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

[dhootankur]

:clapping: :thumb:

 

[Romeo and Elliott]

- Cipla looks like its due for a rise
- Cairn hasnt broken the channel to the downside, could move anywhere, (51% up, 49% down) but needs to confirm a movement.
Risky trade but IF it opens above yesterdays close with reasonable strenght, one could take a long with SL about 0.5% below yesterdays close, good R/R but speculative.
If it opens and heads straight down, better to wait for a TL breach to the downside.
- ULTRACEMCO has at least a small upside pending till previous top, post that it might rise after a round of 2-3 days of profit taking.
- OIL reached first target, could do :
1. should have some -ve bodies either profit taking or downside
or
2. 1-2 days around present price then a shoot up.

 

[babukraman]

Hi all,
Recently, there have been couple patterns brought to our notice which have taken quite bit of time to form. First one is that of Infoys (Weekly chart - by myself in my "picture is beauty" thread) and Apollo tyres by Dipak. The former is a HnS taking about eight months to develop and the latter about five months to develop into an inverted HnS. So, now the question rises. How long should one wait for the target to be reached? That should be a million dollar question. Because, during the bull phase of the Sep, Oct '10, patterns like bullish flag (of SBIN, TTKPrestige) and ascending triangles achieved their targets in no time. (Please note that these are the examples I can get with reference to my own charts posted here on this forum).
But, take a look at the below link wherein the author "SaiVenkat" had identified a HnS on Educomp way back in 2009Jan28 for a target of 400. http://www.traderji.com/technical-analysis/37665-educomp-solution-h-s-reversal.html
Please refer below my observations regarding how Educomp managed to reach that target. Comments are welcome, as usual!

 

[Romeo and Elliott]

Hi, Babu,

wedge breakout to the downside on GAIL

what should be the technical target ?
Ive referred to two sites both do it with different methods

Thanks

 

[MurAtt]

Generally Wedge b/o has the target as the start of the wedge .. so almost 400 on Gail.

BUT

Gail is one stock where I see most patterns fail. One can call it a 'pagla' stock .. or maybe I am unable to follow patterns on this stock.

Lets see ...



And yes... check the Stocks to Keep .. - Canteen thread for a Bearish WW on Hindalco EOD with tgt 185-180 which reached will be the formation of a Bullish WW with tgts 230+

Cheers .. enjoy ...

 

[calmeshenoy]

Babu sir abt tata motors

 

[babukraman]

Generally Wedge b/o has the target as the start of the wedge ..

 

[babukraman]

Babu sir abt tata motors

Hi calmeshenoy,
It's well above 200 EMA and the down trend line (medium term) is broken out last month. Nothing else I can read into this chart. Hope others might be of some help to you!

 

[Romeo and Elliott]

doctor_a, Excellent call @ IDFC :thumb:

falling like a song.

 

[Romeo and Elliott]

http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html

nice video too.

http://www.1source4stocks.com/technicalanalysis/chart_patterns_rising_wedge.asp

the second one seems a slightly different calculation.