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S Suresh wrote a new post, Page Industries Head and Shoulder 7 years ago
A likely head and shoulder pattern seen in Page Industries.
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S Suresh wrote a new post, Infy Bearish double top 7 years ago
Bearish double top of Infosys. Time for going towards sell side at 1010 and target at 940 with stop loss at 1050. Target achieved with 3 days.
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S Suresh wrote a new post, Page Industries Bullish double bottom 7 years ago
Bullish double bottom of Page Industries Limited. Buy price at 14200, stop loss at 13670, likely to cross target at 14900 by another 10 days.
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S Suresh wrote a new post, SBIN Bullish trend using Dow Theory 7 years ago
A Bullish trend was seen from middle of January of 2017 in State Bank of India stocks till date. If a buy order had been made in the third week of January at a price of 264 keeping a stop loss of 251, I think by
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S Suresh 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 ago
In Intraday analysis we depend on moving average, relative strength index etc and price and volume movement, market sentiment, global market etc of the same day with either minute by minute analysis or 5 minutes analysis. Whereas in positional analysis is based on the price pattern and volume on a daily basis for a week, month, or year based on…[Read more]
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S Suresh replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 7 years ago
First a look at the asian markets and global markets trend and then should go to the NSE site and see index and then in that to select best two performing sectors and in that should select a stock with good volumes and the intraday candle should be 45 degrees and such stocks should be selected in two sectors and to be traded either at 10 am or 2 pm.
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S Suresh replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 7 years ago
The Japanese market opens ahead of us and some other asian markets also, so if the trend if bullish then the when the Indian markets open it tends to be bullish etc. In the after the European markets open and a similar effect of the European market can be seen in the Indian markets also and since we are in different time zones there is some impact…[Read more]
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S Suresh 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 ago
In intraday the prices of the stocks vary minute by minute and market is volatile so decisions have to be quick and spontaneous; whereas in positional trades we can hold the stock and wait when the markets move to the expected price to sell or buy this can vary from a few days to a few weeks to a few months depending upon the analytical methods…[Read more]
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S Suresh replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 7 years ago
The ideal time for beginners to trade is between 10 am to 1130 am and 2 pm to 3 pm.
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S Suresh 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 ago
We can buy stocks for intraday in the morning and should sell it by the close of the day before 330 p.m., which is mandatory if our choice is intraday position. Since the brokers give leverage for buying intraday stocks whatever profit or loss we book should be done before 3.15 pm and after that it gets rounded off by the end of the day.
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S Suresh replied to the topic Using moving average, when to trade? in the forum Technical Indicators to understand market trend 7 years ago
Using moving average if the market is bullish and the price of the stock is also bullish say at around 10 am after 45 minutes of market open see if the MA is bullish trending then go for buy for e.g. if SBIN is 283 and check for volumes and trend, give a buy at 283 and sell at the risk one wishes to take, a small formula to have least risk buy…[Read more]
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S Suresh replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 7 years ago
Moving average a trend indicator where in the price pattern looks smooth on the graph and if the trend is bullish then it is above the moving average and if it is bearish then it will be below the moving average. Moving average is good and can be applied in trending zone or region, but when there is sideways pattern movement this where it fails to…[Read more]
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S Suresh replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 7 years ago
Relative strength index is an indicator which works well during nontrending areas and the upper limit is set as 70 and lower limit is 30, so when it crosses 70 it indicates over buy and goes up and comes back and touches 70 that is the indication to sell. When it touches 30 it indicates overselling and goes below 30 and gets support and some…[Read more]
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S Suresh replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 7 years ago
In Fibonacci series the ratio between two numbers is called a Golden mean or ratio, i.e. 23.6, 38.2, 61.8, 100. Dividing any two numbers we will probably get 61.8 and hence it is called golden mean.
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S Suresh 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 ago
Once we establish a high and low price pattern on the chart and low is 0% and 100% and in between areas are plotted as 23.6%, 38.2%, 50%, 62% and then the other points are traced as horizontal lines. When there is a trend and price is moving upwards then it breaks resistance and a support is formed and again it breaks a resistance and a support is…[Read more]
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S Suresh 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 ago
Using the price and volume when a chart is drafted and with mathematical calculations of moving average and relative strength index, this is called technical indicators and it is different from other analysis as it is based on the trending price and volume and not of the previous days or weeks.
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S Suresh replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 7 years ago
The difference between the previous day close and the next day open if the price is significant either way then a gap forms and based on the direction we can call is bullish or bearish and based on the location where it occurs in a trading range if can be classified into 4 different gaps and in candlestick patterns analysis when previous day…[Read more]
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S Suresh 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 ago
When gap is formed inside a trading range then this will be closed on the same or next trading days, so this has no significance and this is called as AREA GAP.
When a gap is formed outside a trading range and the trend is bullish with high volumes then this is called a breakout gap and this is time to buy and this is called a BREAKOUT GAP.
When…[Read more]
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S Suresh replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 7 years ago
With gap analysis we can see the trend and the market direction. If the gap analysis is within the trading range it called as area gap and this has no significance. If there is a bullish breakout gap then this indicates the buy signal. If there is a runaway gap all the more it is a positive sign and signal to go for a buy. When we come across an…[Read more]
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S Suresh 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 ago
Area gap/consolidation gap appears inside the trading area and here volumes are low to medium and the gap is closed either on the same day or next day of trading.
Breakout gap forms when prices jumps from the trading area and forms new highs than the previous day and here the volumes are to be high and this gap may not be filled and once such…[Read more]
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