Today was a wonderful day as I witnessed the occurrence of one of the rare candlesticks on EOD chart.
I have been observing UCO bank for past couple of days and most of my studies proved right except the one when I saw a red candle on peak on 26th. I anticipated an evening star formation and out of excitement I forgot that evening star is three candle pattern and in haste I took wrong decision and fortunately I reversed the trade next day. (instead of waiting till I repent).

See the candle at top that has no shadow. It is candle that is usually not found. It has no upper or lower shadow. You can say shaven head and bottom.

Now its kinda discovery; finding something in realty that is been read in theories. Im really excited to explore more of this candle and belevive me Im busy finding more such candles on EOD charts. And after seeing almost 50 charts I haven’t found yet so we can believe its claim to be a rare candle is true.

This is Marubozu candle denoting a bullish price movement. Rather say extremely bullish. It suggest that bulls dominate the whole session. Its basically a continuation pattern so we can anticipate further surge. Lets see the impact of Marubozu.

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GOOD BYE CK

Renowned management guru of Indian origin who won accolades from west for his distinguished work in corporate management and enhanced motherland India’s pride, passed away on Friday in San Diego after a brief illness. Though he is better known for the concept of “ core competence” for what he begged prestigious McKinsey Prize (along with Gary Hamel), he authored 10 books

The Fortune at the Bottom of the Pyramid: Eradicating Poverty ...

Competing for the future

A new view of strategy

The future of competition: co-creating unique value with customers

The new age of innovation: driving cocreated value through global ...

The Multinational Mission: Balancing Local Demands and Global Vision

The core competence of the corporation

Strategic intent

CEO: a visible hand in wealth creation?

Do you really have a global strategy?



in 2009, he was awarded Pravasi Bharatiya Sammaan and Padma Bhushan by

the govt of India.

Vindi Banga, president of Global Foods, Home & Personal Car and Kamini Banga, MD, Dimensions Consultancy remembers him as the The man who would influence eternity. They further add “Over the years, C K — as we fondly referred to him — was consistently voted among the top 50 global business thinkers, topping the 2009 list ahead of Michael Porter, Malcolm Gladwell, Bill Gates and others”



Good bye CK. We will miss you



“Do not go where the path may lead, go instead where there is no path and leave a trail behind.”- C.K.Prahalad

ULIP MAYHEM

The current spat of SEBI-IRDA is nothing but the fight for dominance.

The worst affected is the investor who already put his hard earned money in ULIP. Public is still confused about the future of ULIP and afraid that their money might be lost. It is ironic that none of the autonomous bodies bothered to make attempt to clear the ambiguity regarding the status of existing ULIP. Suresh Parthasarathy of business line prepared a FAQ to educate investors on this issue.

Link : http://www.thehindubusinessline.com/iw/2010/04/18/stories/2010041850551300.htm