Search results

Relative newbie to technical analysis (but not new to market). I did my first technical buy yesterday late evening - AstraZeneca at 3600 I bought it because it looked like a breakout from the VCP (volatility contraction pattern) with very high volumes. I am planning to stop loss it at 3239...

I looked at his site. It's a fantastic resource. However, it's not what I asked. It shows patterns where already lines are cleanly drawn & patterns are identified (that's how most books also are). Once somebody draws a nice rectangle or triangle or flag or cup and saucer on a chart, I can also...

Most books on technical analysis draw Cartoonish figures for explaining different patterns trendlines etc. I mean, it's very simple to identify patterns and trends if you look at the drawings in the book. The patterns are so clean, unambigous & simple. However, in real life, it's not like that...

I am going through Mark Minervini's books. He keeps talking about "Bases" & "Emerging from a Base" & Base 1, Base 2 etc but he hasn't clearly explained anywhere what exactly is a "Base". Is there a proper definition/description of what exactly is a base?

Thank you for the detailed reply. Do you see any of these in the charts above? What is Low Volumes Inside Pattern? Yes, of course.

Hi guys, I am a relative beginner with Technical Analysis. Read quite a few books. In the books the charts & patterns so nice & clean & it seems like I understand them perfectly. But when I actually look at real life charts, I am totally unable to identify the patterns. In the books, they so...

Going through Mark Minervini’s book. He has many criteria for screening for stocks one of which is the below How can I look up or calculate something similar for Indian stocks?

Trying my hand at chartink.com scanner filters for the first time. I want to create a couple of filters 1) Current Stock Price greater than 150 day Moving Average price line. Is below the right way to do it? 2) Current Stock Price 30% or more greater than 52 week Low. Is below the right way to...

I was looking for Weekly OHLC, Volume data for the Nifty Index. I found it at Yahoo, but Volume data seems off https://in.finance.yahoo.com/quote/%5ENSEI/history?period1=1546819200&period2=1579305600&interval=1wk&filter=history&frequency=1wk August to current data shows volume in 1000s...

Thank you. But what is the reason?

This is not for day trading but medium to long term buying & selling of the NiftyBEES ETF. If is better for me to go through the NiftyBEES ETF chart or should I just look at the Nifty 50 index charts to determine entry & exit points?

If you get stock prices from NSE https://www.nseindia.com/products/content/equities/equities/eq_security.htm Type in any stock symbol & click on Get Data. For any price, it gives 2 close prices - Last Price & Close Price. If I want to plot my own charts, which would I use as the Close price?

Ok, got it. Thank you.

Someone published a screenshot of his chart on Twitter - https://pbs.twimg.com/media/ELXKxdeUwAAFFJp?format=jpg&name=large I looked at the Nifty 50 chart on TradingView on my own browser & it looked different. So it's probably not the chart of Nifty 50. How do I figure out what chart he...

Yeah, but after moderation has approved it, is it possible to delete a comment or post?

Thank you. What about deleting the post? I guess it cannot be done at all. I just made post which is still awaiting moderator approval & I still cannot delete the post.

Beginner here. On what price is a trendline drawn in a daily chart ? Is it the open, high, low or close price of the day?

How do you do it? I don't see any edit or delete button below.

If I want to edit or delete a comment or post I have made, is it possible?

Thank you. Can we use the same bands given by Magee (Less than 0.40, 0.40-0.79, > 0.79) to classify stocks as conservative sensitivity, median sensitivity & speculative sensitivity when we use the sensitivity given by the NSE csv files? Also, is there any translation for the price bands give...