Beginners' club - Candlestick analysis

[iyerboi]

Friends,pls tell me,nothing on the chart between 14.46pm to 15.08pm today? Is it a lunch break ? :O

nah! think google had fever

 

[4xpipcounter]

Adit, the bullish formation was made near the top. This is why I use the 61.8 as the ace in the hole under these conditions. The lower low was made and a subsequent 1-2-3 was made beside and the 2 from the original was broken and the full extension was made on the latter. A nice move north will still be made if the peak is broken.

Larsen & Toubro - Update:

Hi Paul Sir... This is for you...

It played out the Bullish 123... However, didn't extend to our targets.... Should move tomorrow....

 

[4xpipcounter]

IYB, which market are we talking about.

stock closed above 1946 today. is there a killing on cards now?

 

[iyerboi]

IYB, which market are we talking about.

referrin to heromoto. rem the one that broke the uptrend TL?

 

[iyerboi]

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here's our earlier chart on this one....

 

[4xpipcounter]

1949 was only the minimum expectation for the correction, because that is the point of the TL break. Containment should be the TL, itself. Notice the TL apex it is approaching. That will also be strong R.

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[iyerboi]

1949 was only the minimum expectation for the correction, because that is the point of the TL break. Containment should be the TL, itself. Notice the TL apex it is approaching. That will also be strong R.

image hosting gif

exited today at 1935. btw stock had touched 1995 a couple of days back. lazy me din take the profit in offer.

 

[iyerboi]

An evening star on the nifty daily chart y'day. This was also a lower low. Nifty headed downwards hereafter?

Aditya, looks like bfd wants us to pay now :annoyed: are u aware of any place on the net whr i can draw TLs on the chart? with google im having to snip and save them to excel before i can draw them. but with realtime markets, tat doesnt really help

 

[adityasaraf007]

An evening star on the nifty daily chart y'day. This was also a lower low. Nifty headed downwards hereafter?

Aditya, looks like bfd wants us to pay now :annoyed: are u aware of any place on the net whr i can draw TLs on the chart? with google im having to snip and save them to excel before i can draw them. but with realtime markets, tat doesnt really help

No Iyer bhai.... don't know about others where you can save your markings....

But I also suggested GCI at that time.... With GCI, you get Nifty, SBI, TataMotors, TataSteel, BhartiArtl, Infy, Wipro, RelInfra, RelComm, Reliance, TataPower.... it's just like BFD... and you would be able to save your markings...

 

[iyerboi]

No Iyer bhai.... don't know about others where you can save your markings....

But I also suggested GCI at that time.... With GCI, you get Nifty, SBI, TataMotors, TataSteel, BhartiArtl, Infy, Wipro, RelInfra, RelComm, Reliance, TataPower.... it's just like BFD... and you would be able to save your markings...

ya gci works. prob is my ofx doesnt allow me to dload it

chalo, we'll keep lookin on the net