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yuva replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 7 months ago
Doji indicates trend reversal only if it’s occurs after recent fall/rise in price with high volume.
Buy –if price goes above doji’s high if prior trend is downtrend
Sell –if price goes above doji’s low if prior trend is uptrend
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yuva 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, 7 months ago
Candlestick pattern which covers the low/high(low -bullish piercing,high -bearish piercing) of previous candlestick and it’s body should cover at least 50% of previous day body.upper tail shouldn’t be very large.
Bullish Piercing
1.Prior trend should be down
2.Buy when prices goes above previous day high
Bearish Piercing
1.Prior trend…[Read more]
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yuva 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 7 years, 7 months ago
Short term traders who wants to buy/sell within a week and volume indicates the strength of pattern
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yuva 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, 7 months ago
Candlestick which covers previous day candle completely.
Bullish engulfing
1.Prior trend should be downtrend
2. a small increase in volume for past 2 days.
3.buy above high of bullish engulfing candlestick and stop loss should be low of candlestick.
Bearish engulfing
1.Prior trend should be uptrend
2.a small increase in volume for past 2…[Read more]
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yuva replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 7 months ago
few days to week
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yuva 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, 7 months ago
Candle stick analysis helps to identify the price movement of stock throughout the day and who(buyers/sellers) is control over the stock.
It’s graphical representation of the price movement.
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yuva 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, 7 months ago
Hammer/Hanging man –trend reversal pattern
Candlestick which looks like hammer and its tail should at-least 2 times of the body.
Hammer –body should in green and upper tail should be very small
1.prior trend was down
2.high volume seen
3.buy above upper tail
Hanging man –body should red and upper tail should be very sma…[Read more]
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yuva 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 7 years, 7 months ago
Rally prior to head and shoulder pattern ,minimum 3 months required to form head and shoulder
High volume should be seen in left shoulder
take short position if it breaks neck line
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yuva 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 7 years, 7 months ago
Two equivalent Double bottom formed with 20 days.
breakout above previous high with high volume.
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yuva replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 7 months ago
Flag
Cup
Triangle
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yuva replied to the topic What is rounding bottom / Cup pattern? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 7 months ago
Stock should trading within a price range for long duration of time and volume should be low
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yuva replied to the topic What is FLAG pattern? What are the conditions to qualify as perfect FLAG? in the forum Price Patterns and its characteristics 7 years, 7 months ago
Price movement should form like a flag
Steeper pole followed by sideways movement should happen with 4-7 days.
Breakout should happen with high volume.
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yuva replied to the topic What is triangle pattern? What are the conditions to qualify as perfect triangle? in the forum Price Patterns and its characteristics 7 years, 7 months ago
Price movement should form a structure like triangle (5 wave pattern)
minimum 2 months required to form a pattern
High volume should be seen in the triangle
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yuva replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 7 years, 7 months ago
Dow theory –Entry based on marked trend bullish or bearish.
Price pattern –Entry based on how price forms the pattern
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yuva 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 7 years, 7 months ago
Two equivalent top is formed.
Price should breakout the bottom (previous bottom ) with higher volume
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yuva replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 7 years, 7 months ago
Cup pattern :Buy when prices goes above the range
Flag pattern :Steep pole followed by side ways move for few days then Breakout happens with high volume.Buy after breakout
Triangle pattern :Triangle break out with very high volume.
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yuva replied to the topic What is inverted Head and Shoulder? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 7 months ago
At least 3 months is required to validate inverted head and shoulder.
High volume on Left shoulder
Price should breakout the neck line
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yuva replied to the topic Since dow theory is only to find the trend, cant we keep target and stop loss? in the forum Stock market questions and answers 7 years, 7 months ago
Yes,you can keep the target and stop loss.
stop loss should be higher bottom incase of long
stop loss should be lower top incase of short
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yuva replied to the topic What are Support and Resistance? in the forum Dow Theory in Practice 7 years, 7 months ago
Support:Price reach to a point where demand is higher than supply.
Resistance :Price reach to a point where supply is higher than demand.
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yuva replied to the topic What are the major critics against Dow Theory? How come it remains on top of any analysis? in the forum Dow Theory in Practice 7 years, 7 months ago
It takes long time to give signal to enter and also it generates very few calls.
It’s helps us to identify the support and resistance zone of the stock
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