Sharekhan Pattern Finder Alert

Sharekhan Pattern Finder Alert

Sharekhan Pattern Finder Alert

Technical Event® Alerts on August 02, 2018

The following alerts have been triggered. Each alert may produce a list of up to 50 Technical Event® opportunities matching the selected criteria. If you find that the list of matching Technical Event® opportunities is too long, try narrowing your alert criteria.
Alert Name: India, Bearish
Alert Criteria: Stocks (Any Indian Exchange) with a Columbine Capital Quant Rank of at least 6; Price at least 5.00; Volume at least 10,000; Market Capitalization at least 5 billion; Classic Patterns; Short-term Patterns; Bearish; Daily Events.
SymbolExchangeNameEvent
Close at Event
Target Price Range
Opportunity Type
500093BSECG Power & Industrial Solutions LtdContinuation Wedge (Bearish)
61.40
42.00 – 46.00
Intermediate-Term Bearish
500179BSEHCL Infosystems LtdInside Bar (Bearish)
36.30
n/a
Short-Term Bearish
500186BSEHindustan Oil Exploration Co LtdInside Bar (Bearish)
140.75
n/a
Short-Term Bearish
500300BSEGrasim Industries LtdEngulfing Line (Bearish)
1,017.45
n/a
Short-Term Bearish
500483BSETata Communications LtdInside Bar (Bearish)
586.30
n/a
Short-Term Bearish
500550BSESiemens LtdInside Bar (Bearish)
1,000.05
n/a
Short-Term Bearish
524715BSESun Pharmaceuticals Industries LtdShooting Star
579.50
n/a
Short-Term Bearish
532388BSEIndian Overseas BankEngulfing Line (Bearish)
14.79
n/a
Short-Term Bearish
532497BSERadico Khaitan LtdEngulfing Line (Bearish)
429.65
n/a
Short-Term Bearish
532500BSEMaruti Suzuki India LtdHead and Shoulders Top
9,156.70
8,490.00 – 8,621.00
Intermediate-Term Bearish
532748BSEPrime Focus LtdHanging Man
78.50
n/a
Short-Term Bearish
533477BSEEnkei Wheels (India) LtdTop Triangle
397.60
264.00 – 289.00
Intermediate-Term Bearish
540376BSEAvenue Supermarts LtdEngulfing Line (Bearish)
1,653.20
n/a
Short-Term Bearish
ABBNSEABB India LtdKey Reversal Bar (Bearish)
1,204.95
n/a
Short-Term Bearish
ASTECNSEAstec Lifesciences LtdHead and Shoulders Top
606.55
447.00 – 477.00
Intermediate-Term Bearish
CADILAHCNSECadila Healthcare LtdInside Bar (Bearish)
376.10
n/a
Short-Term Bearish
DPSCLTDNSEIndia Power Corporation LtdPennant (Bearish)
18.90
11.25 – 12.50
Short-Term Bearish
EIDPARRYNSEE I D Parry India LtdInside Bar (Bearish)
231.55
n/a
Short-Term Bearish
FORTISNSEFortis Healthcare LtdInside Bar (Bearish)
142.95
n/a
Short-Term Bearish
GABRIELNSEGabriel India LtdInside Bar (Bearish)
147.05
n/a
Short-Term Bearish
HCL-INSYSNSEHCL Infosystems LtdInside Bar (Bearish)
36.40
n/a
Short-Term Bearish
HINDOILEXPNSEHindustan Oil Exploration Co LtdInside Bar (Bearish)
141.10
n/a
Short-Term Bearish
MAHABANKNSEBank of MaharashtraHanging Man
13.40
n/a
Short-Term Bearish
MARUTINSEMaruti Suzuki India LtdHead and Shoulders Top
9,142.40
8,479.00 – 8,611.00
Intermediate-Term Bearish
NHNSENarayana Hrudayalaya LtdHanging Man
261.45
n/a
Short-Term Bearish
RUPANSERupa & Co LtdInside Bar (Bearish)
416.05
n/a
Short-Term Bearish
SYNGENENSESyngene International LtdHanging Man
599.25
n/a
Short-Term Bearish
TATAMOTORSNSETata Motors LtdFlag (Bearish)
260.85
234.00 – 240.00
Short-Term Bearish
THERMAXNSEThermax LtdInside Bar (Bearish)
1,168.25
n/a
Short-Term Bearish
TRITURBINENSETriveni Turbine LtdInside Bar (Bearish)
118.15
n/a
Short-Term Bearish

Alert Name: India, Bullish 

Sharekhan Pattern Finder Alert

Alert Criteria: Stocks (Any Indian Exchange) with a Columbine Capital Quant Rank of at most 5; Price at least 3.00; Volume at least 10,000; Market Capitalization at least 5 billion; Classic Patterns; Short-term Patterns; Bullish; Daily Events.

