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
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