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

[babukraman]

GTL

3.6xVol>VolMA5.

GTL another view n followup

 

[Romeo and Elliott]

123-123 Makes a 3-3 setup (price confined in a 3-point trendline)

p, 1 and 3 indicate support / resistance at this level

at q you get a shorting alert

BUT the rule says you wait for a test of the prev supp/resistance

r - That test took place

s - The following red body failed to go below the support/ resistance

Therefore i posted "Is this a short"

Of-course now the bulls would get hopeful.

s-t-u -> thats a war-zone!! so im still not entering short cuz EVERYTHING is not in my favour!!

BODY T : Long upper shadow, Bulls are losing the battle and price coming close to the support

I set shorting alert BELOW point 'u'

Intraday chrt suggests the battle is over.... take a south-side ride and **PRICE NEVER EVEN COMES TO YOUR SELL PRICE** !!! no surprise cuz all that was worth fighting over has been done and over with, you see the bears with the trophy.

 

[Romeo and Elliott]

IVRCL
Since Feb '10, I see a HnS and it's on the b/o! Watch out!

Im thinkig holding short on this one. i see about three breakouts to the downside :
1. break below 150/145 [Strong support on a weekly - broken]
2. break below the lower trendline in a falling-wedge kinda setup-lower trendlien did not hold support
3. break below ALL PRICES SINCE 19-06-2009 [same as No.]

If you could kindly post a chart with the Feb' 10 HnS

Thanks

 

[Romeo and Elliott]

Obvious

 

[sidsup]

Obvious

Hello,

Could you please share your view on tata motors and tata steel. I m long both tata motors and tata steel with 1300 calls and 620 calls.

Regards,

Siddharth

 

[dhootankur]

Fortis is on the verge of H&S. Only problem is volume that is not supporting exactly format of H&S but let's c if break of level of 160 with volume can make it valid. Below 160 there is good support at 155 - 154 which is 200EMA below which actual target of 138 for H&S can be achieved.

RNE sir its just another view of mine on ur's.

 

[Romeo and Elliott]

Food for thot :

Is a STRONG price reversal expected in suzlon to the upside around 52.5 ?

 

[babukraman]

123-123 Makes a 3-3 setup (price confined in a 3-point trendline)

p, 1 and 3 indicate support / resistance at this level

at q you get a shorting alert

BUT the rule says you wait for a test of the prev supp/resistance

r - That test took place

s - The following red body failed to go below the support/ resistance

Therefore i posted "Is this a short"

Of-course now the bulls would get hopeful.

s-t-u -> thats a war-zone!! so im still not entering short cuz EVERYTHING is not in my favour!!

BODY T : Long upper shadow, Bulls are losing the battle and price coming close to the support

I set shorting alert BELOW point 'u'

Intraday chrt suggests the battle is over.... take a south-side ride and **PRICE NEVER EVEN COMES TO YOUR SELL PRICE** !!! no surprise cuz all that was worth fighting over has been done and over with, you see the bears with the trophy.

Nice analysis! Thanks RnE! Initial b/o, next retest and then the confirmation are all very well explained! Just like in the theory books!
Cheers!
Babu Kothandaraman

 

[babukraman]

Im thinkig holding short on this one.

If you could kindly post a chart with the Feb' 10 HnS

Thanks

IVRCL
Weekly HnS

 

[MurAtt]

wolfe aka dhootankur ... right ?

Overall picture - looks more of an extended handle of an inverted CnH ... if u stretch the imagination a bit ... yes RSI and Stoch still looking for more downside.

BUT yes .. a short candidate .. you can short if it gaps down .. good .. then keep the dotted Red Line as SL. If it moves up on Monday then short with keeping the Red Solid TL as SL. If it moves back into the channel .. go long with keeping the Red Solid TL as SL.

Hope not confusing ...