Sensex

Tuesday, December 01, 2009

Re: [Technical-Investor] INFOSYS TECHNLOGIES - HANGING MAN CANDLESTICK PATTERN

 

No. In that case, Candlestick will be looking ULTA.

Dragonfly Doji - Open & close are the same at highs

Gravestone Doji - Open & close are the same at lows

Bearish & Bullish depends on whether its formed on DOWNTREND or UPTREND.

Rgds/Balaji



On Wed, Dec 2, 2009 at 1:12 PM, Ray Seth <rayseth@gmail.com> wrote:


Isn't a bearish dragonfly doji called a gravestone doji? I mean they are exact mirror images.


On Wed, Dec 2, 2009 at 1:08 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Dragonfly Doji is of two types: Bullish & Bearish, depends on Downtrend & Uptrend where it is formed.

Dragonfly Doji Vs Hanging Man: The Bearish Dragonfly Doji Pattern is a rare single candlestick pattern that occurs at the top of an uptrend. It is very similar to the Hanging Man Pattern, except on a Dragonfly Doji the opening and closing prices are nearly identical (no body). When markets manage to close at the same price as they open it suggests more uncertainty about future trend than even a small candle. That makes the Bearish Dragonfly Doji more reliable than a Hanging Man offering a stronger bearish signal.

Rgds/Balaji



On Wed, Dec 2, 2009 at 1:03 PM, Ray Seth <rayseth@gmail.com> wrote:


Why is Hanging Man considered Bearish?
 
The idea of a small body is that the stock opened higher, made a low and then bulls were in control and took the price to a new high, but the stock closed lower. Is this not closer to
a dragonfly doji, which is a bullish sign?
 
Actually, the next day matters more whatever the formation.
 
Correct me if I am wrong.
 
Regards
 
Ray

On Wed, Dec 2, 2009 at 11:26 AM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Friends,

INFOSYS TECH is not a SELL CALL yet --- its only an observation posted for analysis.

Wait for confirmation to take any position on INFY.

BTW, I am never in favor of Short calls. May be thats my weakness being a PERMA Bull. If the market falls, I rather prefer to take rest or vacation than Shorting.

Rgds/Balaji




On Wed, Dec 2, 2009 at 10:57 AM, Abhijit <ap19632000@yahoo.com> wrote:


Balaji,
 
Infy might fall...but hanging man pattern is at the TOP...please see literature posted by me earlier.
 
AP
 
----- Original Message -----
Sent: Wednesday, December 02, 2009 10:50 AM
Subject: [Technical-Investor] INFOSYS TECHNLOGIES - HANGING MAN CANDLESTICK PATTERN

 

INFOSYS TECHNLOGIES – HANGING MAN CANDLESTICK PATTERN

 

 

 

 

To confirm a Hanging Man, you should wait for the next candle. The next candle should be a bearish candle. If the next candle gaps down it is a stronger signal that a top has been reached. If the candle is bullish the uptrend is still in effect.

 

Sample Hanging Man formation from NET:

 

 

 

 

 

 

 

 










--
Trading at all skill levels evokes emotions that generate great illusions.

Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.








--
Trading at all skill levels evokes emotions that generate great illusions.

Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.



__._,_.___
For Forum Rules of Conduct & Disclaimer, please go through

http://finance.groups.yahoo.com/group/Technical-Investor/files/!Forum Rules of Conduct.txt
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Posted by nsivaa at 11:46 PM 0 comments

[sharetrading] Intraday cum Delivery Buy HINDDORROL ( Bse Code 509627) cmp 172 SL 165 & 158 tgt 180-190-200+

 

Intraday cum Delivery Buy HINDDORROL ( Bse Code 509627) cmp 172 SL 165 & 158 tgt 180-190-200+

The INTERNET now has a personality. YOURS! See your Yahoo! Homepage.

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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
.

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Posted by nsivaa at 11:42 PM 0 comments

Re: [Technical-Investor] INFOSYS TECHNLOGIES - HANGING MAN CANDLESTICK PATTERN

 

Isn't a bearish dragonfly doji called a gravestone doji? I mean they are exact mirror images.

On Wed, Dec 2, 2009 at 1:08 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Dragonfly Doji is of two types: Bullish & Bearish, depends on Downtrend & Uptrend where it is formed.

Dragonfly Doji Vs Hanging Man: The Bearish Dragonfly Doji Pattern is a rare single candlestick pattern that occurs at the top of an uptrend. It is very similar to the Hanging Man Pattern, except on a Dragonfly Doji the opening and closing prices are nearly identical (no body). When markets manage to close at the same price as they open it suggests more uncertainty about future trend than even a small candle. That makes the Bearish Dragonfly Doji more reliable than a Hanging Man offering a stronger bearish signal.

Rgds/Balaji



On Wed, Dec 2, 2009 at 1:03 PM, Ray Seth <rayseth@gmail.com> wrote:


Why is Hanging Man considered Bearish?
 
