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R . Vinay Kumar replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 7 years, 3 months ago
Top down approach.
1. Global market movement.
2.FII activity of previous day.
3. Indian Market moment.
4. Market breadth analysis – Both price and turnover.
5. Selection of sectorial index.
6. Selection of company based on % change and turnover for the day.
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R . Vinay Kumar 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, 3 months ago
Closing / squaring off the trade becomes mandatory if we take a short position.
If a long position is taken , not mandatory.
But Intraday positions are usually squared off within a day.
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R . Vinay Kumar replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 7 years, 3 months ago
It signifies that market will retrace a portion of it move .
Golden ratios are – 38% and 62% .
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R . Vinay Kumar 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, 3 months ago
Fibonacci retracement is a technical indicator , which tells the traders that if the market has resistance at a particular price then support shall be offered at the following levels : 24% , 38%,50%,62%,100%.
similarly , if support is given at a particular Price , then Resistance is give at the above percentages.
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R . Vinay Kumar replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 7 years, 3 months ago
RSI – Relative Strength Index. Technical indicator for side ways movement. Range 30-70
Buy Zone : RSI goes to a low but bounces and touches 30 . its a buy zone.
Sell Zone : RSI reaches top but when it touches 70 , it falls temporarily creating a position for short sell.
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R . Vinay Kumar replied to the topic What is Moving Average? in the forum Technical Indicators to understand market trend 7 years, 3 months ago
Moving average is the average of the past closing prices. It is used as a technical indicator.
It is widely used indicator for trending zones .
When prices go above MA – Bullish trend (buy) ; When it goes below MA – Bearish trend (short sell ).
But it not efficient for sideways movement.
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R . Vinay Kumar 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, 3 months ago
Algorithms pre determine and indicate the trend , such algorithms are called technical indicators.
they are ready made analysis , they indicate not decide
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R . Vinay Kumar replied to the topic What do we interpret using GAP ANALYSIS? in the forum GAP Analysis and its interpretations 7 years, 3 months ago
Strength of the trend is interpreted from Gap analysis.
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R . Vinay Kumar 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, 3 months ago
area gap – Volume is low. – (supply = demand ) – non trending
breakout – volume is high – (Demand > supply ) – trending
Runaway – volume is normal – (Demand > supply ) -trending
exhaustion – volume is high -(supply > Demand) .- trending (termination )
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R . Vinay Kumar 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, 3 months ago
Gap is named according to the phase in which the gap is located , based on trending or non trending.
Gap in a non trending range is called area gap. ( demand zone = supply zone)
Gap breaks the non trending range and begins a new trend is called breakout gap. (demand zone > supply zone)
Gap after the breakout gap is called runaway gap.…[Read more]
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R . Vinay Kumar replied to the topic What is called as GAP in technical analysis? in the forum GAP Analysis and its interpretations 7 years, 3 months ago
Gap is the difference in closing price of the previous day compared to the opening price of the current day.
It signifies the strength of the trend and helps identify the phase of the trend.
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R . Vinay Kumar 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, 3 months ago
It represents a significant trend reversal if the volume is high.
Trade duration : 3-4 days.
Hammer : Buy @ hammer high , stop loss – hammer low
Hangman : Sell @ hangman low , stop loss – hang man high.
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R . Vinay Kumar 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, 3 months ago
It represents a significant trend reversal if the volume is high.
Trade duration : 3-4 days.
Hammer : Buy @ hammer high , stop loss – hammer low
Hangman : Sell @ hangman low , stop loss – hang man high.<br style=”box-sizing: border-box;” />
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family:…[Read more] -
R . Vinay Kumar 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, 3 months ago
It represents a significant trend reversal if the volume is high.
Trade duration : 3-4 days.
Hammer : Buy @ hammer high , stop loss – hammer low
Hangman : Sell @ hangman low , stop loss – hang man high
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R . Vinay Kumar 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, 3 months ago
It represents a significant trend reversal if the volume is high.
Trade duration : 3-4 days.
Hammer : Buy @ hammer high , stop loss – hammer low
Hangman : Sell @ hangman low , stop loss – hang man high.
-<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>ammer/hanging man indicates a trend reversal. Sign of strength and…[Read more]
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R . Vinay Kumar 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 7 years, 3 months ago
Engulfing pattern is used for trend reversal .
Conditions :
– Recent fall / rise in trend.
– the candlestick must completely engulf the previous candlestick.
Buy : When prices go above the Engulfing candlestick . Stop loss : Engulfing low (long position )
Sell: When prices fall below the low of the Engulfing candlestick. Stop loss: En…[Read more]
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R . Vinay Kumar 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, 3 months ago
Piercing patterns are used to identify trend reversal.
Conditions :
– Recent fall/rise in price.
– The candlestick must cover the previous day low.
– The candlestick must cover 50% of previous candlestick.
-The upper tail must not be very high.
Buy : above previous 2 day high , stop loss : engulfing low (long position )
Sell : below pr…[Read more]
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R . Vinay Kumar replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 3 months ago
Doji / neutral candle stick.
Doji signifies trend reversal – from bearish to bullish or vice versa.
morning star – long position
evening star – short position.
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R . Vinay Kumar replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 7 years, 3 months ago
Candlestick analysis is used for short term trading. (duration = 1-2 weeks)
It is powerful tool to analyze trend reversal.
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R . Vinay Kumar replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 3 months ago
Doji – neutral candlestick – Morning star and evening star
Morning star -represents trend reversal from bearish to bullish (* see if there is high volume )
Buy : when the price crosses the high of morning star /doji
Stop loss : When the price goes below the low of the morning star.
Sell : 2 * risk taken .
Evening star :represents trend…[Read more]
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