General Trading Chat

[iwillwin]

May not fall in March itself....April results season starts....maybe may is better month for mayhem.... Market is supreme....let it decide....on weekly charts we are very near to support zones, if results don't cheer we will fall..

 

[Subhadip]

oh..big changes in TJ...came after some days...if not weeks..

 

[Pradeep Narayan]

Now this doesn't look like a classic H&S, does it ? Insufficient right shoulder.

View attachment 24290

But it looks scary, right

TP it is a reliable 2 trade pattern - 1st bullish above 10400 for 10800 & Then Short till 9800.

 

[traderniftybull]

Now this doesn't look like a classic H&S, does it ? Insufficient right shoulder.

View attachment 24290

But it looks scary, right

Yes, it is not. But only because you are banking on wrong head.

BTW, this one is not so scary, but the real one is.

Also there are both types of patterns (bearish as well bullish), only question is which pattern takes the lead and which lags behind.
Secondly, also one of a pattern keep on developing new pattern, discarding its own previous pattern, creating more of confusion.

 

[Dr. Jan Itor]

In January there was a lot of debate on TV about how new post-demo money will behave in a downturn. Now that we've had some correction, is there any change in retail inflows in mutual funds or sips?

 

[Dr. Jan Itor]

City union bank holding fairly steady in such a scenario. Is it so good on fundamentals? Any views members?

Haha. Post time 2:46. Commentators curse.

 

[vivektrader]

Now this doesn't look like a classic H&S, does it ? Insufficient right shoulder.

View attachment 24290

But it looks scary, right

What's lying over left shoulder? A tumor?
Little knowledge I have, tells me that it should stick out from the top, in this case it's forming in the basement , not H&S.

Vivek

 

[Smart_trade]

H & S is a reversal pattern comes at the top of the move .The pattern shown on the chart looks more like a sideways B correction before a downthrust in the form of C wave starts. The ongoing sideways move looks like a continuous pattern where the downmove will resume.Downward correction does not seem to be over yet.

This is only for keeping the larger picture in mind...trading has to be on the shorter term charts and the supports/resistance levels.

Smart_trade

 

[Smart_trade]

Final downmove is likely to be fast and furious where lot of capitulation will take place and traders and investors will start doubting the bull market.

Just my reading....

ST

 

[iwillwin]

Final downmove is likely to be fast and furious where lot of capitulation will take place and traders and investors will start doubting the bull market.

Just my reading....

ST

The way it did when we were at 6800 levels when everyone was talking of more downside only....