DOCSLIB.ORG

DAILY NEWS LETTER Date: 06.02.2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
DAILY NEWS LETTER Date: 06.02.2020 DAILY NEWS LETTER Date: 06 .02.2020 Nifty Short Term Trend The Nifty traded higher for a third consecutive session on February 5 to close near week’s high and formed a bullish candle that resembled Three White Soldiers formation on daily charts, a day ahead of RBI monetary policy. The index recouped 3/4th of the losses seen last week on the back of no negative news in the Budget, favourable oil prices and a rally in global markets. Three White Soldiers pattern is formed when a stock or an index witnesses three bullish candles which solidify reversal of a downtrend. The closing of the three candles should be higher than the previous candles. It is a sign of change in investor sentiment and is used by traders to confirm a shift in momentum. This pattern is formed after a period of consolidation or correction. If the Nifty sustains above 12,120, then next target should be placed around 12,180, he said. An initial sign of weakness could emerge on a close below 12,000 until 11,940 for the day. The Bank Nifty index opened with an upside gap and continued its positive momentum throughout the session. The index surpassed its major hurdle of 30,900 levels and approaching its 50-DEMA. Momentum oscillator RSI has given a falling trend line breakout and thus, showing strength in the near term. At the current juncture, if it manages to hold above 30,800 levels, it could extend its gains towards 31,300 then 31,500 levels. On the flip side, the gap area of 30,600-30,500 would now act as strong support and below that next support is placed at 30,300- mark. Levels to watch R1 R2 S1 S2 Outlook for the Day Short term Outlook NIFTY 12120 12180 12000 11940 Sideways Positive BANK NIFTY 31300 31500 30600 30300 Sideways Positive USD/INR 71.05 70.82 71.48 71.70 Sideways Positive www.ganeshstock.com 1 | Page Capital Market – Daily Newsletter Financial & Economic Wrap Up Indices Performance Markets regulator Sebi on Wednesday Index LTP Previous Close % Change restrained Indiabulls Ventures' former non-executive S&P BSE Sensex 41153.79 40789.38 0.89% director and her husband from accessing the securities Nifty 50 12089.15 11979.65 0.91% market for one year for conducting insider trading in Nifty Midcap 50 4967.45 4906.85 1.24% the firm's shares. In addition, they have also been Nifty 500 9951.35 9853.05 1.00% barred from buying, selling or dealing in the securities Bank Nifty 31001.95 30686.70 1.03% of the Indiabulls Ventures Ltd (IVL) for three years. The Institutional Flows (Cash Segment) order follows an investigation conducted in the scrip Description (Rs in Cr) BUY SELL NET of IVL between January 2017 and November 2017. The FII Activity 7151.42 6902.48 248.94 individuals have violated provisions of the Prohibition DII Activity 5142.23 4879.48 262.75 of Insider Trading norms, Sebi noted. India's slipped to 40th position on the International FIIs Derivative Statistics Intellectual Property (IP) Index, which analyses the IP BUY SELL climate in 53 global economies, this year, according to No. of Amount No. of Amount a report of US Chamber of Commerce's Global Contracts (INR. Cr.) Contracts (INR. Cr.) Innovation Policy Center. Last year India was ranked at Index Futures 46103 3516.64 51587 3836.95 36th position out of 50 countries. The US, the UK, Index Options 5904282 416367.39 5896342 415511.13 Stock Futures 250818 17032.45 245542 16550.66 Sweden, France and Germany remained the top five Stock Options 84875 6121.82 83213 6001.73 economies on the intellectual property index in 2019 retaining their spots from the last year. Top OI Gainers Telecom operator Bharti Airtel on Feb. 5 said it will not OI: No of % Change buy 5G spectrum in the upcoming auction if its base Scrip Contracts LTP OI:Value in OI price is fixed at Rs 492 