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

[Romeo and Elliott]

On the 27th Oct, itself the price has broken down the uptrend line. Yesterday, retested (an opportunity for longs to get out) that R and turning back today. Just a classic example of the various tutorials - breakout>retest>then, continue in the direction of the breakout!

True, but theres strong support around 56.65, [prices around the 1st week of Aug + Top of the Impulse], such patterns play out well **when the test / breach takes place below this level** [RCOM and MLL, both May 2010.. aided by a bearish NIFTY or when a full set of waves has been played out]

But yeah, it looks like a test, will wait for a closing (even opening) breach of 56.65 to keep surprises at bay.

Thanks

 

[babukraman]

True, but theres strong support around 56.65, [prices around the 1st week of Aug + Top of the Impulse], such patterns play out well **when the test / breach takes place below this level** [RCOM and MLL, both May 2010.. aided by a bearish NIFTY or when a full set of waves has been played out]

But yeah, it looks like a test, will wait for a closing (even opening) breach of 56.65 to keep surprises at bay.

Thanks

Thanks RnE!
I just made a plain kitchdi! You've skilfully added some masala and made it much tastier!
This is what I would like the newbies of TA (like myself) to take note of!
Cheers!
Babu Kothandaraman

 

[babukraman]

KALE CONSULTANTS
@ 162.35 on 2nd Nov.
Weekly: Bullish Up bar bouncing off the S of 10 EMA for a bullish ascending traiangle. 12xVol>VolMA5. Target zone 34 points.

 

[babukraman]

ShreeCements
@ 2164.55 on 2nd Nov
Ascending triangle b/o for a 224 points target zone. But where is the volume?

 

[babukraman]

INOX LEISURE @ 74.10 on 2nd Nov.
While creating the SFFP, it’s on the verge of a b/o. RSI>50 and STOC pointing upwards. ADX x NDI from below supports this view with a 5.6xVol>VolMA5.

 

[babukraman]

Talwalkar Fitness @ 224.5 on 2nd Nov.
Perfect Bullish Up bar and ascending bullish triangle with 5.4x Vol>VolMA5. EMA 10x20 from below for a bullish view is confirmed by this candle.
Weekly: Ascending triangle ready for a 59 points target zone.

 

[babukraman]

hw do u analyse alok ind(text) after todays's close(01-11-2010)ia it confirm breakout sir pls check d charts of alok,

It's clear. Isn't it?

 

[calmeshenoy]

alok ind today closed 29.35,frm d brkout point hw much movment kud v expected according to charts

 

[kaly422000]

KALE CONSULTANTS
@ 162.35 on 2nd Nov.
Weekly: Bullish Up bar bouncing off the S of 10 EMA for a bullish ascending traiangle. 12xVol>VolMA5. Target zone 34 points.

did u see the daily of kale amizing

 

[Romeo and Elliott]

SUZLON

Good short (if CLOSE is below 56.65) ?

Last candle till 1440hrs, Intraday

Closed bang at 56.65 !!! the lord works in mysterious ways.
Still by n large bearish [ topping pattern around the triple top, re-coil from support prolly discounted by touching 59, these last two days, dark cloud ].... lets see. As it says "Price shall be yr guiding light"

Thanks RnE!
I just made a plain kitchdi! You've skilfully added some masala and made it much tastier!
This is what I would like the newbies of TA (like myself) to take note of!
Cheers!
Babu Kothandaraman

More like PAO-Bhaji [ PAO = Price action oriented ] still learning, a long way to go... lotsa learning on this thread, ty