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KSE-100


137 replies to this topic

#1
kashif

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    Posted Image
    aoa,
    on 22 dec the index made a hammer,its a major reversal candle,with confirmation on next day closing,for reference,im quoting a definition,.

    1. The real body is at the upper end of the trading range. The color of the real body is not important.
    2. A long lower shadow should be twice the height of the real body
    3. It should have no, or a very short, upper shadow.

    Hammer is considered to be more bullish if it has no upper shadow,and the real body is white

    ,market opened at previous close,or in this case a little negative, it sharply sells off and

    in the end close near or at open. should not confuse it with doji,in doji the sell off is

    not sharp or not big enough, but in the case of Hammer it sell of heavily and then came back.

    on 22 dec.it opened negative ,made intraday high of 9943,some +26 points,making a

    small real body,then made a low of 247 points,in the process making a long lower shadow,

    recovered some 197 points, to close near the open. What needs to be seen is the

    confirmation, which should be a big marabozu white candle, closing above Hammer open.

    Another important thing is the gap,if there would be one,the higher the gap between hammer

    and the corresponding candle, the more strongly it indicates a bottom.

    So, Lets hope that on tuesday market open at some significant gap and it close above

    hammer,that would indicate a possible bottoming out of the index. or atleast groping for a

    bottom. If u ask me, the fact that in downtrend even the appearence of Hammer is a healthy

    sign.
    Regards,Kashif


    #2
    Sid2

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    View Postkashif, on Dec 24 2006, 08:57 PM, said:

    So, Lets hope that on tuesday market open at some significant gap and it close above
    hammer,that would indicate a possible bottoming out of the index. or atleast groping for a
    bottom. If u ask me, the fact that in downtrend even the appearence of Hammer is a healthy

    sign.
    Regards,Kashif
    Let us hope there is a confirmation, Kashif bro.

    If only the SECP were to accept the verdict of the Lahore High Court & trading in CTTL re-opens, then a big hurdle for the bulls would be removed ....

    #3
    AbDuLmAtEeNkHaN

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    View Postkashif, on Dec 24 2006, 07:57 PM, said:

    Posted Image
    aoa,
    on 22 dec the index made a hammer,its a major reversal candle,with confirmation on next day closing,for reference,im quoting a definition,.

    1. The real body is at the upper end of the trading range. The color of the real body is not important.
    2. A long lower shadow should be twice the height of the real body
    3. It should have no, or a very short, upper shadow.

    Hammer is considered to be more bullish if it has no upper shadow,and the real body is white

    ,market opened at previous close,or in this case a little negative, it sharply sells off and

    in the end close near or at open. should not confuse it with doji,in doji the sell off is

    not sharp or not big enough, but in the case of Hammer it sell of heavily and then came back.

    on 22 dec.it opened negative ,made intraday high of 9943,some +26 points,making a

    small real body,then made a low of 247 points,in the process making a long lower shadow,

    recovered some 197 points, to close near the open. What needs to be seen is the

    confirmation, which should be a big marabozu white candle, closing above Hammer open.

    Another important thing is the gap,if there would be one,the higher the gap between hammer

    and the corresponding candle, the more strongly it indicates a bottom.

    So, Lets hope that on tuesday market open at some significant gap and it close above

    hammer,that would indicate a possible bottoming out of the index. or atleast groping for a

    bottom. If u ask me, the fact that in downtrend even the appearence of Hammer is a healthy

    sign.
    Regards,Kashif

    BARO :( KEEP IT UP KASHIF BHAI

    Posted Image




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    #4
    alam

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    View Postkashif, on Dec 24 2006, 09:57 PM, said:

    Posted Image
    aoa,
    on 22 dec the index made a hammer,its a major reversal candle,with confirmation on next day closing,for reference,im quoting a definition,.

    1. The real body is at the upper end of the trading range. The color of the real body is not important.
    2. A long lower shadow should be twice the height of the real body
    3. It should have no, or a very short, upper shadow.

    Hammer is considered to be more bullish if it has no upper shadow,and the real body is white

    ,market opened at previous close,or in this case a little negative, it sharply sells off and

    in the end close near or at open. should not confuse it with doji,in doji the sell off is

    not sharp or not big enough, but in the case of Hammer it sell of heavily and then came back.

    on 22 dec.it opened negative ,made intraday high of 9943,some +26 points,making a

    small real body,then made a low of 247 points,in the process making a long lower shadow,

    recovered some 197 points, to close near the open. What needs to be seen is the

    confirmation, which should be a big marabozu white candle, closing above Hammer open.

    Another important thing is the gap,if there would be one,the higher the gap between hammer

    and the corresponding candle, the more strongly it indicates a bottom.

    So, Lets hope that on tuesday market open at some significant gap and it close above

    hammer,that would indicate a possible bottoming out of the index. or atleast groping for a

    bottom. If u ask me, the fact that in downtrend even the appearence of Hammer is a healthy

    sign.
    Regards,Kashif

    Congrats. U got it right. Now for some individual scrips which are about to break out :(

    #5
    Stock Guru

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    mashallah kashif bhai keep it coming.

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    #6
    kashif

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    Posted Image


    aoa,
    Although index closed above hammer of 22nd december,a little more gap up opening would have been much better,and shaven candle with no upper lower shadow,but we take it as it is..the pattern created now is a morning star, remains to be seen offcourse how much index sustain itself above 10k, as there was some true buying indicated by low volume,not much increase in CFS, and future position. Future spread is a concern as it show some short position still existing.
    As u can see in the chart, there is also confirmation from CCI of a pullback,albiet a short term,but looking at historically in the line of CCI, whenever a HFE came,that is Hooking from Extreme, index did made some short term rally....so lets hope for the best.
    support is at 9934----9894---9829---9764
    resistance is at 10039--10104----10144---10184
    regards
    Kashif






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