cr. per megahertz as AMBUJACEM 11583 207.7 28957500 56.65 recommended by the regulator TRAI. The company EXIDEIND 5324 186.6 15439600 38.9 has stressed balance sheet reeling under debt of Rs APOLLOTYRE 5085 168.95 15255000 37.95 1.14 lakh crore with liability to clear statutory dues of HEROMOTOCO 15403 2324.05 3080600 34.31 CHOLAFIN 2586 344.05 6465000 28.98 around 35,500 cr., following a Supreme Court order in October 2019 that upheld the government's stand on Top OI Losers calculating levies over telecom licences. OI: No of % Change IT major Wipro on Wednesday moved out of the list of Scrip Contracts LTP OI:Value in OI top-20 most valued companies by market IGL 3100 515.3 8525000 -2.94 capitalisation giving way to Avenue Supermarts, which CESC 1827 719.75 1461600 -2.56 runs the D-Mart supermarkets chain. At close of trade, TORNTPHARM 753 1996 376500 -1.95 the market capitalisation (m-cap) of Avenue BIOCON 5767 295.2 13264100 -1.82 TVSMOTOR 3613 457.1 4877550 -1.47 Supermarts was at Rs 1,41,205.36 crore, which is Rs 2,777.03 crore more than that of Wipro's Rs Volume Spurt: Cash Segment 1,38,428.33 crore valuation on the BSE. Quantity Price Scrip LTP The South Central Railway (SCR) has been sanctioned Change (%) Change (%) Rs 6,846 crore for the year 2020-21 towards CAPLIN POINT LABORAT 324.65 34.26 20 infrastructure works in the union budget. For new SWAN ENERGY LIMITED 136.25 24.56 19.99 lines, the total budgetary grant including capital, Tata Motors Limited 183.75 10.32 10.89 deposit, extra budgetary resources, among others is Rs COCHIN SHIPYARD 345.4 59.5 -7.46 2,856 crore while for doubling, third line and bypass AVANTIFEED 599.55 25.26 -10.42 **Change from average Quantity, rest other % are over previous day’s line works, it is Rs 3,836 crore, SCR said in a press close unless otherwise mentioned release on February 5. www.ganeshstock.com 2 | Page Capital Market – Daily Newsletter Nifty OI – Call Put Analysis w Open Interest-Call/Put Change in Open Interest - Call/Put 4,000,000 4,000,000 2,000,000 2,000,000 0 0 Change in IO Open Interest 11700 11900 12100 12300 12500 -2,000,000 Strike Price 11700 11800 11900 Strike12000 Price12100 12200 12300 12400 12500 CE-OI PE-OI Change in OI-CE Change in OI-PE Put Call Ratios OI Wise Volume wise TATACHEM 1.63 BEARISH TATACHEM 0.91 BEARISH ESCORTS 1.10 BEARISH JUBLFOOD 0.89 BEARISH TCS 1.08 BEARISH ASIANPAINT 0.89 BEARISH BEARISH BEARISH BAJFINANCE 1.05 ZEEL 0.88 SRF 1.01 BEARISH MFSL 0.87 BEARISH F&O Wrap-up • Nifty February series future closed at 12089.5 Premium of 0.35 Point compared to Nifty spot which closed at 12089.15 • The Nifty OI wise Put-Call ratio stood at 1.25 and volume wise put-call ratio stood at 0.96 • India VIX has decreased by 2.76 percent and closed at 13.9825 • The open interest in Nifty Futures increased from 17,04,155 to 17,99,819 Quarterly Results Today AARTI DRUGS LTD. GUJARAT ALKALIES & CHEMICALS LTD. SUN PHARMACEUTICAL INDUSTRIES Aditya Birla Fashion and Retail Ltd HINDUSTAN CONSTRUCTION CO.LTD. SWASTIKA INVESTMART LTD. ADANI POWER LTD. HERO MOTOCORP LTD. TRENT LTD. Advanced Enzyme Technologies Ltd ICRA LTD. TIVOLI CONSTRUCTION LTD. AJMERA REALTY & INFRA INDIA LTD. IDFC LIMITED UNITED BREWERIES LTD. Akzo Nobel India Limited INDRAPRASTHA GAS LTD. UCO BANK AUROBINDO PHARMA LTD. Intellect Design Arena Ltd ULTRAMARINE & PIGMENTS LTD. BATA INDIA LTD. Khadim India Ltd UNITED BANK OF INDIA Birla Cable Ltd LUPIN LTD. UNIVERSAL STARCH-CHEM ALLIED LT FOODS LTD. Metropolis Healthcare Ltd USHA MARTIN LTD. Dalmia Bharat Ltd Minda Corporation Ltd Vikas Proppant & Granite Ltd DYNAMIC MICROSTEPPERS LTD. MINDA INDUSTRIES LTD. VIRGO POLYMERS (INDIA) LTD. EICHER MOTORS LTD. NMDC LTD. WHITE HALL COMMERCIAL CO.LTD. E.I.D.