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| Discuss Knowledge is power... at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dear Rohan, Handing man is only show the strength or weakness. if hanging man come ... |
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#11
8th May 2008, 06:17 PM
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Re: Knowledge is power...
Dear Rohan,
Handing man is only show the strength or weakness. if hanging man come after a downtrend then it called as Hammer and it is quite bullish. if the hammer appeared after a uptrend/swing then it called as Hanging man and it is bearish sign. it gives only to keep your concentration closely once you get any candlestick patterns. it will be too difficult to take position only candlestick pattern basis. Using candlestick pattern you can ready to take position because it tells you the truth! normally hanging man with high volume or inverted hammer @ top with next day confirmation black candle with high volume is quit bearish. for both patterns next candle should be a black candle to get confirmation. 
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#12
8th May 2008, 07:15 PM
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Re: Knowledge is power...
shivashimoga,
gr8 yaar, thanks for the information. inshort if its in uptrend and confirmation comes then the pattern is bearish AND if its in downtrend and confirmation comes then the pattern is bullish. right sir
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#13
8th May 2008, 07:36 PM
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Re: Knowledge is power...
Yes, true. analyzing candlestick is an art combin with science.
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#14
9th May 2008, 11:12 AM
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Re: Knowledge is power...
I don't trade intraday. but if any others intrested then, you may trade using the bellow url. it works only with Nifty index because Nifty index is live
http://finance.**********/q/ta?s=%5E...=b&p=e377,e610 regards Last edited by shivashimoga; 9th May 2008 at 12:30 PM.
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#15
9th May 2008, 06:09 PM
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Re: Knowledge is power...
Monday, if market open weak and if it start traking support @ 4930 levels then I will exit my put options. If it breaks 4930 before 10.30 then I will hold my put options. my stoploss now is @ 5045 levels.
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#16
9th May 2008, 08:39 PM
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Re: Knowledge is power...
Quote:
first of all , this pattern appears only on tops & not the bottoms..... every candle pattern must b accompanied with confirmation in the nxt session with the opposite candle of the pattern...... in case of the hanging man pattern , the pattern if took place 2day means.......the rope was put around the bulls neck & the noose ready.....2morrow should b a black candle which closes below the pattern low.....which confirms that the noose has been tightened & the bull is hanged...  then the shorts come in with a closing stop abv the pattern high Last edited by sudoku1; 9th May 2008 at 08:40 PM. Reason: *
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#17
10th May 2008, 12:41 PM
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Re: Knowledge is power...
Buy Maruti above 771, with stoploss 749. Target 1001. 771 should close atleast 2 horurly candles.
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#18
12th May 2008, 05:45 PM
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Re: Knowledge is power...
today I coved my PE of nifty 4800 @ 80 rupees. a decent profit of 45 rupees. bought T 33+2 brokerage and sold @ 80.
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#19
12th May 2008, 06:05 PM
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Re: Knowledge is power...
Again I will re-enter NIFTY Put once it closes bellow 4930 or Enter PUT @ 5095 levels with stoploss of 5125.
Last edited by shivashimoga; 12th May 2008 at 06:20 PM.
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