HAVE A NICE WEEK END

CANDLE STICK PATTERNS

Gravestone Doji: A doji line that develops when the Doji is at, or very near, the low of the day.

Gravestone Doji

Hammer: Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer.

Hammer

Hanging Man: Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during an advance, then it is called a Hanging Man.

Hanging Man

Harami: A two day pattern that has a small body day completely contained within the range of the previous body, and is the opposite color.

Harami

Harami Cross: A two day pattern similar to the Harami. The difference is that the last day is a Doji.

Harami Cross

NIFTY FUTURES UPDATES & FUNDAMENTALS TODAY (JAN 16)

Yesterday, Nifty Futures made a GAP UP 

opening against our anticipation 

and skipped all the levels..

This happens too sometimes..

 

Today if sustains above 8481 for 60 minutes,

watch a hike upto 8515-25 and above 8516

for 30 more minutes, it takes it to 8540-50

Suppose if cuts and trades

below 8480 for 60 minutes

see a slide upto 8444

INTRADAY RESISTANCES @ 8516 – 26 – 44 – 54 

INTRADAY SUPPORTS   @ 8477 – 40

Trade very carefully with the above

mentioned time and levels.

ALL THE VERY BEST

For your remembrance

7 GAPS in total below current level:

8320, 8142, 7947, 7818, 

7592, 7044, 6887

Now the million dollar question is………

whether all these would be filled 

before 10,000 or not?

(By the time this post was updated

S&P CNX Nifty Futures was trading @ 8503)

இன்றைய சந்தை அடிப்படை (JAN 16)

இந்தியநேரப்படி இன்று 3:30 மணிக்கு யூரோ நாணயத்தை 

பாதிக்கும்படி வெளியாகும் CPI ;

மாலை 5:00 மணிக்கு இந்திய நாணயத்தை பாதிக்கும்படி 

வெளியாகும் அந்நியச் செலாவணிக் கையிருப்பு;

மாலை 7:00 மணிக்கு டாலர் குறியீட்டை நேரடியாக பாதிக்கும் 

டிசம்பர் மாதத்து CPI, Core CPI, FOMC Member Kocherlakota உரை ;

போன்ற முக்கியச் செய்திகள் வரவிருப்பதால்  

கச்சா எண்ணெய், தங்கம், வெள்ளி, காப்பர், நிக்கல் 

மற்றும் இயற்கை எரிவாயு போன்ற கமாடிட்டிகளில் 

இன்று கவனமாக இருக்க வேண்டிய நேரம்...

3:20 – 4:00 PM; 5:00 – 5:30 PM; 6:50 – 7:30 PM

வெல்க அன்பு நெஞ்சங்களே!  

DISCLAIMER 

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

WISH YOU ALL A HAPPY THURSDAY

CANDLE STICK PATTERNS 

Dragonfly Doji: A Doji where the open and close price are at the high of the day. Like other Doji days, this one normally appears at market turning points.

Engulfing Pattern: A reversal pattern that can be bearish or bullish, depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or a downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day's body.

Evening Doji Star: A three day bearish reversal pattern similar to the Evening Star. The uptrend continues with a large white body. The next day opens higher, trades in a small range, then closes at its open (Doji). The next day closes below the midpoint of the body of the first day.

Evening Star: A bearish reversal pattern that continues an uptrend with a long white body day followed by a gapped up small body day, then a down close with the close below the midpoint of the first day.

Falling Three Methods: A bearish continuation pattern. A long black body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new low.

NIFTY FUTURES UPDATES & TODAY'S FUNDAMENTALS (JAN 15)

Yesterday as predicted in early market hours, 

Nifty Futures after having traded below our mentioned level of 8324 in the morning session for 30 minutes

It exactly traveled to our target of 8290 within few hours

A GAP DOWN EXPECTED 

Today if sustains above 8318 for 30 minutes,

watch a hike upto 8332 and above this level

for 30 more minutes, it takes it to 8350-60

Suppose if cuts and trades

below 8312 for 30 minutes

see a slide upto 8288-78

INTRADAY RESISTANCES @ 8332 – 52 – 62

INTRADAY SUPPORTS   @  8312 – 8287 – 77

Trade very carefully with the above

mentioned time and levels.