-PARRY (INDIA) LTD. RANE HOLDINGS LTD. EXDON TRADING CO.LTD. Geojit Financial Services Ltd RITES Ltd PRABHU STEEL INDUSTRIES LTD. GUJARAT PIPAVAV PORT LTD. SINTEX INDUSTRIES LTD. GLAXOSMITHKLINE CONSUMER www.ganeshstock.comHEALTHC Star Cement Ltd 3 | Page Capital Market – Daily Newsletter Disclosure: We, research team at Ganesh Stockinvest Pvt. Ltd., authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. Ganesh Stockinvest Pvt. Ltd. has no material adverse disciplinary history as on the date of publication of this report. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation (s) or view (s) in this report. Research Analyst or his/her relative or Ganesh Stockinvest Pvt. Ltd. may have any financial interest in the subject company. Also Research Analyst or his relative or Ganesh Stockinvest Pvt. Ltd. or its Associate may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report. Further Research Analyst or his relative or Ganesh Stockinvest Pvt. Ltd. or its associate does not have any material conflict of interest. Disclaimer: This report has been prepared by Ganesh Stockinvest Pvt. Ltd. and is meant for sole use by the recipient and not for circulation. The information and opinions contained herein have been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable.
Load more

Recommended publications
  • Copyrighted Material
    Index 12b-1 fee, 68–69 combining with Western analysis, 3M, 157 122–123 continuation day, 116 ABC of Stock Speculation, 157 doji, 115 accrual accounting, 18 dragonfl y doji, 116–117 accumulated depreciation, 46–47 engulfi ng pattern, 120, 121 accumulation phase, 158 gravestone doji, 116, 117, 118 accumulation/distribution line, hammer, 119 146–147 hanging man, 119 Adaptive Market Hypothesis, 155 harami, 119, 120 Altria, 29, 127, 185–186 indicators 120 Amazon.com, 151 long, 116, 117, 118 amortization, 47, 49 long-legged doji, 118 annual report, 44–46 lower shadow, 115 ascending triangle, 137–138, 140 marubozu, 116 at the money, 192 real body, 114–115 AT&T, 185–186 segments illustrated, 114 shadows, 114 back-end sales load, 67–68 short,116, 117 balance sheet, 46–50 spinning top, 118–119 balanced mutual funds, 70–71 squeeze alert, 121, 122, 123 basket of stocks, 63 tails, 114 blue chip companies, 34 three black crows, 122, 123 Boeing, 134–135 three white soldiers, 122, 123 book value, 169 trend-based, 117–118 breadth, 82–83, 97 upper shadow, 115 breakaway gap, 144 wicks, 114 break-even rate, 16–17 capital assets, 48, 49 breakout, 83–84, 105–106 capitalization-based funds, 71 Buffett, Warren, 152 capitalization-weighted average, 157 bull and bear markets,COPYRIGHTED 81, 174–175 Caterpillar, MATERIAL 52–54, 55, 57, 58, 59, 131 Bureau of Labor Statistics (BLS), 15 CBOE Volatility Index (VIX), 170, 171 Buy-and-hold strategy, 32, 204–205 Chaikin Money Flow (CMF), 146 buy to open/sell to open, 96 channel, 131–132 charting calendar spreads, 200–201
    [Show full text]
  • Stock Market Prediction Using Candlestick Chart
    International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 07 Issue: 01 | Jan 2020 www.irjet.net p-ISSN: 2395-0072 Stock Market Prediction using Candlestick Chart Razik Batliwala1, Muddassir Khan2, Durvesh Bhushan3 1,2Information Technology, PadmabhushanVasantdada Patil Pratishthan’s College of Engineering, Sion Mumbai 3Vaity Information Technology PadmabhushanVasantdada Patil Pratishthan’s College of Engineering, Sion Mumbai ------------------------------------------------------------------------***------------------------------------------------------------------------- Abstract—The stock market is a place where shares of publicly listed companies are traded. There shares based on brought and sold on this basis of there stock. The price of stocks and assets are an important part of the economy. There are many factors that affect share prices. However there is no specific cause for the prices to rise or fall. This makes investment subject to various risks. We proposed a novel method for prediction of stocks price on the basis of statistical data and making of candlestick chart for up to 3-4 days to find if investment are beneficial or loss of money, It is also beneficial to analyzing in future stock. In this paper we developing (LCS) Longest Common Subsequence Algorithm to retrieve numerical sequences that partially match. It also use for real time service provider to provide stock market sentiments. Keywords—Stock price prediction; Technical analysis; Candlestick charts; Longest common subsequence algorithm for numbers; Multi numerical attributes; Nse,Bse stock average. 