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

[babukraman]

20110428 PETRONENGG
I may be wrong.............:-?

 

[babukraman]

20110428 PIRAMAL GLASS LTD

 

[Romeo and Elliott]

Price confinement.

JetAirways

There doesnt seem to be too much of a force to the upside, its an uptrending wedge (pls correct if it isnt), downside seems logical.

Notice a peak and a recoil at the blue line at 455. I'd expect some buyers there, if it cracks below the lower trendline to start with.

 

[Romeo and Elliott]

20110428 PETRONENGG
I may be wrong.............:-?

Hi,
Looks good. I dont have the chart for this one. Its in an impulse for sure, but a breakout and beyond, to a large extent, would depend on what the stock did before this charted area.

Chances are better if it was side-trending or falling for a while before the charted area.

You have a great grasp of pattern targets etc. Is it from that book you talked abut once ? Forgetting the name / author.

 

[babukraman]

Hi,
Looks good. I dont have the chart for this one. Its in an impulse for sure, but a breakout and beyond, to a large extent, would depend on what the stock did before this charted area.

Chances are better if it was side-trending or falling for a while before the charted area.

You have a great grasp of pattern targets etc. Is it from that book you talked abut once ? Forgetting the name / author.

Hi RnE,
Thanks for your feedback.
For chart patterns, my reference is "stockcharts dot com" as it's very simple and easy to understand. Probably, I must have mentioned Suri Duddella's "Trade Chart patterns like the Pros". This book has got more exotic patterns with target caluculations well explained.
Regards,
Babu Kothandaraman

 

[calmeshenoy]

babu sir tata motors morning star formation but fut trade in discount why n friday spot made a high of 1296 fut s 1229 pls kud u explain sir

 

[dhootankur]

CCCL is at important support of 46, but volumes saying lot of distribution has happened last week and result has even announced not meeting expectation. One can get better short opportunity below 46.

 

[dhootankur]

Regards to RNE, got idea of WW from his chart...

Jet Airways--- Bit late but expecting 430 - 435 in it...
Also cracking of Y'days session's low will break trendline, so one can get short opportunity here also...
Ratio is 10 : 16, so not a perfect WW but volume at 5 is quite good suggesting profit booking at high, can lead to good WW..

 

[MurAtt]

Jet .. bearish WW. Pattern/Trade triggered. Target 420-400. SL High of Engulfing bar at the top upslanting trendline.

 

[MurAtt]

wowee ... same rime Ankur ... :clap: