My charts (and yours too........)

[MurAtt]

u mean break down ?

.... it sure looks a flag/pennant too ... inverse the chart and see what u find
See the vols too ... large bars on large down days ... minimal on other days ...

 

[Suro]

u mean break down ?

.... it sure looks a flag/pennant too ... inverse the chart and see what u find
See the vols too ... large bars on large down days ... minimal on other days ...

I meant either way. Need to wait for breakout to happen with good volume. The way I interpreted the volume action - it is drying up as it progresses into consolidation.

If I'm to hazard a guess now, I will say breakout will be on the upside as it looks like an ascending triange.

 

[MurAtt]

CnH ? SBIN 30 mins Spot

 

[babukraman]

............ as it looks like an ascending triange.

Suro,
A nice observation! Though the ascending triangles are valid in an uptrend; then consolidation to form an ascending triangle.
I have previously been corrected by one of the seniors on this aspect. However, let's wait and see how this one turns out to be.

Cheers!
Babu Kothandaraman

 

[babukraman]

CnH ? SBIN 30 mins Spot

SM bhai,

Yesterday's Nifty Spot tick chart had the same kind of pattern around noon; it went on to break out the high of the cup and it turned out to be a false breakout; after that it had been struggling at that R level to slide further. Though irrelevant to this scrip, just a thought!

Missed to capture that pattern yesterday; hence not able to attach the chart.

Regards,
Babu Kothandaraman

 

[MurAtt]

Don't u think a tick is too small ... i mean this is 15 mins ... has some weightage at least

 

[MurAtt]

Tata Motors 15min Spot - Dragon ....

 

[Suro]

Tata Motors 15min Spot - Dragon ....

Nice pattern recognition...I bet no software can do this.:clap:

BTW...what the dragon is supposed to do now?

 

[Suro]

Neyvelli daily chart showing breakout from triangle with good vol...mind the downtrend line though.

 

[MurAtt]

Nice pattern recognition...I bet no software can do this.:clap:

BTW...what the dragon is supposed to do now?

Spew Fire ....

Seriously ... spew fire which will be minimum 61.8% of the total fall from the tail of the dragon i.e. 1160-1120 with a SL at its back at 1125-ish.

And if the dragon is of the dangerous species then a 100% retracement of the total fall from his tail ....

start feeding him ... so that he can spew ...