Candlesticks formation has some normas and requirements , which needs to be followed to get the best and desired results. 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 … [Read more...]
Introduction to Candlesticks
History In 17th century for the very first time Japanese began to use technical analysis to trade in stocks . In 1900 a new US version of technical analysis was initiated by Charles Dow which was somehow different from the early version , but many of the guiding principles were very similar: • The "what" (price action) is more important than the "why" (news, earnings, … [Read more...]
Free Stock Tips for 16th October 2009
The Various Stock Tips Given by the various analysts and Stock Brokers are :- Dr. Reddy 's Laboratories Ltd. - - Daily Stock Recommendations 16-10-2009 Source Action Tip Period Target Price (Rs.) Sudarshan Sukhani Buy, stop loss Rs 970 - 1,000.00 Cairn India Ltd. - - Daily Stock Recommendations 16-10-2009 Source Action Tip Period Target Price … [Read more...]
Nifty Trading Levels for 16th October 2009
Please find the correct levels for nifty The Nifty Levels for 16th October 2009 are First Resistance = 5148 First Support =5071 Second Resistance =5184 Second Support =5030 Breakout above = 5225 Break down Below = 4994 The above levels are for intraday only For Sure Shot pack and good Gains in Nifty Please visit Nifty Live Charts.com … [Read more...]
First close of the year :10,000 Dow
The Dow Jones industrials had a spectacular end this year and closed above 10,000 on Wednesday, and this was the first time in more than year that it closed at such a high end, following the upbeat profit reports from Intel and JPMorgan Chase. The Dow Jones industrial average (INDU) rose 145 points or 1.5%, finishing at its highest point since Oct. 3, 2008, when it closed at … [Read more...]