The idea of a small body is that the stock opened higher, made a low and then bulls were in control and took the price to a new high, but the stock closed lower. Is this not closer to
a dragonfly doji, which is a bullish sign?
 
Actually, the next day matters more whatever the formation.
 
Correct me if I am wrong.
 
Regards
 
Ray

On Wed, Dec 2, 2009 at 11:26 AM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Friends,

INFOSYS TECH is not a SELL CALL yet --- its only an observation posted for analysis.

Wait for confirmation to take any position on INFY.

BTW, I am never in favor of Short calls. May be thats my weakness being a PERMA Bull. If the market falls, I rather prefer to take rest or vacation than Shorting.

Rgds/Balaji




On Wed, Dec 2, 2009 at 10:57 AM, Abhijit <ap19632000@yahoo.com> wrote:


Balaji,
 
Infy might fall...but hanging man pattern is at the TOP...please see literature posted by me earlier.
 
AP
 
----- Original Message -----
Sent: Wednesday, December 02, 2009 10:50 AM
Subject: [Technical-Investor] INFOSYS TECHNLOGIES - HANGING MAN CANDLESTICK PATTERN

 

INFOSYS TECHNLOGIES – HANGING MAN CANDLESTICK PATTERN

 

 

 

 

To confirm a Hanging Man, you should wait for the next candle. The next candle should be a bearish candle. If the next candle gaps down it is a stronger signal that a top has been reached. If the candle is bullish the uptrend is still in effect.

 

Sample Hanging Man formation from NET:

 

 

 

 

 

 

 

 










--
Trading at all skill levels evokes emotions that generate great illusions.

Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.








--
Trading at all skill levels evokes emotions that generate great illusions.

Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.

__._,_.___
For Forum Rules of Conduct & Disclaimer, please go through

http://finance.groups.yahoo.com/group/Technical-Investor/files/!Forum Rules of Conduct.txt
.

__,_._,___
Posted by nsivaa at 11:42 PM 0 comments

Re: [Technical-Investor] INFOSYS TECHNLOGIES - HANGING MAN CANDLESTICK PATTERN

 

Dragonfly Doji is of two types: Bullish & Bearish, depends on Downtrend & Uptrend where it is formed.

Dragonfly Doji Vs Hanging Man: The Bearish Dragonfly Doji Pattern is a rare single candlestick pattern that occurs at the top of an uptrend. It is very similar to the Hanging Man Pattern, except on a Dragonfly Doji the opening and closing prices are nearly identical (no body). When markets manage to close at the same price as they open it suggests more uncertainty about future trend than even a small candle. That makes the Bearish Dragonfly Doji more reliable than a Hanging Man offering a stronger bearish signal.

Rgds/Balaji



On Wed, Dec 2, 2009 at 1:03 PM, Ray Seth <rayseth@gmail.com> wrote:


Why is Hanging Man considered Bearish?
 
The idea of a small body is that the stock opened higher, made a low and then bulls were in control and took the price to a new high, but the stock closed lower. Is this not closer to
a dragonfly doji, which is a bullish sign?
 
Actually, the next day matters more whatever the formation.
 
Correct me if I am wrong.
 
Regards
 
Ray

On Wed, Dec 2, 2009 at 11:26 AM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Friends,

INFOSYS TECH is not a SELL CALL yet --- its only an observation posted for analysis.

Wait for confirmation to take any position on INFY.

BTW, I am never in favor of Short calls. May be thats my weakness being a PERMA Bull. If the market falls, I rather prefer to take rest or vacation than Shorting.

Rgds/Balaji




On Wed, Dec 2, 2009 at 10:57 AM, Abhijit <ap19632000@yahoo.com> wrote:


Balaji,
 
Infy might fall...but hanging man pattern is at the TOP...please see literature posted by me earlier.
 
AP
 
----- Original Message -----
Sent: Wednesday, December 02, 2009 10:50 AM
Subject: [Technical-Investor] INFOSYS TECHNLOGIES - HANGING MAN CANDLESTICK PATTERN

 

INFOSYS TECHNLOGIES – HANGING MAN CANDLESTICK PATTERN

 

 

 

 

To confirm a Hanging Man, you should wait for the next candle. The next candle should be a bearish candle. If the next candle gaps down it is a stronger signal that a top has been reached. If the candle is bullish the uptrend is still in effect.

 

Sample Hanging Man formation from NET:

 

 

 

 

 

 

 

 










--
Trading at all skill levels evokes emotions that generate great illusions.

Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.



__._,_.___
For Forum Rules of Conduct & Disclaimer, please go through

http://finance.groups.yahoo.com/group/Technical-Investor/files/!Forum Rules of Conduct.txt
.

__,_._,___
Posted by nsivaa at 11:38 PM 0 comments

Re: [Technical-Investor] INFOSYS TECHNLOGIES - HANGING MAN CANDLESTICK PATTERN

 

Why is Hanging Man considered Bearish?
 
The idea of a small body is that the stock opened higher, made a low and then bulls were in control and took the price to a new high, but the stock closed lower. Is this not closer to
a dragonfly doji, which is a bullish sign?
 