SymbolExchangeNameEvent
Close at Event
Target Price Range
Opportunity Type
509488BSEGraphite India LtdBottom Triangle
1,038.60
1,246.00 – 1,294.00
Intermediate-Term Bullish
515043BSESaint-Gobain Sekurit India LtdDouble Bottom
65.95
72.25 – 73.75
Intermediate-Term Bullish
523704BSEMastek LtdInside Bar (Bullish)
542.65
n/a
Short-Term Bullish
531213BSEManappuram Finance LtdDiamond Bottom
109.30
117.00 – 119.00
Intermediate-Term Bullish
532508BSEJindal Stainless LtdHammer
56.95
n/a
Short-Term Bullish
532856BSETime Technoplast LtdDiamond Bottom
144.15
182.00 – 191.00
Intermediate-Term Bullish
533296BSEFuture Market Networks LtdEngulfing Line (Bullish)
102.75
n/a
Short-Term Bullish
539448BSEInterGlobe Aviation LtdEngulfing Line (Bullish)
962.50
n/a
Short-Term Bullish
540047BSEDilip Buildcon LtdDouble Bottom
848.50
1,053.00 – 1,101.00
Intermediate-Term Bullish
570001BSETata Motors LtdInside Bar (Bullish)
143.80
n/a
Short-Term Bullish
DBLNSEDilip Buildcon LtdDouble Bottom
849.45
1,044.00 – 1,091.00
Intermediate-Term Bullish
DHAMPURSUGNSEDhampur Sugar Mills LtdMegaphone Bottom
91.80
106.00 – 110.00
Intermediate-Term Bullish
ESABINDIANSEEsab India LtdDouble Bottom
694.90
757.00 – 775.00
Intermediate-Term Bullish
HSCLNSEHimadri Speciality Chemical LtdDouble Bottom
144.95
177.00 – 184.00
Intermediate-Term Bullish
INDIGONSEInterGlobe Aviation LtdEngulfing Line (Bullish)
965.35
n/a
Short-Term Bullish
INDNIPPONNSEIndia Nippon Electricals LtdEngulfing Line (Bullish)
494.20
n/a
Short-Term Bullish
JSLNSEJindal Stainless LtdHammer
56.90
n/a
Short-Term Bullish
LAXMIMACHNSELakshmi Machine Works LtdHammer
7,496.70
n/a
Short-Term Bullish
MANAPPURAMNSEManappuram Finance LtdDiamond Bottom
109.45
117.00 – 119.00
Intermediate-Term Bullish
MASTEKNSEMastek LtdInside Bar (Bullish)
542.10
n/a
Short-Term Bullish
MIRCELECTRNSEMIRC Electronics LtdEngulfing Line (Bullish)
33.40
n/a
Short-Term Bullish
NHPCNSENHPC LtdEngulfing Line (Bullish)
23.90
n/a
Short-Term Bullish
RTNINFRANSERattanIndia Infrastructure LtdContinuation Wedge (Bullish)
3.85
11.25 – 12.75
Long-Term Bullish
TATAMTRDVRNSETata Motors LtdInside Bar (Bullish)
143.50
n/a
Short-Term Bullish
THOMASCOOKNSEThomas Cook India LtdOutside Bar (Bullish)
263.35
n/a
Short-Term Bullish
TIMETECHNONSETime Technoplast LtdDiamond Bottom
143.95
182.00 – 191.00
Intermediate-Term Bullish
ZENTECNSEZen Technologies LtdHammer
87.65
n/a
Short-Term Bullish

(W) denotes a weekly event.
(M) denotes a monthly event.

© 2018 Recognia Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Recognia and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by ShareKhan, Recognia Inc. or its content providers in respect of the investment in financial instruments. Neither ShareKhan nor Recognia Inc. nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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Technical Analysis When to Trade

Technical Analysis When to Trade

Technical Analysis When to Trade

The keys to successful Trading or Investing in the Stock Market are knowledge, discipline, and patience. Assuming that, you have some knowledge, the best way to achieve discipline and patience is doing your homework and having a plan of action ready before putting that plan to work. Though it may not guarantee success it will definitely increase the odds of winning in any financial market. When it comes to applying those technical principles, the most difficult part of the process is the actual purchase or sale in the trading.  The final decision as to when to trade, how to trade and how much to trade and the type of trading orders to imply.
Day Trading has also the same principles of any financial market. The only real difference is the timing as it covers the very short term. The time frame that concerns us here is measured in hours, minutes and seconds as opposed to days, weeks and months but the technical tools implied remains the same.
(i) Trading on the break out from Patterns
(ii) Trading in overbought/ oversold zone
(iii) Trading at support and resistance level
(iv) Trading at the breaking of trend lines
(v) Trading at the percentage replacement
(vi) Trading while making the use of gaps
(vii) Trading on negative and positive divergences 

The most effective way to formulate a trading strategy is to combine all of them. After the initial decision to buy or sell has already been made the above concepts can be used to fine-tune entry or exit points. Use of Stop Loss and applying of strict discipline will definitely help one become a successful trader. 

Read more...