Stock chart patterns are simply a visual representation of the prices buyers and sellers bought and sold at in the past. There is no magic in a chart pattern they just show you what happened in the past and what has a higher probability of happening in the future. The best use of chart patterns is to take a wider view of the trend on your time frame of choice and follow the path of least resistance.  A chart pattern can show that a stock is in a range with defined resistance and support. A chart could also show an uptrend of higher highs and higher lows or a downtrend of lower ..read more

 Float in a stock is the number of shares of a company that is currently trading publicly on the exchange and is available for traders and investors to buy and sell. The stock float is calculated by taking a company’s total issue of outstanding shares and subtracting any restricted stock. Pre IPO investors, employees and founders can’t sell their restricted shares because they can be in a lock-up period for a time following the IPO usually between 90-180 days. Executives and insiders many times can also be restricted from selling shares around earnings announcement dates.  This occur ..read more

 he Golden Cross stock trading strategy is an example of a simple long term trend following system. This is one of the most popular and famous bullish moving average crossover signals that is watched and talked about on financial media when they occur on major indexes. The second most popular being the loss of the 200-day moving average on a stock market index like the S&P 500 or the Dow Jones Industrial Average. The Golden Cross happens on a stock chart when the 50-day simple moving average crosses over the 200-day simple moving average and stays above until the end of the day. This ..read more

  US markets closed higher. But it has given up half of the gains in last hour. Asian markets are mostly positive. SGX Nifty crossed 14050 yesterday night but now trading around 13970. Still this will be a gap up of more than 100 points. Nifty has fallen more than 1000 points intra month in Jan series. Bank Nifty has fallen more than 3000 points intra month in Jan series. Last month FIIs began with more than 75% long in F&O. This month it is only 62%. Markets are light going in to budget. Decissive direction will be set only after budget. For very short term, 50DMA of 13700 is a goo ..read more

 One of the best stock screening filters for finding growth stocks are the parameters of the CAN SLIM Investing System that was created by William J. O’Neil. These parameters were quantified by his study of the fundamental company metrics of the largest winning stocks in the history of the U.S. stock market going back over 130 years. The stocks that historically met these guidelines were the ones that eventually created the majority of the Alpha in the stock market over the long term during bull market cycles. He looked for the fundamentals that companies in the first stages of ..read more

 Chart patterns are visual representations of the behaviors of buyers and sellers around different price levels. Chart patterns are bullish when a chart is making higher highs and higher lows, they are bearish when they are making lower highs and lower lows, and range bound when they have defined support and resistance levels and no trend.  Trading chart patterns is primarily momentum trading where a breakout of an existing pattern is the signal to enter a trade. Technical traders use the breakout of an existing trendline in a pattern to establish an entry point. After they ..read more

 Jim Simons is one of the most successful hedge fund managers in history. He is a trained mathematician and quantitative trader and the founder of Renaissance Technologies. His hedge fund specializes in diversified system trading using individual quantitative models derived from statistical analyses of historical price data. His primary models are on pattern recognition. Jim Simons was a mathematics professor from 1968 to 1978, and chair of the mathematics department at Stony Brook University. He started in the hedge fund industry in 1982. His net worth is currently approximately $2 ..read more

  Reading price action is the art and science of trading by understanding the interaction of buyers and sellers as measured by prices on a chart. Many pure price action traders remove all technical indicators from their charts and trade price alone. Some consider price action trading the purest form of technical trading and technical indicators as just derivatives of price. Many traders prefer to use price action alone for their trading decisions.  Reading the price action on a chart can allow a trader to see several things. Key price levels of price support.  Key price l ..read more

  US markets closed higher on Friday. But they closed much lower form intraday high. Over the weekend, Pelosi has set Tuesday as deadline for Stimulus talks. So hopes are reviving again on Stimulus front. So Asian markets are higher. SGX Nifty is up nearly 80 points. That is a big gap up. China data is mixed. Retail sales was up but GDP data is below street expectation. For last two trading sessions, both FIIs and DIIs were net sellers. IT stocks fell despite good results. Reliance broke 2200. These are negative news. On positive side, we have better Global cues. FIIs in F&O seems to ..read more

  US markets closed lower. When our markets closed here yesterday, Dow future was down more than 300 points. But Dow recovered most of the losses to close just 20 points lower. Asian markets are mixed. We must remember, problem started after European market opened, by that time East Asian markets are closed. So East Asian markets did not react negatively yesterday for Europe lockdown fear, US Stimulus problem. Indian markets were OK until 1 pm and markets fell drastically after 1 pm only. Yesterday's market was similar to Sep 24. Even HDFC Bank fell Rs 50 and that is too much. This is a ..read more