1. INTRODUCTION Stock market prediction techniques play a crucial role to bring more people into market and encourage markets as a whole. Fundamental analysis and technical analysis are two popular approaches to successful stock trading.
    [Show full text]
  • Japanese Candlestick Patterns
    Presents Japanese Candlestick Patterns www.ForexMasterMethod.com www.ForexMasterMethod.com RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT Trading any financial market involves risk. This course and all and any of its contents are neither a solicitation nor an offer to Buy/Sell any financial market. The contents of this course are for general information and educational purposes only (contents shall also mean the website http://www.forexmastermethod.com or any website the content is hosted on, and any email correspondence or newsletters or postings related to such website). Every effort has been made to accurately represent this product and its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependent on the person using our product, ideas and techniques. We do not purport this to be a “get rich scheme.” Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes only and should not be construed as investment advice or strategy. No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those discussed in this report. Past performance is not indicative of future results. By purchasing the content, subscribing to our mailing list or using the website or contents of the website or materials provided herewith, you will be deemed to have accepted these terms and conditions in full as appear also on our site, as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be read herewith.
    [Show full text]
  • Three Advancing White Soldiers
    Continuation Patterns 143 DAILY BAR 1990 CQG INC. -- . 2021 -H= 2021 . ... 1991 -L= 2002 . .A= -20 . 2150 ... 7/23/90 . Hammer . 2021 .L= -C= 2002 . 3 EXHIBIT 7.35. Dow Jones Utilities-1990, Daily (Falling Three Methods). wrong. Wait until the pattern is formed, or confirmed, before acting on its implications! Exhibit 7.35 is a classic falling three method whose bearish implica- tion was negated by the hammer. If the hammer was not enough to tell one the was ending more proof was added with the white ses- sion following the hammer. This completed a bullish engulfing pattern. THREE ADVANCING WHITE SOLDIERS Like much of the candlestick terminology, this pattern has a military association. It is known as the three advancing white soldiers (see Exhibit 7.36) or, more commonly, three white soldiers. It is a group of three white candlesticks with consecutively higher closes. If this pattern appears at a low price area after a period of stable prices, then it is a sign of strength ahead. The three white soldiers are a gradual and steady rise with each white line opening within or near the prior session's white real body. Each of the white candlesticks should close at, or near, its highs. It is a 144 The Basics EXHIBIT 7.36. Three Advancing EXHIBIT 7.37. Advance Block EXHIBIT 7.38. Stalled Pattern White Soldiers healthy method for the market to rise (although if the white candlesticks are very extended, one should be cautious about an overbought market). If the second and third, or just the third candlestick, show signs of weakening it is an advance block pattern (see Exhibit 7.37).
