-
Yugenderan Meganathan started the topic AMBUJACEM-Head & Shoulder- Bearish in the forum Head and Shoulder 8 years, 5 months ago
Found a head and shoulder with significant volume on l.s and low volume on r.s. with satisfying time period between each pattern.
Trade Plan:
Symbol: AMBUJACEM
Direction: Short
Entry: Below 246
Target- Below 205
S.L- Above 287
-
Yugenderan Meganathan started the topic Head & Shoulder- ACC- Bearish in the forum Head and Shoulder 8 years, 5 months ago
Found a head and shoulder pattern and breaking out to be bearish. Volume is significant on left shoulder and low on right shoulder. Time duration for each pattern here is approx. 1 month or more.
Trade Plan:
Symbol: ACC
Direction: Short
Entry: Below 1493
Target: below 1333
SL: above 1653
-
Yugenderan Meganathan posted a new activity comment 8 years, 5 months ago
Sure Sir 🙂
-
Yugenderan Meganathan replied to the topic Tata Steel-Dow Theory- Bearish in the forum Dow Theory – Old but a Golden Concept 8 years, 5 months ago
Thank you for encouraging me Mr.Valarmurugan and Mr.Vijayakumar.
-
Yugenderan Meganathan started the topic Tata Steel-Dow Theory- Bearish in the forum Dow Theory – Old but a Golden Concept 8 years, 5 months ago
Found Lower tops and Lower bottoms for wide time period.
Trade plan:
Symbol-TATASTEEL
Direction-short
Entry- Below 376
SL- above 418
Target- Below 334
-
Yugenderan Meganathan started the topic TCS-Double Top-Bearish in the forum Double Bottom / Double Top 8 years, 5 months ago
Equivalent Double tops is found out from 18 Aug 2015 to 05 Oct 2015.
Symbol-TCS
Direction-Short
Entry- Below 2480
Target- below 2214
SL- above 2746
-
Yugenderan Meganathan started the topic TCS-Double Top-Bearish in the forum Double Bottom / Double Top 8 years, 5 months ago
Equivalent Double tops is found out from 18 Aug 2015 to 05 Oct 2015.
Symbol-TCS
Direction-Short
Entry- Below 2480
Target- below 2214
SL- above 2746
-
Yugenderan Meganathan started the topic Hero Motocorp- Bullish- 22.11.2015 in the forum Dow Theory – Old but a Golden Concept 8 years, 5 months ago
Found a higher top and higher bottom scenario between March 2014 and December 2014, and it is found to be bullish.
Symbol- Heromotoco
Direction-Long
Entry- Above 2715
SL- Below 2405
Current scenario- Lower tops and lower bottoms are found and it may be form a bearish pattern.
-
Yugenderan Meganathan started the topic Bank Nifty- Bearish- 22.11.2015 in the forum Dow Theory – Old but a Golden Concept 8 years, 5 months ago
Lower tops and lower bottom scenario is found.
Symbol-Banknifty
Direction- Short, Entry- Below 15790, SL- above 15963
-
Yugenderan Meganathan replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
- Determine the Market direction
- Analyse the world market condition
- Findout the foreign institution investors activity
- Indian market condition
- Market breadth-Pricewise situation
- Market breadth- Turnover basis
- Index contribution- Choose sector
- Stock selection- choose which is common to Price wise and Turnover wise
- Determine the Market direction
-
Yugenderan Meganathan replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
- Determine the Market direction
- Analyse the world market condition
- Findout the foreign institution investors activity
- Indian market condition
- Market breadth-Pricewise situation
- Market breadth- Turnover basis
- Index contribution- Choose sector
- Stock selection- choose which is common to Price wise and Turnover wise
- Determine the Market direction
-
Yugenderan Meganathan replied to the topic What is the process of identifying momentum stock in intraday? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
- Determine the Market direction
- Analyse the world market condition
- Findout the foreign institution investors activity
- Indian market condition
- Market breadth-Pricewise situation
- Market breadth- Turnover basis
- Index contribution- Choose sector
- Stock selection- choose which is common to both below.
- Price wise
- Turnover wise
- Determine the Market direction
-
Yugenderan Meganathan replied to the topic Why the positional analytical methods are not followed in intraday analysis? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
Positional analytical methods are used for identifying the demand and supply for stocks for long term, but for intraday analysis the market sentiments and global markets impacts are widely considered. So the positional analysis may not work for intraday analysis.
-
Yugenderan Meganathan replied to the topic Do global markets impact the intraday price movement? How? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
yes, the global markets do impact the intraday price movements. The variations in global market will create a positive or negative mind set between the indian traders. This will create a environment to buy or sell in the indian market.
-
Yugenderan Meganathan replied to the topic What is the IDEAL time to trade intraday? in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
The ideal time to trade intraday is 10-11.30 AM
-
Yugenderan Meganathan 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 8 years, 5 months ago
If the trader makes short, then it is mandatory to close the position on the same day. Because the exchange will make settlements after 3.30pm every working day.
if the trader makes long position, it is not mandatory, but if the trader is not selling on the same day. then it will not be considered as intraday position. It is advisable to close…[Read more]
-
Yugenderan Meganathan replied to the topic What is intraday analysis? How it is different from positional analysis in the forum Intraday Analysis for Day Traders 8 years, 5 months ago
Intraday analysis is made, when the buying and selling of stocks should be done in same day. Long and short positions can be created
Positional Analysis is made, when the buying is made in one day and hold it for more than one day.. Only long position can be created.
Intraday analysis is the top down approach which reflects the market sentiments.
-
Yugenderan Meganathan replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years, 5 months ago
The fibonacci series is 0,1,1,2,3,5,8,13,etc. It is generally follows the pattern
0+1=1,<span style=”line-height: 1.5;”>1+1=2,1+2=3,2+3=5,3+5=8, etc. Â i.e, who addition of two consecutive numbers gives next number.</span>
The Golden mean is the ratio of any two consecutive numbers in this series. The golden mean for fibonacci series is…[Read more]
-
Yugenderan Meganathan 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 8 years, 5 months ago
Fibonacci retracement uses horizontal lines to identify the support and resistance zone. The major ratios to give the horizontal lines to identify the support and resistance zone are 38.2 and 61.8%
-
Yugenderan Meganathan replied to the topic What is RSI? How to identify the buying zone? in the forum Technical Indicators to understand market trend 8 years, 5 months ago
Relative strength index-RSI
It is also a type of indicator. it is suitable for non trending price movement. It is also a readymade algorithm which shows a 30% and 70% lines in our chart.
The zone above 70% is generally identified as buying zone. But we can mark to buy when the price rises from below 30 to above 30%.
- Load More