Pro Trader Telugu Final
Pro Trader Telugu Final
Pro Trader Telugu Final
Analysis Workshop
By
Mr. V.Subba Reddy
SB – Angel Broking
AMFI Registered MF Distributor
By
Mr. M.Nagaraju
Trader
• Create rules around the concept (after eyeballing 100s of charts) –clear
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entry and exit rules (lesser the number of rules, better it is).
• Test it for sample quarters (1 qtr per year is ideal –10+ years) and see if
it has an edge.
• More often than not, your rules will reflect your understanding of mkts
(Breakout vs pullback and reversal).
• Back test it for larger sample size once sample testing is over with.
• Create MM plan and start executing (taking the system live)
• Price action trading is a form of trading where trader takes trades based
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TYPE DURATUION
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START TRADING 1-Month Live trading with small qty. (amt: 5000/-)
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What is Candlestick?
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High High
Upper Wick Upper Wick
Close Price Open Price
Open Close
High Low
Close Open
Low Low Low
Identification Criteria:
• Open and Close are almost equal. • Long Legged: Interpretation is Neutral.
• All Doji’s are Colourless. • Dragonfly: Bullish Candle, Should form at Low.
• This is a Sign of Uncertainty. • Gravestone: Bearish Candle, Should form at High.
• After Doji, look for the Next Pattern.
Hammer (Bullish Pattern)
Open Close
Low Low
Identification Criteria:
1. Down trend.
2. Lower Shadow at least twice as big with compared to Real Body.
3. Real Body is Bullish or Bearish. Better if Bullish.
4. Conformation candle must close above of the hammer candle.
Inverted Hammer (Bullish Pattern)
High High
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Close Open
Open Low Close Low
Identification Criteria:
1. Down trend.
2. Upper Shadow at least twice as big with compared to Real Body.
3. Real body is Bullish or Bearish. Better if Bullish.
4. Conformation candle must close above of the Inverted Hammer (Close Price).
Shooting Star (Bearish Pattern)
High High
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Close Open
Open Low Close Low
Identification Criteria:
1. Up trend.
2. Upper Shadow at least twice as big with compared to Real Body.
3. Real Body Bullish or Bearish. Better if Bearish.
4. Conformation candle must close below of the shooting star candle.
Hanging Man (Bearish Pattern)
Open Close
Low Low
Identification Criteria:
1. Up trend.
2. Lower Shadow at least twice as big with compared to Real Body.
3. Real Body Bullish or Bearish. Better if Bearish.
4. Conformation Candle must close below of the Hanging Man (Close Price).
Marabozu
Identification Criteria:
▪ Particular pattern should continue.
▪ Rare Candle.
DOUBLE CANDLESTICKS
Bullish Piercing Pattern
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Mean
Identification Criteria:
1. Downtrend.
2. It continue the downtrend with Bearish Candle.
3. After Bearish candle in down trend, the next candle should open with Gap Down and it
continue with Bullish Candle.
4. Bullish candle must close the above 50% of previous bearish candle.
Dark Cloud Cover
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Mean
Identification Criteria:
1. Uptrend.
2. It continue the uptrend with Bullish Candle.
3. After Bullish Candle in up trend, the next candle should open with Gap Up and it continue with
Bearish Candle.
4. Bearish candle must close the below 50% of previous bullish candle.
Bullish Engulfing Pattern
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Identification Criteria:
1. Downtrend.
2. It continue the downtrend with Bearish Candle.
3. After Bearish candle in down trend, the next candle should open with Gap Down and it continue with
Bullish Candle.
4. Bullish candle must close the above of previous bearish candle (Open Price).
Bearish Engulfing Pattern
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Identification Criteria:
1. Uptrend.
2. It continue the uptrend with Bullish Candle.
3. After Bullish candle in up trend, the next candle should open with Gap Up and it continue with Bearish
Candle.
4. Bearish candle must close the below of previous Bullish Candle (Close Price).
Bullish Harami Pattern
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Identification Criteria:
1. Downtrend
2. It continue the downtrend with Bearish Candle.
3. After bearish candle in down trend, the next candle should open with Gap Up and it continue with Small
Bullish Candle.
4. Small bullish candle must close the below of previous bearish candle (Open Price).
Bearish Harami Pattern
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Identification Criteria:
1. Uptrend.
2. It continue the uptrend with Bullish Candle.
3. After bullish candle in up trend, the next candle should open with Gap Down and it continue with
Small Bearish Candle.
4. Small Bearish Candle must close above of Previous Bullish Candle (Open Price).
Morning Star & Morning Doji Star
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Identification Criteria:
1. Downtrend.
2. It continue the downtrend with Bearish Candle.
3. After bearish candle in down trend, the next candle should open with Gap Down and it should form
Small Bullish/Bearish (or Doji) candle.
4. Third candle must open with Gap Up and it continue with bullish candle.
5. The bullish candle must close the above 50% of first Bearish Candle.
Evening Star & Evening Doji Star
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Identification Criteria:
1. Uptrend.
2. It continue the uptrend with Bullish Candle.
3. After bullish candle in up trend, the next candle should open with Gap Up and it should form Small
Bullish/Bearish (or Doji) Candle.
4. Third candle must open with Gap Down and it continue with bearish candle.
5. The bearish candle must close the below 50% of first Bullish Candle.
PRICE PATTERNS
Triangular Patterns
Trendline
A Trend line is a straight line that connects two or more price points and
then extends into the future to act as a line of support or resistance.
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▪ If price rise above the starting point of most recent decline, where the
pattern started
▪ Measure Vertical distance from bottom level to that starting point, Called
this as A
▪ Target = Green candle bottom + A
▪ SL is below mean of the green candle
▪ Some tolerance allowed
▪ Risk reward should be at least 1:3
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Inverted H&S
▪ Measure Vertical distance from low of head to the neckline, Called this as A
▪ Target = Green candle bottom + A
▪ SL is below mean of the green candle
▪ Some tolerance allowed
▪ Risk reward should be at least 1:3
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Bullish (Falling) Wedge
▪ This pattern form after the downtrend or it can form as a continuation
pattern
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▪ If price close above the multiple top, you can go for buying
▪ Here A is the value of the top level
▪ Target = Green candle bottom + A
▪ SL is below mean of the green candle
▪ Some tolerance allowed
▪ Risk reward should be at least 1:3
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BEARISH PATTERNS
H&S
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