    [Show full text]
  • Trading Guide
    Tim Trush & Julie Lavrin Introducing MAGIC FOREX CANDLESTICKS Trading Guide Your guide to financial freedom. © Tim Trush, Julie Lavrin, T&J Profit Club, 2017, All rights reserved https://tinyurl.com/forexmp Table Of Contents Chapter I: Introduction to candlesticks I.1. Understanding the candlestick chart 3 Most traders focus purely on technical indicators and they don't realize how valuable the original candlesticks are. I.2. Candlestick patterns really work! 4 When a candlestick reversal pattern appears, you should exit position before it's too late! Chapter II: High profit candlestick patterns II.1. Bullish reversal patterns 6 This category of candlestick patterns signals a potential trend reversal from bearish to bullish. II.2. Bullish continuation patterns 8 Bullish continuation patterns signal that the established trend will continue. II.3. Bearish reversal patterns 9 This category of candlestick patterns signals a potential trend reversal from bullish to bearish. II.4. Bearish continuation patterns 11 This category of candlestick patterns signals a potential trend reversal from bullish to bearish. Chapter III: How to find out the market trend? 12 The Heiken Ashi indicator is a popular tool that helps to identify the trend. The disadvantage of this approach is that it does not include consolidation. Chapter IV: Simple scalping strategy IV.1. Wow, Lucky Spike! 14 Everyone can learn it, use it, make money with it. There are traders who make a living trading just this pattern. IV.2. Take a profit now! 15 When to enter, where to place Stop Loss and when to exit. IV.3. Examples 15 The next examples show you not only trend reversal signals, but the Lucky Spike concept helps you to identify when the correction is over and the main trend is going to recover.
    [Show full text]
  • Candlestick Patterns
    INTRODUCTION TO CANDLESTICK PATTERNS Learning to Read Basic Candlestick Patterns www.thinkmarkets.com CANDLESTICKS TECHNICAL ANALYSIS Contents Risk Warning ..................................................................................................................................... 2 What are Candlesticks? ...................................................................................................................... 3 Why do Candlesticks Work? ............................................................................................................. 5 What are Candlesticks? ...................................................................................................................... 6 Doji .................................................................................................................................................... 6 Hammer.............................................................................................................................................. 7 Hanging Man ..................................................................................................................................... 8 Shooting Star ...................................................................................................................................... 8 Checkmate.......................................................................................................................................... 9 Evening Star ....................................................................................................................................
    [Show full text]
  • Timeframeset
    QuantShare Programming Language Table of contents 1. QuantShare Language 1.1 Application Info 1.1.1 NbGroups 1.1.2 NbIndexes 1.1.3 NbIndustries 1.1.4 NbInGroup 1.1.5 NbInIndex 1.1.6 NbInIndustry 1.1.7 NbInMarket 1.1.8 NbInSector 1.1.9 NbMarkets 1.1.10 NbSectors 1.2 Candlestick Pattern 1.2.1 Cdl2crows (0) 1.2.2 Cdl2crows (1) 1.2.3 Cdl3blackcrows (0) 1.2.4 Cdl3blackcrows (1) 1.2.5 Cdl3inside (0) 1.2.6 Cdl3inside (1) 1.2.7 Cdl3linestrike (0) 1.2.8 Cdl3linestrike (1) 1.2.9 Cdl3outside (0) 1.2.10 Cdl3outside (1) 1.2.11 Cdl3staRsinsouth (0) 1.2.12 Cdl3staRsinsouth (1) 1.2.13 Cdl3whitesoldiers (0) 1.2.14 Cdl3whitesoldiers (1) 1.2.15 CdlAbandonedbaby (0) 1.2.16 CdlAbandonedbaby (1) 1.2.17 CdlAdvanceblock (0) 1.2.18 CdlAdvanceblock (1) 1.2.19 CdlBelthold (0) 1.2.20 CdlBelthold (1) 1.2.21 CdlBreakaway (0) 1.2.22 CdlBreakaway (1) 1.2.23 CdlClosingmarubozu (0) 1.2.24 CdlClosingmarubozu (1) 1.2.25 CdlConcealbabyswall (0) 1.2.26 CdlConcealbabyswall (1) 1.2.27 CdlCounterattack (0) 1.2.28 CdlCounterattack (1) 1.2.29 CdlDarkcloudcover (0) 1.2.30 CdlDarkcloudcover (1) 1.2.31 CdlDoji (0) 1.2.32 CdlDoji (1) 1.2.33 CdlDojistar (0) 1.2.34 CdlDojistar (1) 1.2.35 CdlDragonflydoji (0) 1.2.36 CdlDragonflydoji (1) 1.2.37 CdlEngulfing (0) 1.2.38 CdlEngulfing (1) 1.2.39 CdlEveningdojistar (0) 1.2.40 CdlEveningdojistar (1) 1.2.41 CdlEveningstar (0) 1.2.42 CdlEveningstar (1) 1.2.43 CdlGapsidesidewhite (0) 1.2.44 CdlGapsidesidewhite (1) 1.2.45 CdlGravestonedoji (0) 1.2.46 CdlGravestonedoji (1) 1.2.47 CdlHammer (0) 1.2.48 CdlHammer (1) 1.2.49 CdlHangingman (0) 1.2.50
    [Show full text]
  • Everything You Wanted to Know About Candlestick Charts Is an Unregulated Product Published by Thames Publishing Ltd
    EEvveerryytthhiinngg yyoouu wwaanntteedd ttoo kknnooww aabboouutt ccaannddlleessttiicckk cchhaarrttss by Mark Rose • Read candlestick charts accurately • Spot patterns quickly and easily • Use that information to make profitable trading decisions Contents Chapter 1. What is a candlestick chart? 3 Chapter 2. Candlestick shapes: 6 Anatomy of a candle 6 Doji 7 Marubozo 8 Chapter 3. Candlestick Patterns 9 Harami (bullish / bearish) 9 Hammer / Hanging Man 11 Inverted Hammer / Shooting Star 13 Engulfing (bullish/ bearish) 14 Morning Star / Evening Star 15 Three White Soldiers / Three Black Crows 16 Piercing Line / Dark Cloud Cover 17 Chapter 4. The history of candlestick charts 18 Conclusion 20 Candlestick Cheat Sheet 22 2 Chapter 1. What is a candlestick chart? Before I start to talk about candlestick patterns, I’d like to get right back to basics on candles: what they are, what they look like, and why we use them … Drawing lines When you look at a chart of market prices, you can usually choose from line charts or candlestick charts. A line chart will take its price levels from the opening or closing prices according to the timeframe you have selected. So, if you’re looking at a one-minute line chart of closing prices, it will plot the closing price for each one-minute period – something like this … Line charts can be useful for looking at the “bigger picture” and finding long-term trends, but they simply cannot offer up the kind of information contained in a candlestick chart. Here is a one-minute candlestick chart for the same period … 3 At first glance, it might look a little confusing, but I can assure you that once you’re used to candlestick charts – you won’t look back.
    [Show full text]
  • Bullish Pattern
    International School of Financial Markets WWW.ISFM.CO.IN Best Stock Market School Gurgaon 0124-2200689, 9540008689 Reg. office: Plot no. 152 - P (LGF), Sec – 38, Medicity Road, NR Bakhtawar Chowk Phone : 0124-2200689, +91 9540008689, +91 9953147497, +91 9911878442 Web: www.isfm.co.in , Email : [email protected] Reg. office: Plot no. 152 - P (LGF), Sec – 38, Medicity Road, Near Medanta Hospital Contact No. - 0124-2200689, +919540008689, WWW.ISFM.CO.IN Accumulation The act of buying more shares of a security without causing the price to increase significantly. After a decline, a stock may start to base and trade sideways for an extended period. While this base builds, well-informed traders and investors may seek to establish or increase existing long positions. In that case, the stock is said to have come under accumulation. Accumulation Distribution Line A momentum indicator that relates price changes with volume. It relates the closing price to the range of prices (H - L). The closer the close is to the high, the more volume is added to the cumulative total. Advance Decline Line One of the most widely used indicators to measure the breadth of a stock market advance or decline. The AD line tracks the net difference between advancing and declining issues. It is usually compared to a market average WWW.ISFM.CO.INwhere divergence from that average would be an early indication of a possible trend reversal. AdvanceBest Decline Stock Ratio Market School The ratio of advancing issues over declining issues. Taking the moving average of the AD ratioGurgaon will smooth it so it can be used as an overbought and oversold indicator.
