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Testimonials
MINA RAMAKHADI
I work as a graphic designer for 20 years but I had problems to handle my money but today when I attended this seminar today I didn’t knew how to invest in share market but now I have positive view towards investing in share market and I believe my problems will be over. And I want to tell everyone to attend the seminar and thank Nimish Sir.
NIRMAL SHAH
I am a C.A. student and from a long time I have been looking forward for the field of stock market and have been tracking it since 8th grade. Today by taking and attending the online course, I have found a right path to put my focus into. Thank you Nimish Sir.
AMITA DESAI
I attended seminar and I am doing the online course right now so first I thank Nimish Sir and his simple nature who wants only the best for their students and want them to become millionaires. He gives the best knowledge about market strategies which really deserves a complement. Different types of trading strategies, money and portfolio management in a very short period of time.
RAJESH PANCHAL
I don’t have a lot of knowledge about share market but I came here by seeing the hype of intraday and got to learn so much about it for that I would like to thank Nimish Sir. I got a lot of knowledge about stoploss scientific strategies which is not only going to help me but also the people who attended the session today.
SACHIN LABDE
Thankyou Nimish Sir for this online session. I earned enough amount of money but from that money how I can invest in the right place and grow is why I attended this online Course from throughout the day how much knowledge I received in near future. I sure am going to implement it and grow my wealth as Nimish Sir took a very deep subject and presented it to us very easily.
RAKESH VYAS
Before attentding this online session whatever myths I had about share market are all cleared the way Nimish Sir thought me how to deal in share market, How to use different tricks and keys was excellent and ways to attract money was amazing and it was a wonderful experience. So thank you Nimish Sir and Dhanashri Academy.
Diamond Formation
The diamond formation reversal pattern is found relatively infrequently. When it does form, however, it usually does so at market tops rather than at bottoms. This is consistent with its appearance, which suggests a confused, active market found at a top more often than at a bottom. As Figure 1 show, the diamond starts off as a broadening formation and then consolidates, usually forming a symmetrical triangle. The combination of price patterns first broadening and then consolidating gives the geometry for which the diamond is named. This shape becomes more apparent when trend lines, like those shown, are drawn connecting successive peaks and valleys. The shape has also been described as a complex head and shoulders with an odd center movement.
Volume activity can help distinguish a diamond from an ordinary head-and-shoulders formation. The tendency might be to see a formation and interpret it as a diamond, when in reality it is only a head-and-shoulders pattern. This bias toward the diamond might be because an up sloping neckline would allow an earlier entry of the position and therefore more potential profit. A genuine diamond pattern is signified by a decrease in volume during the second half of the price pattern.
This volume pattern is similar to the one found in a standalone symmetrical triangle. When a diamond forms at a top, the following down move is usually significant. A minimum expectation of the move can be estimated by measuring the distance in points at the widest part of the diamond. Prices usually move from the breakout price to a low, giving a net change at least equal to this measurement, typically further.
An uncommon but recognizable reversal pattern that begins as a broadening formation and reverts to a symmetrical triangle after several swings to make a four-cornered pattern. Normally occurs only in very active stocks, and shows up more often during tops.
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