Hammers have a small real body and a long lower shadow.
Hammers occur after a price decline.
The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open.
The close can be above or below the open, although the close should be near the open in...
1. Find stocks which trading in a range. Longer the range - the bigger the move.
2. Wait for price to show strength. Don't jump all in at the breakout. Gradually build positions. Take a small position at breakout and a bigger one at pullback continuation.
ZEEL has retraced to level 1 on fib series. and has been facing resistance at this level.
Keep an eye on this media house.. Beyond 233 it can give a swift upmove towards 300.. which is the next fib level. Only good for investment above the fib level of 233.
Currently the stock is out of its long term down trend by breaking the fall trendline resistance and has...
A *LONG HEDGE *
REFERS TO A FUTURE POSITION
THAT IS ENTERED INTO FOR
THE PURPOSE OF PRICE STABILITY
ON A PURCHASE.
LONG HEDGE ARE OFTEN USED BY COMPANIES
THAT KNOW THEY NEED TO PURCHASE A COMMODITY
IN THE FUTURE AND WANT TO LOCK
IN THE PURCHASE PRICE.
THE LONG FUTURES POSITION MEANS
THE BUYER OF THE COMMODITY IS
MAKING A BET THAT THE
PRICE OF THE...
The pair ratio has corrected to long term crucial turning point (range).
It is also standing at 61.8% retracement of rally from Jan'18 - Feb'19
RSI is in oversold territory
Going by history, the pair ratio is ripe for reversal from 38.58 now, to potentially 44+