ALL THE VERY BEST

(By the time this post was updated

S&P CNX Nifty Futures was trading @ 8293)

இன்றைய சந்தை அடிப்படை (JAN 15)

இந்தியநேரப்படி இன்று காலை 6 மணிக்கு இந்தியச் சந்தைத் திறப்பிற்கு முன் ஆஸ்திரேலிய டாலரை பாதிக்கும்படி வெளியாகும் அந்நாட்டு வேலைவாய்ப்பு மாற்றம்;

மாலை 7:00 மணிக்கு டாலர் குறியீட்டை நேரடியாக 

பாதிக்கும் டிசம்பர் மாதத்து  PPI;

இரவு 8:30க்கு வெளியாகும் ஜனவரி மாதத்து 

Philadelphia Fed Manufacturing Index

தொடர்ந்து 9:00 மணிக்கு வெளியாகும் 

இயற்கை எரிவாயு கையிருப்பு என வரிசையாக 

செய்திகள் வரவிருப்பதால்  

நிஃப்டி, கச்சா எண்ணெய், தங்கம், வெள்ளி, 

காப்பர், நிக்கல் மற்றும் இயற்கை எரிவாயு 

போன்ற கமாடிட்டிகளில் இன்று 

கவனமாக இருக்க வேண்டிய நேரம்...

9:50 – 10:30 AM ; 6:50 PM – 7:30 PM; 8:25 – 9:30 PM

வெல்க அன்பு நெஞ்சங்களே! 

DISCLAIMER 

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

HAVE A WONDERFUL WEDNESDAY

CANDLE STICK PATTERNS 

Abandoned Baby: 

A rare reversal pattern characterized by a gap followed by a Doji, which is then followed by another gap in the opposite direction. The shadows on the Doji must completely gap below or above the shadows of the first and third day.

  

Dark Cloud Cover: 

A bearish reversal pattern that continues the uptrend with a long white body. The next day opens at a new high then closes below the midpoint of the body of the first day.

Doji: 

Doji form when a security's open and close are virtually equal. The length of the upper and lower shadows can vary, and the resulting candlestick looks like, either, a cross, inverted cross, or plus sign. Doji convey a sense of indecision or tug-of-war between buyers and sellers. Prices move above and below the opening level during the session, but close at or near the opening level.

  

Downside Tasuki Gap: 

A continuation pattern with a long, black body followed by another black body that has gapped below the first one. The third day is white and opens within the body of the second day, then closes in the gap between the first two days, but does not close the gap.

NIFTY FUTURES UPDATES & TODAY'S FUNDAMENTALS (JAN 14)

Yesterday as predicted, Nifty Futures after having traded 

above our mentioned level of 8346 for 30 minutes

It exactly traveled to our target of 8383

What else you want friends…?

 

Today if sustains above 8324 for 30 minutes,

watch a hike upto 8350-60

Suppose if cuts and trades

below 8324 for 30 minutes

see a slide upto 8302 - 8290

INTRADAY RESISTANCES @ 8353 – 65

INTRADAY SUPPORTS   @ 8300 – 8285

Trade very carefully with the above

mentioned time and levels.

ALL THE VERY BEST

For your remembrance

GAPS below current level:

One @ 8154; second @ 7947;

third @ 7818 and the fourth @ 7612

Above the current level there exists a gap @ 8423

(By the time this post was updated

S&P CNX Nifty Futures was trading @ 8346)

இன்றைய சந்தை அடிப்படை (JAN 14)

இந்தியநேரப்படி இன்று நண்பகல் 12 மணிக்கு 

இந்திய ரூபாயைபாதிக்கவல்ல டிசம்பர் மாதத்து 

WPI Food, WPI Fuel, WPI Inflation, WPI Manufacturing Inflation 

ஆகிய தகவல்கள்;

மாலை 7:00 மணிக்கு டாலர் குறியீட்டை நேரடியாக 

பாதிக்கும் டிசம்பர் மாதத்து 

Core Retail Sales, Retail Sales;

இரவு 9:00 மணிக்கு கச்சா எண்ணெய் மற்றும் பெட்ரோல் 

கையிருப்பு போன்ற தகவல்களும் இணைந்து வர இருப்பதால்

நிஃப்டி, கச்சா எண்ணெய், தங்கம், வெள்ளி, காப்பர், நிக்கல் மற்றும் இயற்கை எரிவாயு போன்ற கமாடிட்டிகளில் இன்று கவனமாக இருக்க வேண்டிய நேரம்...

11:50 AM – 12:30 PM; 6:50 PM – 7:30 PM; 8:50 – 9:30 PM

வெல்க அன்பு நெஞ்சங்களே! 

DISCLAIMER 

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

AN INTRADAY SUCCESS UPDATE (JAN 13)

A SWIFT TRADE IN 2 BASE METALS USING 'M I D' 

TECHNIQUE JUST NOW. NET PROFIT OF 

(8500 - 1800 (Brokerage+Tax) ) = Rs 6700/-

Call 9788563656 to get e-packages and know 'MID' techniques.

Doubts will be cleared online in week ends.

JAI HO!

CRUDE OIL & GOLD - AN URGENT UPDATE (JAN 13)

CRUDE - if closed below 43.53 $ a day 

NO SUPPORT TILL 33.10 $ 

At the same time bounce back is possible from 

43.75 $ and 33.25$ 

Pls be ALERT in those levels 

கச்சா எண்ணெய் தற்போது 2727 என்ற இலக்கை நோக்கி பயனிப்பதாகத் தெரிகிறது!

