Swing Trade in ICICI Bank

A bullish harami pattern has been formed in the icic bank on daily time frame.

A bullish harami is formed when the previous bar is a big red bar and the current bar is a green bar and it looks like red bar is carrying a green bar as a child.

Target can be set as 240 as it has been a good resistance twice in the past.

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Websites for fundamental analysis of stocks

Personally, I like the one below. There are some others too.
 http://www.screener.in/

1.Balance sheet Comparison

http://economictimes.indiatimes.com/...nyid-13554.cms

The economic times used to gives data backing to 1990s.But now they seem to limit it to 5 years. But neat compilation and mostly accurate data.

2. Stock Screener 

http://www.edelweiss.in/Tools/screener.aspx

Edelweiss.You can screen stocks based on PE, Dividend Yield, Mcap and EPS.

3.Company snapshot

http://investing.businessweek.com/re...ticker=SOTL:IN

For a quick snapshot of what the company does.Very useful for the first look at a company you think of investing.



4. Current Performance

http://www.edelweiss.in/company/ITC-Ltd.html

Again Edelweiss. Excellent website. You can find almost anything from ROE to 3year CAGR profit/Sales

5. Latest company announcements

http://www.corpfiling.co.in/InsiderT...erTrading.aspx

Though this website gives almost every information the most important according to me is the insider trading details it provides on a daily basis. The site may sometimes give server error may be due to the huge traffic but the finding information part is very easy.

6. Brokerage reports

http://www.valuenotes.com/

A comprehensive collection of brokerage reports. Reports from almost everyone and has almost all companies.You will most probably find atleast one report on even unheard companies.Excellent website and best of all it is free and you dont even have to register.

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How one trader made $2.4 million in 28 minutes by a tweet

An options trader made more than $2.4 million based on a single news wire in just 28 minutes. Nice work if you can get it.

 

Quicker than any human seemingly could have done it, someone—or rather something—bought $110,530 worth of cheap options on Altera, a company that makes digital circuits. Over the next several minutes and until the end of the day, as humans digested Mattioli’s takeover rumor at human speed, Altera’s stock price rose. When all was said and done, those cheap options had resulted in a $2.4 million profit. Speculation immediately centered on the idea that an automated program (a “bot”) had scanned the tweet, interpreted its meaning, and instantly bought those options based on an algorithm.

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Trade with Doji in intraday

It is similar to spinning tops but it has a very small body. It also represents indecision in markets. Neither bulls nor bears are in control.

Generally. the trend reverses from that point. So, its better to take some profits off the table when this is formed. 

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Trade with spinning tops in intraday

Japanese candlesticks with a long upper shadow, long lower shadow and small real bodies are called spinning tops. The color of the real body is not very important.

The pattern indicates the indecision between the buyers and sellers.

If we are already holding a position and in good profit then we can book profit as the trend might might reverse from this point.

 

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Trading with Shooting star in Intraday or delivery

It is single candlestick pattern It is the exact opposite of hammer.

For reversal from uptrend to downtrend the following conditions should met.
1. Occurs after uptrend.
2. Should form at resistance
3. Ofcourse high volume (buyers should get trapped).

The name shooting star is apt as the prices keep falling after that like a shooting star until it touches to the ground (which is support in our case).

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How to trade with hammer in intraday

Hammer is a pattern which has small body compared to the tail.

For intraday, we will look at 5 min time frame.

It generally leads to trend reversal from downtrend to uptrend but there are some other conditions that should occur for this to happen.
1. Volume should be there.
2. Previous downtrend.
3. Hammer with a good tail.
4. It should not overlap with at least previous 14 bars. For this I use stochastics oscillator.

This pattern formed today in Crisil.

Another trade that I made on Lupin using a hammer pattern.

 

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