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SHIKSHA GUIDE

BASIC SHIKSHA CHART

Below is basic Shiksha Weekly Chart

Weekly Trading Plan – 20-05-2019

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RISING CHANNEL

Upper section of Chart is called as Rising Channel or RC (Area in Green box).

Weekly Trading Plan – 20-05-2019

FALLING CHANNEL

Lower section of Chart is called as Falling Channel or FC (Area in Red box).

Weekly Trading Plan – 20-05-2019

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LEVELS OF RISING & FALLING CHANNEL

• Close is Previous day’s close.

• Range is Value of previous day’s High minus previous day’s Low.

• Levels in Rising Channel are called Rising Channel 11.80% - Rising Channel 23.60% - Rising

Channel 38.20% and so on.

• Levels in Falling Channel are called Falling Channel 11.80% - Falling Channel 23.60% - Falling

Channel 38.20% and so on.

• In case of all other Timeframes, RC11.80% is replaced by RC14.60% and FC11.80% is

replaced by FC14.60%. Rest all levels remains same in any Time-Frame.

• Values above absolute levels in any channel (RC11.80%TVHS, FC11.80%TVHS) are called

Traded Value on Higher Side (TVHS) of that particular level. For Example,

RC38.20% TVHS is 11,485.60 is traded value on higher side for RC38.20% level.

• Values below absolute levels in any channel (RC11.80%TVLS, FC11.80%TVLS) are called

Traded Value on Lower Side (TVLS) of that particular level. For Example,

RC38.20% TVLS is 11,461.35 is traded value on lower side for RC38.20% level.

• Normal Channel – Rising Channel up to RC100% is called as normal range and falling channel

up to FC100% is called Normal Range.

• Abnormal Range – Rising Channel above RC100% is called abnormal range and falling

channel below FC100% is called Abnormal Range.

Close

Range

RC11.80%TVHS

RC11.80%TVLS

FC11.80% TVHS

FC11.80%TVLS

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DIRECTOR PATTERNS & PLOTTING OF INDICATORS

We have Three different types of Director Patterns namely 2+2, 3+1 & 2+1. All three sets contain

BDP & WDP and any one of JGD or JWD.

Following are examples of How Director Pattern is written and plotted and where is the position of

Indicators:

2+2 DIRECTOR PATTERN

PLOTTING OF INDICATORS IN 2+2 PATTERN

When BDP(1,353.35) falls between RC14.60%(1,344.45) and RC38.20%(1,366.05)

When WDP(1,320.40) and JWD(1,331.45) falls between RC14.60%(1,344.45) and

FC11.80%(1,317.75)

This is 2+2 DP

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3+1 DIRECTOR PATTERN

PLOTTING OF INDICATORS IN 3+1 PATTERN

When BDP(10,994.60) falls between RC14.60%(10,978.50) and RC38.20%(11,030.70)

When JGD(10,883.05) falls between FC14.60%(10,913.90) and FC38.20%(10,861.70)

When WDP(10,830.80) falls between FC38.20%(10,861.70) and FC61.80%(10,809.50)

This is 3+1 DP

JGD

WDP

BDP

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2+1 DIRECTOR PATTERN

PLOTTING OF INDICATORS IN 2+1 PATTERN

When BDP(1,180.40) falls between RC14.60%(1,198.70) and FC14.60%(1,177.75)

When WDP(1,163.40) falls between FC14.60%(1,177.75) and FC38.20%(1,160.80)

This is 2+1 DP

BDP

WDP

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RECORD SHEET SUMMARY

Generate report

Period

High

Low

Close

Volume

Range

Director Pattern

Group or Sector

Scrip

TimeFrame Period From Gainer Loser

Column Preference

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TREND

1.RC38.2% to FC 38.2% is A Block

In A Block contains 3 Flats:

• RC14.6% to RC38.2% Absolute level

• FC14.6% to FC38.2% Absolute level

• RC14.6% to FC14.6% Absolute level

2.Above RC38.2% Absolute level is B Block

In B Block contains 3 Flats:

• RC38.2% to RC61.8% Absolute level

• RC61.8% to RC100% Absolute level

• Above RC100%

3.Below FC38.2% Absolute level is C Block

In C Block contains 3 Flats:

• FC38.2% to FC61.8% Absolute level

• FC61.8% to FC100% Absolute level

• Above FC100%

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PURE UPTREND

BDP is in A Block and WDP is in C Block is Pure Uptrend.

