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Murugan Thanikachalam and Vinish Kumar are now friends 7 years, 8 months ago
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srinivash c g and Murugan Thanikachalam are now friends 7 years, 9 months ago
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Naveen and Murugan Thanikachalam are now friends 7 years, 9 months ago
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Murugan Thanikachalam replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 8 years, 6 months ago
The significant void between the previous days closing and the next days opening is termed as Gap.
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Murugan Thanikachalam replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 8 years, 6 months ago
Gaps indicate the strength and weakness of the trend.
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Murugan Thanikachalam replied to the topic How to name a GAP? What are Four Types of GAP? in the forum GAP Analysis and its interpretations 8 years, 6 months ago
A Gap is a major, visible disconitnuity between two price bars on a chart. The void between previous day closing price and next dat opening price.
4 major Gaps are Area Gap, Breakaway Gap, Runaway Gap and Exhaution Gap.
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Murugan Thanikachalam 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 8 years, 6 months ago
Area Gap:
Appears inside the trading range.
Gap may be filled in near term.
Volume is generally low during the gap day.
Breakout Gap:
Appear only when price breaks out from current trading range, ie, occurs at the beginning of the trend.
Gap may not be filled in near term.
Volume should be high.
Considered the most profitable.
Runaway…[Read more]
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Ganesh and Murugan Thanikachalam are now friends 8 years, 7 months ago
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Balaji and Murugan Thanikachalam are now friends 8 years, 7 months ago
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Murugan Thanikachalam 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 8 years, 7 months ago
Short tern traders find candle stick useful.
Generally volume indicates reversal of current trend.
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Murugan Thanikachalam replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Duration is 1 to 5 days.
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Murugan Thanikachalam 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 8 years, 7 months ago
Piercing line pattern is a reversal pattern involving 2 days.
the body should cover the previous day Low and cover atleast 50 % of the previous day body. Upper tail should not be very big.
If price > last 2 days – Buy and if price < last 2 days – Sell.
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Murugan Thanikachalam replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Doji after price fall with high volume is bullish trend and called Morning Star – Buy.
Doji after price rally with high volume is bearish trend and called Evening Star – Sell.
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Murugan Thanikachalam replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Doji is a neutral indicator, when the open and close are at the same level.
Doji appearance after significant rally/fall means temporary pause.
Generally Doji with high volume indicates trend reversal but followed by sideways movement can be ignored.
Morning star Doji – Buy and Evening star Doji – Sell.
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Murugan Thanikachalam 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 8 years, 7 months ago
Following a recent down trend where the lower tail is minimum 2 times the size of the body and upper tail invisible or very small together with high volume
during the day and green in color is Hammer.
Following a recent up trend where the upper tail is minimum 2 times the size of the body and lower tail invisible or very small together with high…[Read more]
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Murugan Thanikachalam 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 8 years, 7 months ago
Recent down trend, and latest bullish body covering the previous days bear body with slight increase in volume during last 2 days is Bullish ENGULFING.
Recent uptrend and latest bearish body covering the previous days bull body with slight increase in volume during last 2 days is Bearish ENGULFING.
Buy when price above previous days top and…[Read more]
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Murugan Thanikachalam replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 8 years, 7 months ago
Candle Stick analysis developed by the Japanese 150 years ago for rice trading and became popular in the 90’s.
This representation in easy to visualize as the days Open, Close, High and Low with Bearish or Bullish trend is denoted by the box and coloring.
It is useful for 1 to 5 days of market study.
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Murugan Thanikachalam 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 8 years, 7 months ago
Double Top is a bearish trend.
Has two equivalent tops, where the volume is high at point B or C, with duration of 20 days between Points A and B.
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Murugan Thanikachalam 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 8 years, 7 months ago
Double bottom is a bullish trend.
Has 2 equivalent bottoms,with volume high at points B or C and duration between 2 bottoms should be 20 days.
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Murugan Thanikachalam 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 8 years, 7 months ago
Head and shoulder is a distribution pattern
significant rally prior to formation, head should be higher, generally, volume on left shoulder high.
takes 3 months to form,right shoulder should be lowest.
Sell position indicator.
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