Analysis of charts - discussion share ur views

[vishalalluri]

nifty very strong technically and wud surely see 5085 for sure
i had given a trgt of 5185 but i guess thats a long way to go
this is a momentum driven market and lets see if it reache s the target

what more can happen against technicals is u kno the sentiment driven market can come into picture wer in the number 5000 :annoyed:would shock lot of people and u know fear and caution comes across and profit booking starts and correction also comes in the picture

but technicaaly according me i don se any one reason why markets should not go to 5000+ levels

 

[annu]

thank you vishal for your kind word and guideing me. i will keep all the thing in my mind and make some strict decision for me before starting any trade and get less involvement in margin money.

once again thank you very much .


regards
anil devli

 

[vishalalluri]

an intresting funny story of stock markets

 

[vishalalluri]

hi everyone

from today on i would like to start on candlestick charts cos they doo
reaaly give signals for reversals and i have read somewhere japanese traders relly a lot on the candles

lets see wer it takes in the procees of learning

 

[veluri1967]

dear vishal,
here is dlf.
i will analyse tata chemicals tmmrw

 

[vishalalluri]

dear vishal,
here is dlf.
i will analyse tata chemicals tmmrw

hi veluri

but i think dlf has strong resistence at 444 levels it goess der and pulls bak to 400 levels

lets see if it gves a break out


can u post me some more chart on ascending traingle formation so that everybudy can understand it better

and make ur background which is pleasing to eyes

 

[vishalalluri]

im thinkinf of starting discussion on candlesticks charting but i dun know im confused if i shud start talking about each every basic or i diretly start wid charts

somebody guide me i dont kno if everybody are aware of the basics of candlesticksssssssssssss




confusedddd

 

[annu]

hi everyone

from today on i would like to start on candlestick charts cos they doo
reaaly give signals for reversals and i have read somewhere japanese traders relly a lot on the candles

lets see wer it takes in the procees of learning

hi vishal,
waiting eagerly to know about candle stick. kindly start with some basic of candle stick . i only know that each candle show OHLC of a particular time period and hollow candle for up and dark candle for down

thank you

regards

 

[veluri1967]

Obliged.
I will take care adjusting the colours in my next post.
I am unable to see the exact resistance point in the chart. can u please guide how to spot it.

thanks
veluri1967

 

[vishalalluri]

hi everyone

here we go with candlesticks ................................

It would take a real long time to finish candlesticks and after each and evry topic we discuss i wud try putting charts to show their role , i believe if we try doing it seriously we can just finish it wid perfection and one month down the line we see charts and candle we shud be able to recognise the ball is in the hands of bulls or bears :annoyed:

candlesticks are nothing but depicion of the fight beetween the bulls and the bears

the most visually available part in all charts which just gives very easily a picture about whats next to come every candlestick has there own patterns and after an uptrend.downtrend they give great reversal signals

please dont mind but i m not putting any history of candlesticks


i would just give the simplest way in which any beginner should be able to just start and understand what they are all about




Candlestick Line uses the data (open,high, low, and close) to create a much more visual graphic to depict what is going on with the stock.

The thick part of the candlestick line is called the real body.

It represents the range between the sessions opening and closing prices.

If the real body is red, it means that the close of the session was lower than the open.

If the real body is green, it means that the close was higher than the open.

The lines above and below the body are the shadows.

The shadows represent price extremes.

The shadow above the real body is called the upper shadow and the shadow below the real body is called the lower shadow.

The top of the upper shadow is the high of the day,and the bottom of the lower shadow is the low of the day.