should at least be one
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Sumesh Gopalakrishnan commented on the post, Double Bottom Analysis – Bullish trend – Asian Paints 6 years, 4 months ago
Yup, that makes sense
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Sumesh Gopalakrishnan wrote a new post, Double Bottom Analysis – Bullish trend – Asian Paints 6 years, 4 months ago
As the continuation of my practical analysis, today, I am identifying bullish trend using double bottom. I have taken the price chart of Asian Paints July 2015 to December 2016.In a double bottom, the duration
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Sumesh Gopalakrishnan commented on the post, Dow Theory – How to identify Bearish Trend 6 years, 4 months ago
Many thanks for these kind words Mr.Vignesh.
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Sumesh Gopalakrishnan wrote a new post, Dow Theory – How to identify Bearish Trend 6 years, 4 months ago
The purpose of this analysis is to find a bearish trend using Dow Theory and decide the entry price, stop loss price and target price. We need at least two years of data to analyze Dow theory.The Line chart of
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Sumesh Gopalakrishnan and narinder are now friends 6 years, 4 months ago
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Sumesh Gopalakrishnan commented on the post, DOW theory – Bearish 6 years, 4 months ago
This looks good to me. Satisfies all the conditions. A movement from lower top to lower bottom with high volume signifies the bearish trend. The entry price is marked when it breached previous support level and
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Sumesh Gopalakrishnan wrote a new post, Tata Motors – Dow Theory Analysis 6 years, 4 months ago
The purpose of this analysis is to find a bullish trend using Dow Theory and decide the entry price, stop loss price and target price. We need at least two years of data to analyze Dow theory.The Line chart of
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