Actually, the next day matters more whatever the formation.
 
Correct me if I am wrong.
 
Regards
 
Ray

On Wed, Dec 2, 2009 at 11:26 AM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Friends,

INFOSYS TECH is not a SELL CALL yet --- its only an observation posted for analysis.

Wait for confirmation to take any position on INFY.

BTW, I am never in favor of Short calls. May be thats my weakness being a PERMA Bull. If the market falls, I rather prefer to take rest or vacation than Shorting.

Rgds/Balaji




On Wed, Dec 2, 2009 at 10:57 AM, Abhijit <ap19632000@yahoo.com> wrote:


Balaji,
 
Infy might fall...but hanging man pattern is at the TOP...please see literature posted by me earlier.
 
AP
 
----- Original Message -----
Sent: Wednesday, December 02, 2009 10:50 AM
Subject: [Technical-Investor] INFOSYS TECHNLOGIES - HANGING MAN CANDLESTICK PATTERN

 

INFOSYS TECHNLOGIES – HANGING MAN CANDLESTICK PATTERN

 

 

 

 

To confirm a Hanging Man, you should wait for the next candle. The next candle should be a bearish candle. If the next candle gaps down it is a stronger signal that a top has been reached. If the candle is bullish the uptrend is still in effect.

 

Sample Hanging Man formation from NET:

 

 

 

 

 

 

 

 










--
Trading at all skill levels evokes emotions that generate great illusions.

Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.

__._,_.___
For Forum Rules of Conduct & Disclaimer, please go through

http://finance.groups.yahoo.com/group/Technical-Investor/files/!Forum Rules of Conduct.txt
.

__,_._,___
Posted by nsivaa at 11:33 PM 0 comments

[sharetrading] Nifty Level Alerts on mobile phone

 

Dear Members,

  Can anybody suggest any agency which provides SMS alerts of predefined Nifty future levels  as and when those levels are reached in realtime?.along with subscription charges if any.


VMD-74

The INTERNET now has a personality. YOURS! See your Yahoo! Homepage.

__._,_.___
Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
.

__,_._,___
Posted by nsivaa at 11:20 PM 0 comments

[sharetrading] India bulls Platter [1 Attachment]

 
[Attachment(s) from minesh temkar included below]


__._,_.___

Attachment(s) from minesh temkar

1 of 1 File(s)

ibull platter_30nov.pdf
Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
.

__,_._,___
Posted by nsivaa at 11:09 PM 0 comments

Re: [Technical-Investor] NF ops sell

 

Apologies. Could not resist taking a swipe.


Regards

Prashanth


On Wed, Dec 2, 2009 at 12:15 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:
 

Yeah Prashanth,

I dont play the intraday game, hence not bothered about Gyrations. I am more of Buy & Hold delivery based trader.

My limited Vision has helped me gauge what the dips could be & pockets thus far has been pretty decent.

With God's grace ofcourse,

Rgds/Balaji





On Wed, Dec 2, 2009 at 12:09 PM, Prashanth K <prash454.ta@gmail.com> wrote:


Dip to levels where vision permits :) SL at level where pocket permits :))

No offense. 


On Wed, Dec 2, 2009 at 11:59 AM, Abhijit <ap19632000@yahoo.com> wrote:
 

Dip to where? once bought at the dip---sl?
 
 
----- Original Message -----
Sent: Wednesday, December 02, 2009 11:33 AM
Subject: Re: [Technical-Investor] NF ops sell

 

AP,

I feel we are in "BUY THE DIPS" market & not "SHORT THE HIGHS".

I prefer to accumulate in dips than trying to short for this month (Dec 2009). I guess we would take off that 5180-5200 barrier soon this week and move past 5400+

Just my thought. You may call it gut-feel if you will. I will prove Guilty if it goes wrong.

Good Luck & ATB,

Rgds/Balaji






__._,_.___
For Forum Rules of Conduct & Disclaimer, please go through

http://finance.groups.yahoo.com/group/Technical-Investor/files/!Forum Rules of Conduct.txt
.

__,_._,___
Posted by nsivaa at 11:05 PM 0 comments

[Technical-Investor] BSE Midcap - Madness is yet to come

 

From the wave structure of BSE Midcap we could make out that once 6710 takes out on BSE Midcap, expect BSE Midcap to test 13000+ in wave 3. On the contrary even if wave C of 2 is pending it is unlikely to go below 5300 on Midcap index. In classical terms we might go and test neckline of an inverted H&S. From this reading i feel in medium term it could be great bet. The only concern remain is momentum which is not picking up. But i feel its the prices which trades on Exchanges so if prices moves momentum will catch up in medium term.

Madness is yet to come before top..............

Warm Regards,
Vishvesh Chauhan

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For Forum Rules of Conduct & Disclaimer, please go through

http://finance.groups.yahoo.com/group/Technical-Investor/files/!Forum Rules of Conduct.txt
.

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Posted by nsivaa at 8:52 PM 0 comments
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