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

[babukraman]

MRPL
Weekly Inv HnS; b/o confirmed by volume is a must! As the daily views have been posted on another forum by GV, I stick to the weekly here.

 

[babukraman]

BGRENERGY
Bearishly slanting HnS is visible. But the price has bonced off of the neckline after the RS which has eventually broken out the current downtrend line with 1xVol>VolMA5. For the downtrend to be negated, the stock has to make a new HH. Will it make it? Because, 783 level is the long term R turned S and now R and that's where the price is hovering now. Good luck!

 

[babukraman]

rectangular break out on the cards? lets watch the price movement 2moro!

anayash,
this can be drawn as a symmetrical triangle also!

 

[anayash]

anayash,
this can be drawn as a symmetrical triangle also!

yes!! it can be!! :thumb:

the breakout has occured & looks like it will sustain it!! :clapping:

 

[kaly422000]

hello babukraman,

can u please provide me the afl u use for red & green volume bars?

please provide it in such a format so dat it can be easily overlayed on any charts!

thanks in advance!

amibroker has this volume chart view>charts>basic chart>volume(colour) but u have to insert it in another sheet may be but it is thin bar.

 

[anayash]

amibroker has this volume chart view>charts>basic chart>volume(colour) but u have to insert it in another sheet may be but it is thin bar.

hi kaly,

yep i know dat...tried to superimpose dat AFL on others but in vain....tried to copy/paste the code in other AFLs dat also in vain!! m not good at programming dats y seeking some help!

 

[anayash]

anayash,
this can be drawn as a symmetrical triangle also!

yes!! it can be!! :thumb:

the breakout has occured & looks like it will sustain it!! :clapping:

Wow!! Raymond blasted again in the last 10 min after it gave a breakout in the morning!!

Successful breakout!!

Cheers!! :thumb::clap:

 

[anayash]

as pointed out by babukraman, posting the raymond chart again with rectangle as well as symmetric triangle! Raymond gave a successful breakout 2day!

 

[Romeo and Elliott]

Good find @ RAYMOND

Watch the similarity between RAYMOND and SCI.

Notice the similar "corrective" structure before the first 'Impulse" its a good sign, add that to the following factors :

1. Two wave corrections followed [zig-zags, flats etc] which is usually far as wave 2 goes [except in much larger patterns]

2. The lower trendline had three hits - 2 is good, 3 is better.

3. The third should happen on / around / very very close to the 61.8% retracement [SCI came down to test it one more time = jitters, but not uncommon]

4. The parallel line from the base, shifted to the top (to the HIGH price of the top of the first or the CLOSE price of the top of the first ? dunno ), works as support [see SCI]

5. One EOD CLOSE above the upper trendline is usually the confirmation people look for [Watch the GAP that happend on both stocks the day after the EOD closure above the upper trendline]

6. Ive draw FIBs from CLOSE price to CLOSE price, but most ppl use LOW and HIGH prices, its a matter of choice, but unless you have reason to do otherwise, i would suggest using HIGH / LOW prices.

 

[Romeo and Elliott]

ONMOBILE : Looks pretty much bombed, (but wont be bearish on it just yet, prolly a wrong wave-count).
BHEL : Seems to have tested early Aug highs and turned back.
EDUCOMP : Bullish candlestick confirmation never came, stock went well below a trendline - looking bearish.

ASHOKLEY : Looks like a breakout, but wouldnt say its out of the woods till it crosses all the high prices. Could come back to test, could shoot up, Open 2morro will give some indiction.

MLL (Weekly) : Channeling ? Possibilities ?