PURE DOWNTREND

WDP is in A Block and BDP is in B Block is Pure Downtrend.

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BOTH TREND

BDP and WDP is in A Block is Both Trend.

BDP is in B Block and WDP is in C Block is Both Trend.

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THEORY

UPTREND THEORIES

1. Sleeping Beauty in FC BDP falls between FC14.60% Absolute level & FC38.20% Absolute level

2. BDP in ICRR

BDP falls between RC14.60% Absolute level & FC14.60% Absolute level

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3. Knock Knock in RC BDP falls between RC14.60% Absolute level & RC38.20% Absolute level

4. Cut Cut Pack Up in FC WDP falls between FC38.20% Absolute level & FC61.80% Absolute level

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5. Catching The Falling Knife WDP falls between FC61.80% Absolute level & FC100% Absolute level

6. WDP Below FC100% WDP falls below FC100% Absolute level

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DOWNTREND THEORIES

1. Reverse Sleeping Beauty in RC WDP falls between RC14.60% Absolute level & RC38.20% Absolute level

2. WDP in ICRR WDP falls between RC14.60% Absolute level & FC14.60% Absolute level

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3. Knock Knock in FC WDP falls between FC14.60% Absolute level & FC38.20% Absolute level

4. Cut Cut Pack Up in RC BDP falls between RC38.20% Absolute level & RC61.80% Absolute level

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5. Cutting The Flying Kite BDP falls between RC61.80% Absolute level & RC100% Absolute level

6. BDP above RC100% BDP falls above RC100% Absolute level

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UPPER BAND

Upper Band is RC61.80% TVHS

Whenever BDP or JGD or Both happens to be inbetween RC38.20% Absolute

level and RC61.80% Absolute level then Upper Band is RC61.80% TVHS

Or else Upper Band is RC38.20% TVHS

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Lower Band

Lower Band FC61.80% TVLS

Whenever WDP or JWD or Both happens to be inbetween FC38.20% Absolute

level and FC61.80% Absolute level then Lower Band FC61.80% TVLS

Or else Lower Band is FC38.20% TVLS

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HOW MARKET OPENS

In case of weekly opening we need to take the First working day of the week.

RMSL

RMSL HIGHER

When opening period HIGH of the first day of the week

23-09-2019 (11,694.85) > Upper Band TVHS (11,618.45)

HOW MARKET OPENS

RMSL IC (Interchannel)

RMSL Higher RMSL Lower

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RMSL LOWER

When opening period LOW on the first day of the week

17-06-2019 (11,657.75) < Lower Band TVLS (11,718.95)

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IF it is none of the RMSL Higher/ Lower match the case try figuring out which IC

it belongs:

InterChannel

IC means Inter Channel. When the High or Low Both lies between the Upper Band TVHS and

Lower Band TVLS then its considered to be in one of the IC.

ICRC:

When HIGH of the first working day

14-10-2019 (14,215.00) > RC14.60% TVHS (14,153.00)

IC

ICRC ICFC ICRR

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ICFC:

When LOW of the first working day

09-12-2019 (14,005.00) < FC 14.60% TVLS (14,068.00)

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ICRR:

When HIGH of the first working day (10,558.80) < RC 14.60% TVHS ( 10,666.50) and

LOW of the first working day (10,477.00) > FC14.60% TVLS (10,439.45)

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GAP THEORY

HIGHER GAP

Opening Period LOW (11,905.35) > New BDP (11,870.05)

GAP

HIGHER GAP

LOWER GAP

NO GAP

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LOWER GAP

Opening Period HIGH (11,398.15) < New WDP (11,471.80)

NO GAP

If both the above conditions are not satisfied then it is called NO GAP

Opening Period HIGH (11,981.95) > New WDP (11,947.40) and

Opening Period LOW (11,888.05) < New BDP (12,103.75)

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VALID BUY AND VALID SELL

When RANGE and DP both are in Light Green or Dark Green then it is called

Valid Buy

When RANGE and DP are in Light Red or Dark Red then it is called

Valid Sell