Share for wider reach, so that people don't spend on costly softwares like Falcon/Spider π
1οΈβ£ TERMINAL LOOK
This is how the terminal looks like when you open it. You might be confused but we're here to help you out.
2οΈβ£ DEVICE WATCHLISTS
The terminal has 3 underlying watchlists.
(FnO/Nifty50)
Rest you can add as per your wish
3οΈβ£ PREDEFINED WATCHLISTS
Here we can find each and every sector watchlists. When you click on them you'll get the stocks that are in that particular sector.
Can be helpful for sectoral Analysis.
4οΈβ£ RESEARCH RECCOMENDADTION
Here @EdelweissFin provides stocks and good scripts for trading and investment.
- Origin: Charles Dow, co-founder of the Wall Street Journal and Dow Jones & Company, formulated Dow Theory in the late 19th century.
- Development: Dow's theory was based on his editorials in the Wall Street Journal where he analyzed the behavior of the stock market.
- Significance: This theory is the cornerstone of technical analysis, providing a systematic approach to understanding market trends and behaviors. It laid the groundwork for many other technical analysis theories.
2οΈβ£ Basic Principles of Dow Theory
- Market Discounts Everything: All available information, including news, earnings reports, and even future expectations, is already reflected in stock prices. Therefore, analyzing price movements alone can provide insights into market behavior.
- Three Trends:
- Primary Trends: Major movements lasting from months to years. They represent the overarching direction of the market.
- Secondary Trends: Intermediate corrections or reactions against the primary trend, lasting from weeks to a few months. They are often seen as pullbacks in an uptrend or rallies in a downtrend.
- Minor Trends: Short-term fluctuations lasting from days to a few weeks, often seen as noise within the larger trends.
- Trends Have Three Phases:
- Accumulation Phase: Informed investors start buying or selling stock against the prevailing trend.
- Public Participation Phase: The broader market catches on, and price movements become more pronounced.
- Distribution Phase: Informed investors begin to sell off their holdings to the less informed public, typically marking the end of the trend.
- Confirmation and Volume: A trend must be confirmed by price movements across major market indices and should be supported by trading volume.
- Trends Continue Until a Clear Reversal: Market trends are expected to persist until definitive signals indicate a reversal, even amidst temporary fluctuations.
13 Stock Chart Patterns that You should know ππΉ
A thread ππ¬
On a very basic level, stock chart patterns are a way of viewing a series of price actions that occur during a stock trading period. It can be over any time frame β monthly, weekly, daily, and intra-day.
If you can learn to recognize these patterns early, they will help you to gain a real competitive advantage in the markets. Just as technical indicators can help your technical analysis trading, stock chart patterns can contribute to identifying trend reversals and continuations.