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

[4xpipcounter]

Dhootankur, did we post at the same time or what? That was quite an amazing! Is there any doubt we agree where the market is headed?

Its quite in a range of 150 - 190... seems 150 can be good support this time also

 

[dhootankur]

Preethi, with a fresh break out of the daily cloud and a break of the recent swing low, it suggests the drop is still in progress towards circa 150.

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PAUL sir, last 3 bars are quite kind of consolidating and taking support at last to last support of 153...but yes yet no reversal is been seen and each time weekly do give proper signal during reversal of it. So again I will also wait for proper signal in weekly.

@Preethi - Thanks for pointing, seems benefit can be taken of this range :thumb:

P.S - your chart is lagging last 2 - 3 bars

 

[dhootankur]

Dhootankur, did we post at the same time or what? That was quite an amazing! Is there any doubt we agree where the market is headed?

No Sir, no doubt on that

 

[4xpipcounter]

BTW, I just paid attention to this: "P.S - your chart is lagging last 2 - 3 bars"

Someone posted a chart in another thread and we had a discrepancy. You just answered why. Thanks!

Now I wonder why mine is late.

I assume we did not make it to 150 yet.

 

[dhootankur]

BTW, I just paid attention to this: "P.S - your chart is lagging last 2 - 3 bars"

Someone posted a chart in another thread and we had a discrepancy. You just answered why. Thanks!

Now I wonder why mine is late.

I assume we did not make it to 150 yet.

Nope it didn't made to 150 yet...

 

[praveenramus]

Is Bata Heading towards downside. Volume is inconsequential and has to be verified.

http://img560.imageshack.us/img560/5121/2012marbataindia800x600.png

 

[praveenramus]

Is tata steel having cup and handle formation. I am not seeing the retracement of previous advance which is confirming the dow theory. Seniors please confirm

 

[dhootankur]

Is tata steel having cup and handle formation. I am not seeing the retracement of previous advance which is confirming the dow theory. Seniors please confirm

Could be a formation of IHNS...volume pattern not so perfect but yes it can be one :thumb:

 

[preethi21]

Nice charts praveen...

So friends.. i am waiting for a long entry in Muthootfin If it closes above 160 rs so new wave can be formed... which can lead to 185 rs target

anyway its still around 156 rs..

anyway goodluck and happy trading friends...

 

[4xpipcounter]

Preethi, JMO, but containment appears to be circa 163.70 before it heads for another leg deeper south. As long as 148.80 contains, then it will be good to head north.

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Nice charts praveen...

So friends.. i am waiting for a long entry in Muthootfin If it closes above 160 rs so new wave can be formed... which can lead to 185 rs target

anyway its still around 156 rs..

anyway goodluck and happy trading friends...