It is formed when the market opens and bullish traders push prices up whereas the bearish traders reject the higher price and push it back down.
It could also be that bearish traders try to push prices as low as possible, and the bulls fight back and push the price up.
The upward and downward movements that happen between open and close form the wick.
The body is formed when the price closes at or almost the same level as it opened.
There are 4 types of Doji candles
Source Elearnmarkets and Investing. com
👉Common Doji
This is the most common type of Doji candlestick pattern.
When buying and selling are almost the same, this pattern occurs.
The future direction of the trend is uncertain as indicated by this Doji pattern
👉Long-Legged Doji
As the name suggests this is a long-legged candlestick pattern.
When the supply and demand factors are at equilibrium, then this pattern occurs. The trend’s future direction is regulated by the prior trend and Doji pattern.
👉Gravestone Doji
This pattern is found at the end of the uptrend when supply and demand factors are equal.
At the day’s low, the candlestick opens and closes. The future direction of the trend is regulated by the prior trend and Doji pattern.
Dragonfly Doji
This pattern appears at the end of the downtrend when the supply and demand factors are at equilibrium.
Doji Example:
here Mayur Uniquoters Ltd, we see that at the end of the uptrend a Doji is formed which is indicating that the ongoing trend has become certain. it is then followed by the Dark Cloud Cover candlestick pattern that confirms that the reversal is going to take place
TCS: Co. Approved Rs 18,000 Cr buyback at Rs 4,500 per share today
👉Let us know a brief on buyback.
👉 What is buyback , how will it benificial for shareholders and company itself.
Read the whole thread 🧵, if you like it plz share
👉A buyback of shares is buying back of own shares by a company that was issued earlier. It is a corporate action event wherein a company makes a public announcement for the buyback offer to acquire the shares from existing shareholders within a given timeframe.
The buyback of shares is also known as a stock buyback or repurchase of shares. The company announces an offer price for the buyback that is generally higher than the current market price.
There are few important patterns in Dow Theory. Trader can use these patterns to identify trading opportunities. Some of the patterns are:
👉Double bottom & Double top formation
👉Triple Bottom & Triple Top
👉Range formation
👉Flag formation
Source Zerodha Varsity.
A double top & double bottom is considered a reversal pattern. A double bottom occurs when a stock’s price hits a shallow price level and rebounds back with a quick recovery.
Technofunda Study
Potential Upside (20-50% in 3-5 months)
Technocraft industries
KirloskarFerrous
Thread on business , details and chart are attached below.
This is not a buy/sell recommendation
Do ur own study before invest in it.
Don't buy in hurry , wait for opportunity
Technocraft Industries was incorporated in 1992. It has presence in five main business industries viz., Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Engineering Services.
Company has manufacturing facilities in India and China
Scaffolding and Formwork (38%)
It is a temporary structure used to support people and material in the construction industries, real estate and any other large structures. It is a modular system of metal pipes or tubes , exports approximately 70% Scaffolding Formwork out of india
Thread of Some mistakes retail traders/investors do
Would appreciate Retweet ,like/share as it helps many new people in market and encourage us to work more for our followers. #trading#investing
👉 Cutting winners too soon
This is a very common mistake. New traders are too quick to take a small profit when a position starts to go their way and miss the really big move. Be patient with winning trades.
👉Perhaps, it's human nature to take small gains. However, to really make a lot of money trading, you should try to be very profitable on a few trades.