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

[timepass]

Can't understand the WW in your Reliance Chart.

 

[praveenramus]

Point 1 is formed at 700 Point 2 is formed at 764 Point 3 is formed at 678 and point 4 is formed at 745. Point 1-2-3-4 are symmetrical in time. point 2 is at top. Point 3 is at the bottom of the first decline. Point 5 is yet to be formed. Point 4 is formed at the rally after point 3.

 

[timepass]

Point 5 is yet to be formed. ....

Aha.. so you are saying that it will go below 678 before it zooms up to 775.

 

[praveenramus]

Aha.. so you are saying that it will go below 678 before it zooms up to 775.

Lets watch... one small correction... i am saying it will go down to 617.... not 678

 

[sunny_cool]

 

[prst]

good one dude.
we are seeing a breakout (though it is against the primary trend which was downward channel).

 

[krist]

Would these qualify as HnS?
If yes, first one failed while second one gave good result. However as per definition,HnS forms in UT. So one In UT failed, while one in DT( or sideways) succeded.

Please guide.
(Also, would the small rise after sharp fall in Jan 2008 be called a bearish flag?)

Thnx in advance.

 

[amol_gh123]

Would these qualify as HnS?
If yes, first one failed while second one gave good result. However as per definition,HnS forms in UT. So one In UT failed, while one in DT( or sideways) succeded.

Please guide.
(Also, would the small rise after sharp fall in Jan 2008 be called a bearish flag?)

Thnx in advance.

Thanks...
Amol

 

[vijayan2010]

Hi friends.........
There is a Reverse Head and Shoulder formed in RECLTD.
As per Fibonacci retracement abv 207,tgt is 247 which is 38.2% retracement.
there is a positive divergence also formed in stochastics.
http://imageshack.us/photo/my-images/826/2012februraleleccorpltd.png/

 

[trustmeasfrnd]

can somebody highlight chart of SBI. I bought at 1695 and its now 2165, should i follow the trend or book my profit?? this is just my querry however i have made my mind tobook some profit.. your suggestion are welcome along with trend analysis.
Thanks.