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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
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