Stock Market Education

20.10.2019 AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 30 SPINNING TOP (One Candlestick Pattern   Description: The spinning top candlestick opens at (or near) its average price (i.e. its middle), and closes at a similar (but not exactly the same) price, showing that the time frame consisted of both bullish and bearish trading. Criteria 1. Trend should be Up or Down for a good period. 2. The longer shadow in the both side with the small body. 3. The color of the small body is not important. 4. For confirmation the day after the Spinning Top signal opens lower or higher or sustain below / above the closing of the previous candle. 5. Large volume on the Spinning Top day increases the chances that a blow-off day has occurred although it is not a necessity. 6. Stop loss will be above the Spinning Top or below the Spinning Top. 7. Target 1:2 Ratio minimum for more modify stop loss time to time. Pattern psychology: As we s...

20.10.2019 AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: GUJARAT STATE PETRONET LTD (CMP 209)  ENTER LEVEL – 200 TO 203 STOP LOSS  180 TARGET 400-500 IN 48 MONTHS GSPL, a GSPC Group company is a pioneer in developing energy transportation infrastructure and connecting natural gas supply sources including LNG terminals to growing markets. GSPL is continuously expanding its pipeline network currently in Gujarat to reach the demand centres by laying gas pipeline network. The company has developed requisite expertise and confidence with proven project management competencies. GSPL is first  Pipeline Company in India operating on open access basis and is a pure transmission network. The suppliers of natural gas include traders, producers and LNG terminals. The users comprise industries such as power, fertilizer, steel, chemical plants and local distribution companies. Company is having 2692 kms (as on 31st March,2019) of gas pipeline commissioned from Va...

20.10.2019 AAKASHAYA PATRA WEEKLY MARKET OVERVIEW As the Deepawali week neared, the Bulls slowly made a come-back. To the relief of the Market Participants, the Trend across time-frames has now turned Bullish. The entire week saw the Bulls dominating the proceedings, as each day the Nifty managed a higher closing. It exactly happened as mentioned in the previous week's article, that a close above 100dma would lead the Nifty to previous intermittent top of 11692. Now the Nifty will be eyeing the strong Resistance in the form of weekly Bearish Gap between 11771-11797. A close above this Resistance level will lead the Nifty to previous top in no time. Henceforth every dip should be treated as a buying opportunity. Technically Speaking :- Sensex opened the week at 38208, made a high of 39361, low of 38066 and closed the week at 39298. Thus it   closed the week with a gain of 1171 points. At the same time the Nifty opened the week at 11335, made a high of 11684, ...

13.10.2019 AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART 29 : Three White Soldiers/ Three black Soldiers Three white soldiers is a bullish candlestick pattern that predicts the reversal of a downtrend. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high. These candlesticks should not have very long shadows and ideally open within the real body  of the preceding candle in the pattern.(vise-varsa for three black soldiers) The three white soldiers candlestick pattern suggests a strong change in market sentiment. Without any significant shadows , the market opens slightly lower, the bulls take over the rally all session and close near the high of the day. The pattern may appear during periods of consolidation or following a prolonged downtrend, but the latter represents the most attractive opportunity for traders to take lon...

13.10.2019 AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: GRANULES INDIA LTD (CMP 100)   ENTER LEVEL – 95 TO 100 STOPLOSS 85 TARGET 130-150 IN 12 MONTHS Granules India Limited is a largescale vertically integrated Company founded in 1991 manufacturing Active Pharmaceutical Ingredient (API), Pharmaceutical Formulation Intermediate (PFI) and Finished Dosage (FD). With a strong presence across all three vertical, the Company has created a leadership position in the off-patent drugs segment along with ensuring a strong presence in 'first line of defense' products such as Paracetamol, Ibuprofen, Metformin and Guaifenesin. The Company,in line with its vision "to be the global leader in pharmaceutical manufacturing by process innovation and unparalleled efficiencies" has a global presence across 60+ countries servicing over 250 customers. With exports comprising over 80 percent of total revenue, Granules is today the preferred supplier for some of the wo...

13.10.2019 AAKASHAYA PATRA WEEKLY MARKET OVERVIEW: As pointed out in the previous week's article, the market took Support at the Support Zone (11178-11090) mentioned last week. Despite being a truncated week, there was no shortage of Volatility. Each day saw both Sensex and Nifty drifting down and taking Support at the 50dma, and then bouncing back. Interestingly, the 100dma (Nifty11407) is now acting as a Resistance. A close above the 100dma will lead the Nifty to 11692, and a close above that will lead the indices to new highs. A bearish break of the 50dma (11087) will take the Nifty down to critical Support zone near 10700. Since the indices have managed to turn the Trend Bullish, one can look for opportunities to buy at lower levels. Technically Speaking :- Sensex opened the week at 37853, made a high of 38345, low of 37415 and closed the week at 38127. Thus it closed the week with a gain of 454 points. At the same time the Nifty opened the week at 1119...

06.10.2019 AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 28   Fibonacci Extension in Down Trend Below are two internal trend (Swing) 1) Primary Trend ( Main Trend - Long Term Trend) 2) Secondary Trend (Correction Phase) where price is growing / decline against primary trend Fibonacci Extension in Down Trend mainly use to forecast the future probable support level of the price, once correction in the Down Trend is over Now how we can identify that correction in the Down Trend is over...Its a very simple...when stock price crossed the "point B" it means when it cross it previous support price where previously it was supported, if that price break out the last support price that means correction phase is over and stock might be fall further dawn ward side to match direction with its Primary Trend (Down Trend) and will make new Lower High and Lower Low which will be Lower side as compare to its previous high and low Now how to use Fi...

06.10.2019 *AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:*  NCL INDUSTRIES (CMP 99)   ENTER LEVEL – 85 TO 90 STOPLOSS 70 TARGET 100-150 IN 24 MONTHS NCL Industries Ltd is a leading manufacturer of cement under the brand name Nagarjuna Cement & Cement Bonded Particle Boards under the brand name Bison Panel. The company derives over 80% of its revenues from the cement business operating mainly in south India with an annual installed capacity of 2.70 million tons. The rest of the sales come from segments like cement bonded particle board, ready mix concrete and hydro power. Company is having 90000 sq metres cement boned particle board manufacturing capacity. It is also having 4 ready mix concrete units and also having 15.75 MW hydro power capacity.It has an equity base of just Rs.45.23 crore that is supported by reserves of around Rs.454.43 crore. It has a share book value of Rs.110.47 per share & price to book value ratio stood at just 0.89x. Th...

06.10.2019 *AAKASHAYA PATRA WEEKLY MARKET OVERVIEW:*  Last five days have formed bearish black body candles which have seen the Nifty giving away almost 500 points from the recent intermittent top of 11694. In the wake of current economic distress, RBI cut Repo rate by 25bps which was not taken kindly by the Market. Market was not only expecting a higher rate cut but also some concrete measures to boost dwindling Growth. Call it a Correction or a sharp Retracement of the 1000 points rally of Nifty or 3500 points rally on the Sensex, we are currently placed at 50% Correction level. On the way,Market has managed to breach key Support levels especially the recent weekly Bullish Gap. Interestingly we are at strong Support Zone (Nifty 11178-11092) which will hopefully provide some Support and a reason to bounce . Technically Speaking :- Sensex opened the week at 38873, made a high of 38923, low of 37633 and closed the week at 37673. Thus it closed the week with a lo...