Category Archives: Evening Star

The star patterns are the most common and among the most effective patterns in candlestick. They consist of a three candle pattern. The middle candle is flanked by two long bodied candle of opposing colors. It does not matter what color the middle candle but it must meet two criteria. One it should be small body candle. Two it should leave a gap with the first candle. A gap with the third candle is not necessary but would show strength of the next move it present. The third candle must penetrate significantly into the body of the first candle and should be of the opposing color as the first one. The greater the penetration, the better the pattern. The three together are knows as the star. Depending upon its position in the trend, it is either known as a Morning Star (at the bottom) or Evening Star (at the top).

Nifty Weekly Technical Outlook for 08th July, 2013

Nifty as on 5 July, Weekly Chart

Nifty as on 5 July, Weekly Chart

Nifty Technical Analysis, Daily Chart

Nifty Technical Analysis, Daily Chart

Be Flexible to ride the choppy move…

Sometimes market gives you a chance to earn and builds your confidence, and sometimes its thrash away your gained confidence, and you start doubting yourself, whether I was right or wrong. If you just try to interpret story of market legendary then you will learn that this legends has struggled with their ego, with their emotions, and accepted all the challenges they came across and gradually they succeeded to defeat them. I used word gradually, because its not one day job, its ongoing process for every traders.[stextbox id=”info” direction=”ltr” shadow=”true” float=”true” align=”right”]To Know about Option Alphas Click here[/stextbox]

Last week, market thrown challenge to every trader and many got trapped, many felt disheartened and many started evaluating new strategy for the market. Let us confess, we are not immune to this phenomenon.

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