There are two classic market types used to characterize the general direction of the market. Bull markets are said to be in role when the market is generally rising, typically the result of a strong economy. A bull market is associated with increasing investor confidence, and increased investing in anticipation of future price increases capital gains. A bullish market trend in … [Read more...]
Nifty Trading Levels for 19th October 2009
Nifty Trading Levels for 19th October 2009 Please find the correct levels for nifty The Nifty Levels for 16th October 2009 are First Resistance = 5150 First Support =5101 Second Resistance =5182 Second Support =5084 Breakout above = 5199 Break down Below = 5052 The above levels are for intraday only For Sure Shot pack and good Gains in Nifty Please visit Nifty … [Read more...]
Blending Candlesticks Explained
Candlestick patterns are made up of one or more candlesticks and these can be blended together to form one candlestick. This blended candlestick captures the essence of the pattern and can be formed using the following: • The open of first candlestick • The close of the last candlestick • The high and low of the pattern Blending Candles (Bullish Engulfing + … [Read more...]
Inverted Hammer and Shooting Star
The Inverted Hammer and Shooting Star look exactly alike, but have different implications based on previous price action. Both candlesticks have small real bodies (black or white), long upper shadows and small or nonexistent lower shadows. These candlesticks mark potential trend reversals, but require confirmation before action. The Shooting Star is a bearish reversal … [Read more...]
Candlestick Positioning
Candlestick Positioning Below is mentioned some candlesticks positions in detail: Star Position A candlestick that gaps away from the previous candlestick is said to be in star position. The first candlestick usually has a large real body, but not always, and the second candlestick in star position has a small real body. Depending on the previous candlestick, the star … [Read more...]