The Finance Naka

Doji candlesticks look like a cross, inverted cross or plus sign. Alone, doji are neutral patterns that are also featured   in a number of important patterns . A   doji candlestick   forms when a security's open and close are virtually equal for the given time period and generally signals a   reversa l   pattern for   technical analysts BREAKING DOWN 'Doji' There are two main forms of technical analysis: fundamental and technical. Fundamental analysts concentrate on measures that have to do with business performance such as sales and net income. Technical analysts, on the other hand, concentrate on patterns in the stock price. If the stock price is going up, it might be a sign that prices will continue to go higher and vice versa. Technical analysts believe that all known information about the stock is reflected in the price, which is to say price is efficient. Still, past price performance has nothing to do with future price performance, and the actual price of a s

Infosys has proposed a Buyback of about 4.92% of its total paid up Equity Share Capital i.e., around 11.30Cr Equity Shares. Also, it announced that some of it's promoters too intend to participate in Buyback. However, the said Buyback is yet to receive approval through special resolution by Postal Ballot. What is Buyback? Buyback basically refers to purchasing own Equity Shares from Equity Shareholders. The prime motto behind Buyback is reducing the excess Ownership, Increasing Earnings Per Share, etc.

The optimal system of denominations of currency (coins and notes) is one that would minimize the number of denominations and concurrently increase the probability of proffering exact change. So, what should be the optimal mix of currency denominations? Many countries have opted to use a near variation of the Renard Series, i.e., 1:2 or 1:2.5 ratio between adjacent denominations of currency, which means that the denomination should be twice or two and half times of its preceding denomination. Such a ratio allows exchange of value ordinarily in a maximum of three denominations. In India, we have currency denominations of 1, 2, 5, 10, 20, 50, 100, 500 and 2000. As such, in the lower end of the denomination series, 200 is the missing one.

The Reserve Bank of India (RBI) will issue bright yellow-coloured Rs 200 denomination banknotes on August 25, the central bank today said. In a notification, the banking regulator said, new Rs 200 notes will be issued in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R Patel, Governor, Reserve Bank of India from select RBI offices, and some banks. The new denomination has Motif of Sanchi Stupa (from Madhya Pradesh) on the reverse, depicting the countrys cultural heritage. "The base colour of the note is Bright Yellow, RBI said on its website. Introduction of a new currency denomination and design is done keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting, RBI said. Post demonetisation in November 2016, RBI had introduced new Rs 500 notes and for the first time Rs 2,000 denomination notes. Reports have suggested that Rs 2000 notes wi

What is a 'Head And Shoulders Pattern?' In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. ' Head And Shoulders Pattern ' This pattern is comprised of three component parts: 1. After a long bullish trends, the price rises to a peak and subsequently declines to form a trough. 2. The price rises again to form a second high substantially above the initial peak and declines again. 3. The price rises a third time, but only to the level of the first peak, before declining once more. The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline. Head and shoulders p

The Nifty rallied to a fresh record high of 10,137.85 on Wednesday but saw selling pressure soon after the Reserve Bank of India (RBI) slashed key rates by 25 bps and made a bearish candle, which closely resembles a Bearish Belt Hold kind of pattern, on daily charts. A Bearish Belt Hold pattern is formed when the opening price becomes the highest point of the trading day, which in Wednesdays trading session was a record high of 10,136.30 and rose slightly to a record high of 10,137.85. After opening, the index then witnesses selling pressure throughout the trading session. In this pattern, there is small or no upper shadow and the index declines throughout the trading day which makes up for the large body and a small lower shadow. In Wednesday's price action, Nifty50 opened at 10,136.30, which was slightly below its record high of 10,137.85. Hence, there was no or insignificant upper shadow. It slipped over 80 points to touch its intraday low of 10,054.20 which made a