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S SUNDAR RAJAN wrote a new post, BPCL – Bearish trend 7 years, 3 months ago
Head and Shoulders formation during July 2015High volume at Left ShoulderLow Volume at Right ShoulderHead and shoulders formation in a month.
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S SUNDAR RAJAN wrote a new post, Aban Offshore – Bullish break out – Long Buy 7 years, 3 months ago
Aban offshore – Triangle pattern formation – Bullish trendDeclining volume during triangle formation phaseHigh volume during price break out stage.
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S SUNDAR RAJAN wrote a new post, KEI INDUSTRIES – BULLISH TREND 7 years, 3 months ago
Bullish engulfing pattern – Prior downtrend was seen, Bullish body covered the previous day bearish body.Big bullish body signifies more bullish trend.Higher volume on 2nd day.
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S SUNDAR RAJAN wrote a new post, ITC – Long position – Bullish trend 7 years, 3 months ago
ITC stock witnessed flag formation with steeper pole signaling break out.Entry price : 225.40Volume were steady at this time.
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S SUNDAR RAJAN wrote a new post, BajajAuto – Double Bottom – Bullish view 7 years, 3 months ago
On 22nd Feb 2016, Bajaj Auto stock has seen a Double Bottom signalling an uptrend.Return = 9.79%High Buying volume confirms the trend.
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S SUNDAR RAJAN wrote a new post, Cipla – Double Top – Bearish 7 years, 3 months ago
On 10th Aug 2015, Cipla stock witnessed Double Top formation signaling downtrend.High volume around entry level support the view.Short position can be considered.Attractive return of 16% in 4 months time.
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S SUNDAR RAJAN wrote a new post, Infosys – Bearish – Short position 7 years, 3 months ago
On 1st Feb 2016, Infosys stock has seen Double Top formation signaling a downtrend.Short position can be considered at a price of 1047.50 with a expected return of 12.40%High volume indicates selling pressure for the stock.
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S SUNDAR RAJAN started the topic HDFC Bank – Bullish – Long Buy – Return 10% in the forum Dow Theory – Old but a Golden Concept 7 years, 3 months ago
Reason for the views :
HT, HB formation
High volume
Entry price : 1317
Target price : 1451
SL : 1183
Return : 10%
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S SUNDAR RAJAN started the topic Hindalco – Bullish trend in the forum Dow Theory – Old but a Golden Concept 7 years, 3 months ago
Reason for the views : Continuation of Higher Top and Higher Low price sequence
Price movement is well supported by high volume.
Entry price : 182.20
Target price : 210
SL : 154.20
Return % : 15.37
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S SUNDAR RAJAN started the topic Axis Bank – bullish when crosses 488.70 in the forum Dow Theory – Old but a Golden Concept 7 years, 3 months ago
Reason for the views : Start of High Top sequence.
High Top / High Low formation.
Marked by High volume at High top.
Position : Long – buy
Entry price : Above 488.70
Target price : 546.30
Stop Loss : 431.10
Return % : 11.80
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S SUNDAR RAJAN replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 7 years, 4 months ago
Ideal time to get involved in intraday trade would be Morning : Between 1000 hrs and 1130 hrs
Afternoon: Between 1400 hrs and 1530 hrs
Reason: 1) Market sentiments will settle down
2) will reflect the status of Europe market.
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S SUNDAR RAJAN 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, 4 months ago
Stocks are not actually transferred to trader’s demat account and therefore, it has to be squared off on the same day.
It is mandatory for short selling. Otherwise, penalty will be levied.
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S SUNDAR RAJAN 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, 4 months ago
Due to lack of time to study and react. Only the market sentiments play a vital role in intraday trade.
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S SUNDAR RAJAN replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 7 years, 4 months ago
Market sentiment influence the price movement for the day. Therefore, the momentum stock for the day has to be identified quickly by following the steps below:
1) Market direction:
– Look at the Active Global markets today
– Indian markets since the day open
– compare Global and Indian market to get some idea about market direction
2) FI…[Read more]
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S SUNDAR RAJAN replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 7 years, 4 months ago
Yes, Global markets do have impact on intraday price movement. Global markets decide the extent of FIIs participation for the day in Indian market.
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S SUNDAR RAJAN 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, 4 months ago
Trading on equity within a day is called Intraday trading. We need to be quick in identifying stocks for participating in intraday trade. Mostly market sentiment drives the intra day trade and hence, there is not much time available to analyze the stock in detail. Candlestick patterns can be used to some extent.
Positional analysis : Pos…[Read more]
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S SUNDAR RAJAN replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 7 years, 4 months ago
Golden ratio – 61.8%
Ratio between the successive numbers in Fibonacci series is 61.8%
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S SUNDAR RAJAN replied to the topic How do we use Fibonacci retracement to identify support and resistance zone? in the forum Technical Indicators to understand market trend 7 years, 4 months ago
Fibonacci Retracement :
1) Locate High and Low price in the chart
2) Draw Horizontal lines for Fibonacci ratios i.e., 0, 23.6, 38.2, 50, 61.8, 76.4, 100
3) Support : Downward price movement which falls within these lines form a support level
Resistance : Upward price movement which falls within these lines form a resistance level.
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S SUNDAR RAJAN replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 7 years, 4 months ago
Moving Average is a trend following indicator based on past closing prices that helps smooth out price action by filtering out the noise from random price fluctuations. Two types: Simple Moving Average (SMA) and Exponential Moving Average (EMA)
200 day MA is widely followed by investors and traders with breaks above and below this MA considered…[Read more]
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S SUNDAR RAJAN replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 7 years, 4 months ago
Relative Strength Index (RSI) is a momentum indicator that measures the speed and change of price movements. It oscillates between values 0 and 100. Traditionally, RSI > 70 = Over bought, RSI < 30 = Oversold
Buy call :
1) Oversold zone
2) If a share price oscillates between 40 and 80, say, and rarely falls below 40, buy signal @ RSI = 40.
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