இந்த லெவலுக்கு கீழ் ஒரு நாள் நிறைவடைந்து விட்டால்

2350 வரை இதற்கு எங்கும் ஆதரவு இல்லை!

எனவே மேற்கூறிய நிபந்தனையில் 2350 நிச்சயம் சாத்தியப்படும்!

தங்கத்தைப் பொருத்தவரை நாம் ஏற்கனவே பலமுறை சொன்னதில் எந்த மாற்றமுமில்லை - அனைத்து ஏற்றங்களும் விற்பதற்கே அன்றி வேறில்லை!

இன்னும் நான்கு மாத காலத்தில் சவரன் 10000 எட்டுவது உறுதி!

ஆபரணமாகவோ நாணயமாகவோ தங்கத்தை வாங்க நினைப்பவர்கள் ஜூன் மாதம் வரை பொறுமை காக்கவும்!

வெல்க அன்பு நெஞ்சங்களே !

DISCLAIMER 

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

HAVE A PLEASANT TUESDAY

INTRODUCTION TO CANDLESTICKS

History

The Japanese began using technical analysis to trade rice in the 17th century. While this early version of technical analysis was different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar:

The “what” (price action) is more important than the “why” (news, earnings, and so on).

All known information is reflected in the price.

Buyers and sellers move markets based on expectations and emotions (fear and greed).

Markets fluctuate

The actual price may not reflect the underlying value.

According to Steve Nison, candlestick charting first appeared sometime after 1850. Much of the credit for candlestick development and charting goes to a legendary rice trader named Homma from the town of Sakata. It is likely that his original ideas were modified and refined over many years of trading eventually resulting in the system of candlestick charting that we use today.

Formation

In order to create a candlestick chart, you must have a data set that contains open, high, low and close values for each time period you want to display. The hollow or filled portion of the candlestick is called “the body” (also referred to as “the real body”). The long thin lines above and below the body represent the high/low range and are called “shadows” (also referred to as “wicks” and “tails”). The high is marked by the top of the upper shadow and the low by the bottom of the lower shadow. If the stock closes higher than its opening price, a hollow candlestick is drawn with the bottom of the body representing the opening price and the top of the body representing the closing price. If the stock closes lower than its opening price, a filled candlestick is drawn with the top of the body representing the opening price and the bottom of the body representing the closing price.

Compared to traditional bar charts, many traders consider candlestick charts more visually appealing and easier to interpret. Each candlestick provides an easy-to-decipher picture of price action. Immediately a trader can compare the relationship between the open and close as well as the high and low. The relationship between the open and close is considered vital information and forms the essence of candlesticks. Hollow candlesticks, where the close is greater than the open, indicate buying pressure. Filled candlesticks, where the close is less than the open, indicate selling pressure.

                                                                                                                                                                           (to be contd)

NIFTY FUTURES UPDATES (JAN 13)

Yesterday as written in early market hours, Nifty Futures after having traded above the level of 8297 for 30 minutes

It exactly traveled to our target of 8342 and 8365

Today if trades above 8346 for 30 minutes,

watch a hike upto 8366 and above the level for 30 minutes

see more hike upto 8383 – 93

Suppose if cuts and trades

below 8345 for 30 minutes

see a slide upto 8315 and below 8310

for 30 more minutes it slides more upto 8282

INTRADAY RESISTANCES @ 8366 – 84 – 95

INTRADAY SUPPORTS   @ 8344-10 – 8282

Trade very carefully with the above

mentioned time and levels.

ALL THE VERY BEST

For your remembrance

GAPS below current level:

One @ 8154; second @ 7947;

third @ 7818 and the fourth @ 7612

Above the current level there exists a gap @ 8423

DISCLAIMER 

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

NIFTY FUTURES UPDATES (JAN 12)

Last Friday as expected and written in 
early market hours Nifty Futures made a 
GAP UP OPENING and reached 

our mentioned levels

A GAP DOWN OPEN EXPECTED

Today if sustains above 8297 for 30 minutes,

watch a hike upto 8324 – 42

Suppose if opened and trades

below 8292 for 30 minutes

see a slide upto 8275 and below this level

for 30 minutes it slides more upto 8252

INTRADAY RESISTANCES @ 8325 – 45 – 65

INTRADAY SUPPORTS   @ 8274 – 51

Trade very carefully with the above

mentioned time and levels.

ALL THE VERY BEST

For your remembrance

GAPS below current level:

One @ 8154; second @ 7947;

third @ 7818 and the fourth @ 7612

Above the current level there exists a gap @ 8423

(By the time this post was updated

S&P CNX Nifty Futures was trading @ 8294 )

DISCLAIMER 

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.