Usefull CANDLEPATTERN for INDIANSTOCK

#1
Hi friends,

I am searching the verious candle-patterns for indianstocks,
I am from GUJRAT-INDIA,
From many patterns i have found, one is here(After read this,you have to understand the attached file also):-

ANALISYS OF THREE CANDLES(with hangingman):-

3 days data are required (open,high,low,close),after analysis these 3 days,
4th day is your TRADING-DAY.

SITUATION OF THREE CANDLES:-

1st day:- There is a WHITE-CANDLE
2nd day:- There is a BLACK-CANDLE in HAGINGMAN situation with close above FIRST DAY'S HIGH &
3rd day:- Any type of candle with close below FIRST DAY'S HIGH

PSYCOLOGY OF THIS PATTERN:-

1st day:- White candle indicates that BULLS are interested,
2nd day:- Black candle in HANGINGMAN situation indicates that
BEARS are trying to control the Game &
3rd day:- Close below first day's high indicates that BEARS have controled the GAME.

ANALYSIS OF THIS PATTERN:-

1. First day's high is the MAJORE-RESISTANCE for the STOCK,
2. Near above 3rd day's high is your stoploss for SHORT-SELLING
3. This is only for 4th DAY-SHORTSELLING ( INTRADAY-TRADING ).

YOU CAN SEE THIS PATERN WITH MANY STOCKS(NSE) IN ATTACHED FILE(xls)

I have found more than 90 % surity ( intradaytrading-shortselling)
with this pattern.

** SENIORS & OTHER MATURE T.A. are requested to comment & reply,

Thanking you for read this,
candle4all
 
#5
its a nice quest!
searching for the holy grail, hope you dont miss the forest for the tree.

You are in a secular bull run, catch any correction and you will make money.
The real test comes when the trend changes.

wish you well

regards
 

rangarajan

Well-Known Member
#6
Dear Candle,
Thank you & i could open the attachment.you have not mentioned as to when the stock should be sold on the fourth day with relevant to the third day prices since in many of yr sample study ,the volatality is not much & hence exit may be difficult.Could you discuss a specific stock except ACC where the volatality seems to be an exception.
By the way Dilip,i am told that most of the successful day traders have made more profit by selling rather than buying.this is due to Newton"s law.
Best of lucks,
ranga
 
#7
rangarajan said:
i am told that most of the successful day traders have made more profit by selling rather than buying.this is due to Newton"s law.
Best of lucks,
ranga
Well , lets have the name of one legendary day trader, who survived the markets 10 years. Would be a pleasure to know.
 

sudoku1

Well-Known Member
#8
Hi friends,

I am searching the verious candle-patterns for indianstocks,
I am from GUJRAT-INDIA,
From many patterns i have found, one is here(After read this,you have to understand the attached file also):-

ANALISYS OF THREE CANDLES(with hangingman):-

3 days data are required (open,high,low,close),after analysis these 3 days,
4th day is your TRADING-DAY.

SITUATION OF THREE CANDLES:-

1st day:- There is a WHITE-CANDLE
2nd day:- There is a BLACK-CANDLE in HAGINGMAN situation with close above FIRST DAY'S HIGH &
3rd day:- Any type of candle with close below FIRST DAY'S HIGH

PSYCOLOGY OF THIS PATTERN:-

1st day:- White candle indicates that BULLS are interested,
2nd day:- Black candle in HANGINGMAN situation indicates that
BEARS are trying to control the Game &
3rd day:- Close below first day's high indicates that BEARS have controled the GAME.

ANALYSIS OF THIS PATTERN:-

1. First day's high is the MAJORE-RESISTANCE for the STOCK,
2. Near above 3rd day's high is your stoploss for SHORT-SELLING
3. This is only for 4th DAY-SHORTSELLING ( INTRADAY-TRADING ).

YOU CAN SEE THIS PATERN WITH MANY STOCKS(NSE) IN ATTACHED FILE(xls)

I have found more than 90 % surity ( intradaytrading-shortselling)
with this pattern.

** SENIORS & OTHER MATURE T.A. are requested to comment & reply,

Thanking you for read this,
candle4all
http://www.traderji.com/general-chit-chat/76650-nifty-50-_bulls-44.html#post812334
 

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