Figyan

CA Bigyan Kumar Mishra

is a fellow member of the Institute of Chartered Accountants of India.He writes about personal finance, income tax, goods and services tax (GST), company law and other topics on finance. Follow him on facebook or instagram or twitter.

Understanding Double Top and Double Bottom Patterns in the Stock Market

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In the world of stock trading, recognizing chart patterns is crucial for making informed decisions. Two significant patterns that traders often analyze are the Double Top and Double Bottom. These formations provide insights into potential market reversals and can greatly influence trading strategies.This article will explore the meanings, characteristics, and … [Read more...] about Understanding Double Top and Double Bottom Patterns in the Stock Market

3 best trend reversal chart patterns for traders and investors

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Reversal price chart patterns allow you to spot trend reversals on a long or shorter timeframe. It allows you to take profit when the market is changing from bullish to bearish or bearish to bullish.In our earlier article, we have discussed about classic continuation chart patterns that traders love to trade.The double top and bottom, triple top and bottom, and the … [Read more...] about 3 best trend reversal chart patterns for traders and investors

Moving average crossovers – Is golden and death cross an effective indicator to trade

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A moving average in technical analysis is used as a tool that smooths out price data by constantly creating updated average prices. In general, common moving average (MA) lengths are 8, 9, 10, 13, 20, 21, 34, 50, 55, 100 and 200. Traders prefer to use two short-term and one long-term moving averages in their charts. You can even use one short-term and one long-term … [Read more...] about Moving average crossovers – Is golden and death cross an effective indicator to trade

What is open Interest (OI) in futures

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The total number of outstanding or unliquidated contracts at the end of the day is known as open Interest.This means, by knowing open interest (OI) numbers, you will know how many contracts are currently open or held by buyers or owed by sellers in any derivative market, such as futures or options..Open interest applied primarily to future markets.A contract must … [Read more...] about What is open Interest (OI) in futures

What is ABCD Patterns and how to trade it

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In technical analysis, we have different chart patterns to understand crowd psychology. One of such chart pattern is known as ABCD.ABCD pattern forms when prices move higher or lower, followed by a flag pattern and then continue in the direction of the prevailing trend. The ABCD pattern is based on the principle that stock prices move in waves. You will find this pattern … [Read more...] about What is ABCD Patterns and how to trade it