    [Show full text]
  • Three White Soldiers: 3 Things You Must Consider Before Trading [Video]
    Three White Soldiers: 3 Things You Must Consider Before Trading [Video] The Three White Soldiers pattern is a popular bullish candlestick pattern. It is fairly easy for most traders to spot in real time given the 3 large range successive candles. Moreover, in the right context it can signal a reversal of a trend. In this post we’ll discuss the context, requirements, and a free video on how to trade this pattern. If you aren’t familiar with candlesticks in general, be sure to check out our Candlestick Pattern Guide. In that post we’ve put together a free infographic cheat sheet for you to use with your trading, along with manybullish and bearish examples! Three White Soldiers Video Tutorial Our in house trading expert, Al Hill has put together a quick video explaining the pattern. Have a look before you get started with the tutorial. Overview The three white soldiers is a Japanesecandlestick pattern that is comprised of three or more bullish candles. [1] The candles are white because positive price movement in eastern technical analysis is represented white and not green (as most charting platforms default to these days). The reference to soldiers is in the context of the battle between the bulls and bears. Visually, they are marching forward with no impediment. Three White Soldiers 3 Requirements for Confirmation Now that you have the image of the three white soldiers candlestick pattern in your mind, hopefully you’ll begin to see the pattern on your charts more often. Sometimes studying candlestick patterns can be a lot like listening to a new song, it gets stuck in your mind.
    [Show full text]
  • Candlestick Patterns Cheat Sheet
    Candlestick Patterns Cheat Sheet Alphaex Capital https://www.alphaexcapital.com/ Copyright © 2021 Alphaex Capital Limited All rights reserved. 2 RISK DISCLAIMER THE INFORMATION CONTAINED WITHIN THIS EBOOK IS FOR EDUCATIONAL INFORMATIONAL PURPOSES ONLY. NO FINANCIAL ADVICE OR GUARANTEES ARE GIVEN THROUGHOUT THE EBOOK. The contents of this eBook are supplied for its instructional value. Neither the author nor publisher offers any warranties or representations in respect of the accuracy of the material or their fitness for a particular purpose, nor does the author or publisher accept any legal responsibility or liability for any errors or omissions nor any loss or damage arising from their use. The reader should make his/her own evaluation as to the appropriateness or otherwise of any of the techniques or strategies described. Trading financial assets (such as foreign exchange, commodities, indices, or stocks) carries a high level of risk and you may lose some or all of your money. Losses can and will occur as a natural part of trading. Don’t trade with money you can’t afford to lose. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information in this publication will generate profits or ensure freedom from losses. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Frequently there are considerable differences between hypothetical performance results and the actual results subsequently achieved by any particular trader or trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.
    [Show full text]
  • Candlestick Patterns (Every Trader Should Know)
    Candlestick Patterns (Every trader should know) A doji represents an equilibrium between supply and demand, a tug of war that neither the bulls nor bears are winning. In the case of an uptrend, the bulls have by definition won previous battles because prices have moved higher. Now, the outcome of the latest skirmish is in doubt. After a long downtrend, the opposite is true. The bears have been victorious in previous battles, forcing prices down. Now the bulls have found courage to buy, and the tide may be ready to turn. For example = INET Doji Star A “long-legged” doji is a far more dramatic candle. It says that prices moved far higher on the day, but then profit taking kicked in. Typically, a very large upper shadow is left. A close below the midpoint of the candle shows a lot of weakness. Here’s an example of a long-legged doji. For example = K Long-legged Doji A “gravestone doji” as the name implies, is probably the most ominous candle of all, on that day, price rallied, but could not stand the altitude they achieved. By the end of the day. They came back and closed at the same level. Here ’s an example of a gravestone doji: A “Dragonfly” doji depicts a day on which prices opened high, sold off, and then returned to the opening price. Dragonflies are fairly infrequent. When they do occur, however, they often resolve bullishly (provided the stock is not already overbought as show by Bollinger bands and indicators such as stochastic). For example = DSGT The hangman candle , so named because it looks like a person who has been executed with legs swinging beneath, always occurs after an extended uptrend The hangman occurs because traders, seeing a sell-off in the shares, rush in to grab the stock a bargain price.
    [Show full text]