Chart patterns

[vishalalluri]

mcnally just had a breakout 3/15 ema with stochastic signalling bullishness

is it ther on anyboys watchlist

please comment

 

[DR N K MISRA]

I WANT TO MAKE THIS THREAD A LARNING PROCESS SO SENIOR MEMBERS PLEASE LOOKING FORWARD FOR SUGGESTIONS ON CHARTS

My dear Vishalallury,

In my opinion you are 100% right. It is an ascending triangle and I think there will be a break out at 446-448 level. Thanks.

 

[vishalalluri]

My dear Vishalallury,

In my opinion you are 100% right. It is an ascending triangle and I think there will be a break out at 446-448 level. Thanks.

yup dr ji

have been watching for an 448 breakout

 

[DR N K MISRA]

seniors :sos: i need to know if im going in the right direction

My dear Vishalalluri,

Yes you are in right direction. Please keep it up.

 

[SavantGarde]

Hi Vishal,

DLF Will Perhaps Touch & Bounce From 406.75

Major Support Area Or (SAR) 391.55

Breakout Is Placed @ 436.00

Happy & Safer Analysing

SavantGarde

 

[vishalalluri]

My dear Vishalalluri,

Yes you are in right direction. Please keep it up.

THNKS DR JI

FOR UR SUGGESTIONS AND ENCOURAGEMENT

BUT AS THE PRICE BREAKOUT HAS HAPPENED NEAR TO THE APEX OF THE TRAINGLE WE DON SEE THE PATTERN BREAKOUT HERE

AND THERE IN ONE MORE PROBLEM IN THE CHART OF OMAXE HERE I HAVE NOT DRAWN THE UPPER LINE BY JOINING THE HIGHS OF THE CANDLE

THE FORMATION HAS TO BE DONE BY JOINING THE HIGHS FOR THE UPPER LINE

AND JOININ THE HIGHER LOWS FOR THE BOTTON TRAINGLE LINE

IM POSTING THE CHART WITH SOME CORRECTION

I MIGHT BE WRONG ALSOOO

 

[vishalalluri]

Hi Vishal,

DLF Will Perhaps Touch & Bounce From 406.75

Major Support Area Or (SAR) 391.55

Breakout Is Placed @ 436.00

Happy & Safer Analysing

SavantGarde

HI Savant sir

After ur post i saw the clearer picture the lower band for dlf is at 395 and there has been a 3/15 corrover downward so we shud understand that it will go lower then bounce back ans the stoch k is also lower than d

sir u open eyes so easily

am i rite ?

 

[vishalalluri]

LETS SEE ABOUT FLAGS AND PENNANTS

BULL FLAG IN UPTREND :LOWER TOPS LOWER BOTTOMS
BEAR FLAG IN DOWNTREND :HIGHER TOPS AND HIGHER BOTTOMS

THE TREND LINE FORMED BY LOWER TOP LOWER BOTOMS ID PARALLEL AND SAME IN CASE OF BEAR FLAG ALSO


BULL PENNANT IN UPTREND
BEAR PENNANT IN DOWNTRED

PENNANTS ARE SAME LKE FLAGS BUT ARE SYMETRICAL IN NATURE AND OCCUR IN LESS TIME DURATION

PLEASE NOTE:Volume generally contracts during the pause with an increase on the breakout

I am posting a chart which has given me really good encouragement to look on more patterns

Seniors and all please comment on the chart posted

 

[vishalalluri]

MY OWN TRAINGLES HE HE

 

[vishalalluri]