Major Index companies that will declare their Q3 results include Maruti, Sun Pharma, NTPC, CIPLA among the key global data to watch for is European Monetary Union unemployment rate, European Monetary Union retail sales, US initial jobless claims, US farm and Non farm payrolls and US employment rate.
Nifty witnessed selling pressure post RBI rate hike. Foreign funds have been net sellers on Thursday (1,651 crores) while not much buying came in from DIIs to support the market.
Nifty has closed below 200 days SMA which was placed at 5610 levels suggesting weakness and any bounce may see fresh selling pressure, it has immediate support at 5480 breaching below which it can test 5350 On the higher side, 5630 and 5740 are strong resistance levels for the week ahead...
Monday, January 31, 2011
Saturday, January 29, 2011
Indian Stocks - Technical Analysis
The stock or capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors. Stock is distinct from the property and the assets of a business which may fluctuate in quantity and value......
Basic Candlestick Patterns
Spinning Tops
A black or a white candlestick is formed with a small body. The size of shadows can vary. It is interpreted as a neutral pattern but gains more importance when it is part of other formations.........
Marubozu
A long or a normal candlestick (black or white) is formed with no shadow or tail. The high and the low is consisted of the opening and the closing prices. It is considered as a continuation pattern....
Doji:
It is formed when opening and closing prices are virtually the same. The length of shadows can vary. It is considered that doji candlesticks are usually components of many candlestick pattern.....
Gragon Fly Doji:
It is formed when the opening and the closing prices are at the highest of the day. If it has a longer lower shadow it signals more bullish trend. When it appears at market bottom it is considered as a reversal signal....
Gravestone Doji:
It is formed when the opening and closing prices are at the lowest...
Inverted Black Hammer:
A black body is formed in an upside-down hammer position. It is considered as a bottom reversal signal...
See Also
Indian Stocks - Technical Analysis
Support and Resistance
Trend Lines
Japanese Candlestick
A black or a white candlestick is formed with a small body. The size of shadows can vary. It is interpreted as a neutral pattern but gains more importance when it is part of other formations.........
Marubozu
A long or a normal candlestick (black or white) is formed with no shadow or tail. The high and the low is consisted of the opening and the closing prices. It is considered as a continuation pattern....
Doji:
It is formed when opening and closing prices are virtually the same. The length of shadows can vary. It is considered that doji candlesticks are usually components of many candlestick pattern.....
Gragon Fly Doji:
It is formed when the opening and the closing prices are at the highest of the day. If it has a longer lower shadow it signals more bullish trend. When it appears at market bottom it is considered as a reversal signal....
Gravestone Doji:
It is formed when the opening and closing prices are at the lowest...
Inverted Black Hammer:
A black body is formed in an upside-down hammer position. It is considered as a bottom reversal signal...
See Also
Indian Stocks - Technical Analysis
Support and Resistance
Trend Lines
Japanese Candlestick
Japanese Candlestick
Candlesticks are usually composed of the body (black or white), and an upper and a lower shadow ,the area between the open and the close is called the real body, price excursions above and below the real body are called shadows. The wick illustrates the highest and lowest traded prices of a security during the time interval represented. The body illustrates the opening and closing trades. If the security closed higher than it opened, the body is white or unfilled, with the opening price at the bottom of the body and the closing price at the top. If the security closed lower than it opened, the body is black, with the opening price at the top and the closing price at the bottom. A candlestick need not have either a body or a wick....
Candlestick charts are a visual aid for decision making in stock, forex, commodity, and options trading. For example, when the bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar.
See Also
Indian Stocks - Technical Analysis
Support and Resistance
Trend Lines
Candlestick charts are a visual aid for decision making in stock, forex, commodity, and options trading. For example, when the bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar.
See Also
Indian Stocks - Technical Analysis
Support and Resistance
Trend Lines
Market will keep a close watch at the RBI Monetary policy meet
Nifty traded in a tight range after witnessing selling pressure for the last two weeks. Foreign funds have been net sellers in 4 out of last 5 trading sessions, while domestic funds have been net buyers....
Saturday, January 22, 2011
Support and Resistance
Support and Resistance
Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. As demand increases, prices advance and as supply increases, prices decline. When supply and demand are equal, prices move sideways as bulls and bears slug it out for control.
Support:
A support level is a price level where the price tends to find support as it is going down. This means the price is more .....
Resistance:
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means....
Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. As demand increases, prices advance and as supply increases, prices decline. When supply and demand are equal, prices move sideways as bulls and bears slug it out for control.
Support:
A support level is a price level where the price tends to find support as it is going down. This means the price is more .....
Resistance:
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means....
Trend Lines
Trend Lines:
Technical analysis is built on the assumption that prices trend. Trend Lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. Many of the principles...
There are three types of trends:
1. Uptrend (higher lows)
2. Downtrend (lower highs)
3. Sideways trends (ranging)
Technical analysis is built on the assumption that prices trend. Trend Lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. Many of the principles...
There are three types of trends:
1. Uptrend (higher lows)
2. Downtrend (lower highs)
3. Sideways trends (ranging)
HCL Technology creates All time high with bearish signals
HCL Technologies (NSE:HCLTECH) creates all time high of 517.15 with lot of bearish patterns. Today the stock opens at 503.60 which is 15 points higher than it is previous day close. The stocks trades...
Wednesday, January 19, 2011
State Bank of India creates Bullish Engulfing Signal in Candlestick Chart - Jan 2011
State Bank of India creates Bullish Engulfing Signal in Candlestick Chart - Jan 2011.
State bank of India creates bullish engulfing signal in
candlestick chart on Jan 201l .......
State bank of India creates bullish engulfing signal in
candlestick chart on Jan 201l .......
Saturday, January 8, 2011
TCS Creates Bearish signal in Candlestick Chart
In todays (07-Jan-2011) trade TCS has formed bearish signal in both daily & weekly Candlestick charts.
In recent days TCS has lead IT packs rally. There was a gap-up on Oct-22, from their stock has rallied close to 25%. Today It creates bearish engulfing line, followed by two dark cloud cover pattern. The bearish engulfing pattern is formed in weekly chart as well...
In recent days TCS has lead IT packs rally. There was a gap-up on Oct-22, from their stock has rallied close to 25%. Today It creates bearish engulfing line, followed by two dark cloud cover pattern. The bearish engulfing pattern is formed in weekly chart as well...
Candlestick Hammer
A hammer consists of a very short body with a long fuse. It should have the fuse at least twice the length of the candle body. The color of the body is in this case almost does not matter. (A white body is to be regarded more positively than a black.) He comes at the end of a downtrend before!
More: Candlestick Hammer
More: Candlestick Hammer
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